With Quicken if you have stuff like that you can manually create accounts and transactions. Obviously that creates a bit of a problem if you want to take these into account.
#Quicken mint future download#
With Mint, if you can’t download them they don’t exist. With us, I have stock options that aren’t in an account compatible with Mint, so I don’t have visibility to them. Sometimes it might be off-the-book loans like maybe your parents helped with the down payment on your house. NON-BANK STUFF: A lot of people have financial “stuff” going on that isn’t with your bank or brokerage account. With Quicken, you can actually go into the file and manually change things to take care of stuff like that. For some reason the download had a bug in it. While I would like to think that I am that brilliant of an investor, I can assure you I’m not. Notice how it thinks that I invested $321.69 and that has increased $26,747. Look at the picture from Mint for one of my investments. Most of the time this works well but sometimes it doesn’t work and the results look goofy. This is probably the single biggest feature that I miss by switching from Quicken to Mint.ĪCCURACY: With Mint the website downloads your transactions and then does its thing. If you’re like me and you try to keep your checking account’s balance fairly low, freeing up the extra money to invest where you can get a higher return, then you need to be a little more precise. So you might get a paycheck or two, but then you’ll have your mortgage, a credit card payment, and a couple bills, all of which are hitting on different dates.
When you look at the cash flow of your checking account, it’s nice to look into the future to make sure that your balance doesn’t fall below a certain level. PROJECTING FUTURE SPENDING: This is a really nice feature in Quicken that you don’t have in Mint. In Quicken I can split that $300 expense into those different categories which is really nice when you want to compare your spending to your budget. However, in real life, that $300 was split into $150 for groceries, $30 for pet food, $70 for Foxy Lady’s contacts, and $50 for some pool toys for Lil’ and Mini. When I go to Costco and spend $300, I can only use a single category in Mint, so I use “groceries”. There is one feature that I really liked about Quicken that I don’t get with Mint-the ability to split expenses. I think this is a bit of “the price of admission” that you should absolutely expect. You can download your bank and credit card activity, and both do a somewhat decent job classifying the expenses into the different categories. TRACKING SPENDING: Both do this fairly well. This post is going to be looking at the pros and cons of each, Dr Jack-style, to help you pick the one that will work best for you. For the longest time I was a Quicken devotee (and before that I used Microsoft Money), and then I recently switched to Mint.
#Quicken mint future install#
There are two major options: a program you purchase and install on your computer like Quicken, or an internet website that consolidates your online accounts like Mint. Either way, you’ll need some way to track your finances.
Or maybe you’ll want to see what things look like every week or every month to make sure you are on track.
Maybe you’ll be hyper-obsessive like I am and look at it multiple times a day (which objectively is stupid since the numbers don’t change that fast, but I do it anyway). “You can’t hit what you can’t see” –Walter Johnson, major league pitcher from 1910sĪs you take more control of your personal finances, there will come a time when you need to start tracking it somehow. I’m trying to build my audience, so if you like this post, please share it on social media using the buttons right above.
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