You can keep the same limit each month, or direct any unused amount to roll over into the next month. Where Quicken Premier stands out is in its tools for managing investments. If you own stocks or other securities, this is the best choice for you. Its tools analyze your portfolio and compare its performance with the market. You can also create retirement goals and use the calculator to evaluate your finances and determine what you need to save toward your retirement goals. Read the full review. This is our best value option because it gives you the same useful budgeting tools as Quicken Premier.
Quicken Starter connects directly to your accounts and imports your balances and transactions, automatically categorizing them. Budgets are easy to create and can be divided into categories to track how much you spend on groceries, rent and other items. You can set up email or text alerts for when you approach or exceed your budget limit in a certain category. The Quicken mobile app also lets you check on your budget from your phone.
You can also use the app to take pictures of receipts and add those to your records. Quicken Starter has no tools for monitoring or tracking your investments. Having a mobile, web-based personal finance program makes it easy to track your spending and expenses from anywhere. Once you create an account with Buxfer and download the app, you can connect it your bank and credit card accounts.
Once connected, your balances and transactions are added to Buxfer and automatically categorized. Creating a budget with Buxfer is easy. You set an overall spending limit for each week, month and year you intend to budget. You can use the categories to further refine your budgeting.
The Best Personal Finance Software Programs
The budgets are color-coded. Buxfer also has shared-expense tracking, which lets you send money to others, especially useful if you split rent or utilities with roommates.
Buxfer offers simple reports that help you visualize your spending. You can use the pie charts to determine what percent of your income you spend on various categories. Line graphs give you a quick view of your income versus your expenses. This program has tools to help you track your investments and monitor the progress of your portfolio.
It syncs to your brokerage account and shows your balances and trades. In addition, it has reports that let you track your transactions and the performance of your investments.
Moneydance is an easy-to-use program that lets you categorize your spending so you can see how much you spend and what you spend it on. You can also sync to your bank and P2P lending accounts to directly import your transactions. With this method, you split your budget into envelopes marked with categories such as groceries, bills or entertainment. You then purchase items with money from the envelope category they fall under. Mvelopes lets you track your expenditures by assigning them to digital envelopes.
When you exceed a spending limit, the envelope balance changes to red, and the program prompts you to address the situation by adding funds or letting it stay negative. This is a good way to visualize your spending and track where your money goes. For this most recent update, we spent 60 hours using 20 programs before settling on the best We chose not to include free services like Mint or Personal Capital, though we may reconsider in future updates.
We did look at both of these programs. Mint is one of the most popular personal finance apps. It also offers a free credit score and has a wide range of alert options. To test these programs, we purchased or downloaded complete trials and used them to create budgets, connect to a bank account and monitor how well each program performs. We found that setting up your budgeting software can take some time, so be sure to give yourself an hour or possibly more. The best programs connect automatically to your bank, credit card or investment accounts directly. A few require you to import through Dropbox or another intermediary.
Once our transactions were imported, we let the program categorize them for us and began creating budgets. We noted the tools each program has to simplify the budgeting process, and whether you can copy the budget from month to month and set up recurring payments.
Stay on top of all your expenditures
To make sure we tested these programs for all manner of financial scenarios, we also looked at the tools for monitoring investments. Many of the programs at least give you an overview of your portfolios and track their performance. The Mint iPad and iPhone app looks good, gives a clear overview of your finances and is easy to navigate. Like many personal finance apps, Mint can take time to update your balances and transactions and can be affected by changes made by your bank to the way third-party apps communicate with it. Sometimes this means you have to delete an account in order to reconnect it and the problem with this is that you lose your account history in Mint.
They are completely separate products. Overall however, as a more basic free alternative to Quicken, Mint is an excellent budgeting tool for Mac users. SEE Finance 2 is designed specifically for Mac and used to be the closest thing you could get to Quicken before Intuit finally released Quicken for Mac. Despite the launch of Quicken, the makers have continued to develop SEE Finance into a very reliable, robust and feature packed personal budgeting app for Mac. In fact the latest version of SEE Finance 2 has been built from the ground up and is a big improvement on SEE Finance 1 in terms of both looks, functionality and affordability.
Investment tracking is also very well done in SEE Finance 2 with a clear and varied overview of your investments with lots of different reports. SEE Finance 2 is also very good at handling multiple currencies with over different currencies supported. You can connect to banking institutions via Direct Connect which will automatically download transactions and import data from others.
This is easy to setup and use in SEE Finance and pretty reliable at syncing and updating account. SEE Finance 2 is a massive improvement on the first version and remains a fast, reliable and slick app to manage your finances on Mac. You can also try a 30 day free trial of SEE Finance. Because of the way it approaches budgeting, YNAB has proved very effective at helping users to save money and get their finances in order which is made it very popular with Mac and PC users alike.
The developers of YNAB strive to help you manage your money more efficiently by encouraging you to use a Four Basic Rule method which can genuinely help you save money or get out of debt. YNAB is structured around these four principles and helps you to structure your budget accordingly. YNAB can import bank files and transaction ledgers and can retrieve your balances from over 12, banks. It does however allow you to factor mortgages and simple investments into your overall budget and gives you a very clear overview of where your money is going. You can also try a 34 day free trial of YNAB before deciding whether its for you or not.
There is no support for Bill Pay though. The difference is that the Premium subscription includes Direct Connect which allows you to automatically download transactions from bank, credit card and investment institutions. CountAbout is very good value for money and considerably cheaper than most personal finance software that supports Direct Connect. MoneyWell is a slick, simple but effective Quicken alternative designed specifically for Mac. MoneyWell is unique in that it uses an envelope budgeting system to help you manage your finances better. Rather than setting targets that you either hit or miss, envelope budgeting works on the basis that any money you save or overspend is constantly adjusted to show the effect on your incoming bills.
MoneyWell also supports Direct Connect so that you can automatically pay bills from your bank account. MoneyWell is clearly well thought out with some really smart interactive reports. MoneyWell Express was the mobile version of MoneyWell but was discontinued in early due to syncing issues. MoneyWorks was one of the first ever finance apps for Mac and made its debut on OS X way back in — before Windows 95 was even invented.
MoneyWorks is also generally very good at representing complex business data in graphs and produces custom reports via the MoneyWorks Gold report writer. MoneyWorks comes in 5 different versions aimed at differing sizes of business and all are available for standalone purchase or via subscription. MoneyWorks Cashbook is completely free to use and is ideal for small organizations that need a simple financial management solution. You can also try MoneyWorks free for 45 days. The fact that you can use it completely for free is obviously a massive advantage compared to any other personal finance tool out there.
The best Quicken alternative for you really depends on your specific needs. Some people need things like Bill Pay and Online Banking while others are more focused on investments. This is essential for those that want their accounts to be regularly updated with real time bank transactions. Direct Connect known as QFX in Quicken products is the standard method that most banks support although increasingly, users are finding it very unreliable.
Some banks such as Citibank have even dropped support for Direct Connect in favor of their own proprietary system instead. As a result, some applications such as Moneyspire, Banktivity and Moneydance have developed their own version of Direct Connect although this usually costs extra. Of course, you can do this easily by setting up a Direct Debit with your bank for things such as utility bills but Bill Pay enables your finance app to track them more easily. When it comes to security, remember that any connection made between finance apps and your bank are only as safe as the application accessing it.
Make sure that the application takes security seriously and uses encrypted connections to your bank to prevent unauthorized interceptions. A few apps such as Personal Capital add an extra layer of protection by not actually storing your financial credentials but managing access via specialized encrypted service Yodlee. This is also used by many financial institutions and adds an extra layer of protection to your data. Alternatives such as Personal Capital, Banktivity and Moneydance all feature robust investment tracking as standard.
If you like to manage your money or check accounts on the move, make sure the software you choose has a mobile app. Some user their own servers to sync while others offer syncing via iCloud. If you like to take photos of receipts and invoices to sync with your Mac later, make sure this feature is supported. If you want to import your Quicken accounts into another application, you can easily do so by exporting them into QIF format. Unfortunately, Quicken has removed the option to export files in QIF format. Note that not all personal finance software supports QIF importing so if this is important to you, make sure you can migrate from Quicken easily.
For those that travel a lot or that deal with foreign transactions regularly. The Mac edition of Quicken is still lagging behind when it comes to multiple currency transaction support. Those that imported foreign currency accounts into Quicken for example found that they were suddenly converted to dollars.
Make sure foreign currencies are supported if you do a lot of trade abroad to avoid some major headaches when importing data. If you share the software with a partner, other members of your family or colleagues, support for creating multiple profiles is very useful. It allows you to track spending and create budgets for each individual member whilst also preserving the privacy of each user. We hope this article has helped you be more informed when choosing a replacement for Quicken on your Mac.
This is by no means a definitive list of programs to replace Quicken with on your Mac. If you have any other questions, experiences or suggestions regarding the software featured here, let us know in the comments below. Why not still list the original Quicken for Mac ? Though it may be dated and missing some modern features, it is still the best out there that is still available. Note that a new version is actively in the works in beta testing right now , based on Quicken Essentials but more feature rich that will become more comparable to Quicken for Mac The support from Quicken is also very poor for Mac users.
10 Best Quicken Alternatives For Mac
You are incorrect about online banking. It still works as I still use it everyday. So it is still a viable option. And Quicken still has features that many new software still do not have today…better reporting and manipulation of data.
The Best Personal Finance Software Programs
The fact that the last major release of Quicken for Mac was back in and it took before it supported direct bill payments and that still today it lacks functionality compared to the Windows version, means many Mac users have lost patience and gone for some of the alternatives above. As of mid-October , Quicken no longer is able to download bank transactions. The app gives an error OL which Intuits says is because banks changed their security protocols. Thanks for the update.
Unbelievable that Intuit have removed online payments for the only Quicken for Mac product that actually supported it! That information is incorrect. Yes, there was a problem that took a week or 2 to fix. Most financial institutions now have been fixed. That said, there are several institutions where the problem persists. BUT all of this has been a coincidence. The root problem, in great part, is due to the fact that a hole in the SSL security protocol was found in Sep and many companies updated read…turned off their security protocols which has made them incompatible with Quicken and older.
So at this time, most Quicken users are ok again, though some still experience some problems. So YMMV. Quicken has filled in the gap…there are still many shortcomings with this version that make in impossible for many users to move to this new version, but Intuit at least now has a dedicated team to move the product forward. Only time will tell if they sustain the momentum they have finally achieved.
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I agree with your concerns. That said, I have yet to find an alternative that handles data as well as Quicken , though it still has limitations. A lot of what others offer may look nice, but a lot is stuff I have not significant need. So far, none other can handle my data the way I need it. At least recently, Intuit hired a new team to work on making significant updates to Quicken for Mac.
Hopefully they will deliver. Seeing behind the scenes being involved with beta testing they have a lot of good stuff planned AND in the works. Only time will tell. For now, Quicken still is the best option for me. It may still be for others too. And since it is still available, though not widely publicized, it should still be presented as a viable option, with caveats. We look forward to seeing the beta.
The primary issue is that when a payment or expense is specified in a Split, reports only show the containing transaction. To me, it makes it unusable. Thanks for the feedback Jonathan. The reporting features in Banktivity can sometimes involve a lot of clicking around to drill down data. Something that should be pointed out is how some of these apps are making money. You find that out really quick with telemarketing calls from Personal Capital. Others are making money off of selling your data to the highest bidders if you read the fine print.
I appreciate you guys taking the time to review the functionality of these different apps.