Features Comparison of MyFinancePlans Editions
Basic Edition | Lite Edition | Full Edition | |
---|---|---|---|
Ease versus Detail | Easiest | Balanced | Detailed |
Best Suited For | Starting, learning or for simple finances | Most people/families with typical finances | Those needing greatest detail and accuracy |
User Guide | Included | Included | Included |
Customizable | Yes, very | Yes, very | Yes, very |
Formatted for Printing | Yes | Yes | Yes |
Annual Plan with Monthly Breakdown | Yes | Yes | Yes |
Lifelong Plan with Line Per Year for Life | Yes | Yes | Yes |
Number of Pages in Annual Plan | 4 | 7 | 9 |
Number of Pages in Lifelong Plan | 5 | 6 | 13 |
Income Types | Employment, Business, Pension (after tax only) | Employment, Business, Pension | Employment, Business, Pension, Investment |
Income Detail | Self or Self & Spouse (1/4 page) | Self or Self & Spouse (1 page) |
Self (1 page) and Spouse (1 page) |
Expense Types | Not differentiated | Regular & Non Regular | Regular & Non Regular |
Expense Detail | 1 page with 8 categories | 2 pages, 12 categories | 2 pages, 12 categories |
Expense Pie Chart | No | Yes | Yes |
Cash Flow with Monthly and Yearly Balances | Yes | Yes | Yes |
Planned versus Actual Cash Balance chart | Yes | Yes | Yes |
Transfers to/from Assets & Liabilities | Yes | Yes | Yes |
Banking and Savings Accounts | Yes | Multiple | Multiple |
Retirement Plans | Combined | Self and Spouse | Multiple |
Education Plans | No | Yes | Yes |
Investments | In Savings | Yes | Multiple |
Assets | Yes | Yes | Detailed |
Liabilities | Yes | Yes | Yes |
Net Worth | Yes | Yes | Yes |
Consumer Price Indexing (Inflation) | No | Yes | Yes |
Present Worth of Future Amounts | No | Yes | Yes |
Lifelong Cash Flow Chart | Yes | Yes (present worth) | Yes (present worth) |
Lifelong Net Worth Chart | Yes | Yes (present worth) | Yes (present worth) |
Easy Adjustment for Investment Types and Returns | No | Yes | Yes |
Income Tax Handling | No | Yes – basic | Yes – more flexible |