Abstract: Disclosed is a financial management software application that provides a means of creating and managing living budgets. A Living Budget is the evolving statement of financial position laid out in terms where one can easily manipulate its various components (210) (211) (216) and see results the across all periods within its scope (208) (205), which is typically a year; differs from a budget in that proposed solutions are easily discernible by virtue of the layout. The enhanced visibility, ease of edit, and layout provide a new and improved method for managing finances. The end result is that consumers will not only have the ability to reconcile their accounts, but can easily create many what-if scenarios and instantly see how those changes effect their financial situation. This application will help those who are in immediate financial distress, or those who just want to improve their financial situation.