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Your Take: Do You Use Money Management Software?

Posted By Jim On 02/20/2009 @ 7:15 am In Your Take | 144 Comments

When I started working five years ago, I tracked my spending down to the penny. I wrote about my “Budget Bible” before when talking about financial leaks [3]. I felt that tracking my spending down to the penny was a great way for me to identify the areas I was spending and gave me an opportunity to review those areas. I didn’t realize it but that Excel spreadsheet was my first foray into money management software!

Back in 2003, there weren’t many personal finance tools out there. The tools that did exist were young and untested. Nowadays, there are plenty of personal finance tools [4] available to help you manage your money! You have the beautiful, feature-rich, venture-backed Mint.com [5], you have the big branded cash flow focused Quicken Online [6], and you have the relative gray beard of the bunch, Yodlee [7], all at your disposal.

Of the three, I’ve played with Mint.com and Quicken Online and use them sparingly. My question for you, on this fine Friday, is – Do you use money management software? Either online or offline? If so, which one? If not, why not?

As for this week’s bribe, I have a copy of Quicken Premier 2009 to give away to one lucky commenter. You don’t have to say you use Quicken or that you’ll try Quicken Online, you just need to leave a comment and share which software you use or if you don’t use any at all! Contest closes in one week, February 27th, and it’s void where prohibited. Good luck!

(Photo: paulworthington [8])


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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/your-take-do-you-use-money-management-software.html

[3] financial leaks: http://www.bargaineering.com/articles/financial-leaks.html

[4] personal finance tools: http://www.bargaineering.com/articles/best-online-personal-finance-tool.html

[5] Mint.com: http://www.bargaineering.com/articles/r/mint.php

[6] Quicken Online: http://www.bargaineering.com/articles/r/quicken-online.php?tag=YTmoneyMgmtSoftQ

[7] Yodlee: http://www.yodlee.com/

[8] paulworthington: http://www.flickr.com/photos/paulworthington/82648702/sizes/m/

Thank you for reading!