We analyze and compare tools to help you make the best decisions for your personal financial situation. Bob, you’re comment was most helpful-I would say conclusive. Mint will allow you to access your banking information from two countries. While there are differences in the display of your information, it really comes down to the personal preference of which one appeals more to you as a user. At one time Intuit owned both services, but in 2015 they decided to sell Quicken to the private equity firm H.I.G. Quicken – Old but powerful if you can make it work 6. See Also: Mint vs. 1. Quicken has had a notorious history of poor customer service. It seems I have to stick with Quicken even I don’t like the Quicken 2017 H&B. Quicken will work offline but you must wage war with Quicken and Intuit to do it and never update! I'm sticking with Mint until something else comes along that is as hands off as Mint, makes some sort of significant improvement and is still free. Probably not what you want to happen. Do you have any other suggestions for me? Mint offers “ways to save” by recommending various financial services from which they get a referral fee. But my Quicken 2017 H&B crashed 3 times this morning and few more times in the past week. The basic features of both platforms are very similar. You can trust the integrity of our balanced, independent financial advice. When comparing Mint vs Simplifi, the Slant community recommends Simplifi for most people.In the question“What are the best mobile finance tracking apps?”Simplifi is ranked 2nd while Mint is ranked 4th. Mint is full of ads. Whereas Quicken was once the only game in town, now it faces stiff competition from some alternative players, including Mint. I want to see both the gross and the net pay. However, Mint makes for a worthy opponent…. You can sign up for premium access to your credit report for a small fee. Does anyone have an opinion on the pros/cons of each? There are several ways: 1. To see all my un-reconciled entries, I just search on: “-tag:reconciled”, which only shows me items which I need to work on. Your email address will not be published. The last Mint and Quicken alternative on our list is PowerWallet. With Mint there’s no option to save anything anywhere. Intuit (owner of Quicken) has introduced a new feature to Quicken. For example, BofA is charging $9.95 a month. Quicken allowed me to track everything in my paycheck – including those details most people never look at – like how much in taxes were withheld, etc. mint vs ynab Two of the biggest budgeting apps out there are Mint by Intuit (the creators of Quicken) and YNAB , short for “You Need a Budget”. Both are now online services and compatible across all the devices you might choose to use. On this list, the best free alternatives to Quicken are Personal Capital and Mint (if you don't mind ads). There are several ways: When you click on the support button on Mint’s website, there is a list of common questions and issues you can scroll through. Lastly, If synchronization breaks with Quicken, nothing prevents you from manually entering your journal entries. While Quicken used to be Intuit’s lead product, Mint has become their sole focus since announcing the sale of Quicken. Makes sense to them! Typically, you get technical support that's from India and reading through scripts to help with your problems. Quicken has an old looking interface, but a bit more flexibility with reporting. If you need help with investments, Personal Capital is far superior. Quicken has much more functionality and can grow with you over time. That is unmitigated hog wash as you can directly connect to any bank and download the same information that Intuit routes to your computer. In too deep to change now. Mint is not a product, but you are the product whose data Mint sells to make money. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. That fact might leave you wondering how Mint makes money. Mint also sells the aggregate (not your individual) financial data to various providers. In the Personal Capital vs Mint competition, both services offer a great set of tools completely free. Quicken, for example, has over 17 million customers. Users can protect their accounts with secure passwords. I don't know if/how much that will matter eventually but FYI. I have been using Quicken since Quicken 4 and I don’t hve much complains up to Quicken 2014 H&B until it can no longer download from banks. Makes it so much easier for me to have a single place I can go whenever I need to reference financial info. I don’t like the idea of having to give up account logins and passwords to get the data picked up by any of the services. You can see a comparison of Mint vs. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Let's talk about the history of each service first. I had avoided action because when I upgraded from Q2011 to Q2014, Quicken recalculated all past investment transactions, a significant number incorrectly. Or, does anyone know one, free or at a reasonable cost? You were too kind! Personal Capital (Best Personal Finance Tools Compared to Quicken) I haven’t had any of the sync issues noted… and I have dozens of accounts that sync regularly. If you can’t find the answer to your question, you can either email the team or hit the chat button for online help. I then check the tag when I have reconciled the line item. YNAB would maybe be okay if I was single (married with 2 kids) and had fewer transactions. So in 2009, Intuit announced its $170 million acquisition of the still-popular financial management platform Mint.com. I had 1336 transactions in 2015. Why specifically would you recommend YNAB over Mint? Does mint handle investment accounts etc? Personal Capital – free financial dashboard plus wealth and retirement planning 2. For more information, please read our. Quicken is typically discounted that amount from the retail price. And it's not as pretty as Quicken. If so how? Personal Capital does track the value of my house, but Quicken now claims they will do that with version 2017 . Is there something out there that is MORE STABLE than either of these? Must not be great sales as they are up to a 40 percent off offer. The problem with it is that Quicken abandoned their QIF file format and I got FORCED buy the 2016 version or I could no longer download my financial files from my bank. I have to just make sure that any receipts (specifically for big ticket items) are stored elsewhere. Why It Is a Better Alternative to Quicken: In a showdown of Mint vs. Quicken, I’d go with Mint. I’ve tried Personal Capital for about a year and finally settled in on Mint. Personal Capital was founded in 2009 and now has over 2 million users and manages over $9 billion in assets. Press question mark to learn the rest of the keyboard shortcuts. It’s a mystery to me why few online financial programs allow for reconciling. In addition, with Quicken (and previously with Intuit) there would be many software upgrades of the product to fix various bugs that in some cases should have been resolved before releasing the new version. There’s no charge to use it. (I suppose they get a cut.) will update accounts automatically and pull in your transactions when you log in and nightly. QFX format with Quicken. So to answer your question – I’m decidedly on the side of Quicken – specifically the Quicken that used to work properly. Since I don’t track my investments with Quicken, I don’t use that feature; if I did, I’d probably enjoy it a bit more, and put up with the recent problems. Quicken has an old looking interface, but a … You need to buy a separate Quicken for each country. I'm sure it would handle a taxable account also. 3. I just signed up for Mint and, day one, hour one, minute one — it couldn’t link/synch to the first two bank accounts I tried (and they are major banks!) They offered consumers better options than Quicken Online, and for cheaper. Response to my specific inquiry from Mint was slow. Mint is only good if … Investor Junkie is your shortcut to financial freedom. Essentially to use them, you are breaking the agreement you have with your financial agency about not sharing your login and PW data with a third party. I really don't think I would mind all that much. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Investor Junkie has advertising relationships with some of the offers listed on this website. I’m now interested in going back to Quicken and this review helps a little. All products are presented without warranty. He currently resides in Long Island, New York, with his wife and three children. My computer is 1 year old with 32 GB RAM, 1 TB hard drive C (118GB used, programs only). and not very easy to use. I’ve been using Quicken for Windows and Mac since the 1990s. For this audience, Mint is a better deal. And when Quicken-maker Intuit bought Mint, that brand was spun off.Today, there are Quicken versions that address various financial needs. If you cannot use the automatic methods to download your information pretty much every financial institution supports the open standard. I have been a user since at least 1993. I've used quicken but keeping it up to date is a pain in the neck. Can I get monthly and annual profit and loss and balance sheets and month to month and yearly comparisons with MINT? This online budget tool enables you to link bank accounts, credit cards, loans, and investment accounts. InvestorJunkie.com© Copyright 2020, All Rights Reserved | Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Intuit itself offers a simpler, more basic alternative to Quicken in Mint, which it acquired in 2009. I will agree that for the novice, Intuit makes it easier but it is still not difficult. Mint is a totally free app (review here). Spotty customer service seems to be a recurring experience of users who post on their website forum. They do this by enabling you to You might be wondering how Mint makes money. Too much trouble! Two-factor authentication: In addition to password protection, Mint won’t let you access your account until you validate the device you’re using either via the email address you used when you signed up or by an SMS text message to your cellphone. Touch ID sensor for iOS: This quickly reads your fingerprint and unlocks your phone, allowing you quick access to the Mint.com app. Capital. Both apps are very user-friendly when you’re on the go. All products are presented without warranty. I should add that I have used Quicken since the mid-1980’s. EveryDollar – Dave Ramsey's budgeting tool 7. With Personal Capital I could upload and save my documents but not attach them to transactions. I have reduced my .QDF size from 660MB to 588MB by deleting some accounts. Quicken retails $39.95 to $119.95 (we list the latest Quicken promotions on our site). Simplifi is owned by Quicken. Join our community, read the PF Wiki, and get on top of your finances! “Oh, we can’t do that.” Seems that the return period was three months even though the lock did not kick in until six had passed. Secure Socket Layer (SSL) technology and encryption to make your information unreadable as it passes over the internet. With Mint, every time you visit the site, your financial data gets updated automatically. We’ve found Yodlee to be more stable and was once what Mint used before Intuit acquired them. They are apparently both owned by intuit? I run a spreadsheet to track net worth and have another organization that allows me to enter assets manually. I never trusted Mint again although I can’t guarantee it was due to them. Mint.com and Credit Karma are two popular personal finance apps that have a few similarities, but a number of key differences. We review Personal Capital and rate it better for sync as it doesn’t use Intuit’s syncing service but Yodlee instead. Mint is free to use, and there are no hidden fees. But, there’s no free version. Tax Cut? OH, Yes, and I would need to locate the back up from my 2010 version, load that into the later software and then manually enter six months of data into the old version since quicken 2015 cannot communicate with 2016. It only goes up, not down! Security is an important issue for anyone using a personal financial program since your entire financial life could be exposed. Investor Junkie strives to keep its information accurate and up to date. You mention the abysmal customer service at Quicken. Larry, you are sorta correct. However, Quicken's pricing can be off-putting, especially to Millennials who just want a quick, free app to handle simple personal finance functions. Recent updates on the Windows version have resulted in the creation of duplicate QDF files which won’t work with Quicken Mobile. Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers. They also offer educational resources that help you get a better handle on how you’re spending money so you can identify areas where you can save. 1. Synchronization is an area where Quicken is somewhat better than Mint, though because it uses Intuit's online services, it may have similar synchronization issues. Not a really great computer security thing to have to do. I even switched from TurboTax after thirty plus years and now use TaxAct for half the price. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. Sadly, my experience has gotten worse and worse, especially recently, which might coincide with Intuit’s sale of Quicken. I use it mainly for catergorize the income, expenses, investment (few hundred transactions a year, although now I can download directly from the TradeStation into the TurboTax), Schedule C and E and import them into TurboTax. I didn't bite. Once set up, Mint will remember repeating transactions so it will automatically match the same category in the future. So if you’re looking for a free budgeting app, go with EveryDollar! That makes them a less than whole solution and I suspect Mint and Quicken would have the same issues. It can even help you manage your investments and — in a new feature — track the value of your home. Mint offers “ways to save” by recommending various financial services from which they get a referral fee. Financial hub: One of the best features of Mint (owned by Intuit, makers of TurboTax and Quicken) is that it pulls all financial information into one central location. you will need to download your transactions from the bank or financial services site and import them into Quicken. The fix was for me to buy an older version on E-Bay and run it. Tiller – level up your spreadsheets with automation 4. After downloading and syncing your transactions, Mint’s software automatically separates them into predefined categories. Readers: Which platform do you prefer between the two? Based on issues with both products, I cannot recommend either product as superior in customer service. 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