topic Re: Software for personal finances in Personal Finance

Software for personal finances

xenon3030 — Fri, 07 Feb 2025 02:04:53 GMT

I am looking for a personal finance software to track some tasks like checking/saving accounts, credit cards, mortgage and stocks. It is good if it can have a life-time license with a resonable price (but not monthly subscription).

Which software do you recommend?

As a bonus, it would be good if it can be compatoble to TurboTax to import its files for taxation.

Re: Software for personal finances

FicoMike0 — Fri, 07 Feb 2025 05:24:02 GMT

I use libreoffice templates. Some homemade calc sheets too. I'm sorta diy.

The license is reasonable, it's free. They don't try to push upgrades on you either, like windoz.

https://www.libreoffice.org/download/download-libreoffice/

I use the version that comes with

https://linuxmint.com/

But it's also available for windoz and mac.

I've found it works just like msoffice, imports/exports their files. I've even written msbasic macros that run in calc just like excel.

Re: Software for personal finances

xenon3030 — Fri, 07 Feb 2025 05:35:19 GMT

I already have Microsoft Excel. I am looking for a software like Quickbooks or Quicken to pull the data from banks and brokerage accounts and afterward, do financial analysis. It would help taxation much easier, since these data can get imported to TurboTax.

Re: Software for personal finances

jcar — Fri, 07 Feb 2025 14:56:32 GMT

What about the Mint App? I downloaded it years ago but never really used it. I don't remember all its features but you could at least look into it to see if it would be helpful.

Re: Software for personal finances

House1204 — Fri, 07 Feb 2025 17:36:19 GMT

@jcar wrote:
What about the Mint App? I downloaded it years ago but never really used it. I don't remember all its features but you could at least look into it to see if it would be helpful.

I believe that Mint has been integrated into Credit Karma and is no longer available.

Re: Software for personal finances

xenon3030 — Fri, 07 Feb 2025 18:02:24 GMT

Quickbooks Enterprise 2021 lifetime license is around $69 (desktop version). This finance software is typically for businesses while it can be overkill for personal finance

PS: QB moved to a monthly subscription in late 2021. So, it is possible to count on the lifetime licenses for the year 2021 or older.

Re: Software for personal finances

FicoMike0 — Sat, 08 Feb 2025 03:59:50 GMT

Here's one I've heard works like quicken

https://kmymoney.org/

Re: Software for personal finances

xenon3030 — Sat, 08 Feb 2025 21:12:57 GMT

So far, to track stocks/IRA accounts, I found Empower (Personal Capital) and Fidelity Full View. They work nicely and they are free.

For checking/saving/credit card accounts, Mint was a good free option, but it got discontinued and integrated into Credit Karma. Several users were unhappy from this CK service. CK also have several issues with login for some users including me (needs SSN to renew password) and I stopped using CK for a year. So, I am searching...

Re: Software for personal finances

pernetflowuser — Sun, 16 Feb 2025 16:40:37 GMT

I use PerNetFlow to manage my net cashflow for the next 12 months (income, spending, bills, credit cards, sinking funds, and short- and long-term savings). It has no tax functions (I have a CPA for that), but, I use it to maintain my debt-to-income ratio and net worth. After a 60-day free trial, a lifetime license is very reasonable.

Re: Software for personal finances

Copenix — Tue, 18 Feb 2025 11:33:09 GMT

Personally I am using MoneyWiz 2025 (iOS/macOS) that connects with various institutions. It's an annual license as far as I remember - I have used it for 2 years now - and pretty happy with it.

Re: Software for personal finances

Windchill92 — Sat, 22 Feb 2025 01:37:48 GMT

@xenon3030 wrote:
So far, to track stocks/IRA accounts, I found Empower (Personal Capital) and Fidelity Full View. They work nicely and they are free.

Full View works, but just barely. It miscategorizes ≥ 30% of my transactions and transfers.

It'll randomly lose connection to some linked accounts...and ironically, linking the Fidelity Rewards VS back into full view is more difficult than it should be (haven't figured it out yet).

Re: Software for personal finances

Minimalist — Sat, 22 Feb 2025 02:56:14 GMT

Not free (but well worth it in my view) but I use YNAB (YNAB.com) which you can export to TurboTax or Excel. You can display budgeted accounts, and have 'tracking' accounts that don't directly affect your budget, but can be included in Reports (net worth, income/expense, etc.). $109 a year for a subscription (after a 34-day free trial), but it's paid for itself several times over.

Re: Software for personal finances

xenon3030 — Sun, 23 Feb 2025 05:46:26 GMT

@Windchill92 wrote:
Full View works, but just barely. It miscategorizes ≥ 30% of my transactions and transfers.

I saw it also. Empower is good to track IRA/brokerage, but not great for CC/checking (searching for a free option or a lifetime license).

PS: I tried QB desktop version 2021 (a lifetime license purchase) but it was not supporting online banking any more. Several intuit products were moved to the subscription style. After several back and forth emails, finally I could get refund

Re: Software for personal finances

catherinebennett — Wed, 26 Feb 2025 06:05:27 GMT

Check out Moneydance, Banktivity (Mac only), or AceMoney for one-time purchase options. If TurboTax compatibility is a priority, Quicken is the best choice, though it leans toward subscriptions.