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Aug 27, 2019 11:36 AM EDT

Adulting 101: Accounting Programs to Help With Accountability


Becoming an adult brings about many different challenges. One of the greatest in transitioning from being a dependent young person into becoming an independent adult is undoubtedly taking care one's finances. This is a daunting task, but thankfully there are several great programs out there!

Accounting programs are very fitting for young adults, as they for instance are available through mobile applications. With functions such as bill management, budgeting, retirement planning, and many more, accounting programs are a great solution for young adults. But how does one go ahead and pick the right program?

How to Choose an Accounting Program - Functions to Look For

In picking an accounting program, there are several factors that ought to be considered. The first and most important is likely what your needs are. If you are a young adult, chances are you need help with pretty much everything! Although, truth be told, budgeting is most likely the most pressing issue. 

With an on-the-go app that can help you keep track of the budget, this aspect of accountability has never been easier. In essence this means that when you are left with a purchase decision, you can simply grab your phone and decide based on what your budget for the month is. 

Furthermore, paying your bills on time is likely the most important financial advice for young adults. This is because interest rates puts unbearable pressure on a personal economy that is already struggling. With bill management in an accounting program, one can follow this aspect of personal finance closely and ensure payments on time. 

There are several other factors that go into the choice as well, such as investment and retirement tracking, credit scores, etc. However, undoubtedly the most important for many young people is the cost. That is why the decision of how to choose between personal capital vs quicken for instance is not as hard as it may seem, considering the former is free. 

User Friendliness and Customer Service

While the combination of functionalities and price undoubtedly trump the initial choice of a program, user friendliness is also extremely important. One must after all be able to feel comfortable using the software. While many young adults are tech savvy, some programs are simply way too difficult to navigate around. 

Therefore, navigation is likely one of the most important factors in picking out the program for you. Speed and capacity is also just as important, as accounting programs oftentimes can involve larger data sets - which require a greater level of server capacity, something only the most advanced programs possess. 

Furthermore, there are few doubts that customer service is essential to your experience with an accounting program. After all, if one is supposed to trust their assets with a program, one must also feel sufficient support when errors arise and help is needed. Live chat, phone, and email support should be available 24/7. 

If choosing a paid subscription, you should also make sure that the program has a free trial. This way you can ensure the program's quality before paying a significant fee. If you like the program, simply let the subscription run. On the contrary, if you are dissatisfied, simply stop the subscription to avoid the charge. 

Become an Adult Financially With an Accounting Program

As mentioned in the introduction, one of the most daunting task of becoming an adult is to become financially independent. This is in fact the very definition by many of actually being an adult. An accounting program might help you achieve this goal, but why is it so essential to become financially responsible from early on?

For starters, research has shown that spending habits as early as in your college years can predict your financial independence as an adult up to five years post-graduation. This is likely due to the habits one create for themselves. Here, an accounting program is a rather beneficial habit to develop for oneself. 

Following the college years, most people prefer to settle down early. This means having children, finding the dream house, buying a reliable car, getting on your own health insurance, and so on. All these things have great deal in common - they all cost tons of money. That is why using accounting programs from early on is vital!

Find Your Path to Financial Independence Today!

Of course personal finances require hard work. Both budgeting, saving, investments, and of course habits, need to align. As a young person this can be tough, but an accounting program can be a great help and guide in this process. 

If you wish to pursue financial independence today, starting the use of such a program is a vital step. Before you know, you will be in a position to look for the dream house, have kids, and start the life you always dreamt of - in financial independence as a young adult!

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