How to get started with a mortgage: A guide to financial management software
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A new tool to help Canadians with their financial management needs has been unveiled.
The Financial Management Suite, or FMS, is designed to help people manage their finances by providing a simple and intuitive interface.
Its main goal is to help families save more money, according to the company’s CEO, Doug LeBlanc.
The suite includes financial planning tools that include mortgage calculators, an income tax calculator, and a portfolio manager that helps families plan for the future.
The program is not designed to be used by every family, however, and is intended to help parents and grandparents manage their financial lives.
Its launch comes as more than 500,000 people across Canada are now using FMS to help manage their lives, according a spokesperson for the Financial Management Software Association of Canada.
“This is one of the most important products in the FMS family,” said Julie Bagnall, president of the association.”FMS will help people build more informed, well-informed, sustainable and stable financial decisions and strategies.”
The FMS is a free trial program that is currently available in select banks and is currently in beta testing in Canada.
It was launched in June.
The company has received more than $1.8 million in private investment from investors, according the Financial Services and Consumer Coalition, which represents banks.
The FMA has received nearly 100,000 signups to date, and says it will eventually have 2 million active users, according LeBlac.
He expects that number to grow to three million within the next six months.
Financial management software has been a growing industry, especially for millennials.
A recent survey by the Pew Research Center found that Canadians ages 18 to 34 are spending a record amount on financial services and have grown their financial independence in the past decade.
LeBlanc said that while FMS can help families manage their assets, it also has a focus on financial planning.
“We know that people want to be able to make decisions about their financial future and that’s a good thing,” he said.
“But it’s also about making sure that they’re making smart choices about their finances.”
He said that FMS does not offer an income management software to help family members manage their budgets or make long-term decisions.
“It’s not a tool that helps people manage the money they’re currently saving.
It’s about making smart decisions that are going to help them manage their money in the future,” he added.
With files from The Canadian Press
A new tool to help Canadians with their financial management needs has been unveiled.The Financial Management Suite, or FMS, is…