Quicken 2019 for Windows imports data from Quicken for Windows 2010 or newer, Microsoft Money 2008 and 2009 (for Deluxe and higher). Quicken 2019 for Mac imports data from Quicken for Windows 2010 or newer, Quicken for Mac 2015 or newer, Quicken for Mac 2007, Quicken Essentials for Mac, Banktivity.
Saving money has become a major priority for many people. Fortunately, there is a range of software to help you not only save money, but to spend it wisely and organize your finances. With the myriad of titles available, it can be a challenge to choose the best one for your needs. For all you Mac owners out there, here are the top five tools to streamline your personal economy:
1. Moneydance
Moneydance ($49.99 - Mac App Store) offers you the ability to pay your bills online. Additionally, you can better manage your financial accounts, get help with budgeting, learn more about investments, and more. It's a bit pricey $49.99, but is certainly worth considering.
Moneydance Screenshot (Click the image for a larger version)
2. iFinance
One of the best features of iFinance ($29.99 - Mac App Store) is the three-dimensional graphs, charts, and diagrams that allow you to easily view and analyze your finances. You can break down your spending into convenient categories such as rent, insurance, and groceries. If you're currently using personal finance software, switching over to iFinance is fairly easy. It's also affordably priced at $29.99.
iFinance (Click the image for a larger version)
3. You Need a Budget (YNAB)
Although available for Windows users as well, You Need a Budget ($60) (Money Crasher's review) is an excellent tool for Mac users who want to improve their finances. It's based on four simple rules that involve putting your money to work for you, saving for the future, being flexible, and giving yourself a cushion. It offers a 34-day free trial, or you can purchase it for $60. It is slightly expensive, but it can be worth it depending upon how much help you need.
You Need a Budget (Click the image for a larger version)
4. iBank
The iBank app ($9.99 - Mac App Store) can assist you in monitoring your banking and credit card accounts, and it also incorporates the envelope budgeting method, which allows you to create different budgeting categories. It also comes with a handy camera integration feature, so you can take a picture of a receipt and attach it to a financial record. iBank also comes with a free 30-day trial, and a purchase price of $59.99. Once again, this is a little expensive in my view but the camera integration can certainly help keep your finances organized while on the go.
iBank (Click the image for a larger version)
5. Koku
With Koku ($29.99 - Mac App Store), you no longer have to log in to all of your banking and credit card account websites, as it stores all of this information for you in one place. You can create 'tags' to assign to each of your transactions. It also comes with filtering options if you want to research a particular set of purchases based on a spending category and/or purchase amount. While you can use it for a brief free trial period, it† can be purchased for the relatively affordable price of $29.99.
Koku (Click the image for a larger version)
Final Thoughts
When deciding what programs best meet your personal finance software needs, it's best to weigh the benefits versus the cost. Are your finances in disarray? Or do they just need a little fine-tuning? It's the answers to those questions and more that will help determine which one is right for you. At the end of the day, either you run your finances - or they run you. So choose wisely, and get to work on improving your financial situation today.
Taking control of your personal budget
MoneyWell is a personal finance package built around the concept of envelope budgeting. It's designed to keep you from overspending by using proactive budgeting techniques. It also helps you direct your extra money to debt reduction and savings so you end up with a nice cash buffer for emergencies and a more stress-free life.
Spend only what you have in your buckets.
Too many other financial tools rely on end of the month budget reports to keep your spending in line, but by that time it's too late to fix anything. We call this regret-based budgeting, where you print reports and then regret not sticking to your plan. It's a broken system that most people can't use. With MoneyWell, there's one simple rule: Spend only what you have in your buckets.
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Three Simple Steps to Financial Freedom
It's easy to reduce debt and increase savings with MoneyWell. By getting into the habit of only spending what you have in your buckets, you'll find yourself less stressed about money.
Each pay period, simply follow three simple steps:
Assign deposits to your income buckets
Fill expense buckets using income buckets
Assign withdrawals to your expense buckets
Easily track all your accounts.
Multiple accounts across multiple banks? Not a problem! View everything in one place with a clean, native Mac app. MoneyWell supports importing all the standard formats as well as auto-downloads for those institutions that support Direct Connect.
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Envelope-based budgeting.
MoneyWell was designed from day one to do envelope budgeting—it isn’t just a feature we tacked on as a checklist item. At its core, MoneyWell is a budgeting system to help you eliminate debt and grow wealth.
Interactive reports
MoneyWell was designed to give you great financial feedback in every view, but when you need to share information with others, reports are a great tool. With our 2.0 release, you can create and save reports that have different content, totals, groupings, date ranges and watch the report change as you adjust these settings. Zoom in and review them in the main window or go old school and print a paper copy.
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Beautiful graphs
Graphs are available for nearly every list to give you the big picture. Headers above each list give summary information along with quick totals for selections. Every visual has been crafted to help you see exactly what you need right where you are.
Best-in-class currency support
No other finance app allows you to record a transaction in one currency, store it in an account register in a second currency, and assign it to a budget bucket in a third. Only MoneyWell gives you the flexibility to keep your budget in check no matter where you live or travel.
When you set the currency on your transaction, MoneyWell automatically looks up the exchange rate based on the currency of your selected account. If your bucket has a third currency, it does the same for that.
Since exchange rates are rarely perfect, MoneyWell also allows you to set the exact amounts for all three currencies and keeps those stored within each transaction.