financial management software
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    financial management software

    I was wondering if anyone has advice for a type of financial software to use. I'm looking for something very basic and very cheap. Mostly want to categorize expenses to keep track of budgeting. I used to use quicken but don't see very good reports/reviews of their more recent software.



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    Re: financial management software

    use mint.com



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    Re: financial management software

    Excel...



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    Re: financial management software

    I'm in the middle of figuring this out myself.

    I used to use Microsoft Money and I liked it, but my computer crashed, so we are moving our money stuff to my wife's Mac. So far I have downloaded several trials, to check out. iBank and Quicken seem to be the front runners.

    I'll take any suggestions from others too...



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    Re: financial management software

    Quote Originally Posted by bufante View Post
    I'm in the middle of figuring this out myself.

    I used to use Microsoft Money and I liked it, but my computer crashed, so we are moving our money stuff to my wife's Mac. So far I have downloaded several trials, to check out. iBank and Quicken seem to be the front runners.

    I'll take any suggestions from others too...

    I am considering moving to Mac on the next go around too.
    Z


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    Re: financial management software

    I've been moving away from Money as well. So far Quicken is the leader, but it's been bloody. Heard alot of good things about Mint (which is now Quicken and will be their online product - retiring QuickenOnline apparently), but my primary bank isn't part of their system - which makes it pretty much worthless. I notified them back in September about it, coincidentally they are just getting around to it last week. Some tech support.

    As for Quicken, they have problems. For desktop, if your banks, credit cards, etc aren't in their database, you're pretty much SOL. They don't support .qif file import any longer. Their answer is basically "get to typing". And for the online, you can't add manual accounts- for instance my Amazon.com and Nebraska Furniture Mart cards aren't supported, and I can't add them - so it's a bit of a trick to get the reminders worked out. The online also has zilch for retirement or investment, so I you have to use desktop. Of course, the two don't synch. Which is fine, except I really like the iPhone app for entering and quick access - and it requires Online.

    So gaping holes with Intuit. They claim total integration is coming. My guess is 2020 or so. They haven't been speedy or responsive to this point.

    Never heard of iBank. Have to give that a look.



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    Re: financial management software

    If you want cheap and you want basic, check out what reporting your online bank offers already. That won't cost you anything. I use Principal Bank, for example, and I can catagorize each entry (just like I used to on Quicken) and there are some basic reports you can run. I have to assume all online banks offer similar features.

    Might be worth a look.


    CCG

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    Re: financial management software

    Sorry, would have gotten to do this sooner but I was traveling. I recommend mint.com very highly. However, if you feel comfortable with Excel, it is a very powerful program that can be personalized for your needs. Good luck



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    Re: financial management software

    Quote Originally Posted by larrybob33 View Post
    I was wondering if anyone has advice for a type of financial software to use. I'm looking for something very basic and very cheap. Mostly want to categorize expenses to keep track of budgeting. I used to use quicken but don't see very good reports/reviews of their more recent software.
    Quote Originally Posted by DaddyMac View Post
    I've been moving away from Money as well. So far Quicken is the leader, but it's been bloody. Heard alot of good things about Mint (which is now Quicken and will be their online product - retiring QuickenOnline apparently), but my primary bank isn't part of their system - which makes it pretty much worthless. I notified them back in September about it, coincidentally they are just getting around to it last week. Some tech support.

    As for Quicken, they have problems. For desktop, if your banks, credit cards, etc aren't in their database, you're pretty much SOL. They don't support .qif file import any longer. Their answer is basically "get to typing". And for the online, you can't add manual accounts- for instance my Amazon.com and Nebraska Furniture Mart cards aren't supported, and I can't add them - so it's a bit of a trick to get the reminders worked out. The online also has zilch for retirement or investment, so I you have to use desktop. Of course, the two don't synch. Which is fine, except I really like the iPhone app for entering and quick access - and it requires Online.

    So gaping holes with Intuit. They claim total integration is coming. My guess is 2020 or so. They haven't been speedy or responsive to this point.

    Never heard of iBank. Have to give that a look.
    gnucash (Free Accounting Software | GnuCash) - open source software so it's free. And it isn't like quicken that keeps adding features for the sake of adding features - it's meant to work.

    As far as banks tying to Quicken, several years ago Intuit dropped the QIF format for downloads in favor of a sync that must go through them and rolled it out at an extra cost to banks (even those that use Intuit's own online banking hosting services). (gnucash supports QIF import)


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    Re: financial management software

    Try GNUCash... it's open source and totally free. I've used it for about 3 years... LOVE IT!

    MOClone



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    Re: financial management software

    I had mint recommended to me by someone the other day, but my small bank (liberty bank here in iowa) isnt supported.



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    Re: financial management software

    Quote Originally Posted by alarson View Post
    I had mint recommended to me by someone the other day, but my small bank (liberty bank here in iowa) isnt supported.
    Looking at the mint.com site, it doesn't say exactly how it gathers all of your information. I presume that you must set up accounts at your own institution and then disclose to the mint.com website your online credentials to make it work?


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    Re: financial management software

    I have never used MINT but I highly recommend YODLEE.



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    Re: financial management software

    Another option to consider is the "You Need a Budget" (YNAB) program. When I was looking at programs several years ago it was highly rated, and it is still around and going strong. I haven't used it for a while though, mostly because I'm kind of lazy.
    http://www.youneedabudget.com/

    If you are ambitious, a simple spreadsheet program is also more than capable of doing the trick. They can be quite powerful if you know how to use them.


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    Re: financial management software

    Do any of you who use Excel care to share a template of what you've made? Just curious about some of the layouts people have. Thanks!



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