bobandsherry
Thinks s/he gets paid by the post
- Joined
- Nov 24, 2015
- Messages
- 2,693
I had been down the path with MS Money and having Microsoft just abandoning their base of users. I know, they gave a "sunset" release (I had already moved to Quicken by then), but the sunset lacks such a basic feature to automatically download and update your transactions. With Quicken, oh how easy it is to just click on "Update" each time I run the program and have it automatically update and reconcile my accounts. That's worth the price of admission (about $30-40/yr to pay Quicken to continue to develop and support the software).You need to ask yourself, what type of improvements could they possibly make to a personal software management package? Why go through the hassle of annual upgrades and extortion by Intuit when you can spend that money on other things. It's not a lot of money, but there is absolutely no reason to upgrade so frequently. MS Money was far ahead of Quicken in terms of features back in late 2011 when the Sunset edition was released. In addition to bank account management, I needed a tool for investment portfolio management (Bonds, Stocks, CDs, funds, etc...). MS Money was far better at it. Also the report generation was far better in MS Money. I upgraded MS Money every 8-10 years or so. Right now I see no need to upgrade for a long time unless banks fundamentally change how we do business. The package in its current state has more functions than I use.
There are other features in Quicken that MS Money doesn't have. For example, having the ability to access your account info on your mobile device is also nice option, you won't see that in MS Money ever. Perhaps you find no value in that, and that's cool, but I do find that to be useful to me.
If you are happy with MS Money, that's great, but it's not for me. If paying Quicken $30-40/yr keeps Quicken in business then that's good for me too. What a total pain it would be to move to something else, especially when I've found there is NOTHING ELSE today that could replace Quicken. And even if there was, I'd spend HOURS upon HOURS converting my historical data, learning a new program and coming up with my new monthly process that I now do so easily to manage my investments and finances. And in the end I'd have nothing better than what I have today.