Comments on: Day 11) Online Money Management Tools (part 1)

By: Ben Dunlap

Ben Dunlap — Thu, 12 Nov 2009 23:45:41 +0000

@tom dejora, when I looked into it a year ago or so, I found that Bank of America, for one, does offer this kind of service on their website… and it’s powered by, you guessed it, Yodlee.

By: tom dejoria

tom dejoria — Tue, 22 Sep 2009 01:09:46 +0000

I, personally, think that all these money management features should be delivered by your own bank. Not some 3rd party, VC funded startup that may or may not be around in a few years.
Mint was just acquired by Intuit. Mint directly competed (for free) against Intuit’s Online Quicken. So what do you think will happen now? One of the products will have to change.

Another concern is security. Yodlee is the back end aggregator for Mint. I beleive they also do Geezeo. They get your data by “screen scraping”. Essentially they take your credentials and log into your sites for/as you. I dont like some independent/unregulated company doing this.

Dont get me wrong, they have GREAT software. The features are fantastic. I just dont like them having that kind of access and am keeping my fingers crossed that out the banks will soon start offering these services.

By: Good-Bye, Microsoft Money! 16 Powerful Personal Finance Programs | Lock in a good rate.com

Wed, 01 Jul 2009 12:46:34 +0000

[...] from other members. According to the intro video, Geezeo also has the ability to track investments. Mrs. Micah tried Geezeo and liked the goal-setting and community aspects of the [...]

By: Budgeting versus Expense Tracking « Where’s Our Money?

Budgeting versus Expense Tracking « Where’s Our Money? — Mon, 16 Feb 2009 02:32:35 +0000

[...] series wasn’t a big enough set-up, this month’s posts include some very insightful reviews of the current generation of expense tracking apps. I’ve tried most of the apps covered in the review, and many more that were not. The bottom [...]

By: mrsmicah

mrsmicah — Sun, 15 Feb 2009 23:26:45 +0000

@Jessica,

I have Quicken 2008 and haven’t had to buy a new copy. It does upgrade every few months, it seems, so that’s definitely a hassle. But I haven’t had to pay a think for those upgrades. I don’t have Quicken 2009, but I can still download statements. Just wanted to add that so people don’t get confused and think they’ll have to pay for Quicken after they’ve bought it.

It’s still a clunky interface, a bit of a hassle when upgrading. I’m appreciating YNAB’s simplicity.

By: Jason @ MyMoneyMinute

Jason @ MyMoneyMinute — Fri, 13 Feb 2009 19:40:20 +0000

@Colombian Coffee — yeah, that’s exactly my problem (wasn’t sure if I adequately communicated it in my prior comment). If I could move around some transactions, it would be perfect.

maybe I could creatively tag all entries I want for my February budget with “feb” tag?

By: ColombianCoffee

ColombianCoffee — Fri, 13 Feb 2009 19:23:22 +0000

I absolutely love Mint. I have a similar problem as Jason because WaMu generally does not update their system until a day or two after the actual transaction date so sometimes things are out of the correct month and it would be nice to have the ability to correct that. My favorite new feature is the ability to make up your own categories, so for example, I have an alcohol/bars budget and a coffee budget as opposed to others who might need a parasailing budget. It makes it easier to track things and see where you are off and where you’re on track and by exactly how much you need to adjust the next month to fall within your budget

By: Evaluating Wesabe, Buxfer, and Expensr

Evaluating Wesabe, Buxfer, and Expensr — Fri, 13 Feb 2009 12:03:00 +0000

[...] take on social networking. It’s not as open and doesn’t feel as integrated as Geezeo or Wesabe, but it does allow you to create contacts and groups. What I found most interesting and [...]

By: Jason @ MyMoneyMinute

Jason @ MyMoneyMinute — Fri, 13 Feb 2009 01:37:31 +0000

I’ve tried Wesabe & Mint. I like all that Mint has to offer so far. Wesabe seems pretty good, but logistically I had trouble uploading accounts, so I’ve stayed with Mint for the time being.

I also love the budgeting feature. My only issue is, that sometimes, bills that I have that are due near the beginning of a month, sometimes get paid early in the previous month. So Mint counts that towards my previous month’s budget, and throws off the numbers for both months.

If I can figure out a way to assign/tag certain entries that appear in one month but budget-wise belong to another month, it will be a one-stop shop for me!

Maybe a creative tagging method will work for me? Hmm…

By: Jessica

Jessica — Thu, 12 Feb 2009 15:28:32 +0000

I currently use Quicken software, but I’ve been considering switching to something else since Quicken has planned obsolescence, forcing me to buy a new version in a couple months so I can download my statements.

Plus, Quicken is a bit clunky-it over complicates what I want to do and has more features than I need or want.

I’ve been trying Mint, but there are two immediate downsides to it, at least for me.

First, there’s no register for me to manually track transactions. I don’t keep a paper register, but rather enter everything into Quicken. I don’t do the download feature from my bank because debits often take several days to show up and it throws me off. I could keep using Quicken for this feature, but I’m hoping to find an all-in-one program to keep things simply. Which might mean sticking with Quicken.

Second, my mortgage and car loan are through a small bank that doesn’t offer web account access for these loans. I think it would be nice to enter information manually for these loans.

The budget feature and interface are nice, however I do think the categories need work. It’s a minor issue, but I’m irked that they lump a bunch of categories under “shopping”. Maybe it’s me, but I feel like everything under that heading is frivolous. Toilet paper is an essential!

Good timing with the reviews, I’m hoping to find a Quicken alternative soon and this helps a lot.