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Software for personal finance
Now that MS Money is going away, what are the best competitive options?

I'm looking for some good personal budgeting software. Thus far I've been using a series of Excel spreadsheets and it's a bit tedious.

I looked into Mint.com, it looks neat, but I a) live in Canada, b) am concerned about security

So are there any suggestions?

Other info, I am currently running Windows XP

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mint is fine from a security perspective. It uses the same security package that most banks use for their online banking sites. – EBGreen Aug 24 '09 at 18:43
I guess Nathan was also hinting towards the question whether mint.com itself could be trusted. – innaM Aug 24 '09 at 18:50
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@EBGreen, Manni is correct, I didn't do a lot of research into it as I got stymied because of country, but I'm loathe to give out banking passwords regardless of the reputation of the company – Nathan Koop Aug 24 '09 at 18:58
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and this I guess superuser.com/questions/2769/… – Nathan Koop Aug 24 '09 at 19:25
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closed as exact duplicate by MicTech, hyperslug, fretje, Jeff Atwood Aug 25 '09 at 8:37

This question covers exactly the same ground as earlier questions on this topic; its answers may be merged with another identical question. See the FAQ for guidance on how to improve it.

10 Answers

up vote 4 down vote accepted

Note: Wesabe discontinued their support for financial tools as of July 31, 2010


Check out Wesabe -- it's an online service similar to Mint.com, but addresses both of your concerns:

a) I live in Canada.

See this short review and also this thread on Wesabe's forums, particularly the post from a Wesabe employee noting that they have more Canadian users than any other country other than the US.

b) I am concerned about security.

One of the unique features of Wesabe (as compared to Mint.com or Quicken Online) is that it allows you to use an uploader tool to upload your financial data to the site, so that they don't have access to any of your account security information. See this page for more info: https://www.wesabe.com/page/security

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It was great until the redesign, now it is painfully slow. – vava Aug 25 '09 at 8:25
I've decided to open a Wesabe account, it looks pretty cool – Nathan Koop Aug 29 '09 at 18:43
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From my experience, Mint.com and Quicken Online (free) are about as safe as they get.

Quicken for windows is good from what I have heard.

GNU Cash is a free alternative, but it feels uncooked and rough round the edges. I had to dump it after a few uses.

Unfortunately I am not aware of any other decent freeware or open source alternatives. I might just hack together one of my own :P

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GNUCash always struck me as more of a power user's kind of financial application: highly functional at the expense of being pretty. – David Zaslavsky Aug 24 '09 at 20:40
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Quicken and Quickbooks by Intuit are top-selling standards of accounting software.

They provide free and online versions.

Quicken is geared towards personal finances while Quickbooks is geared more towards businesses. Personally, I prefer to use Quickbooks, even for my personal finances but it has a bit more of a learning curve.

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Before using Mint, I used Moneydance. It's Java based, so platform independent. Does the job great, has an extensible plugin architecture (if you're that way inclined), has budgeting functionality etc. The thing it doesn't (yet) do is automatic categorisation, and being lazy, that's what I was looking for.

Still, I did find it worth paying for, and there's trialware available.

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I use Excel... Ok, I have to write some formulas by hand, but this done exactly what I want, not what designers thought...

So Excel spreadsheet are for people who want to have simple tool (Excel is not simple, but you probably won't be building a full scale app in Excel) and like to customize a lot.

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I've used YNAB Pro for several years, and I'm very happy with it.

There is a learning curve involved with it, but there are video tutorials on the site which are very helpful.

With this software, my wife & I went from having no budget & barely squeaking by to being in solid control of our money & being able to sock away some savings each month.

You can find out more info from here.

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I used GnuCash for a while and was generally happy with it. I've recently switched to mint.com, but I would still recommend checking it out.

Regarding GnuCash, there were definately strong and weak areas...

Pros:

  • Free
  • Very configurable
  • Good taxable account support
  • Investment account
  • Full Double-entry system

Cons:

  • Ugly
  • Slow learning curve
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The pros and cons you list are for GnuCash right? It is a little ambiguous right now. – EBGreen Aug 24 '09 at 18:47
Correct, hopefully I've clarified that now... Thanks. – chills42 Aug 25 '09 at 13:19
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My cousin works for this company. I think it is very reputable company.

http://quicken.intuit.com/

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I have always heard good things about Quicken, I use it with my tax software. I honestly do not remember if they have a flavor for Canada taxes as well, been a while since I lived up there.

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Money Manager Ex is a simple and easy to use that works on Windows and Linux. It uses sqlite as its database.

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