10 Better Alternatives to Quicken and Mint in 2020 Checkout This Update
10 Better Alternatives to Quicken and Mint in 2020 Checkout This Update.
Alternatives to Quicken and Mint: Have you heard of Mint.com? Mint.com is a free budgeting tool. When you link up your bank accounts, loans, and credit cards to Mint, it can assist you to manage your money more strategically. What’s even better, Mint is totally free.
Quicken is one of the oldest and most recognized personal finance programs available, with more than three decades of history behind it. But for many users, Quicken just doesn’t cut it
Mint.com
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.
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.
Quicken
If putting your data into the cloud worries you and you thought Quicken might be the answer, I have bad news – Quicken puts your data in the cloud now too. But like everyone else, they have bank-level security so it shouldn’t be too much of a worry.
One thing that Quicken does offer that these other services don’t is the ability to set up bill pay, which works well for some of those smaller banks that don’t offer it though it comes with a fee. It also pulls your home value information via Zillow, if that is important to you.
Quicken is a software application you purchase (starts around $30 for the Starter Edition but quickly goes up) and downloads to your computer (or mobile device).
Alternatives to Quicken and Mint 2019
1. Personal Capital
Personal Capital has become an extremely popular tool to manage money. There are several reasons for this. First, it’s free.
Second, Personal Capital’s financial dashboard manages every aspect of a person’s finances. It tracks cash flow and enables you to see your spending by account and category. Further, it’s a great tool to track your investments.
It enables you to link all of your investment accounts. Once linked, Personal Capital provides a wealth of information about your portfolio. From asset allocation to investing fees, this tool gives you easy insight into your investment portfolio. This is particularly helpful if you, like me, have multiple retirement and taxable accounts.
2. YNAB
For those focused exclusively on their budget, there’s nothing better than YNAB (short for You Need a Budget). I’ve tried virtually every budgeting tool available, and YNAB is without question the most effective.
It uses a familiar spreadsheet format that’s very easy to use. Categories can be assigned to your spending automatically. Once you’ve used the software for about a month, you’ll rarely need to categorize expenses manually.
3. Banktivity
For those with a Mac looking for software, Banktivity is an excellent choice. Much like Quicken, you can connect bank accounts, credit cards, mortgages, and even investment accounts. Once connected, Banktivity manages your entire financial life in one place.
I’ve found connecting accounts to be, while not perfect, workable. I’ve successfully connected investment accounts from major brokers, a mortgage on an investment property from Chase, and credit cards from Citi, Capital One, and other issuers.
What I’ve found most appealing about Banktivity is that it just works. There is, however, one downside. The cost. The software set me back $64.99, which by itself would be fine. However, if I want to automatically download transactions, I must pay a yearly fee of nearly $45.
4. EveryDollar
EveryDollar is a good option. It is an online budgeting and money management tool. It comes in both a free and paid version. The paid version adds, among other things, online connectivity to your financial institutions.
The budget is broken down into categories, such as housing, transportation, and food. You can customize expense categories. Without the paid version, however, it’s an entirely manual process.
5. PowerWallet
The last Mint and Quicken alternative on our list is Power Wallet. This online budget tool enables you to link bank accounts, credit cards, loans, and investment accounts. I found the linking process to be smooth, with two exceptions. I was unable to link a retirement account at Fidelity and credit cards from Citi.
Power Wallet uses a cash flow model of budgeting. In the dashboard, it shows your cash inflows, outflows, and what’s left. It also highlights your top spending categories. It does use an advertising model for revenue, so be prepared to see some advertisements.
6. Tiller
Tiller – a $4.92 a month service (after a free 30-day trial) – that pulls your data for you and puts it into a Google Sheets or Microsoft Excel document. You can start with one of their free templates or build your own, but after the initial work, you’ll have a fully automated spreadsheet tailored to what you need. You can use this to track your net worth, set a budget, or anything else you can imagine
7. Moneyspire
Moneyspire was created to help streamline the task of money management. This is an app that can help you not only establish your budget and track your bills, but it can also monitor your investments.
Best of all, Moneyspire is very simple to use and makes seeing your financial picture a no-brainer. With this app, you’ll spend most of your time looking at your dashboard screen, so you don’t need to jump back and forth between views. You can create a budget and download transactions from your bank. Moneyspire offers support for Windows, Mac, and Linux.
8. CountAbout
CountAbout is an online service that automatically downloads your transactions into one central place and allows you to create budgets with ease. Unique to CountAbout, you can import your existing transactions from Mint or Quicken. Sign up for the free 15-day trial.
It is rare to find a web-based personal finance app that can import from Quicken or Mint, but CountAbout has you covered. And you can access your data from your phone.
9. PocketSmith
Not only does web-based PocketSmith let you track your spending, but it generates projections of your future financial picture. You can also create monthly, weekly, or even daily budgets that start on any day you choose (no waiting until the first of the month).
PocketSmith is easy to set up and use, and it’s flexible and convenient. Plus, its unique calendar feature is extremely handy and gives you a window on the future of your finances.
10. Moneydance
Moneydance used to just be a desktop app, but it’s made the move to mobile. (And hey, Linux lovers can use it too!)
This app allows you to create a budget, gives you bill-pay reminders, generates helpful financial charts and graphs, and offers investment support. You can link your accounts online for automatic updates or enter your information manually.
Out of all the other alternatives, we think Moneydance comes closest to Quicken.
If you found this article useful and would love to get more updates like this one kindly subscribe below, by entering your email and hit the share button to share to your friends.
CSN Team.
