Many people have written about this before, and many more will follow. What can I say, I couldn't help myself.
I like staying on top of my finances, it reduces stress and makes life in general a lot easier. I won't go into the psychological reasons why people get into debt and how to use psychology or blackmail to get yourself out. I merely want to give my thoughts on some of the software for macs out there.
I always look for the best software to fit my needs. I like computers and I feel they should make my life easier. Software can actually do that (and also make us hate it so much we want to drag it outside and beat it to a pulp).
I've tried several financial programs for my personal finance:
- iBank (OS X, Full version $59.99)
- Moneydance (OS X, Windows, Linux, $39.99)
- GnuCash (OS X, Linux, open source, free)
- MoneyWell (OS X, $49.99 / currently $39.99)
First a list of what I want in personal finance software:
- Easy to use
- Easy to set up
- Easy to maintain
- Easy to see at a glance how I did in a certain month
- Budgetting
The software should also not crash and lot eat up my data. Saving my data in some type of file that I can access outside the program scores a lot of extra points. Exporting to .qif or a similar common format sounds good to me as well.
More points get acquired if the program works well on a smaller screen and older mac. I have a iBook G4, a bit of an oldie now, which still works pretty well, but I don't need some fancy new software that only runs on an Intel with 3gb of ram. Personal finance software should not push my mac to its limits.
Behind the cut I will describe my experiences with these four programs and wrap it up with a winner.
I will do the following actions to judge the program:
- Installation.
- Open the program (startup-time)
- Import previous data (a sample .qif file)
- Create a few transactions
- Schedule some bills
- Set up a budget
- Set up a payment plan for my creditcard / loan.
The sample file has data on a savings account, a credit card and a joint checking account.
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