If you chose a Mac instead of a PC when you purchased a new computer, you may need to make some adjustments to import your files. If you want to transfer your Quicken files from your PC to your new Mac, you need to prepare the old files for that process.
The Mac version of Quicken offers a different set of options and abilities than the PC version but Quicken does support exporting your PC files so you can import them on a Mac.
Quicken supports transferring your accounts, securities, transactions and categories to Mac. Go to your account list by clicking the "Tools" menu and selecting "Account List. For any account that has a name with more than 15 characters, right-click and select "Edit. Click an account in your account list and click the "Accept All" button under the Downloaded Transactions tab.
Go to the scheduled bills and deposits and click the "Cancel" button for each one with a repeating or pending status. Click the "Tools" menu and click "Category List.
For any security with a name that has special symbols, right-click and select "Edit. Use this same process to adjust ticker symbols so they all only have uppercase letters. Click the "Browse" button and navigate to the folder in which you want to use to store your QIF files. Enter "Security List. QIF" in the File Name field.
Click the "OK" button. Having a mobile, web-based personal finance program makes it easy to track your spending and expenses from anywhere.
Once you create an account with Buxfer and download the app, you can connect it your bank and credit card accounts. Once connected, your balances and transactions are added to Buxfer and automatically categorized. Creating a budget with Buxfer is easy. You set an overall spending limit for each week, month and year you intend to budget. You can use the categories to further refine your budgeting.
Should you purchase Quicken for Mac, or should you use something else? Find out from our in-depth review of Quicken for Mac. What version of Quicken are you currently using? If you're subscribed to Q or later, your subscription includes both PC and Mac versions.
The budgets are color-coded. Buxfer also has shared-expense tracking, which lets you send money to others, especially useful if you split rent or utilities with roommates.
Buxfer offers simple reports that help you visualize your spending. You can use the pie charts to determine what percent of your income you spend on various categories. Line graphs give you a quick view of your income versus your expenses. This program has tools to help you track your investments and monitor the progress of your portfolio. It syncs to your brokerage account and shows your balances and trades. In addition, it has reports that let you track your transactions and the performance of your investments.
Moneydance is an easy-to-use program that lets you categorize your spending so you can see how much you spend and what you spend it on. You can also sync to your bank and P2P lending accounts to directly import your transactions. With this method, you split your budget into envelopes marked with categories such as groceries, bills or entertainment.
You then purchase items with money from the envelope category they fall under.
Mvelopes lets you track your expenditures by assigning them to digital envelopes. When you exceed a spending limit, the envelope balance changes to red, and the program prompts you to address the situation by adding funds or letting it stay negative. This is a good way to visualize your spending and track where your money goes. For this most recent update, we spent 60 hours using 20 programs before settling on the best We chose not to include free services like Mint or Personal Capital, though we may reconsider in future updates.
We did look at both of these programs. Mint is one of the most popular personal finance apps.
It also offers a free credit score and has a wide range of alert options. To test these programs, we purchased or downloaded complete trials and used them to create budgets, connect to a bank account and monitor how well each program performs. We found that setting up your budgeting software can take some time, so be sure to give yourself an hour or possibly more. The best programs connect automatically to your bank, credit card or investment accounts directly. A few require you to import through Dropbox or another intermediary.
Once our transactions were imported, we let the program categorize them for us and began creating budgets. We noted the tools each program has to simplify the budgeting process, and whether you can copy the budget from month to month and set up recurring payments. To make sure we tested these programs for all manner of financial scenarios, we also looked at the tools for monitoring investments. Many of the programs at least give you an overview of your portfolios and track their performance. Mint, will help you find which one is right for you. Bad analogies aside, Quicken is more than just for our parents, and their most recent update acknowledges that we all have a multi-faceted financial life, from millennials to retirees.
Meaning, Quicken has something to offer everyone. When you consider the fact that the average tenure for Quicken users is ten years, I think that says something about how useful it is. Before I go into specifics, here are some things that you can expect from Quicken:. Just want to add this is too, when I contacted Quicken about helping out with this Quicken vs.
Mint review, they offered my team a virtual tour of their software. It was founded in , then acquired by Intuit in , and currently has over 10 million active users. Mint works on the premise that to understand your money, you need to have a full picture of your finances, looking at everything from your debts, budgets, bills, assets, investments, etc. Mint so you can find which is best for you. Quicken and Mint each have budgeting tools. Both have present categories that you can edit, like food, gas, entertainment, insurance, etc.
You can set limits in each category, get notifications when you overspend and edit all of these totals as needed. The difference with Quicken vs. Mint is that Quicken lets you breakdown each of these categories into subcategories, letting you toggle between the micro and macro level. Mint does subcategorize for you, but if you want to take a more active role, Quicken gives you the option. With Quicken you can also create rollover budgets, which is good for those power budgeters out there.
Both Quicken and Mint allow you to track any bills you link to their software, but Mint recently eliminated their bill pay option, stating that not enough users found it valuable enough. There are no fees to pay your bills through Quicken, which I think you should expect when paying for software. Depending on the bill, with Quicken you can also see some of your statements too.
In Quicken vs. If you are interested in learning more about Personal Capital, what I use to track my investments, read my Personal Capital review. With both Quicken and Mint, you can link any debt accounts credit cards, student loans, mortgage, etc. Quicken, though, has one really amazing feature, their Debt Reduction Plan. Their Debt Reduction Plan lets you see all of your debts in one place, then building a graph that shows how long it will take you to eliminate your debt. The cool part is that you can play around, increasing or decreasing the amount you pay each month, then projecting what that difference will make overall.
You can even see what it would look like to make a lump payment. They help you develop a plan for paying off your debt, it leans more towards the debt avalanche method — paying off loans with the highest interest rate first.