We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
Finance software Reviews
15,512 Reviews

BrainDistrict LifeAssets 1.1 review

£34 inc VAT

Manufacturer: BrainDistrict

Our Rating: We rate this 3 out of 5

BrainDistrict's LifeAssets 1.1 financial-planning software offers an interesting twist on the way you view and plan for your financial future.

BrainDistrict's LifeAssets 1.1 financial-planning software offers an interesting twist on the way you view and plan for your financial future.

BrainDistrict's LifeAssets 1.1 financial-planning software offers an interesting twist on the way you view and plan for your financial future.

While programs such as Mint and Quicken tend to focus on the rearview mirror, letting you look at your actual expenses to see how you've spent your money, BrainDistrict's LifeAssets 1.1 financial-planning software tries to set your focus forward, so that you can see where your financial future lies.

To get you started, BrainDistrict's LifeAssets 1.1 financial-planning software first needs to collect some detailed personal information, including your birthdate, intended retirement date, and most importantly, a complete accounting of all your personal financial information. And it's important to note that the more thorough you can be about your income and expenses, the better LifeAssets is able to determine how much money you'll have in the future. Also, there's no way to import any of your existing financial information.

More finance software reviews
Visit Business Advisor

Once you finish entering all your data, BrainDistrict's LifeAssets 1.1 financial-planning software displays a linear timeline graph (starting with your current age and running to age 100) that displays all your income, assets, and liabilities. The graph attempts to project how much money you'll have at retirement based upon your current assets, how much income you're making, what your pension or 401k is going to produce in the future, and how much your current liabilities are going to steal away from your future earnings. Dragging your mouse along the timeline while you have the floating Financial Summary window open allows you to view your projected net worth at any point in your future.

In order for BrainDistrict's LifeAssets 1.1 financial-planning software to provide accurate information you'll need to enter all your financial data and make estimates about the rate of inflation and the projected rates of return you can expect from all of your assets. LifeAssets offers several standard options for the kinds of assets and liabilities you can add, but it wasn't always obvious how information should be entered. Because the documentation is rather thin, most of what we were able to figure out came from trial and error. (Error being our new status among the millionaire crowd. Nice idea, but very, very far from reality.)

BrainDistrict's LifeAssets 1.1 financial-planning software offers you several tools for gathering financial information including tools for finding current stock prices and exchange rates or forecasting when, based upon your assets and income, you'll have enough liquid assets to make a major purchase with cash. Some of these tools are useful but others, like the Forecasting tool, offer undecipherable, unclear or negligibly useful information, leaving you wondering what the 'tool' was actually meant to be used for. Furthermore, the stock quote tool exhibited odd behaviour when we had no internet connection and then reconnected to the internet. Once a connection was reestablished. LifeAssets wouldn't update prices for the stock we'd entered. In order to get current prices, we had to delete and reenter the stocks.

Macworld.com

BrainDistrict LifeAssets 1.1 Expert Verdict »
Windows XP/Vista/7
  • Overall: We give this item 6 of 10 overall

While BrainDistrict LifeAssets 1.1 is an interesting financial planning application, it's also the kind of tool that feels like it should be part of a larger, more full-featured financial app. The linear view of your financial future is unique as far as forecasting tools go, but LifeAsset's uniqueness doesn't make it a financial planning necessity.

There are currently no price comparisons for this product.
  • Brain Age Test Free review

    Brain Age Test Free

    Brain Age Test Free is a free Android app that claims to calculate the exact age of your brain, based on a few simple tests. Does it work? Read our Brain Age Test Free review to find out.

  • Business Plan Pro 11.0 review

    Business Plan Pro 11.0

    Palo Alto's Business Plan Pro 11.0 software is designed with one thing in mind – to make writing a business plan easier.

  • Encyclopædia Britannica 2006 DVD

    Encyclopædia Britannica 2006 DVD

    If knowledge is power, get ready to be crowned King Brainbox - provided you've got the time to read the 180,000 articles contained in this little collection.

  • Dell Inspiron 11z review

    Dell Inspiron 11z

    The Dell Inspiron 11z laptop sports an 11.6in screen and low-power processor, and hits a modest £399 price point.

  • Business Plan Pro UK 2006

    Business Plan Pro UK 2006

    If you are considering starting up a company but don't want the headache of creating a business plan from scratch, Palo Alto's Business Plan Pro is the market leader for devising a realistic assessment of what investment you will need.


IDG UK Sites

Google Fit vs Apple Health Kit: What's the difference?

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Introducing generation tech

IDG UK Sites

Government kills £50 million 'Silicon Roundabout' regeneration fund