Quicken Alternatives 2020

Daniel Penzing
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What Replacements Are Available? (Some Are FREE!)

Quicken is an old name in the personal finance world. It’s been around for over 30 years. While it’s popular, by no means is it the only game in town. There are several other programs that are available, and they offer similar functionality and features, so what’s the best replacement?

A lot of action happens on the Mac nowadays, and there are a few great apps that will probably meet most people’s needs. Some great programs that are available on all three platforms are Moneydance and Personal Capital.

Both are free to use for transactions and tracking expenses – but the paid versions allow you to link up your bank accounts, so you can see a complete picture of your finances and your net worth.

If you’re feeling a little more adventurous, you might want to give GnuCash a try. This open-source program won’t cost you a cent – not even for transactions. It’s not as pretty, but it has a very similar feature set.

If you’re on the Microsoft platform, you probably already know that Microsoft makes personal finance software as well. It’s called Microsoft Money (or MS Money).

Best Quicken Alternatives By Feature

Quicken software is well known for their range of financial features. One of the biggest reasons Quicken is so well known is because it’s not just a few features. It offers a huge range of innovative features that make managing your money easier.

Tools that Can Make You Money

One of the biggest benefits of using Quicken is that it’s actually a moneymaking tool. Quicken has everything you need to manage your day to day life but is designed to help you earn the most of your financial situation on a long term basis.

Quicken is the perfect tool for managing investments, tracking stocks, or making the most of your budget. You can consider Quicken a personal money making tool. The tool comes with a range of features for you to make your money work harder for you.

The following are just some corners of the tool that can help you earn more money in different ways:

Ll Monitor your investments and stocks:

Ll Quicken allows you to track your investments. You can track stocks from multiple sources, including major exchanges such as the NYSE. You can also track other investment options like bonds and commodities. The tool can provide details, including interest payments, dividends, and any gain or loss in value during different periods.

Ll Boost your savings:

Personal Capital

Wealth management has evolved thanks to companies like Personal Capital. This platform is incredibly user friendly as well as scalable, so you are able to determine your own portfolio’s allocations. It shows you your specific balance, including any assets not connected to your portfolio. Your wealth can be measured in dollars or as a percentage of your net worth. The platform also shows you tax-loss harvesting, net worth by age, liquid net worth, and non-liquid net worth.

However, we believe that Personal Capital’s most amazing feature is the Investment Checkup. It shows you your entire investment plan. Although unlikely, it’s possible that if you’ve built your plan yourself or used older software, there could be a mistake within it. Personal Capital will show you how much of your money is invested in stocks, bonds, mutual funds, ETFs, Individual Stocks, cryptocurrencies, and more.

Your risk tolerance is also taken into consideration. There is a customization available to either accept your plan or make changes to certain allocations. Plus, you can set the risk tolerance to whatever you are comfortable with. You can set up the account for free, but in order to utilize the full platform, you will need to upgrade to the Premium level.

Pros:

  • Separate FI and non-FI accounts
  • Monitor investments, account history, trading, and cash

Betterment

Betterment is a robo-advisor aimed at helping investors buy low-cost index funds. Unlike other robo-advisors, they only manage investments for taxable accounts. In 2017, Betterment added a Youth Savings Plan that allows parents and custodians to open a savings account on behalf of their minor children.

Betterment achieves its low-cost structure by using technology to streamline the investment process. On the customer-facing side, clients use web or mobile apps to view their accounts, make changes, and engage with Betterment. On the back end, there is a built-in education system, the Betterment service platform, that reduces the number of customer support hours that Betterment needs to provide.

Betterment has no account minimums, no account fees, and no product commissions. Free one-way transfers and free direct deposits are available for the Betterment Youth Savings Plan.

Interestingly, Betterment is both a broker-dealer and a Registered Investment Advisor (RIA). As an RIA, they only manage investments, do not sell securities, and are therefore subject to fewer regulations. As a broker-dealer, they are subject to more regulations but will likely have greater access to financial markets.

YNAB

PLUS vs. Quicken Personal Finance Software

When you’re looking for the best budgeting plan for your personal finance, what options do you have? You might be surprised to learn that Quicken is not your only option. Personal finance software is available from several companies, including three that compete head-to-head with Quicken:

In the following paragraphs, we’re going to review these three options to see which is the best Quicken alternative. Let’s start with a brief overview of the companies behind each of the products.

Mint

When you talk about personal finance software, the first name that comes to mind is Mint. Mint is owned by Intuit, the company that also owns Quicken. In fact, before Mint came along, Intuit dominated the personal finance software market. Now that Mint offers free online budgeting tools, Intuit doesn’t get as much money from customers who are going to switch from Quicken to Mint.

Moneydance

This is a robust and versatile money management system, offering almost everything you can imagine in terms of budgeting, tracking and organizing your finances.

What sets it apart from Quicken is that it is a completely free program. It is open-source and compatible with both Macs and PCs. Moneydance is lightweight and easy to use, with an interface that is easy to navigate. It is also mobile-friendly, so you can use it on your smartphone.

This password-protected program is very secure, with documentation that ensures it is safe for use. In fact, Moneydance’s creators claim that it is one of the most secure software programs in the world.

Moneydance is compatible with both Windows and Mac computers, and its user-friendly interface makes it very easy to use.

Moneydance also offers users the same features you’d expect from a program of this caliber, including budgeting, tracking, investment management, categorization, and the ability to import files from bulk CSV and QIF files.

It’s also possible to import transaction data from your bank accounts to maintain a complete history of your income and expenditures. However, Moneydance doesn’t sync with any bank or credit card accounts, so you’ll have to manually enter transactions.

PocketSmith

PocketSmith is an excellent Quicken alternative, it has many similar features to Quickbooks like the budgeting, invoicing and tracking. What sets it apart is it’s layout, it’s simple and easy to use.

It’s a cloud based app, you can access all your accounts from your computer, phone, or tablet. It is extremely flexible, you can create your own categories and you can create your own budget plans.

It also has many excellent reporting features, you can create your own reports based on income, budget, expenses, balance, etc. PocketSmith is an excellent alternative to Quicken.

CountAbout

For Windows is a free alternative to Quickbooks and Quicken.

If you looking for free alternatives to Quicken or Quickbooks, you’ve arrived at the right place.

QuickBooks Online

If you’re looking for a QuickBooks alternative, you may want to consider using QuickBooks Online. In 2014, QuickBooks Online accounted for 22.37 percent of the market share, making it the second largest QuickBooks alternative behind Sage (15.56 percent). The biggest advantage of using QuickBooks Online is its ease of use. Unlike Best Buy (its biggest competitor), QuickBooks Online doesn’t require set up and training. And it works on mobile devices, so it’s very convenient if you want to take your files with you. Wiley’s Aaron Hernandez mentioned in his book, Top 25 QuickBooks Alternatives, that QuickBooks Online is the best software to use for a profitable small business. If you’re just starting a business, this service is a great way to get your accounting needs taken care of. It’s not the cheapest QuickBooks alternative available, but it’s cost-effective since it’s easy to use and requires no technical training.

Moneyspire

Moneyspire is a very simple but useful personal finance management program. It is primarily designed for Mac and Windows users. The application has limited options to manage your money. What the application has in return is a simple, clean user interface. Beginners will find it easy to use and will learn the software quickly. Those who want to manage their finances quickly, accurately, and clearly will appreciate the product.

Moneyspire has an intuitive design and desktop application. This program can import and export various formats such as QIF, QFX, and OFX. It can work with most major banks and financial institutions. If you are looking for advanced features, you will not find them in Moneyspire. But that doesn’t mean you cannot track your expenses effectively. The software is feature-rich in its domain.

You will be able to see your transactions with the simple click of a button. If you want to see the transaction in detail, you can do that, too.

The software has dynamic cash flow forecasting, email alerts, and password protection. It allows you to work with multiple currencies and in multiple accounts. The software has a quick start menu that allows you to add transactions and categories. You can also export your data to another program or device.

Banktivity

Vs. Quicken

Banktivity is the perfect solution for anyone who wants to make managing their money more efficient. Quicken is an excellent, popular and established personal finance software, but unfortunately Quicken isn’t a great choice for everyone. Banktivity can help more people – and it’s less expensive!

Banktivity can help you:

  • Automate your budget and bills
  • Track your investments and net worth
  • Invest with your 401(k)
  • Access your accounts on all your devices

Banktivity is a great Quicken Replacement. Banktivity can help you get your finances under control and get the most out of life.

It’s time to free up your time and attention from your finances. Banktivity takes the stress out of money management. As a replacement for Quicken, Banktivity makes managing your personal finances fast and easy.

With Banktivity, you can spend less time worrying about where your money is – and more time enjoying it. Banktivity is the best solution for helping you get your finances under control. You deserve better!

Investment Tracker

YNAB/Ow.ly Syncing

Tiller Money

Vs. Quicken

When you are looking to select a new budgeting software, we know it can be hard to look at all the options and make a decision. Comparing Quicken and Tiller helps people when choosing a budgeting and bill paying software.

Quicken, an Intuit software, is one of the leaders in personal finance management. It is easy to use and covers the majority of finance management. However, it is not a great choice for people who are looking for a consistent service. While you can use Quicken for a one-time or annual budget, you need to find another product if you want to use it all the time. This makes it more suited for people who want to budget all at once, and then don’t need features like automatic updates.

SaaS budgeting software like Tiller provides smooth functionalities that make budgeting and expense tracking less of a hassle. Tiller is a cloud-based solution that is flexible and economical for a variety of businesses. All you need to do to maintain your budget is enter your expenses at the specified time and spend. You can try Tiller free for 30 days. If you want to use a product that can adapt to your needs, Tiller is a great choice.

Quicken vs. Tiller

Both Quicken and Tiller allow you to view your finances and manage your bills from your computer or smartphone.

What's Wrong With Quicken?

Quicken is a product from Quicken Inc. that originally acted as a personal finance management program. It was created by Dan and Robert Frank in 1985. As computers became more mainstream, Quicken was updated to interact with personal computer systems. This allowed users to enter and monitor their financial information more easily. The program continued to be updated as more capabilities became available. In 2015, Quicken introduced a variation that allowed users to connect and manage their financial information on the go. This variation was called Quickbooks Online and is accessible as an app for both Apple and Android devices.

Today, however, Quicken has become more of an obsolete product as its functions have been replaced by more modern versions. This is mainly due the changes that occurred in the accounting industry as companies and users began to move to more simple, less costly solutions. Ever since, companies have been leaving Quicken, and the company has struggled to keep its users.

Other factors that contributed to the program being obsolete included:

  • Intricate User Interface
  • Difficult to Read Reports
  • Difficult to Navigate Solution
  • Installation/Download Problems
  • Reliance on Third-Party Software
  • Free Trial

What About Quicken Online?

Quicken is an amazing money management tool, and it can get even better. The problem with Quicken is that it is not free. So, they also have some great free online money management tools that you can use.

When you take your desktop version of Quicken to online, there are still some great tools that you can use and there are a couple of things that are different too.

One of the most important things to remember is that you don’t have access to all of the features if you go online.

However, unless you are using Quicken Canada, everything else is on the table.

This is a really great, positive step for Quicken users. When you use multiple versions of Quicken on your computer at the same time, they don’t always play nicely together.

This is true of the online version as well. If you are using Quicken Windows on your desktop and Quicken online on another device, you can’t sync them.

However, do not worry, once Quicken is fully released, they are hoping to change that.

In the meantime, if you do use both, make sure to note any information that you have entered twice.