Microsoft on Thursday unveiled a new low-end personal finance program that it’s selling only electronically. It marks the first time Microsoft has used a download-only distribution model for its consumer software.

Priced at $19.99, Money Essentials includes fundamental finance tools that focus on online banking, including ones that automatically categorize expenses and generate e-bill reminders.

Microsoft also launched 2007 editions of the other SKUs in its Money family, which include Money 2007 Deluxe, Money 2007 Home & Business and Microsoft Money 2007 Premium.

Source: InformationWeek