We take a close look at the problems of information management, benefits of using advanced technologies in the low-budget personal information management system, as well as system selection criteria to meet personal and professional needs of information workers. Challenges of Document Management Nowadays big part of information is stored in a form of text: books, articles, reports, memo, notes, specifications, descriptions, whitepapers, and manuals, not to mention a huge amount of time sensitive information, such as invoices, bank statements, schedules, contracts, and tax returns. Yesterday, papers, photo albums, music disks, and video tapes were kept in drawers, boxes, and cabinets. But the development of personal computers and Internet has started the era of digital information. Development of electronic formats has significantly increased system storage capacity and allowed accumulation of large information volumes. However, recent developments in the fields of computer systems and data storage have led to a new question: how can we effectively manage digital information? Recent studies by IDC (Susan Feldman, Joshua Duhl, Julie Rahal Marobella, Alison Crawford. The Hidden Costs of Information Work. March 2005) revealed that on average 13 hours of every 40-hour work week are spent on creating documents. 9. 5 hours per week are spent on searching for information, while almost 9. 6 hours on analyzing the information. 6. 5 hours are wasted on searching for information that is never found leading to the need to recreate the content. Formatting of information between different applications takes about 3. 8 hours per week, whereas version.