Quicken vs. Money

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Quicken vs. Money

Published by sam - 24/09/07 - 02:09:00 am

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Sure you can do your budget using paper or Excel spreadsheets, but if you want an easier and faster way of tracking your accounts, expenses, and investments, you have to go for personal finance software. There are plenty of options out there, but the leading applications are Quicken and Money.

Both have great tools for tracking and budgeting, and the numerous reports and colorful charts will give you a better handle on your finances. Each program offers versions from the basic to the more sophisticated. Unfortunately, you won’t be able to integrate your local bank and investment accounts—you have to manually enter every transaction yourself—but they still are a must-have tool.

But which one? Forget the advanced versions as you won’t be able to use the tax planning and small business tools anyway. You can do with the most basic package. Between the two, as you can see below, our, uhm, money is on Quicken.

	Quicken Basic 2007	Money Essentials 2007
Tools	Tracks accounts, bills, debt, and investments Budgeting and reports	Tracks accounts, bills, debt, and investments Budgeting and reports
What’s new	Revamped interface Redesigned home page showing your projected cash flow Improved calendar Automatic categorization of expenses and payees	Entirely new product replacing Money Standard
What’s good	Easy setup, great new interface Detailed transaction management, splits transactions among categories, can attach notes to transactions Plenty of customizable reports and graphs	Very easy to use, well-designed Spending Tracker alerts you with problematic spending areas
What’s bad	No tax or planning tools Too basic tools for investments, property, and debt	Too simple program Can’t import existing data Can’t split transactions and add notes Can’t customize spending categories Can’t print checks Requires online access to accounts Limited and simple reports Too simple portfolio management
Other versions	Deluxe Premier Home & Business	Deluxe Premium Home & Business
Publisher	Intuit	Microsoft
Download	www.quicken.com	www.microsoft.com/money
Price	$29.99	$19.99

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September 24, 2007 | Personal Finance |

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Actually, Quicken will allow you to reconcile your bank account online and it will download your transaction record from your bank account. I have Quicken 2006 and it works extremely well for me.

Comment por wolf4997 — September 24, 2007 #
Hi Wolf,

I know quicken rules!!

Sam

Comment por sam — September 25, 2007 #

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