Alternatives to MS Money

JBod said:
You spend that much? I have never understood the need for these programs. I can glance at my online statement and go "yup yup yup yup yup"... I spent that. I transfer exactly £2000 each month to pay my bills, anything that is left is fair game...
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and what about your shares, savings accounts, isa's, pensions?
 
Burnsy2023 said:
What functionality do you need? Is just to keep visibility of your income and expenditure to budget or what?
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a bit of everything - It more trying to prove a point to my wife about the overall spending we do as a family.

Despite numerous discussions/showing her on monthly statements etc, she is still not really comprehending that the "frivolous" spending is potentially stopping us making further long term savings etc.

As someone who has a wardrobe stacked with clothes, she doesn't seem to grab the idea that the 23rd pair of jeans she's purchased doesn't help!:D:D

I deal with most of the finances but trying to show her long term budget planning etc is something I would like her to see on the screen etc.

MS Money was always pretty decent, but looking at YNAB and Moneydance as well.
 
booyaka said:
a bit of everything - It more trying to prove a point to my wife about the overall spending we do as a family.

Despite numerous discussions/showing her on monthly statements etc, she is still not really comprehending that the "frivolous" spending is potentially stopping us making further long term savings etc.

As someone who has a wardrobe stacked with clothes, she doesn't seem to grab the idea that the 23rd pair of jeans she's purchased doesn't help!:D:D

I deal with most of the finances but trying to show her long term budget planning etc is something I would like her to see on the screen etc.

MS Money was always pretty decent, but looking at YNAB and Moneydance as well.
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I use money dashboard and for exactly the reason you mention, so I have awareness of my outgoings and how much I am putting into savings. It does pretty charts to reinforce the point, so take a look :)
 
Burnsy2023 said:
I use money dashboard and for exactly the reason you mention, so I have awareness of my outgoings and how much I am putting into savings. It does pretty charts to reinforce the point, so take a look :)
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Thanks - just had a gander at YNAB - looks nice and will give the trial a go. easy imports from account etc.

Thanks gents.
 
So do you have to go though every transaction in your staement an copy it into you need a budget or can it do it automaticaly?
 
Tefal said:
So do you have to go though every transaction in your staement an copy it into you need a budget or can it do it automaticaly?
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You can export from your internet banking the transactions ( as a .csv or qif file) and YNAB recognises the transactions.

Initially you need to categorise them as to what they fall into. mortgage/telephone/mobile/sky etc etc but as time goes on, it automatically recognises them as per your initial setup and does it for you.

So a bit of time at the start (just took me 15 mins for 50 odd transactions) but once they appear next month, they should automatically fall into the categories I have put them in.

THat's the idea anyway!
 
I was coming in to this thread to recommend YNAB. Been using it since March. Have saved quite lot since using it and manage our money much better now.
 
I'm still using MS Money as well - have over 15 years of data in it IIRC. Don't have a huge volume of transactions, so enter stuff manually.
 
PixieLandGirl said:
I'm with you, Excel all the way :D

Edit: This is my Excel tracking workbook.
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Cheers for sharing, I use something similar but not with that much depth!

For 2015 I may use yours as keeping track of my joint account is a nightmare.

Also I need a password to unprotect the sheets, could you share it or trust me it?
 
Been using YNAB for about 15months now.

First step was to realise how much we spent on takeaway meals :) my wallet and waist feels better for it
 
#Chri5# said:
I'm still using MS Money as well - have over 15 years of data in it IIRC. Don't have a huge volume of transactions, so enter stuff manually.
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Have also been using it for many years and always enter my transactions manually. Doing it this way means that when I reconcile my statement it is comparing what I think I have spent (entries in MS Money) compared with what the bank say I have spent (from my statement).
 
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