2020. 2. 12. 04:46ㆍ카테고리 없음
I use Microsoft Money 2003 to manage household finances. Yes, it's old, but it gets the job done.
I didn't upgrade to later versions since there was no compelling reason to do so. However, Microsoft announced earlier this summer that they will no longer sell or support the product. Microsoft had posted the following at: Important notice: Microsoft Money Plus is no longer available for purchase. All purchased Money Plus products must be activated prior to Jan. With banks, brokerage firms and Web sites now providing a range of options for managing personal finances, the consumer need for Microsoft Money Plus has changed.
After suspending annual updates of Money Plus in 2008, Microsoft ended sales of Money Plus on June 30, 2009. We would like to thank the many dedicated users who have been enthusiastic supporters of Microsoft Money over the years, as well as our partner financial institutions who helped pioneer a digital vision of financial management. While my Money 2003 is still working well - even on Windows 7! - there may come a time when it simply doesn't work any more (Windows 8? 9?) So, what are the other options available? I'd like to investigate and wean myself off MS Money, eventually. I'm specifically interested in personal finance desktop software.
That is, I'm loathe to trust my personal financial information to an online service. What has worked well for you?
I've been budgeting with MS Money since 2004 and was pretty disappointed to hear it's being discontinued. Budgeting is actually a stress-relieving hobby for me, and I can be a bit of a control-freak when it comes to finances, so I decided to start early looking for a replacement rather than waiting until MS Money can no longer download transactions. Here are the pros and cons of the ones I've tried (updated 10/2010): - Based on the old, YNAB has you allot money from each paycheck to a specific budget category (envelope). It encourages you to live on last money's income, and if you have trouble with overspending, that can be a great plan. Personally, I'm a big believer in the envelope concept, so that's the biggest pro I found. Also, it's a downloaded software, so once I've bought it (for about $50) it's mine, without forced upgrades as far as I've seen.
The big con for me was that it does not automatically download transactions. I would have to sign on to each institution's website and manually download to the program. Also, coming from Money, I'm used to having features that YNAB doesn't offer, like the ability to store information about my accounts. Overall, it's forward-thinking and a good budgeting system, but will take some extra time to download transactions and isn't really a comprehensive management tool for all my financial needs. You can try it out with their free trial. This is a free online program. The free part was a major pro.
It also looks pretty, if that's important to you. Updating is automatic, once you've got it all set up, so that's a pro. Mint's budgeting tools are so-so. Basically, you choose a category and tell it your limit. It yells at you (by text or email) when you cross the line, but doesn't seem to offer any other incentive to stay on budget.
When I first looked at Mint, it did not connect with my credit union, but it currently connects to all my banks and all but one of my student loan institutions. Another recent improvement is that Mint now allows you to manually add transactions, including pending checks and cash transactions. The cons for me are that it does not give me a good end-of-the-month report, doesn't allow me to enter details of my paychecks, and doesn't give me any cash-flow forecasting.
Overall, Mint is a good casual, retrospective, free online tool, but doesn't allow for much planning ahead. Here's another online option, but this one is subscription-based. Again, we find the old envelopes system, which I think is smart, so that's a pro for me. It's online, so it downloads transactions automatically, but also allows you to manually add transactions, so another pro. The big con on this one is the cost.
Depending on how you far ahead you choose to pay (quarterly, yearly or biannually), you're paying $7.60 to $12 per month. They do offer a free trial for 14 days (plus another 14 days offered when you try to cancel). Another con is that they don't provide meaningful reports.
Overall, a good concept, but not worth the cost for me. I hadn't tried Quicken earlier because they don't offer a free trial, but after the last few fell short, I landed with Quicken 2009. Pro for Quicken, as an MS Money user is that it is remarkably similar in format and options. The registers and reports are nearly identical.
One frustration I'd had with Money was that it was ridiculously slow at start-up, and after a year or so of entering data, Quicken is dragging. Con for Quicken, again as an MS Money user, is that it's budgeting is not as detailed as I would like.
Also, it does not download transactions smoothly now that my banks all ask security questions as part of sign-in. I have to sign in to my bank's website and manually download. Quicken 2011 is out now, but I haven't tried it yet. Hopefully they've solved the problem of security questions. Quicken 2011 promises an improved cash-flow forecast, which sounds promising, and was a feature of MS Money that I have very much missed. Haven't decided yet if it's worth the $50 to upgrade to 2011.
I use which I really like. However, I've never used any other personal finance software so I can't really compare. Before GnuCash, I used an Excel spreadsheet which works fine for very basic finances. Pros. Free. It isn't a web app.
I know I'm a little paranoid but I'm uncomfortable with giving even the established online programs this much financial information. this is a pro for me but I think it intimidates some people. Personally, I don't feel it's difficult to pick-up and it allows a much more detailed look at your finances. Allows multiple sub-accounts. This lets me divide up our general checking account into many different sub-accounts. I this primarily as a budgeting tool. Handles a nice variety of accounts so it's relatively easy to enter mutual fund info in addition to more cash-like accounts.
It allegedly will work with Windows & Macs but I've only run it in Linux. It's suppose to support QIF and OFX imports but I've never tested this out.
Cons. It has a bit of a learning curve. The default reports are dreadful. They are very business oriented and I don't find them as useful for the type of household reports I want. However, if you have some programming knowledge, you can build. One thing that really confused me about double entry bookkeeping was how everyone warned me that it was harder.
Ms Money Format
I thought they meant you had to be careful about rememebering to enter things twice. It just means transactions have a source and destination account. When you get a paycheck, it moves from a Salary income account to a Checking asset. GNUcash handles creating the 'other side' automatically, so it's pretty similar to other systems. Most transactions go through a checking or credit card account, and it all makes sense to me. Maybe I'm weird though.
– Jan 7 '11 at 2:25. Well, you could replace it with. Microsoft Money Plus Sunset versions The Microsoft Money Plus Sunset versions are replacements for expired versions of Microsoft Money Essentials, Deluxe, Premium, and Home and Business. They allow existing customers to use MoneyPlus to continue accessing their data. Changes to the new versions include file conversions from older versions of Money, no required activation, no online services and no assisted support. Microsoft Money Plus Sunset is available now. How complicated is your budget?
Ms Moneypenny
We have a fairly in depth excel spreadsheet that does the trick for us. Lots of formulas and whatnot for calculating income, outgo, expected and actual expenses, expenses budgeted over time (i.e. Planned expenses that are semi-annual or annual) as well as the necessary emergency funds based on expenses. Took me a few hours to initially create and many tweaks over months to get just right but it's reliable and we know we'll never lose support for it. I'd be willing to share it if desired, I'll just have to remove our personal finance figures from it first. I use to manage my spending.
It's a lot like Mint, but provides support for more banks, and works with most Canadian financial institutions. I can't really compare them fairly though, since I didn't bother with Mint after learning that they don't care about Canadians. If your bank isn't supported by MoneyStrands, or you don't want to trust an online webiste with your account login, you can create accounts for manually uploaded files. It just means you have to log into your bank yourself, download the transactions as QFX, OFX, CSV or other supported formats, and then upload the files to the appropriate account in MoneyStrands. I love the expense tracking and reporting that MoneyStrands offers, but like Mint, their budgeting feature is seriously lacking.
Fortunately I don't need to budget month-to-month, I just use it to see how much I spend on various categories, to help create annual budgets and decide how much I can invest or use for a vacation.