Personal financial management is hot. The term typically describes a set of tools and features that help consumers and small businesses track and manage their finances, create budgets, categorize and forecast spending, and analyze the allocation and performance of their investments.

PFM tools are hardly new. So what makes PFM such a hot topic for 2010? A perfect storm of three trends and factors.

Demand. The state of the economy has forced people to become a lot more disciplined about managing their finances.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.