Poincare' and Lie renormalized forms for regular singular points of vector fields in the plane

We discuss the local behaviour of vector fields in the plane $\R^2$ around a regular singular point, using recently introduced reduced normal forms, i.e. Poincar\'e and Lie renormalized forms [{\it Lett. Math. Phys.} {\bf 42} (1997), 103-114; {\it Ann. Inst. H. Poincar\'e (Phys. Theo.)} {\bf 70} (1999), 461-514; {\it Lett. Math. Phys.} {\bf 57} (2001), 41-60]. We give a complete classification, and provide explicit formulas, using Poincar\'e renormalized forms for non-degenerate cases, and Lie ones for certain degenerate cases. Both schemes are completely algorithmic, prove to be easy to implement, and only require to solve linear equations.