One problem with the modern Quicken, it’s useless for people who live in two different countries (say, the US and Canada). Mint offers “ways to save” by recommending various financial services from which they get a referral fee. It's app is great and allows me to track spending very well. Since I control those, it is safer than sharing all the login data with third parties. They do this by enabling you to I hope someone comes up with an alternative. They are both owned by Intuit but Intuit has announced they are looking to sell off Quicken. Both provide a user-friendly tool to improve your money management skills — and financial future — by helping you budget effectively. Personal Capital (Best Personal Finance Tools Compared to Quicken) I don’t like the idea of having to give up account logins and passwords to get the data picked up by any of the services. If you want a service that's available online via a web browser or app, Mint is a better service for that purpose. The most important reason people chose Simplifi is: So in 2009, Intuit announced its $170 million acquisition of the still-popular financial management platform Mint.com. Call me old fashion, but I have a strong preference for entering my own financial data and balancing my own accounts, but it is had to do with locked software! For Quicken and Mint users, CountAbout provides an alternative by seamlessly integrating with both so you avoid the worry of losing any transaction history. Mint is only good if … And both have been around long enough that they’re viable options to choose between for basic budgeting. (I suppose they get a cut.) But on the other hand it runs on Windows, Mac, and Linux. Therefore, we recommend Quicken over Mint in this category, though from our testing have had a better experience with Personal Capital synchronization. After six months, the software locked until I registered. Essentially to use them, you are breaking the agreement you have with your financial agency about not sharing your login and PW data with a third party. Intuit (owner of Quicken) has introduced a new feature to Quicken. Personal Capital offers two services, a paid version that acts more like a robo-advisor for clients with over $200K in investment assets and a free one that can be used by anyone. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. When comparing Mint vs Simplifi, the Slant community recommends Simplifi for most people.In the question“What are the best mobile finance tracking apps?”Simplifi is ranked 2nd while Mint is ranked 4th. Net Worth Trackers: Apps & Tracking Services, Cashback Rewards: How to Earn Extra Money With Rewards Apps, Both provide a program that lets you know exactly where you are spending money in an easy-to-understand, graphical format, Both software platforms allow you to link your accounts (bank, credit cards, loans, etc.) “Oh, we can’t do that.” Seems that the return period was three months even though the lock did not kick in until six had passed. They now require 2016 (later updates) and later to run all data through Intuit telling folks that is the only way to update data. I run a spreadsheet to track net worth and have another organization that allows me to enter assets manually. As previously mentioned, Quicken will go out of date every 3-4 years and they may force you to upgrade to a newer version to "take advantage of the latest features and security updates". Let's talk about the history of each service first. For more information, please read our. Quicken offers a robust budgeting tool that has greatly benefited from recent improvements. I'm sticking with Mint until something else comes along that is as hands off as Mint, makes some sort of significant improvement and is still free. That makes them a less than whole solution and I suspect Mint and Quicken would have the same issues. Since I don’t track my investments with Quicken, I don’t use that feature; if I did, I’d probably enjoy it a bit more, and put up with the recent problems. If Mint were the same price as the base Quicken product (40$/12=3.33$ per month) I would definitely be willing to buy it if it removed the ads. I currently use Mint, but i am considering switching to Quicken. KMyMoney is a member of the KDE family of applications and touts three main goals: accuracy, which is of the utmost importance for a financial tool; ease of use, to ensure you start and keep using it; and familiar features, designed to made KMyMoney a simple transition if you are coming over from one of its proprietary alternatives.. To achieve these goals, KMyMoney hosts a … Why It Is a Better Alternative to Quicken: In a showdown of Mint vs. Quicken, I’d go with Mint. As it stands, though, I see myself leaving Quicken completely and moving over to Mint, regretfully. Larry Ludwig was the founder and editor in chief of Investor Junkie. They do offer free 24/7 technical service via phone (how useful it remains to be seen). If cost is your primary factor in choosing, then this comparison is an easy one. There is an alternative which will automatically pull the transactions into Quicken but the bank will most likely charge for it. If you need help with investments, Personal Capital is far superior. I have Quicken 2014, and my question is whether to upgrade to Q 2017, particularly with Intuit’s 3-year cycle of forced upgrades. Touch ID sensor for iOS: This quickly reads your fingerprint and unlocks your phone, allowing you quick access to the Mint.com app. So it did the smart thing and went and bought the competition. Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers. He graduated from Clemson University with a bachelor of science in computers and a minor in business. I should add that I have used Quicken since the mid-1980’s. EveryDollar vs Goodbudget. The basic features of both platforms are very similar. If you specifically need help with budgeting, Mint is best. However, Quicken's pricing can be off-putting, especially to Millennials who just want a quick, free app to handle simple personal finance functions. If you can’t find the answer to your question, you can either email the team or hit the chat button for online help. New features are rarely added and the interface hasn't changed in years. Once set up, Mint will remember repeating transactions so it will automatically match the same category in the future. We analyze and compare tools to help you make the best decisions for your personal financial situation. Take charge of your finances with Mint’s online budget planner. That is unmitigated hog wash as you can directly connect to any bank and download the same information that Intuit routes to your computer. At the time of this writing, the app is still in beta, but you can still sign up for a free trial account. I'm sure it would handle a taxable account also. Quicken has an old looking interface, but a bit more flexibility with reporting. 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. Their interfaces and features are pretty similar. I don't know if/how much that will matter eventually but FYI. You are now able to get a free credit score, which includes a free summary of your credit report, as well as the factors that are impacting your credit. Just my two cents about reconciling transactions. InvestorJunkie.com© Copyright 2020, All Rights Reserved | Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. It can even help you manage your investments and — in a new feature — track the value of your home. Response to my specific inquiry from Mint was slow. Join our community, read the PF Wiki, and get on top of your finances! Its amazing that there is effectively no competitive product to Quicken. Save my name, email, and website in this browser for the next time I comment. Secure Socket Layer (SSL) technology and encryption to make your information unreadable as it passes over the internet. But changing times have also brought a changing playing field for these types of applications. QuickBooks vs FreshBooks vs Xero vs Quicken Home & Business If you are just starting a business, or even if you've been in business for a while, you need to compare QuickBooks vs Freshbooks vs Xero vs Quicken Home & Business so you can hone in on the software that's most beneficial for you. This online budget tool enables you to link bank accounts, credit cards, loans, and investment accounts. Users can protect their accounts with secure passwords. Some are splits, but still a ton of well categorized information with little effort on my part and none on my wife's. Readers: Which platform do you prefer between the two? You might be wondering how Mint makes money. We’ve found Yodlee to be more stable and was once what Mint used before Intuit acquired them. Mint is free to use, and there are no hidden fees. Too much trouble! Your email address will not be published. We may, however, receive compensation from the issuers of some products mentioned in this article. Also, EveryDollar’s interface is less clunky that Goodbudget’s. It only goes up, not down! I once used Quicken every day, but now I've found that there are much more comfortable and more reliable apps for day-to-day use. Can I get monthly and annual profit and loss and balance sheets and month to month and yearly comparisons with MINT? In too deep to change now. I am very disappointed and will never upgrade using Quicken unless they fix this defect. You can sign up for premium access to your credit report for a small fee. I really don't think I would mind all that much. It's been through a number of iterations over the years, moving from desktop to online. Is there something out there that is MORE STABLE than either of these? You Need a Budget – a better budgeting methodology and education 3. To see all my un-reconciled entries, I just search on: “-tag:reconciled”, which only shows me items which I need to work on. First and foremost, Mint is one of the few completely free Quicken alternatives, so it doesn’t hurt to try it. Typically they don't force you but things just stop working and aren't supported any more, just like your browsers. While Mint supports a large number of banks and financial services, it also seems to have a lot of technical problems with synchronization. I had 1336 transactions in 2015. I hate the 2017 Quicken because the budgeting was changed from previous software versions. I then check the tag when I have reconciled the line item. Quicken is an old school desktop software, which can't be accessed using your mobile device or a web browser. Then I read your “Quicken vs. Mint – Which Is Better at Managing Your Money?” which answered my question. When I found out they had split with Intuit, I bought a 2016 version! The solution is to go to the 2014 version of Quicken and never give the bastards a nickel for an upgrade. Quicken has an old looking interface, but a … I am a bot, and this action was performed automatically. Required fields are marked *. It's a minor irritant but does not take over the screen. I tried Mint and at the same time experienced a break-in on one of my credit cards. It’s not that good! YNAB stands for “You Need a Budget.” The company was founded in 2004 by a husband-and-wife team Julie and Jesse. Don’t requester and never link to either Quicken or Intuit! 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