Finance Packages: Money Edges Out Quicken
Intuit's Quicken and Microsoft Money have been fierce competitors for more than ten years. But rarelyif everhave we seen such disparity in the scope of their annual upgrades.Intuits Quicken and Microsoft Money have been fierce competitors for more than ten years. But rarelyif everhave we seen such disparity in the scope of their annual upgrades. Microsoft has made sweeping changes to Money, adding a new end-run around tedious account setup and a two-tiered approach to personal-finance management. Intuit has focused more on small but important changes throughout the program that help you track your money flow better and more easily. The two stalwarts are generally more alike than different. Both help you document all of the minutiae that make up your household income and expenses. This data entry, with the aid of comprehensive downloads of transactions and balances from your financial institutions, gives valuable big-picture feedback on how youre doing now and where your finances are headed.
Specifically, using either Money or Quicken, you can record every transaction you make in a bank or investment account, or set up online connections to grab the data directly. Both programs will cut checks for bills or dispatch payments electronically. Online relationships with banks and brokerages help you keep close tabs on your balances and shift money easily. Categorizing transactions helps you track your cash flow and adhere to budgets.