Simple Home Budget Review - why 3.9 stars?

Shlomi Lavi / updated: Nov 23, 2022

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What is Simple Home Budget?

Simple Home Budget is an easy to use software to help average Joes manage their finances. It was developed to help you see exactly where you are with respect to your personal finances so you can plan your expenses accordingly.

The software is a creation of ProperSoft, a small company based in Canada that focuses on developing simple solutions for average people. ProperSoft was founded in 2008 and so far has 2 software under its belt.

Who is it best for?

Like the name implies, Simple Home Budget was developed to help people at home better manage their money. That said, the software also offers tools that could be useful to small size businesses owners, non-profit organizations and freelancers.

It is the perfect software for people who just want to look at transactions that took place within a year period and review their current financial position. It is also useful to people who just want to pinpoint areas where they overspent money and make the necessary adjustment.

Main features and functionalities

With Simple Home Budget you can quickly import transactions or other financial information from your different accounts no matter the format in which they are (.CSV, .OFC, .OFX, .QIF, .QFX). That information can then be translated into a color-coded summary that you can rely on to see how much money came into your account and how much went out. The information provided should enable you to spend your money wisely in the future.

What is the actual cost?

The cost of license starts at $29.95 per license. ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Simple Home Budget. You can also find here pricing information from Simple Home Budget's website.

Pros

• Quickly imports transactions from your other accounts for review
• Simplifies the approval of recurring transactions
• Expenses can easily be analyzed on a pie chart
• All transactions can be searched and sorted by description, category or amount
• Includes an automatic backup just in case you lose the original file

Cons

• Does not support multiple currencies
• Does not support multiple currencies
• Does not support 1099 filing
• There is no Help Desk available for customer support
• There are no instructional videos for those who want to learn how to use it

How it stacks up?

Access a head to head analysis of Simple Home Budget vs alternative software solutions.

Frequently Asked Questions (FAQs)