We Mac users are a finicky lot. We prefer apps that actually work to those that used to work back in the day. What’s your favorite Mac money management app? Intuit’s Quicken, right? Maybe it was back in the day. That was then. This is now. When Quicken was it and nothing else was, we simply endured Intuit’s frequent dismissal of the Mac market.
Today, Mac users have choice. Plenty of choice. Quicken has competition. Many Mac financial apps do as much and cost less. Some do more.
What’s Money Worth To You?
Well before the latest version of Quicken, which has improved, and is worth a look, I devoted time to come up with a replacement.
From free to expensive and in-between, we Mac users are blessed with choice. Choice begat because Quicken ignored us for many years.
That created a vacuum and Mac app developers stepped in to give us monetary air to breathe.
Take Money as my primary example. It costs much less than Quicken, is easier to set up and use, but comes with a few features that make the investment worthwhile.
Accounts – All kinds of accounts are supported in Money. Bank accounts, cash, credit cards, investments, even loans. All the information you need about each account is a click away.
Scheduler – For most of us, transactions get repeated regularly. The built-in Scheduler creates recurring transactions, including an option for automatic payments. It’s like Money pays itself to pay your bills.
Budgets – Money keeps budgets simple. Target your monthly expenses. Target your monthly revenue. Then click to compare the two when the month ends. That helps to ensure we don’t have too much month left over at the end of our money.
Reports – This is my favorite feature. 13 reports in all, starting with Net Work then Budget, then Expenses and so on. If you like a little shine on your eye candy, the reports are where to start.
Investments – This used to be my favorite feature. Money’s Portfolio pulls investment accounts (see above) to give you a quick view of how your money is doing vs. the market vs. last month or last year. It’s all graphed out nice and pretty. If only the market were a pretty place to be.
Money is not Quicken.
There are fewer features, and less brand name buzz. But there is an affordable iPhone version that syncs to your Mac version.
Quicken, on the other hand, costs twice as much. Like Money, it keeps all accounts in one place. It tracks scheduled expenses and monthly bills. It features one click eye candy with colorful charts and graphs, and everything you need to see is on one convenient page.
With Quicken’s money back guarantee, it’s a great try-before-you buy opportunity to find out if the new Quicken Essentials can transfer your old Quicken data. Easier said than done.
Maybe there’s a reason why Quicken’s Features and Benefits page doesn’t list very many features. Or, benefits. If money is an issue and Money’s modest price tag is too much, go Free: The Best Mac Money And Budget App.