Quicken: - you will need to download your transactions from the bank or financial services site and import them into Quicken. Very manual process. There is an alternative which will automatically pull the transactions into Quicken but the bank will most likely charge for it. Oct 15, 2017 For those with a Mac looking for software, Banktivity is an excellent choice. Much like Quicken, you can connect bank accounts, credit cards, mortgages, and even investment accounts. ![]() About Quicken is a desktop application you install locally on your Windows or Macintosh computer. It’s the “grandaddy” of personal finance software, appearing first for MS-DOS and Apple II (remember them?) back in 1983. Times have changed, and now Quicken has multiple versions of its application — from Window and Mac to apps for the iPhone, iPad and Android. Quicken’s desktop software can sync up with the mobile app. But changing times have also brought a changing playing field for these types of applications. Whereas Quicken was once the only game in town, now it faces stiff competition from a number of alternative players, including Mint. Social media buttons for website. Quicken can help you keep track of your money, pay bills and set — and — keep budgets. It can even help you manage your investments and — in a new feature — track the value of your home. However, it’s not without its faults. I once used Quicken every day, but now I’ve found that there are much easier and more reliable apps for day-to-day use. Aperture software for mac reviews. However, when it comes to comprehensive financial management, none of these smaller apps have all the features of Quicken. However, Mint makes for a worthy opponent. About Mint is a free online-only personal finance app. It is a cloud-based service, and you can access Mint via any web browser or mobile app on your iPhone or Android smartphone. The Mint app was started in 2006 and was acquired by Intuit in 2009. While Quicken used to be Intuit’s lead product, Mint has become their sole focus since announcing the sale of Quicken. The platform incorporates all of your financial accounts — bank, investment, credit cards and loans — in one place and provides a big-picture view of your entire financial situation. At initial setup you can add all of your accounts in a pretty seamless download process. After downloading and syncing your transactions, Mint’s software automatically separates them into predefined categories. While you can’t modify the top-level categories, you can create and add your own subcategories. Once set up, Mint will remember repeating transactions so it will automatically match the same category in the future. With Mint, every time you visit the site, your financial data gets updated automatically. The software presents your financial information in a slick easy-to-use web interface, with information and pretty graphs on a user-friendly dashboard. Jump down to the respective section to get the information you need. Features Unique to Quicken • Reconcile Bank Statements — Quicken allows you to check your recorded transactions against your current bank statement. Think of this as the online version of balancing your checkbook. • Data Stored Locally — Quicken keeps your data on your own computer, so you don’t need to worry about it being unsecured in the cloud. • The Inspector — This feature allows you to see summary information about your budget, as well as provide quick options. It will let you know, for example, whether or not you’ve budgeted enough for an upcoming expense. • Retirement Planning — Quicken has functionality to help with setting and meeting your retirement saving goals. • Tax Reporting — With Quicken you can either directly import into services like TurboTax, or generate tax reports to hand over to your accountant. • Bill Payment — You can pay your bills with Quicken, whereas Mint no longer offers this functionality. Features Unique to Mint • Alerts via email or SMS — Mint will alert you about pending bills and fees that hit your accounts and will suggest ways to save money on transaction fees. • Credit Score Tracking — View and monitor your credit score, account usage, payment history and errors at a glance. • Investment Tracking — Mint offers investment tracking although it’s okay at best. If you’re more of a buy-and-hold than active investor, the investing section offered by Mint may be all you need. Is a possible alternative that offers better investment tools. ![]() • Net Worth Report — Mint and displays that figure prominently at the top of your account. • Apple Watch — Mint is accessible via an Apple Watch. The Comparison of Mint and Quicken We break down the comparison into these categories: Budgeting, Synchronization, Cost, Customer Service and Education, Security, and Mobile Access. Budgeting Both apps are stellar at budgeting. You know where your money is going and can manage your finances well with either one. Both services are versatile enough for any budgeter to stop over-drafting, set up a systematic way to pay off credit card debt, set up savings and manage your spending. Plus get alerts for unusal activity.
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