That may not be the objective, but that’s how it works out.
If you’re a Mac user on a budget and that budget does not include giving money to Intuit for yet another version of Quicken, here are two free Mac money management apps that can keep track of the basics. Both are easy to setup, simple to use, and unlike Quicken, won’t cost you to watch your money.
What Is ‘Personal Finance’ Anyway?
From my perspective as a working girl with children and husband to feed and clothe (and occasionally borrow money from), I often wonder what personal finance really is.
Allow me to assume that personal finance apps are for the little people, the great unwashed masses of average, everyday Mac users like you and me.
Buddi differs because it’s cross platform (runs on poor people’s Windows PCs) and require Java on your Mac (an extra download for many Mac users). What you get is worthwhile, albeit not as pretty as Quicken.
As with most money management apps, Buddi requires you to setup accounts so you’ll be able to track where your money goes, as well as where it came from. The interface is usable but not a threat to eye candy apps like Quicken.
Buddi tracks all your transactions, segregates your money into appropriate assignable categories, and issues reports so you can see at a glance where all the money went.
What Buddi lacks in sophistication won’t be found in Economix, either– a bare bones money management app with a price to match the feature set (not many features equals no price).
Economix simply manages your bank accounts so you know how much month is left over at the end of your money.
Apparently, when it comes to money management, you have to pay for bells and whistles and Economix is devoid of the former and deficient in the latter.
Set up an initial balance from your bank account, then add transactions as you go (both debit and credit). Oh, and to Economix’s credit, there’s a colorful third grader-inspired chart which details where your money came from and goes visually.
Of the two, Buddi is the bargain, though both carry the same price. Free. Well, Buddi is more donationware.
The problem with apps like these is that they don’t instill confidence in the average user. That’s why banks have marble floors and giant doors on their safes. And it’s probably why Quicken has more charts and graphs and better financial terminology than the free money apps.