An often overlooked form of risk is due to the monetization model and privacy practices of the vendor or software provider, whether the application is 'free' or fee based. This risk may be compounded based on the security the software vendor has implemented as well as the availability of the data and where specifically it is stored (online or a local application).

Another significant area of risk is due to sensitive personal information that is stored anytime data is digitized. The use of expense tracking, budgeting, and other personal finance software carries some risk, most notably is due to the disclosure of a username, password, or other account credentials used to automatically synchronize banking information with an expense tracking application. Some software differs by feature support, software code and development transparency, mobile app features, import methods, Monetization model, privacy and data storage practices. Personal finance software can be used to track spending, create budgets, and plan for future expenses.

Best personal finance software for mac