There are other great options like Personal Capital , using your own custom spreadsheet or good old fashioned pen and paper – but Mint vs YNAB is one of the biggest rivalries in budgeting. I’ve been using Quicken for Windows and Mac since the 1990s. Mint vs. YNAB. Please contact the moderators of this subreddit if you have any questions or concerns. You might be wondering how Mint makes money. Quicken offers a robust budgeting tool that has greatly benefited from recent improvements. I have heard this complaint from many people and contacted Quicken about the change. With traditional Quicken software, all of your information is stored right on your computer. However, when using the application's online features, Quicken uses the following to safeguard your info: Mint also is concerned about the security of your personal and stored information. I’m now interested in going back to Quicken and this review helps a little. Net Worth Trackers: Apps & Tracking Services, Cashback Rewards: How to Earn Extra Money With Rewards Apps, Both provide a program that lets you know exactly where you are spending money in an easy-to-understand, graphical format, Both software platforms allow you to link your accounts (bank, credit cards, loans, etc.) Investor Junkie has advertising relationships with some of the offers listed on this website. The information on Investor Junkie could be different from what you find when visiting a third-party website. Each provides budgeting, enabling you to know how and where your money is being spent. They are both owned by Intuit but Intuit has announced they are looking to sell off Quicken. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. you will need to download your transactions from the bank or financial services site and import them into Quicken. IF I can find a better solution, Quicken will be dropped. Please start a New Thread if you're having a similar issue. Not a really great computer security thing to have to do. Helping make finance easy. Personal Capital won't be as robust as Mint in the budgeting department but it has far better wealth building and investment tools. While there are differences in the display of your information, it really comes down to the personal preference of which one appeals more to you as a user. fun fact: Intuit was offering a Quicken Online that was much like Mint but was getting it's butt kicked in adoption. If so how? 3 TB internal Hard Drive E for data (2 TB used), and Windows 10, 64-bit. Quicken allowed me to track everything in my paycheck – including those details most people never look at – like how much in taxes were withheld, etc. Mint makes money in a few ways: will update accounts automatically and pull in your transactions when you log in and nightly. Your email address will not be published. Quicken is typically discounted that amount from the retail price. The information on Investor Junkie could be different from what you find when visiting a third-party website. For more information, please read our. Since I don’t track my investments with Quicken, I don’t use that feature; if I did, I’d probably enjoy it a bit more, and put up with the recent problems. They now require 2016 (later updates) and later to run all data through Intuit telling folks that is the only way to update data. That makes them a less than whole solution and I suspect Mint and Quicken would have the same issues. We may, however, receive compensation from the issuers of some products mentioned in this article. For more information, please read our. OH, Yes, and I would need to locate the back up from my 2010 version, load that into the later software and then manually enter six months of data into the old version since quicken 2015 cannot communicate with 2016. Quicken then moved its Quicken Online users over to Mint.com, which was already a well-functioning platform for the most part. They do offer free 24/7 technical service via phone (how useful it remains to be seen). There are several ways: When you click on the support button on Mint’s website, there is a list of common questions and issues you can scroll through. Recent updates on the Windows version have resulted in the creation of duplicate QDF files which won’t work with Quicken Mobile. As in earlier years, I had found lower prices for Quicken at retailers -- even allowing for the $10 discount -- than if I bought directly from Intuit. Must not be great sales as they are up to a 40 percent off offer. They do this by enabling you to New features are rarely added and the interface hasn't changed in years. I then check the tag when I have reconciled the line item. Save my name, email, and website in this browser for the next time I comment. The problem with it is that Quicken abandoned their QIF file format and I got FORCED buy the 2016 version or I could no longer download my financial files from my bank. EveryDollar vs Goodbudget. They are apparently both owned by intuit? The data is collected anonymously and does not refer back to any individual user. Security is an important issue for anyone using a personal financial program since your entire financial life could be exposed. You’ll also find banner ads in various parts of the website, which provide revenue. If you want a service that's available online via a web browser or app, Mint is a better service for that purpose. I hate the 2017 Quicken because the budgeting was changed from previous software versions. Things like: consumer spending, the average credit card balance, how many retirement accounts a user might have, etc. This online budget tool enables you to link bank accounts, credit cards, loans, and investment accounts. If you cannot use the automatic methods to download your information pretty much every financial institution supports the open standard. I should add that I have used Quicken since the mid-1980’s. If Mint were the same price as the base Quicken product (40$/12=3.33$ per month) I would definitely be willing to buy it if it removed the ads. They also offer educational resources that help you get a better handle on how you’re spending money so you can identify areas where you can save. I have been a user since at least 1993. Back in the ’90s, I helped create some of the first financial websites for firms like Chase, T. Rowe Price, and ING Bank, and later went on to work for Nomura Securities. Mint is free to use, and there are no hidden fees. The upshot of all this is I am just one of thousands of dissatisfied ex-customers. While Quicken used to be Intuit’s lead product, Mint has become their sole focus since announcing the sale of Quicken. Between just these two services, we would have to pick Quicken over Mint (Even though I've switched to Personal Capital). Quicken vs. Mint – Which Is Better at Managing Your Money? GoodBudget – support envelope budgeting methodology 8. I hope someone comes up with an alternative. I don't know if/how much that will matter eventually but FYI. My computer is 1 year old with 32 GB RAM, 1 TB hard drive C (118GB used, programs only). Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. As for Mint, its simplicity and more “bare bones” approach are becoming more and more attractive, though I hesitate to completely switch over due to its lack of a reconciliation feature. Then if I don’t update each three years, the software will no longer import my data. Press question mark to learn the rest of the keyboard shortcuts. Goodbudget also uses the envelope system of budgeting, so it’s very similar to ED. On top of crashing, the program can no longer do Copy/Cut/Paste for “Payee” and “memo” in both Setup choices, and there is a Shrinking space problem in the “Replace with” in the “Find & Replace” that prompted me to search for an alternative program. Whereas Quicken was once the only game in town, now it faces stiff competition from some alternative players, including Mint. Personal Capital was founded in 2009 and now has over 2 million users and manages over $9 billion in assets. Whereas with Mint you cannot enter any transactions if synchronization breaks. I had avoided action because when I upgraded from Q2011 to Q2014, Quicken recalculated all past investment transactions, a significant number incorrectly. They offered consumers better options than Quicken Online, and for cheaper. Sadly, my experience has gotten worse and worse, especially recently, which might coincide with Intuit’s sale of Quicken. Don’t requester and never link to either Quicken or Intuit! I'm sticking with Mint until something else comes along that is as hands off as Mint, makes some sort of significant improvement and is still free. We’ve found Yodlee to be more stable and was once what Mint used before Intuit acquired them. Simplifi by Quicken is a web-based personal finance manager that gives consumers fast, easy access to their financial accounts, including a real … That is unmitigated hog wash as you can directly connect to any bank and download the same information that Intuit routes to your computer. I tried Mint and at the same time experienced a break-in on one of my credit cards. Simplifi is a new financial services app that offers financial tracking tools to individual consumers. Simplifi is owned by Quicken. Both provide a user-friendly tool to improve your money management skills — and financial future — by helping you budget effectively. But on the other hand it runs on Windows, Mac, and Linux. To see all my un-reconciled entries, I just search on: “-tag:reconciled”, which only shows me items which I need to work on. 1. It can even help you manage your investments and — in a new feature — track the value of your home. PocketSmith – plan your budget and project with confidence 5. “Oh, we can’t do that.” Seems that the return period was three months even though the lock did not kick in until six had passed. We analyze and compare tools to help you make the best decisions for your personal financial situation. Quicken is one of the oldest and best-known money management apps out there. 🙂. However I haven't missed very much since moving to Mint. Or, does anyone know one, free or at a reasonable cost? 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