Living Budget Pro® is a financial planning and management tool that is designed to help you achieve your goals and improve your financial position. Living Budget Pro is unique in that it is designed to manage living budgets. Basically, a Living Budget® is a method of displaying your finances in a contextual, editable format where you can easily see the potential of earnings.
Living Budget Pro provides two ways to create your living budget; (1) you can easily import a CSV (comma, separated values) file, which contains all your income and debt sources. Or (2) you can use Living Budget Pro's budget creation wizard which will ask questions and provides a means for you to enter in all the required information. Once complete Living Budget Pro creates a calendar year's worth of transactions based on your income and debt sources and builds a budget based on your pay-periods. All income and expense entries as shown on the workspace, are really transactions held in the system database.
Immediately upon creation of your living budget, you can flip over to, and view December's ending balance which represents your financial potential. Changing a payee's amount, or an individual transaction can be accomplished in a couple of mouse clicks. With regards to the payee, a change in the amount is immediately applied to all transactions spanning the entire calendar year. You will immediately see how that change affected your overall budgetary plan. Given the ease of change you will be able to create many what-if scenarios to tailor a budget that meets your overall goals.
Living Budget Pro also incorporates our "Budget Squeeze" tool that will analyze your living budget and find all available monies. In essence the tool determines the available funds in each pay-period, which if used, will not cause succeeding pay-periods to go negative. The tool also provides a means for you to apply all or a portion of that available amount to one or many payees, and spread the amounts across the calendar year. The Budget Squeeze tool can be used to apply extra money to bills like credit cards, or the money can be applied to payees that represent goals.
Living budgets are designed to be easily maintained which is a requirement in our fast paced society. Living Budget Pro has a check register that can be a replacement for your existing check register program. All updates to the check register also update your living budget making it easy to see how that expenditure affected the overall plan.
By the way, at the end of the year, Living Budget Pro has the ability to carry your living budget forward into the next year. Basically, Living Budget Pro creates the next year budget based on the open items (payees), creating a new calendar year's worth of transactions. No need to "re-invent the wheel" or do all that re-entering of information.
If you are considering purchasing personal financial planning and budgeting software consider purchasing Living Budget Pro.
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