The post 10 Best Quicken Alternatives (Some of Them are Free!) appeared first on Club Thrifty.
As the granddaddy of personal finance software, Quicken was once the best money management tool on the market. Heck, it was practically the only tool on the market.
Now? Not so much.
Quicken was all the rage back in the day, but little has been done over the last few years to improve the product. In fact, Intuit (famous for programs like Quickbooks and Turbo Tax) actually sold off their ownership rights to Quicken back in 2016. Since then, rumors have swirled that Quicken will actually shut down its program for good.
Luckily, Quicken is not your only choice for personal finance software. These days, there are a number of alternatives that can help you manage your money as well as Quicken ever did… and for less. In fact, some of the best Quicken alternatives are actually free!
If you’re looking for a new program to manage your money, you’re in the right place. Check out our list of the top 10 Quicken alternatives below.
Our Top Picks
Personal Capital [Editor’s Choice] – Personal Capital is our Editor’s Choice for Quicken alternatives. This free software automatically tracks your savings, spending, investments, net worth, and more. It’s easy to use and the free price tag makes it an excellent replacement for Quicken. We’ve used it for years and think you’ll love it too! Read the review | Learn more
Tiller – If you’re looking for a simple budgeting tool, Tiller is it. This program takes spreadsheet budgeting to the next level by helping you create an easy monthly budget and automatically tracking your results. Start with one of their templates, customize it to meet your needs, or build your own. Get it free for the first month, then it’s only about $5 a month. Learn more
10 Best Alternatives to Quicken
1. Personal Capital
Personal Capital is our favorite money management software of all time. We’ve used it personally for years, and we continue to be amazed by this powerful software.
What’s so great about Personal Capital? For starters, it’s free.
That’s pretty awesome considering they offer a comprehensive collection of money tools in one convenient place. Here, you can track your spending, net worth, and investments. You can also use it to check your investments for expensive fees and calculate whether you’re saving enough for retirement. These tools are all 100% free and at your disposal after a simple sign up process.
So, how does it work?
In short, Personal Capital synthesizes the data from all your accounts and delivers a complete financial picture that’s easy to understand.
Just link Personal Capital to your bank, credit, and investment accounts and let the program do the heavy lifting. It imports your transactions and calculates how your spending aligns with your budget.
Unlike some other alternatives to Quicken, Personal Capital is more than just budgets.
This program also offers a powerful investment management tool. It tracks your asset allocation, monitors your investment performance, and analyzes your fees. It even takes your retirement goals into account and estimates your retirement income/expenditures based on your financial data. And, of course, Personal Capital also calculates the value of your assets relative to your debt (i.e. your net worth).
It might sound like a lot going on, but the app is incredibly user-friendly. A summary of your financial situation is available on the dashboard as soon as you open the app.
With all these money tools being offered for free, you might be wondering how Personal Capital actually makes money. Good question. They also offer fee-based wealth management services. Those are entirely optional, and you’re in no way obligated to subscribe. Tons of users enjoy the free suite of tools without using the wealth management services.
In my opinion, Personal Capital offers the best free money management software on the market. With a robust collection of money tools and a free price tag, this program blows most other alternatives to Quicken out of the water. Check out our complete Personal Capital review for more information!
You Need a Budget (YNAB) is an excellent choice for anyone who wants an easy to use and effective budgeting app.
YNAB doesn’t offer a whole suite of money tools like Personal Capital. It focuses on two things: building a realistic budget and tracking your spending. And that’s ok, because it does them both very well.
I say a realistic budget because YNAB’s philosophy is that a budget is fluid and should be adjusted frequently in response to what’s going on in our lives. That’s why YNAB makes it so easy to move money between spending categories to keep your budget balanced.
For example, if you’ve budgeted $300 for groceries, but your transactions indicate that you’ve spent $340, YNAB will notify you that you’ve overspent and prompt you to deduct that $40 from another category. This system is especially useful if your goal is to maintain a zero-sum budget.
When you use YNAB, you have two choices. You can either automatically import your transactions by connecting to your bank and credit providers, or you can enter your transactions manually. Obviously, automating things is easier, but some may appreciate the option to do things the old-fashioned way.
YNAB offers a free 34-day trial, so you can try a full month of budgeting with no commitment. After that, the cost is $6.99 a month, billed annually. That means once a year, you’ll pay $83.88 to use the app/software. Unless you’re a student – then you can enjoy 12 months for free – which is a pretty cool benefit.
Also cool is that YNAB offers a 100% money-back guarantee. So, if you buy the app and decide it’s not helping you take control of your finances, YNAB will give you a full refund. Can’t argue with that!
Tiller is a relative newcomer as a money management software program. This financial tracking tool is used in conjunction with Google Sheets (Gmail account required). So, if you’re into spreadsheets, Tiller might be just your thing.
Although Tiller has recently included some added functionality (like their debt snowball worksheet and net worth tracking), this is essentially a budgeting program. To get started, simply link your bank accounts to the program. Then, Tiller will automatically download your financial transactions into Google Sheets on a daily basis.
From there, you’re free to take advantage of Tiller’s limitless customization options. They provide multiple budgeting templates you can use, but you can also create a brand new spreadsheet unique to your preferences.
Every day, Tiller emails you a summary of your financial activity so you always know exactly what’s happening with your money.
You can try Tiller free for 30 days to see if it meets your needs. After that, it’s about $5 a month, or free for a year if you’re a student.
Mint is a comprehensive financial tool that Quicken enthusiasts will probably appreciate. In fact, Intuit acquired Mint in 2010 shortly before they dropped Quicken from their suite of financial tools. Stew on that for a minute and think about which program Intuit thinks is better
Like with some of the other Quicken alternatives, when you link your financial accounts to Mint, you have access to your whole financial picture in one place.
As we mention in our full Mint review, you can build a budget, track your spending, monitor your investments, and manage your bills. The bills feature is really nice for people who haven’t automated their bill payments and want the ease of managing them on one platform.
Mint also lets you check your credit score and explains how it’s calculated. I think this is pretty neat because a lot of people don’t know their credit score or understand how these scores work.
With all that under one roof, you might be surprised to learn that Mint is free. Hey, we’ll take it.
CountAbout web-based personal finance software is another contender for the best Quicken alternatives. This program actually supports importing data from both Quicken and Mint, which is nice.
When you use CountAbout on a computer, there’s no app to install; you simply log in to their website. They do offer a mobile app for iOS and Android, but not all the features are available through the app.
Use CountAbout to create a customizable budget; then, sync it to your bank account to automatically import your transactions and track your spending. You can get a snapshot of your financial activity with widgets, or general full financial reports.
CountAbout offers two membership options: basic for $9.99 a year or premium for $39.99 a year. The only difference between the two is that the basic membership does not support syncing with online bank accounts. That means if you opt for the basic membership, your transactions will not be automatically downloaded. Your options are to enter transactions manually or import QIF files from your bank if they make those available.
If you’d like to try CountAbout before committing, you can get their 15-day free premium trial.
Moneydance is another viable personal finance software alternative to Quicken. In fact, if you currently have Quicken data, you can import it into Moneydance. It’s available as a desktop app for all the major operating systems and as a mobile app.
Moneydance’s interface kind of resembles a check register, where you see a record of all your transactions. Those transactions can be imported automatically by syncing with your online banking, or you can enter them manually. If you choose the automated route, you can also manage bill payments through Moneydance.
Of course, it wouldn’t be personal finance software without the ability to create a budget. Moneydance lets you create spending categories and track your expenditures. If you’re a visual person, you’ll appreciate the interactive graphing tool. You can also use Moneydance to track your investments and monitor stock performance.
If you’re technologically inclined (i.e. a tech nerd), you can actually develop extensions for Moneydance using an Extension Developer Kit they offer as a free download. But I won’t get into that today!
You can try Moneydance using their free trial, which works a bit differently than the other trials we’ve talked about. There’s no time limit on their trial, but you’re limited to 100 manually entered transactions. Still, that’s enough to decide if Moneydance is for you. After that, you can buy the full program for a one-time fee of $49.99. They also offer a 90-day money back guarantee when you purchase from their website.
Banktivity is a personal money manager made for Mac users. The newest version, Banktivity 6, is designed specifically for MacOS Sierra. And – like Moneydance – when you turn to Banktivity as a Quicken replacement, you can import your data for a seamless transition.
With Banktivity, you’ll sync your bank accounts and use it to build budgets, track your spending, pay your bills, and monitor your investments.
They also offer some really cool reporting options. For example, you can generate reports based on category spending or spending at a given merchant. So, if you want to track how much you spend on eating out, you can easily generate a report showing all your spending in that category over a given time frame. Or, if you want to get even more specific, you can easily pull up how much you spent on McDonald’s in the past two weeks.
The “Find” feature in Banktivity 6 is kind of like Mac’s spotlight – it lets you search all your transactions to find the one you’re looking for. This can be a great time saver when you’re trying to quickly check something specific.
Banktivity offers a free 30-day trial, no credit card required. After that, you can purchase the desktop app for a one-time fee of $64.99. You can then download the app on iPhone and iPad and sync across your devices.
GoodBudget is a simple budgeting app that helps you plan and track your spending through a digital version of the envelope method.
If you’re unfamiliar with the envelope method, this is a style of budgeting where you use an envelope for each spending category. First, you’ll plan how much you’ll spend on each category (usually throughout the month). Then, you allocate cash for those expenses in each category’s designated envelope.
Throughout the month, you’ll take money from a designated envelope each time you need to spend in that category. If you run out of money in an envelope, you can’t spend any more on that category… unless you borrow the money from another envelope (which will reduce your spending power in that category).
The free version of GoodBudget gives you twenty envelopes and allows you to download transactions from one bank account. You can also sync across two devices – which is great for using it on desktop and mobile. You can also use one sync to share a budget with your partner.
GoodBudget Plus costs $6 a month or $50 a year. This gives you access to unlimited envelopes and bank account syncing. You can also use the app on five different devices.
Since you’re likely to have more than one account and may both want access on multiple devices, GoodBudget Plus is probably more practical for a couple who shares a budget. That being said, it’s great that this software also has a free option.
Dollarbird is another simple, no-frills budgeting app that makes for a good alternative to Quicken. This app is unique in that it’s calendar-based rather than category-based. What this means is that Dollarbird focuses on tracking your income and spending by day, rather than by category.
So, when you open the app, you’ll see a calendar. From there, you have the option of adding transactions (income or spending) for each day. Although you do categorize your transactions, the app displays your net spending per day rather than a running category total.
At this time, Dollarbird does not support syncing with your online accounts. This means all your transactions must be entered manually. However, you can schedule recurring transactions so you’re not constantly required to enter your regular fixed expenses. If you’re paid a regular salary, you can do the same with your paychecks.
The free version of Dollarbird gives you access to one calendar – perfect if you’re doing a simple solo budget.
The paid version allows up to 20 calendars and can be accessed by three people. Again, the paid option might be more practical for couples. You can opt to pay $4.99 monthly or $25.99 for the year.
Last but not least on our list of Quicken alternatives, we have Everydollar. If you’re a Dave Ramsey fan, you may want to give his budgeting tool a try.
Everydollar lets you budget your income into customizable spending categories, then enter your transactions and track your spending. The free version doesn’t link to your online accounts, so you enter your transactions manually. (If you want to automatically sync to your online accounts, you’ll need the paid version.) That’s not a deal breaker, but one thing I’ve noticed is that the app doesn’t seem to remember the category associated with a payee that’s previously been entered. Adding that would be a nice touch.
This is a super simple budgeting app that should meet the needs of someone who wants to get started with planning a budget and tracking their spending. It’s free, so there’s no risk involved in trying it out for a few months to see what you think.
Quicken Alternatives: Final Thoughts
With Quicken no longer the only financial tracking game in town, there are plenty of options to choose from. Whether you’re looking for a simple budgeting program or a complete personal finance software package, there’s enough variety on this list to suit almost any need.
Although everybody has their preferences (us included), ultimately, the best financial tools are ones you’ll use consistently. So why wait? Use one of the links above to download a free app or start a free trial to find out what program works for you.
How many of these money management tools have you tried? Which is your favorite? Let us know in the comments!
The post 10 Best Quicken Alternatives (Some of Them are Free!) appeared first on Club Thrifty.