Both are now online services and compatible across all the devices you might choose to use. I’m now interested in going back to Quicken and this review helps a little. That fact might leave you wondering how Mint makes money. The biggest difference between Quicken and QuickBooks is that Quicken is designed for personal finances, whereas QuickBooks is designed specifically for small businesses. From our testing, we've had better customer service with Personal Capital and YNAB. I’ve been using Quicken for Windows and Mac since the 1990s. Mint also sells the aggregate (not your individual) financial data to various providers. If cost is your primary factor in choosing, then this comparison is an easy one. You’ll also find banner ads in various parts of the website, which provide revenue. The fix was for me to buy an older version on E-Bay and run it. It's a minor irritant but does not take over the screen. Goodbudget also uses the envelope system of budgeting, so it’s very similar to ED. The most important reason people chose Simplifi is: Just wish I didn’t have to give them more money just to see if it has improved to my satisfaction yet. The data is collected anonymously and does not refer back to any individual user. Quicken offers a robust budgeting tool that has greatly benefited from recent improvements. Quicken's user interface is outdated, unintuitive (yeah, despite being built by Intuit!) The information on Investor Junkie could be different from what you find when visiting a third-party website. Intuit itself offers a simpler, more basic alternative to Quicken in Mint, which it acquired in 2009. 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. Based on issues with both products, I cannot recommend either product as superior in customer service. Once set up, Mint will remember repeating transactions so it will automatically match the same category in the future. Makes sense to them! However, when it comes to comprehensive financial management, none of these smaller apps have all the features of Quicken. Investor Junkie is your shortcut to financial freedom. When OPM is hacked, do you really think that Intuit is bullet proof? After downloading and syncing your transactions, Mint’s software automatically separates them into predefined categories. Larry, you are sorta correct. I will agree that for the novice, Intuit makes it easier but it is still not difficult. Mint is full of ads. Can I get monthly and annual profit and loss and balance sheets and month to month and yearly comparisons with MINT? Quicken is an old school desktop software, which can't be accessed using your mobile device or a web browser. Don’t requester and never link to either Quicken or Intuit! We know that managing finances is not easy. Another thing I miss with Quicken (compared to Mint) is that I cannot accurately track paychecks. Mint allows tags, so I created a ‘Reconciled’ tag, which displays on each transaction as a checkbox. My computer is 1 year old with 32 GB RAM, 1 TB hard drive C (118GB used, programs only). While you can’t modify the top-level categories, you can create and add your own subcategories. It's app is great and allows me to track spending very well. I then check the tag when I have reconciled the line item. 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. Helping make finance easy. Quicken retails $39.95 to $119.95 (we list the latest Quicken promotionson our site). Quicken retails $39.95 to $119.95 (we list the latest Quicken promotions on our site). I have been using Quicken since Quicken 4 and I don’t hve much complains up to Quicken 2014 H&B until it can no longer download from banks. 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. 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. 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. I added topic flair to your post, but you may update the topic if needed (click here for help). Personal Capital – free financial dashboard plus wealth and retirement planning 2. They are both owned by Intuit but Intuit has announced they are looking to sell off Quicken. Mint is cloud-based, rather than a standalone software program. ... Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email Link. You need to buy a separate Quicken for each country. However, Quicken's pricing can be off-putting, especially to Millennials who just want a quick, free app to handle simple personal finance functions. Capital. 3 TB internal Hard Drive E for data (2 TB used), and Windows 10, 64-bit. He currently resides in Long Island, New York, with his wife and three children. 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 $70 to upgrade to 2014 in order to download transaction data. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. Your email address will not be published. IF I can find a better solution, Quicken will be dropped. And both have been around long enough that they’re viable options to choose between for basic budgeting. I don’t like the idea of having to give up account logins and passwords to get the data picked up by any of the services. Simplifi by Quicken is a web-based personal finance manager that gives consumers fast, easy access to their financial accounts, including a real … I've used quicken but keeping it up to date is a pain in the neck. That function broke badly in 2014 and Intuit had no interest in addressing (probably because they were selling Quicken and didn’t really care about details). The platform incorporates all of your financial accounts — bank, investment, credit cards, and loans — in one place and provides a big-picture view of your entire financial situation. Both platforms provide automatic synchronization of your bank, credit card and loan accounts with many financial institutions. On top of crashing, the program can no longer do Copy/Cut/Paste for “Payee” and “memo” in both Setup choices, and there is a Shrinking space problem in the “Replace with” in the “Find & Replace” that prompted me to search for an alternative program. Both apps are very user-friendly when you’re on the go. If Mint were the same price as the base Quicken product (40$/12=3.33$ per month) I would definitely be willing to buy it if it removed the ads. Looks like you're using new Reddit on an old browser. It’s not that good! All products are presented without warranty. Investor Junkie strives to keep its information accurate and up to date. Although Quicken does include a handful of business finance capabilities within the Home & Business version of their software, these features are largely meant to accommodate professionals with side businesses or … I tried Mint and at the same time experienced a break-in on one of my credit cards. Quicken can help you keep track of your money, pay bills and set — and — keep budgets. You might be wondering how Mint makes money. However, it's not without its faults. I run a spreadsheet to track net worth and have another organization that allows me to enter assets manually. Hopefully, the app's new owners will address the problems that so many customers have complained about. Not only does Mint seem to have a lot of disruptive issues, but they also seem to have a bad reputation for not fixing the synchronization issues in a timely fashion. It did not go well. 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. 3. You Need a Budget – a better budgeting methodology and education 3. 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