June 26, 2019

Quicken Alternatives

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Is there a good replacement for Quicken? Check out this list of alternatives (including free options) that can help you track and cut your spending.

Launched in 1983, Quicken is the one of the oldest online budgeting programs on the market. But a slew of newer, cheaper programs now offer the same benefits and services.

Read on for our list of the best alternatives to Quicken.

Personal Capital

Pros

  • Base service with most features is completely free
  • Shows credit, bank, and investing accounts
  • Features retirement goal setting

Cons

  • High fees and account minimum for advisory service
  • No budget creating option

How it Compares
Like Quicken, Personal Capital allow users to link all of their financial accounts, including investments.

Unlike Quicken, though, the platform doesn't allow you to create a budget. The program will break down your spending. It also offers retirement planning and investment checkups.

Personal Capital's simple interface allows users to see their investments and cash flow directly from the homepage. This overview is quicker to access than on Quicken, in which users must click through drop-down menus.

The basic service is free. An advanced financial planning option is available to users with over $100,000 in their accounts. It costs between 0.49% and 0.89% of the total balance annually.

Personal Capital has 24/7 customer support via phone or email compared to Quicken's limited live chat service ability, which is only available from 9 a.m. to 5 p.m. Monday through Friday.

Who Should Use It

  • Investors who want a detailed overview of their accounts
  • People with multiple financial accounts

You Need a Budget

Pros

  • Simple interface makes getting started easy
  • Free 34-day trial
  • Gives users access to wealth of resources

Cons

  • Costs $6.99 per month
  • No advanced investing tools

How it Compares
You Need a Budget, or YNAB, creates a budget by predicting users' expenses based on recurring payments, such as rent and utilities.

The app's budgeting plan holds users much more accountable than Quicken's software. It uses a strategy called "zero-sum budgeting." Every cent is accounted for, whether it goes toward groceries, rent, or savings.

YNAB also offers financial tools, such as daily webinars, to get users comfortable handling their own money. The service is an easier introduction than Quicken into the world of budgeting thanks to these features.

The first 34 days of YNAB are free. After that, the service costs $6.99 per month.

Who Should Use It

  • People seeking accountability in their spending habits
  • Those looking to make changes and cuts to their budget

Mint

Pros

  • Free to use
  • Tracking spending and monthly payments to create a budget
  • Offers investment tracking

Cons

  • Often experiences errors keeping accounts linked
  • Investment tracking features are limited

Just like Quicken, Mint lets users link their financial accounts to track all individual transactions. Mint categorizes each expense and creates a suggested monthly budget based on past spending.

Unlike Quicken, Mint doesn't offer bill pay through the app itself. The app's basic over-time investment chart is also less comprehensive than Quicken's extensive investing tools, which include portfolio analysis and performance reports.

Mint is free and available on both desktop and mobile devices.

Who Should Use It

  • People looking to dabble in creating a budget without committing to a monthly payment

EveryDollar

Pros

  • Easy to use interface
  • Zero-sum budgeting accounts for every dollar's use
  • Dave Ramsey's seven "baby steps" are built in
  • Free 15-day trial of paid version

Cons

  • Transactions must be manually input in free version
  • Paid version is expensive
  • Only available in U.S. and Canada

How it Compares
EveryDollar takes a "baby steps" approach to financial success using seven simple goals. The app uses zero-sum budgeting to makes users track every cent, even those in savings.

Since EveryDollar is solely focused on budgeting, it offers no investment tools. The basic free version does not allow users to automatically sync their transaction history, which means they must enter each individual transaction.

EveryDollar's paid account, featuring automation and other financial tools, costs $99 per year.

Who Should Use It

  • People who want to curb their spending
  • Those looking to set itemize budget limits

PocketSmith

Pros

  • Advanced tools show expected net worth years into the future
  • Basic version is free to use
  • Can link to investing accounts
  • Creates budget calendar that syncs to personal online calendars

Cons

  • Mid-tier account level costs $9.95 per month, while highest costs $19.95
  • Most in-depth versions of tools only available at highest pay level
  • Free version requires manual transaction input

How it Compares
PocketSmith offers state-of-the-art tools for users willing to pay a monthly fee.

The app focuses on "forecasting" based on their current expenses, income, and spending habits from their linked financial accounts, including investments. This forecast comes in the form of a downloadable calendar that can sync up to Google, Android, and Apple devices.

The basic, free version of PocketSmith offers 6 months' worth of financial projections at a time. This does not include automatic account syncing—users instead have to enter each transaction manually.

Paying $9.95 or $19.95 per month grants access to up to 10 or 30 years of projections, respectively.

Who Should Use It

  • Budgeters planning their financial future

Tiller

Pros

  • Automatically files all financial information into Google and Excel spreadsheets
  • Users can customize spreadsheets to fit their needs
  • Shows daily feed of all transactions, spending, and balances

Cons

  • Does not support investment accounts
  • Spreadsheets can be confusing to newer budgeters
  • Costs $59 per year

How it Compares
Tiller Money is the ultimate budgeting service for a spreadsheet lover. The web-based program divides your finances into one of several budgeting templates. Users can also create their own templates.

Tiller offers a simpler, more direct organization system than Quicken's multiple drop-down menus. Tiller concentrates on straightforward budgeting without the extra features of some other systems. It offers no investment account tracking.

The platform is free for the first 30 days and costs $59 per year afterward.

Who Should Use It

  • Those who love using spreadsheets

PocketGuard

Pros

  • Can link to bank, credit, loan, and investment accounts
  • Basic app is free to use
  • Available as app
  • Automatically builds budget suggestion based on income, goals, and bills
  • Allows users to set spending limits

Cons

  • Only available as app
  • Advice may be too simple for advanced users
  • Cash tracking and custom categories only available in paid plan
  • Only available in U.S. and Canada

How it Compares
PocketGuard allows users to plan monthly budgets by tracking spending and allotting money to bills. This program creates an actual spending limit for every category based on a user's previous transactions.

Quicken does not offer this feature, instead relying on users to set their own monthly maximums.

PocketGuard also lets users set monthly sending notifications to stay on top of their money without having to open the app.

The basic account is completely free. A PocketGuard Plus account, which offers the abilities to track cash spending and create custom spending categories, is $3.99 per month or $34.99 per year.

Who Should Use It

  • Anyone looking to simplify their monthly budget with straightforward tools.

CountAbout

Pros

  • Can import data from Quicken and Mint
  • Reflects all transactions, not just those already processed by the bank
  • Free 15-day trial

Cons

  • Only offers automated transaction syncing with premium paid service
  • No free basic account
  • Does not offer investment tracking
  • Lacks advanced budgeting features

How it Compares
CountAbout is a basic budgeting tool that allows users to import data from Mint or Quicken. The free account requires users to manually enter all of their financial transactions.

Just like Quicken, the paid version automatically syncs transactions across all of a user's linked accounts. But CountAbout shows even transactions that have not yet been processed.

A basic CountAbout account, which includes everything but automated account syncing, costs $9.99 per year. A premium account costs $39.99 per year, though the app does offer a free 15-day premium trial.

Who Should Use It

  • Those transitioning from Mint or Quicken who need to keep their old data.

MoneyDance

Pros

  • In-app bill pay
  • Provides investment tracking
  • One-time payment
  • Locally-stored data keeps users' data on one device

Cons

  • Difficult to import data from Quicken
  • Dashboard can feel overwhelming with too many tools at once

Unlike most other budgeting programs, MoneyDance doesn't upload your data. Your information is saved only to your hard drive—unless you choose to download the app to their phone or to sync to another computer.

The program offers advanced financial tracking and budgeting tools, such as graphing, constantly updating international currency conversion rates, and more. It also supports linking investment accounts.

MoneyDance costs $49.99 once for lifetime access, not including updates. If user wants a newer version of the program, they will need to purchase MoneyDance again.

Who Should Use It

  • Anyone wary of uploading their financial data to "the cloud"

Goodbudget

Pros

  • Uses zero-sum budgeting to account for every earned dollar
  • Envelope system can help users visualize their budget
  • Multiple users can access same budget

Cons

  • Free version only allows one synced financial account
  • No email customer support with free version

How it Compares
Goodbudget uses what it calls an "envelope system" to help users see how much money they spend on each expense. The system works similar to zero-sum budgeting: users allot a set amount of money to one "envelope."

The platform doesn't restrict users from spending if they go over their allotted amount, but it does notify them. Quicken, on the other hand, trusts users to create and track their own monthly allowances.

The basic version, which only allows one financial account, is free, while the paid version, which unlocks unlimited synced accounts and envelopes, costs $6 per month or $50 per year.

Goodbudget lets users share a budget with a roommate or spouse.

Who Should Use It

  • People who want to track spending in specific budget categories
  • Couples or roommates who split household expenses

Bottom Line

Budgeting is a crucial step for those seeking financial freedom. Luckily, a number of apps and programs can help you build a budget that fits your lifestyle and preferences.

Most of the programs on the list offer a free trial period. Take advantage to test out their service before you commit.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

More from CreditDonkey:


How to Make a Budget


Best Investment Apps


Quicken Review

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