Author Topic: Personal Finance Software  (Read 1480 times)

Wabash02

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Personal Finance Software
« on: July 17, 2019, 12:33:47 PM »
I'm looking to finally get all my finances organized and looking for recommendations.  Quicken seems like the main option, do people generally use that or does anyone have other recommendations?  I am NOT looking for investment advice from this product and I am willing to pay (I've used the free ones in the past and cannot stand the upselling calls and emails).

My main goals are to:
Track income vs spending broadly
Created savings buckets for various goals
Get a simple view of my balance sheet
Bonus for handling bills, etc in one place.

We mostly use USAA, Amex, Fifth Third, and Interactive Brokers for our accounts, if that helps. Any recommendations?

Thanks!


Jurgis

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Re: Personal Finance Software
« Reply #1 on: July 17, 2019, 01:47:15 PM »
I use Quicken and have used it since 1990s.

I have not had any significant blowups with it, though looking at reviews some people do.

I track income, investing, 401(k), IRAs, ESPP, RSUs, credit cards, bank accounts, mortgage, etc.
I don't do budgeting.
I mostly don't use Quicken info for my taxes (I use Turbo Tax Online which is not connected to Quicken on my PC.)

Quicken mostly works, but has quirks and issues (some that are never fixed for 10 years or so).
I can do things like IRRs for a selection of accounts for any time frame, etc. Graphs and reports are mostly good IMO.

I don't particularly like paying extortion subscription every year or two years. IMO Quicken does not provide enough incremental value for them to charge the subscription. Unfortunately, there are pretty much no viable alternatives (IMO) and so I'm stuck.
(I have relatives who still use Quicken 2003 or 2007 and it works just fine - but you cannot get electronic updates and have to put all bills/charges/etc into it by hand.)

Let me know if you have any questions and I'll try to answer.

Good luck.
« Last Edit: July 17, 2019, 01:52:31 PM by Jurgis »
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
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LounginMKL

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Re: Personal Finance Software
« Reply #2 on: July 25, 2019, 04:37:15 PM »
You can also use Mint, which is basically an online version of Quicken. It's free (in a FB kind of way) and pulls balance data from your financial institutions (banks, brokerage, lenders,etc...).

Jurgis

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Re: Personal Finance Software
« Reply #3 on: July 29, 2019, 07:30:58 AM »
BTW, even with the help of Quicken, entering RSUs, ESPPs correctly is a pain. I sometimes just eyeball it. But then I don't use Quicken for my taxes. If I did, I'm not sure the RSU/ESPP info in it would be correct. More sure about ESPP, less sure about RSUs.
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"