Money or Quicken..??

I've been a Money user for many years but the last few have been disappointing at best. I'm thinking of trying Quicken over Money. If anyone is familiar with Money, could you give me some of the aspects of Quicken that top Money and warrant me spending the $70 for Quicken deluxe.

Thanks!

RJH

Reply to
RJH
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Quicken is better for bank account tracking and easier to use while Ms Money is better for investment accounts.

Both do same more or less. I would subjest you use the one that supports your FI tho over which is slightly better.

Reply to
ob

Stay with the one you're familiar with. The grass is always greener, and many folks spend lots of time and aggravation in switching, only to discover that the other product is also disappointing, although possibly in different ways. Then they switch back.

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A great many people think they are thinking, when they are merely rearranging their prejudices.

...Edward R. Murrow

Reply to
Steve

I am using both programs. I find that Quicken is quicker, both to launch and to respond to my keystrokes and mouse clicks. But Money is fast enough to be very usable on my 3 GHz peecee.

Neither program has catastrophically destroyed my financial records, which is always a concern with this kind of software. Even so, I maintain many days of backed up data files for both programs.

The big headache with Quicken is the way it handles .QIF import/export. Intuit has imposed restrictions on these operations that grow stronger every year. I can't keep track of it. It is a completely unnecessary pain in the ass.

The big headache with Money is the way that Microsoft promotes Passport and Yodlee, both of which are terrible, and put your data at risk in several ways.

Since I am able to use Money without Passport or Yodlee, I have a slight preference for Money. Depending on how much love Microsoft has for Passport and Yodlee, this might change (for the worse) in the future.

Two suggestions for you. First, prepare yourself for some aggravation at first. Transferring your data from one program to the other will not be flawless; you will have have to do some manual correction of errors. Second, I suggest that you commit to running both programs in parallel for at least two monthes. I am suggesting that you keep your financial records absolutely up to date in both programs. That way, if one of the programs lets you down, you can just carry on with the other program.

Reply to
David Arnstein

I can not stress this enough. If you bank with Citibank for example they support full Quicken integration and they do not support at all Ms Money.City National Bank in California also only support Quicken. So if you bank with Citibank or City National Bank and use money your only choice is Yodlee which is only 1 way. Plus if you read Ms Money forums lots of people have reported download problems with Citibank for example Yodlee will not downloads you checks memo info and shows ATM and ATM purchases funny wont list the merchant you made the purcahse at. But yet if you use Quicken with Citibank it will download the info

100% correctly.

On the flip side Schwab has problems downloading investment transactions into Quicken and will make a place holder if you have a sweep feature in your brokerage account while with Ms Money it will download 100% correctly.

So I would look at which banks/brokerage houses you have accounts with then consider which program best fits your needs. I personally use Quicken because both my bussiness and personal accounts only support Quicken directly and I like doing 1 set up and having all my info download automatically into Quicken and being able to make all my payments using the build in bill pay from Quicken.

With Ms Money I would be forced to make all my bill pays using my banks web based bill pay as neither bank supports Ms Money. Yodlee seems not to download payee line 100% accurate nor does it download memo info at all.

Reply to
ob

Thanks for all the input!

RJH

Reply to
RJH

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