Response to my specific inquiry from Mint was slow. On top of crashing, the program can no longer do Copy/Cut/Paste for âPayeeâ and âmemoâ in both Setup choices, and there is a Shrinking space problem in the âReplace withâ in the âFind & Replaceâ that prompted me to search for an alternative program. Bob, you’re comment was most helpful-I would say conclusive. This online budget tool enables you to link bank accounts, credit cards, loans, and investment accounts. You can trust the integrity of our balanced, independent financial advice. The data is collected anonymously and does not refer back to any individual user. I just signed up for Mint and, day one, hour one, minute one — it couldn’t link/synch to the first two bank accounts I tried (and they are major banks!) As has been reported by many comments on Investor Junkie, their phone support is more than useless for all but for the simplest of issues. I want to see both the gross and the net pay. Larry, you are sorta correct. Mint is only good if … 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. Why It Is a Better Alternative to Quicken: In a showdown of Mint vs. Quicken, I’d go with Mint. Key site security measures: We believe Quicken's local data storage makes it superior when considering security protection. Some are splits, but still a ton of well categorized information with little effort on my part and none on my wife's. So to answer your question – I’m decidedly on the side of Quicken – specifically the Quicken that used to work properly. Simplifi is a new financial services app that offers financial tracking tools to individual consumers. Join our community, read the PF Wiki, and get on top of your finances! He currently resides in Long Island, New York, with his wife and three children. I don't know if/how much that will matter eventually but FYI. One problem with the modern Quicken, it’s useless for people who live in two different countries (say, the US and Canada). There’s no charge to use it. There is an alternative which will automatically pull the transactions into Quicken but the bank will most likely charge for it. Quicken Online Vs. Mint Quicken Online Votes: 0 0.0% Mint Votes: 0 0.0% Other Votes: 1 100.0% Total voters 1; Status This thread has been Locked and is not open to further replies. 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. Can I get monthly and annual profit and loss and balance sheets and month to month and yearly comparisons with MINT? But on the other hand it runs on Windows, Mac, and Linux. Simplifi is owned by Quicken. If you need help with investments, Personal Capital is far superior. I have been using Quicken since Quicken 4 and I donât hve much complains up to Quicken 2014 H&B until it can no longer download from banks. Personal Capital – free financial dashboard plus wealth and retirement planning 2. Does mint handle investment accounts etc? The solution is to go to the 2014 version of Quicken and never give the bastards a nickel for an upgrade. Their interfaces and features are pretty similar. Investor Junkie has advertising relationships with some of the offers listed on this website. While you canât modify the top-level categories, you can create and add your own subcategories. All products are presented without warranty. Too much trouble! As I discussed in my reviews on Mint and YNAB, financial trackers can help you get a be… Based on issues with both products, I cannot recommend either product as superior in customer service. First and foremost, Mint is one of the few completely free Quicken alternatives, so it doesn’t hurt to try it. One thing I REALLY liked about Quicken that seems to never be discussed anywhere is that I can save ALL of my scanned and downloaded bills, receipts, and other documents and attach them to relevant transactions. Goodbudget also uses the envelope system of budgeting, so it’s very similar to ED. Personal Capital won't be as robust as Mint in the budgeting department but it has far better wealth building and investment tools. Mint has no manual entry for paycheck and only registered the net payment. I use it mainly for catergorize the income, expenses, investment (few hundred transactions a year, although now I can download directly from the TradeStation into the TurboTax), Schedule C and E and import them into TurboTax. PocketSmith – plan your budget and project with confidence 5. Plus, you can access your personal finances wherever you are with CountAbout because of its cloud-based solution that is compatible with iOS and Android devices. I have Quicken 2014, and my question is whether to upgrade to Q 2017, particularly with Intuit’s 3-year cycle of forced upgrades. In the Personal Capital vs Mint competition, both services offer a great set of tools completely free. 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. Larry Ludwig was the founder and editor in chief of Investor Junkie. Quicken can help you keep track of your money, pay bills and set — and — keep budgets. However, Mint is completely free. Synchronization is an area where Quicken is somewhat better than Mint, though because it uses Intuit's online services, it may have similar synchronization issues. You can sign up for premium acce… Quicken offers a robust budgeting tool that has greatly benefited from recent improvements. 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'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. If cost is your primary factor in choosing, then this comparison is an easy one. I didn't bite. and import transactions automatically, synchronizing your entire financial picture in one place, Changes made to your account on any device (smartphone, desktop, tablet, laptop) automatically carry over to other devices youâre using, Both Quicken and Mint offer mobile support via Apple iOS and Google Android, Both Mint and Quicken allow you to monitor your credit score, Find out whatâs happened in the past week with your finances. I used Quicken for 3 years, and then switched over to Mint when Quicken said they were going to shut down the prior Quicken version I was using (2010) and I would be forced to pay $70 to upgrade to 2014 in order to download transaction data. For example, as I write this, Amazon is offering Quicken 2015 Deluxe for $42.41 and Staples for $44.99, while the Quicken … Look for Direct Connect charges when researching. Investor Junkie is your shortcut to financial freedom. Back in the â90s, 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. I will agree that for the novice, Intuit makes it easier but it is still not difficult. If you want a service that's available online via a web browser or app, Mint is a better service for that purpose. 2. You were too kind! KMyMoney. Both Mint and Quicken are designed to show you how and where you spend your money. 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. You cannot download your transactions from financial institutions on both countries. In too deep to change now. While Mint supports a large number of banks and financial services, it also seems to have a lot of technical problems with synchronization. Don’t requester and never link to either Quicken or Intuit! will update accounts automatically and pull in your transactions when you log in and nightly. Quicken has had a notorious history of poor customer service. 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. I have to just make sure that any receipts (specifically for big ticket items) are stored elsewhere. All products are presented without warranty. mint vs ynab Two of the biggest budgeting apps out there are Mint by Intuit (the creators of Quicken) and YNAB , short for “You Need a Budget”. For more information, please read our. If you specifically need help with budgeting, Mint is best. I like “free”, but I want to access and update my information on MY timeline and not theirs. ð. I have reduced my .QDF size from 660MB to 588MB by deleting some accounts. Both apps are very user-friendly when youâre on the go. Quicken is typically discounted that amount from the retail price. Personal Capital was founded in 2009 and now has over 2 million users and manages over $9 billion in assets. Mint.com and Credit Karma are two popular personal finance apps that have a few similarities, but a number of key differences. Readers: Which platform do you prefer between the two? It did not go well. Then I read your âQuicken vs. Mint â Which Is Better at Managing Your Money?â which answered my question. The upshot of all this is I am just one of thousands of dissatisfied ex-customers. Mint is no longer in active development. It's been through a number of iterations over the years, moving from desktop to online. I’ve been using Quicken for Windows and Mac since the 1990s. I had 1336 transactions in 2015. Quicken is one of the oldest and best-known money management apps out there. Makes it so much easier for me to have a single place I can go whenever I need to reference financial info. ... Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email Link. Software really seems to be moving toward subscription based purchasing, so I could definitely see Quicken forcing users to migrate sometime soon. But, there’s no free version. Plus get alerts for unusual activity. Mintâs budgeting software is also easy to use and visually appealing. Can Mint download information into any of the tax programs? I really don't think I would mind all that much. Spotty customer service seems to be a recurring experience of users who post on their website forum. You can see a comparison of Mint vs. YNAB is a small, privately held company that offers personal budgeting software. I had avoided action because when I upgraded from Q2011 to Q2014, Quicken recalculated all past investment transactions, a significant number incorrectly. On this list, the best free alternatives to Quicken are Personal Capital and Mint (if you don't mind ads). 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 strives to keep its information accurate and up to date. Makes sense to them! Both are now online services and compatible across all the devices you might choose to use. There are several ways: 1. Although I would like to change from Quicken! Mint is not a product, but you are the product whose data Mint sells to make money. I then check the tag when I have reconciled the line item. Then if I don’t update each three years, the software will no longer import my data. Intuit itself offers a simpler, more basic alternative to Quicken in Mint, which it acquired in 2009. Mint offers “ways to save” by recommending various financial services from which they get a referral fee. Intuit (owner of Quicken) has introduced a new feature to Quicken. The most important reason people chose Simplifi is: Quicken has much more functionality and can grow with you over time. I'm sure it would handle a taxable account also. If you canât find the answer to your question, you can either email the team or hit the chat button for online help. At one time Intuit owned both services, but in 2015 they decided to sell Quicken to the private equity firm H.I.G. New features are rarely added and the interface hasn't changed in years. We analyze and compare tools to help you make the best decisions for your personal financial situation. For more information, please read our. Times have changed, and now Quicken has multiple versions of its application — from Window and Mac to apps for the iPhone, iPad, and Android. 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. It's app is great and allows me to track spending very well. Quicken's user interface is outdated, unintuitive (yeah, despite being built by Intuit!) Quicken is an old school desktop software, which can't be accessed using your mobile device or a web browser. (I suppose they get a cut.) I have tried Personal Capital, and while useful, they are unable to import data from some of my financial institutions due to formatting issues. As it stands, though, I see myself leaving Quicken completely and moving over to Mint, regretfully. Each provides budgeting, enabling you to know how and where your money is being spent. I haven’t had any of the sync issues noted… and I have dozens of accounts that sync regularly. 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. But my Quicken 2017 H&B crashed 3 times this morning and few more times in the past week. They do this by enabling you to Mint.com isn’t for everyone, and you do make some great points about the limitations of each system (Quicken vs. Mint.com vs. Yodlee). Whereas with Mint you cannot enter any transactions if synchronization breaks. I currently use Mint, but i am considering switching to Quicken. Lastly, If synchronization breaks with Quicken, nothing prevents you from manually entering your journal entries. One thing that can be done for future transactions on Mint.com is you could enter some “cash” transactions that occur at some date in the future (i.e. With Personal Capital I could upload and save my documents but not attach them to transactions. To see all my un-reconciled entries, I just search on: “-tag:reconciled”, which only shows me items which I need to work on. With Mint there’s no option to save anything anywhere. Capital. Between just these two services, we would have to pick Quicken over Mint (Even though I've switched to Personal Capital). Mint is free to use, and there are no hidden fees. Save my name, email, and website in this browser for the next time I comment. Both platforms provide automatic synchronization of your bank, credit card and loan accounts with many financial institutions. They are both owned by Intuit but Intuit has announced they are looking to sell off Quicken. you will need to download your transactions from the bank or financial services site and import them into Quicken. 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. I was not happy Quicken forced a shut down after only 4 years of owning the software, and was wary they might do the same in the future. Hopefully, the app's new owners will address the problems that so many customers have complained about. Recent updates on the Windows version have resulted in the creation of duplicate QDF files which won’t work with Quicken Mobile. They do offer free 24/7 technical service via phone (how useful it remains to be seen). 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. I can no longer select accounts to use with budgeting so it makes the program useless to me. Also, EveryDollar’s interface is less clunky that Goodbudget’s. First article I read was âQuicken Alternatives â Is There Anything Better?â which didnât give me the answer I was looking for. I even switched from TurboTax after thirty plus years and now use TaxAct for half the price. You might be wondering how Mint makes money. 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. Quicken retails $39.95 to $119.95 (we list the latest Quicken promotionson our site). If so how? I am a bot, and this action was performed automatically. But as others have noted, the business model of Quicken — now a product of Quicken Inc; Intuit sells Mint and Quickbooks — was my main reason to switch, and also every so often I need to try something new to exercise my gray cells. They don’t seem to want to change it back to how it used to work! He graduated from Clemson University with a bachelor of science in computers and a minor in business. Mint is free to use, and there are no hidden fees. I used Quicken for 3 years, and then switched over to Mint when Quicken said they were going to shut down the prior Quicken version I was using (2010) and I would be forced to pay $70 to upgrade to 2014 in order to download transaction data. Youâll also find banner ads in various parts of the website, which provide revenue. Or, does anyone know one, free or at a reasonable cost? Mint makes money in a few ways: GoodBudget – support envelope budgeting methodology 8. Quicken retails $39.95 to $119.95 (we list the latest Quicken promotions on our site). “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. Just my two cents about reconciling transactions. Since mid 2016, the management of Quicken has decided that all software must register with Intuit or be locked. Quicken – Old but powerful if you can make it work 6. Investor Junkie has advertising relationships with some of the offers listed on this website. Together, they’re one of the world’s largest financial software providers. Then I read that they often have synch problems and don’t seem interested in fixing them — that’s a complete non-starter for me. Since I control those, it is safer than sharing all the login data with third parties. I never trusted Mint again although I can’t guarantee it was due to them. I used Quicken for 20 years, finally giving it up in 2016 for a range of reasons most notably because it kept crashing. Personal Capital (Free) Personal Capital is the best personal finance software for Mac and best of all, unlike Quicken it’s actually free to use.. Looks like you're using new Reddit on an old browser. Therefore, we recommend Quicken over Mint in this category, though from our testing have had a better experience with Personal Capital synchronization. I tried Mint and at the same time experienced a break-in on one of my credit cards. Your email address will not be published. Mint is full of ads. 3. We may, however, receive compensation from the issuers of some products mentioned in this article. They are apparently both owned by intuit? Just wish I didn’t have to give them more money just to see if it has improved to my satisfaction yet. The software presents your financial information in a slick easy-to-use web interface, with information and pretty graphs on a user-friendly dashboard. However, when it comes to comprehensive financial management, none of these smaller apps have all the features of Quicken. Mint offers âways to saveâ by recommending various financial services from which they get a referral fee. 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. Both are excellent budgeting apps and comparable to each other in most ways. Sadly, my experience has gotten worse and worse, especially recently, which might coincide with Intuit’s sale of Quicken. In addition, with Quicken (and previously with Intuit) there would be many software upgrades of the product to fix various bugs that in some cases should have been resolved before releasing the new version. 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I haven ’ t had any of the offers listed on this website moving! From manually entering your journal entries should add that I have been around long enough that theyâre viable to!