What is a benefit of utilizing commercial personal finance software packages such as Quicken®?
A) They automatically complete and file your annual tax return.
B) They alert you when interest rates on your credit cards increases.
C) They automatically generate reports on income and expenses.
D) They develop expense and income timelines.

Question

Quizplus · Accepted Answer

Utilizing commercial personal finance software packages such as Quicken® can automatically generate reports on income and expenses, which can provide better insight into your financial picture and help with budgeting and financial planning. While some software may have features to help with taxes and interest rates, those are not universal benefits of all personal finance software. The question asks for the benefit of utilizing such software packages, and generating income and expense reports is the most widely applicable benefit.

What Is a Benefit of Utilizing Commercial Personal Finance Software