According to a recent report published by Allied Market Research, the personal finance software market is expected to surpass the $ 1.5 billion mark by 2027, expanding at a CAGR of 5.7% from 2020. These figures tell us why the adoption of personal finance software is witnessing a year-on-year growth.Įven before the pandemic hit us, the demand for finance software around the world was on the rise. Personal finance is booming due to which, a number of personal finance software are available in the market today.ĭid you know that around 29.2% of Americans do not save any share of their income? Heading into the COVID-19 pandemic in 2020, a study revealed that approximately 40% of households did not have enough liquid savings to pay household expenses for the next 3 months. Technology has made its presence felt in all aspects of our lives and personal finance management is no exception. Personal finance management is not straightforward and that is where finance software and applications step in. Natasha Munson rightly said, “Money, like emotions, is something you must control to keep your life on the right track.” Human beings are constantly pulling strings to improve their financial situation to lead a stress-free and comfortable life.

Personal finance software 2021