A system and method of performing financial management tracking comprising
entering, on a mobile control device, data associated with a financial
transaction; storing said entered financial transaction data in a
database within said mobile control device; periodically synchronizing
said mobile control device database with a base station database via a
communications link such that budgetary and financial transaction data is
update. In one embodiment of the invention, each member of a household
utilizes a separate mobile control device, each of the mobile control
devices is synchronized with the base device such that all mobile control
devices are synchronized with each other.