Final answer:
Personal finance software is a computerized accounting system that helps individuals manage their personal finances electronically.
Step-by-step explanation:
A computerized accounting system that assists individuals in managing their personal finances electronically is personal finance software. This software helps users track income, expenses, and savings, create budgets, and generate financial reports. One example of such software is Quicken, which allows users to connect their bank accounts, credit cards, and investment accounts to automatically update and categorize transactions. Users can also set financial goals, create and manage budgets, and track their net worth.
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