The Bottom Line
If you're looking for budgeting software with more personal finance features, consider other budgeting software titles. But, if you're looking for simplicity, NeoBudget is definitely worth a try.
Updated 07/27/2010
Pros
- NeoBudget sets up really fast.
- Handles the occasional fifth paycheck per month with ease.
- Debt worksheet helps when deciding which gets to pay off first.
- No account numbers required to set up, personal financial information remains secure.
- Accredited by the Better Business Bureau.
Cons
- No automatic transaction downloads.
- Allocating expenses per paycheck could be improved.
- No personal finance reporting available with a free basic plan.
Description
- Supports split transactions.
- All financial functions are easy to find either in tabs at the top of NeoBudget, or along the left side.
- Unallocated envelope holds funds that have not been set aside for any spending.
Guide Review - NeoBudget Manages Your Budget Online
Although you cannot directly download transactions to NeoBudget from a bank, you can import transactions after first downloading them from your financial institution in Quicken QIF and Microsoft Money OFX formats. Importing transactions saves time, although direct downloads are faster. On the other hand, not having direct downloads is preferable for security reasons for some people.
NeoBudget now offers a free basic plan with support for one bank account and 10 budgeting envelopes. If you need to work with more accounts, start with the free version to give NeoBudget a try, then you can upgrade to a reasonably-priced standard plan for $4 per month, $19 for 6 months or $38 per year. You can learn more and sign up to use NeoBudget at www.neobudget.com.
