Comments on: Online Money Management Tools

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Sun, 08 Mar 2009 10:44:55 +0000

[...] Online Money Management Tools [...]

By: CoolHappyGuy

CoolHappyGuy — Tue, 24 Feb 2009 15:02:10 +0000

Great survey of the online financial tools.

I have been a Quicken user for something like 12 years. The most frustrating part about it is the time it takes to enter transactions. The autopilot feature of Mint really looks attractive. I seriously plan on giving it a try.

Another benefit is the online aspect. I like the ability to check my account when I’m away from home. Also, someday I will replace my computer and this transition would be seamless.

In a perfect world, I would also like to be able to upload my Quicken history somewhere so I don’t lose it. It came in real handy when recently when I prepared my taxes and had to determine an investment basis. It seams a natural for Quicken Online to provide this capability.

I also appreciate the observations of my fellow commenters who have used the various online tools. Great complement to the post!

Thanks Again!

By: ammbd

ammbd — Fri, 20 Feb 2009 04:11:15 +0000

clearcheckbook user here. spent awhile last year reviewing various options & this works great. simple, easy, not tied to one machine, so easy even DH can use manual importing is tad wearisome but my main bank has habit of not playing nice with auto-import/export.

i would love to see categorization handled like tags where one may select multiple trans & tag’m all at once, though.

By: Saver Queen

Saver Queen — Tue, 17 Feb 2009 22:07:55 +0000

I use Wesabe. My main complaint there is the time it takes to download and tag everything. Obviously some of the tags are repeated so you don’t have to enter a new tag for every single expense, but nevertheless, it gets time consuming, especially when you’re using it for two people with separate and joint accounts. However I do like some of the features, such as the ability to set targets on savings and then see how you are doing in comparison to your goals.

By: Jeff@StretchyDollar

Jeff@StretchyDollar — Tue, 17 Feb 2009 21:47:59 +0000

I’m a Wesabe fan myself. Tried to get into Mint, but it didn’t work with some of our accounts, so we moved on over.

By: Melissa

Melissa — Tue, 17 Feb 2009 20:06:52 +0000

I’ve been using Moneywell for about four months now. When I switched to a Mac I needed a program that would work on it. I had used MS Money for years so I was used to doing things a certain way. I tried a lot of different free trials. Moneywell was the only one that made me feel like I was getting back what I had with MS Money. I can download from my bank, reconcile my statement quickly, setup future transactions…to name a few things I like.

Something I really love about Moneywell is the buckets for budgeting. I think it really forces you to think about a budget in a new way. Something about seeing your buckets empty is very tangible. Much like using cash to pay gives you a tangible, “This is all I have to spend”, the buckets do the same. We are for the first time ever sticking to the budget we’ve made for years…just never really followed.

I think the best part though is the customer service is top notch. They are quick to answer questions and constantly working on updates to the program.

http://nothirst.com/moneywell/

I feel this was the best money I ever spent on a program. It’s saved us money by changing our focus on budgeting.

By: The Passive Dad

The Passive Dad — Tue, 17 Feb 2009 19:50:48 +0000

We’ve been using Mint for two months now and love it. I used to prepare our budget with excel and found myself putting off updates and forgetting to input receipts. Since mint has auto updates, it takes all the work out of our budget. Very nice interface as well and my wife loves using it on her iphone.

By: Amber

Amber — Tue, 17 Feb 2009 18:09:20 +0000

I use NeoBudget (as mentioned above by Luke), as well as Thrive (justthrive.com), but starting to lean more towards NeoBudget. But I’ve also tried Mint and Quicken Online.

I’m really not huge on Mint, Quicken Online, and Thrive because they are back-end budgeting. They basically tell you what you have spent in the past but don’t really give you as much direction for the future. I have gotten an alert that I had gone over a budget category several days after the infraction, and I hadn’t realized it.

I prefer the PF options that are a little more forward-end. If I look at my checking account and see that I have $400 available, its kind of a license to spend. But if I look at my PF software and see that I’m out of “Fun Money,” I’m done until payday (then all my bills get paid early instead of scraping it together or waiting and getting hit with a late fee.)

For me, NeoBudget is the best option. Its easy, user friendly, no security risk, and cheap as dirt.

By: Travis @ CMM

Travis @ CMM — Tue, 17 Feb 2009 16:12:34 +0000

Hmm, I’ve been using Mvelopes for about a year now. While I really enjoy it, its hard not to think about the money I would be saving by switching to one of the free services. $13 a month * 12 = $156. I think it may be time to rethink the money management software I’m using.

By: Andrew

Andrew — Tue, 17 Feb 2009 15:39:27 +0000

Prasanth already mentioned it, but I’ll second Yodlee Moneycenter. When I started using it 2 years ago it did everything I needed. Great app, puts all your spending tracking on autopilot. Probably only have to recategorize a couple things every month.