If you’ve finally had it with the Mac version of Quicken, we’ve taken a closer look at the best Mac personal finance software of 2018.
The decision to make Quicken 2018 for Mac subscription only was the final straw for many Mac users who were already tired by years of inadequacy compared to the PC version of Quicken.
If you’re one of them, the good news is that nowadays there’s plenty of excellent budgeting and money management software on Mac some of which like Personal Capital are even free.
You’ll find all of the software featured here are either specifically made for Mac or are cloud based and both look and work great on macOS.
Here then is our list of the best alternatives to Quicken for Mac in order of ranking.
The most important thing you should look for in any financial planning software is whether it actually helps you improve your finances?
Personal Capital does this better than any Mac personal finance software we’ve tried but not only this, it’s free to use.
Around 1.6 million people now user Personal Capital and there are several compelling reasons that make it our top alternative to Quicken on Mac.
- It’s free. Yes, hard to believe for a personal finance software worth its salt but Personal Capital is 100% free to use for as long as you want with no limitations. Personal Capital uses a unique business model which only charges you if you decide you want a personal consultation with one of it’s own Financial Advisors. This is completely optional and not obligatory but is there if you want it. If you choose a consultation, you get charged a small commission but the truth is, the app itself is so good that you can easily manage your finances and maximize your investments without consulting an advisor unless you’ve got some serious cash to splash.
- It syncs accounts seamlessly in one place. If you’re tired of constant syncing issues and problems with Quicken, Personal Capital is a breath of fresh air. It syncs extremely well with all major financial institutions, aggregates your accounts and makes it easy to get an overview of your finances. This includes checking, savings, 401k, mortgage and investment accounts. That’s not to say that hiccups don’t happen as much depends on technical changes made by financial institutions but it’s so much painless than Quicken. You can also download any transactions synced with Personal Capital in CSV format.
- It analyzes your investments to save you money. What makes Personal Capital different to many budgeting apps is that it also helps you save money on existing investments. One of the ways it does this is via a fee analyzer and an investment analyzer. For example, the retirement fee analyzer immediately identifies areas where you may be getting ripped-off or over charged with 401K admin or management fees.
The investment analyzer does the same for your investments to see where your existing investments and holdings can be diversified to improve your returns.
- It helps you plan for the future. By telling Personal Capital exactly how much income you expect to have in retirement, Personal Capital calculates exactly how on or off track you are. It can also assess the impact on your 401k of major life events such as the birth of a child, illness, college fees etc. It also has a comprehensive cost of living retirement calculator which gives you useful insights into your average net worth by age. In fact Personal Capital is easily the best retirement planning software for Mac available.
- It’s as secure as any bank out there. The biggest concern when using Cloud based finance apps is whether you can trust it with your financial credentials. Like any major financial institution, Personal Capital is registered with the Securities and Exchange Commission (“SEC”) and has to adhere to the same security standards and procedures. What’s reassuring about Personal Capital is that it doesn’t actually handle your log in details at all. It uses Yodlee which is a highly secure financial credentials management system used by major banks and investment institutions worldwide. This is bank level, military grade security that’s about as secure as it gets nowadays. Even if your account were somehow compromised, you can’t transfer money using Personal Capital so your funds cannot be touched anyway. There are other measures that Personal Capital takes to encrypt and protect your data which you can read more about here.
- You can talk to a human if you want to. Sometimes an app just isn’t enough if you really want to grow your money. Especially if you’re investing large sums, Personal Capital allows you to consult with a Personal Capital advisor who can make specific recommendations based on your personal situation and minimize tax liabilities. You need a minimum of $100,000 to use this service and Personal Capital charges a commission for it but for serious investors, this is a unique bonus the the app. Personal Capital obviously encourages you to use one its Financial Advisors but there’s no hard sell if you’re not interested.
- You can check your finances on the move. The Personal Capital iOS app is one of the best personal finance apps for iPad or iPhone we’ve tried, allowing you to manage and monitor your finances wherever you are. It’s clear, easy to use and has lots of features compared to most mobile budgeting apps.
Of course, it’s not all perfect. The reporting and spending analysis in Personal Capital isn’t quite as robust as Quicken. Also, if your bank makes changes to it’s API (the way third party apps communicate with it) Personal Capital can have trouble connecting to your accounts but this is a problem faced by all money management apps with bank sync integration.
We wouldn’t hesitate in recommending Personal Capital as an alternative to Quicken for Mac. It not only helps you manage your finances better but it manages your investments too and it’s so convenient to have that all in one app.
You can see a full comparison of Personal Capital vs Quicken For Mac below.
Personal Capital vs Quicken For Mac
|Personal Capital||Quicken For Mac|
|All Accounts In One Place|
|Financial Advisors Available|
|Personalized Investment Strategy|
|Tax Loss Harvesting|
|401k Fund Advice|
|Portfolio Risk Assessment|
|Compare Mutual Funds|
|Track Cost Basis & Capital Gains|
|Income & Expense Projection|
You can start using Personal Capital for free to judge for yourself.
For more information, you can check out our full Personal Capital review.
You can also watch an overview of how to use Personal Capital below.
Moneyspire (formerly known as Fortora Fresh Finance) is a popular personal budgeting software for both Mac and Windows. It doesn’t store your accounts in the Cloud and doesn’t require you to upgrade regularly or subscribe like Quicken.
Moneyspire Connect supports over 9000 financial institutions so it’s safe to say, your bank is probably supported if Direct Connect doesn’t work for any reason.
Moneyspire is a very complete alternative to Quicken on Mac which tracks bank accounts, credit cards, loans, investments and more.
You can set bill reminders, budgets and generate detailed reports and charts to monitor your outgoings and if you run a small business, you can also create professional invoices and track payments.
It can even print checks which most finance apps no longer support anymore on Mac.One of the things we like most about Moneyspire is that it doesn’t over complicate things. It gives a very clear overview of everything from accounts and details of spending to bill reminders and budgets.
The Bill & Deposit Reminder provides a very clear overview of upcoming payments:
You can generate detailed reports and charts to see exactly where your money is going to make tax reporting less stressful and much easier.
Other useful features in Moneyspire include Balance Forecast, Reconcile Statements, Online Banking, Import & Export of Data, a Mobile App and Cloud syncing.
You can import QIF files from any other financial application including Quicken and likewise, export your accounts to QIF if you move to another budgeting application.
If you’ve got a lot of accounts saved in Microsoft Money on Windows, Moneyspire can also import MS Money files. There’s also a Moneyspire app for iPad and iPhone which allows you to check your account balance, see upcoming bills and keep an eye on how your budget is doing.
Moneyspire has simplified its pricing policy and there’s now just one version of Moneyspire for $59.99 which includes Direct Connect access. The more reliable Moneyspire Connect service however isn’t included and costs an extra $49.99 per year.
You can also download a 30 day free trial of Moneyspire. If you do decide to purchase it, you have a 60 day money back guarantee if you’re not happy with it. Unlike with Quicken, updates to Moneyspire are free but major updates usually require an upgrade fee but the good thing is you’re not locked into a monthly subscription like with Quicken.
Pricing: $59.99 – Free Trial
Banktivity (formerly iBank) is designed specifically for Mac and has long been one of the most popular desktop replacements for Quicken on Mac.
Long before Quicken for Mac, Banktivity supported things like online banking integration, bill pay, envelope and full year budgeting, loan amortization and multi-currency support. Some of these things have now been introduced int the latest version of Quicken 2018 for Mac but Banktivity still remains a very good personal finance app for macOS.
Here are some of the things we like the most about Banktivity:
- Account Importing: Banktivity will import your accounts from Quicken and other finance software. Although it’s not perfect, the import tool does a pretty good job and saves valuable time manually entering old accounts. You can see how this works below.
- Bank Syncing: Banktivity will automatically connect to and download transactions from your bank or other financial institution in real time. It offers various ways of doing this with the most reliable and widely supported being Direct Access. Direct Access is Banktivity’s own syncing service and generally works very well although it costs an extra $44.99 on top of the cost of Banktivity. Other free ways of connecting are available though.
- Detailed & Customized Reports: The reports generated by Banktivity are very well organized due to tags and categorization. There are Quick Reports for instant overviews of the essentials and you can create highly customized reports for virtually any kind of spending.
- Budgeting: Banktivity supports traditional and envelope budgeting with useful setup wizards to get you going. You can filter budgets by time frame to see exactly when you’ve gone under or over budget and set budgets for scheduled and unscheduled expenses.
- iPad, iPhone and iWatch Apps: Banktivity is designed exclusively for the Apple ecosystem with iOS apps to help you monitor and enter transactions on the move. The apps sync with the desktop version of Banktivity and there’s even an iWatch app with spending alerts to help keep you on budget.
Investment management isn’t Banktivity’s strong point but there is a separate free Banktivity Investor app (formerly iBank Investor) which syncs investment data specifically. So for example, you can see all of your holdings with the current gains or losses in real time with data pulled from Yahoo Finance.
Alternatively, you can buy direct from the developer IGG Software which offers a 90-day money back guarantee.
For a more in-depth look, you can also read our full Banktivity review.
Moneydance has many satisfied customers that previously used Quicken and is an excellent equivalent to Quicken on macOS. Although Moneydance now works on both PC and Mac, it was originally designed just for Mac when it was released in 2005 and there are still older versions for Snow Leopard and PPC Macs available.
Moneydance has all of the features of Quicken including online banking and bill payments, bill attachments and has much better investment tracking and budgeting tools than Quicken.
Moneydance is particularly good at handling investments and transactions in multiple currencies so is an excellent choice for those that hold investments or make purchases in currencies other than US dollars.
Moneydance provides a very clear overview of your finances. It gives you all the essentials such as account balances, upcoming and overdue transactions and exchange rate information. The calendar overview is particularly useful for a quick oversight of upcoming credits and debits so you can manage your finances for that month more easily.
To access more details for an account, simply click on it and you can enter transactions or reconcile it against a statement. Clicking on a transaction reminder will display a window where you can automatically record the transaction.
Importing Quicken data is simple enough. All you need to to do is export a QIF file from Quicken and then import it into Moneydance. It’s recommendable to import all of your Quicken accounts into one QIF file otherwise the import process can be a bit messy and complicated.
This is particularly true if you want to avoid duplicate transactions which can be tedious to clean-up manually. This can also be a problem when importing QIF files from banking institutions – you may find that some transactions are duplicated and need to remove them manually.
Like Banktivity, one of the main reasons Mac users have switched to Moneydance is the online banking features. Moneydance will automatically download transactions and make bill payments to hundreds of financial institutions. It also intelligently learns how to automatically categorize and sort downloaded transactions so that they are easier to manage. This is useful when it comes to recognizing ledger history and auto-suggesting similar payee entries.
In general, Moneydance is very reliable when it comes to syncing and downloading online banking and investment house statements and in this respect, it’s more solid than Banktivity’s Direct Access feature. Note that it only downloads account data, it won’t download credit card transactions.
Investment tracking is also easier to navigate and more powerful than Quicken, with support for stocks, bonds, CDs and mutual funds among others. You can see the total value of your investments or the performance of individual stocks and mutual funds over time. Moneydance will also download stock prices automatically in real time.
Moneydance also has some powerful reporting tools that compare favorably with Quicken and it can generate reports for any of your accounts, savings or investments. You can save graphs and export them to PNG format for sharing.
Unlike Banktivity, the Moneydance iPad and iPhone apps are both free from the Mac App Store so you can manage your budgeting on the move. However, the Moneydance mobile app is more limited than the Banktivity iOS apps – it’s only really useful for manually inputting transactions on the move.
You can’t search transactions, it can’t hold more than 12 months worth of data and there are no budgeting functions. Slightly concerning though is the fact that Moneydance only syncs the Mac and iOS app via Dropbox which doesn’t feel very secure compared to Banktivity’s encrypted Direct Access features.
One unique feature of Moneydance is the ability to extend its functionality with add-ons and extensions. These include such things as Balance Predictor based on previous transactions, Debt Insights and a Find and Replace extension which is useful for removing duplicate transactions from imported Quicken or banking files more easily.
Moneydance definitely feels a little friendlier than than both Quicken and Banktivity to use although at the same time, it also feels a bit lightweight. There’s no support for multiple accounts or profiles either so it’s not as suitable for families or organizations that want to create accounts for multiple users.
In terms of support, Moneydance doesn’t have a Live Chat feature like Banktivity but it does have an extensive Knowledge Base. There’s also a Slack chat group for Moneydance which allows other users and the developer Infinite Kind to interact and reply to customer issues and queries.
Overall Moneydance is an extremely good alternative to Quicken on Mac with all the features you’ll find in Quicken and more courtesy of extensions. The online banking features are generally reliable and the overall way it manages your financial data is intuitive and intelligent.
Moneydance 2017 is $49.99 from the Mac App Store with a 90 day money back guarantee but there is also a free Moneydance demo for up to 100 transactions. There’s also an OS X 10.6 Snow Leopard version and PPC Mac version available.
Pricing: $49.99 Mac App Store
Like Banktivity and Moneydance, SEE Finance has been designed specifically for Mac and used to be the closest thing you get to Quicken on a Mac before Intuit finally released a Mac compatible version of Quicken.
Nowadays, it looks and feels a bit dated but still remains very reliable, robust and feature packed when it comes to managing money. As a result, SEE Finance for Mac has won a lot of supporters over the years and remains an extremely popular and trusted personal budgeting app for Mac with a faithful following.
For those that need to import a lot of Quicken QIF data, it’s often commended as the most reliable and pain free finance app out there, especially when importing years of accounts. Unlike Banktivity and Moneydance, there’s less chance of duplicated transactions when importing large QIF files which can save hours of hassle combing through accounts and deleting duplicated entries. You can import files in QIF, QMTF, CSV, QFX and OFX format.
The investment tracking is also very well done in SEE Finance with a clear and varied overview of your investments with lots of different reports. Specifically, SEE Finance supports tracking of income, banking, investment, cash, asset, loan, credit card, and liability accounts.
Like Moneydance, SEE Finance is also very good at handling multiple currencies with over 150 different ones supported which is something that Quicken still struggles with on Macs.
You can connect to banking institutions via Direct Connect which will automatically download transactions and import data from others. SEE Finance also has it’s own browser which allows you to browse your banking site securely and download transaction data and details although since the app is quite dated now, it may not work well with all all banking sites.
Budgeting is also considerably better than older versions of Quicken with custom budgets that monitor how you track money although recent versions of Quicken 2017 have caught-up a bit in that respect.
On the downside, there is no iOS app for SEE Finance so those that like to manage their personal finance on the move will be disappointed. There’s no check printing like with Banktivity and Moneydance although for most people, this is not a big issue nowadays. There’s no support for multiple profiles either and there’s no Live Chat or phone support although there’s an extensive FAQ with email support and the developer is responsive and helpful.
SEE Finance may not be the slickest app but it still remains a fast, reliable and stable way to manage your finances on Mac. SEE Finance works on OS X 10.6 Snow Leopard or higher and is available from the Mac App Store for $39.99 or it’s $39.99 directly from the developer. There’s also an SEE Finance free trial.
Pricing: $39.99 – Free Trial
You Need a Budget (YNAB) can’t be completely compared to Quicken but it’s definitely worth mentioning as it’s one of the most popular personal finance apps on Mac, mainly for its excellent budgeting features.
Because of the way it approaches budgeting, YNAB has also proved very effective at helping users to save money and get their finances in order which is made it very popular with Mac and PC users alike.
More recently, it’s added online banking support to conveniently keep all of your accounts and transactions in one place so you can keep tabs on your money better.
YNAB is an extremely easy to use personal finance app that’s geared towards helping you save money, not just oversee your finances and manage transactions. From constructive tips on budgeting to excellent customer support, free online tutorials and a thriving, helpful user community, YNAB gets a lot right when it comes to budgeting.
The developers of YNAB strive to help you manage your money more efficiently by encouraging you to use a Four Basic Rule method which can genuinely help you save money or get out of debt. The four golden rules are:
- Give Every Dollar A Job: Every cent is accounted for
- Embrace Your True Expenses: Break down large purchases into monthly payments
- Roll With The Punches: Create an overflow for the unexpected
- Age Your Money: Deal with bills as they happen
YNAB is structured around these four principles and helps you to structure your budget accordingly. YNAB does import bank files and transaction ledgers and although the developer originally stated that YNAB didn’t support online banking integration mainly because of security concerns, it does now allow you to connect and retrieve your balances from over 12,000 banks although there’s no support for Direct Connect or Bill Pay.YNAB also does not support multiple currencies or investment tracking so it’s not really suitable for those who have a big investment portfolio. It does however allow you to factor mortgages and simple investments into your overall budget and gives you a very clear overview of where your money is going.
YNAB is also one of the few personal finance apps that has an iWatch app but even more unusual, an Alexa app which can automatically check category balances or record new spending at your command. The Alexa app works for anyone with an Amazon Echo, Dot or Fire TC Stick with voice control. Although YNAB can sync across all devices, note that it uses Dropbox for syncing and doesn’t offer it’s own Cloud syncing service or syncing via iCloud.
YNAB works on OS X 10.6 Snow Leopard or higher but is no longer available in the Mac App Store or the Steam Store. In a similar move to Quicken 2018, it’s now only available on a subscription basis although those that have saved money using it, will say it’s definitely worth it.
YNAB now costs $4.99 a month or $49.99 per year direct from the developer which has annoyed many existing users although it’s still a relatively small price to pay if YNAB helps you save money. YNAB claims that new users save on average $200 in their first month and more than $3000 by month nine although this of course won’t be true for everyone. However, if you’re a US college student, YNAB is absolutely free as long as you can prove your college registration. Whichever method you use to purchase it, you can try a 34 day free trial of YNAB before deciding whether its for you or not.
For those looking for a powerful, fully featured budgeting application for Mac which covers investing and tracking, YNAB probably isn’t for you. If you struggle making ends meet at the end of the month and you’re looking for a slick, easy to use app that helps you learn how to save money across multiple devices, YNAB is an excellent plain speaking cash management app for Mac users.
Pricing: $49.99/Year – Free Trial
MoneyWorks was one of the first ever finance software for Mac and made its debut on OS X way back in 1992 – before Windows 95 was even invented. During this time, the New Zealand based creators of MoneyWorks have continually updated and created a highly tailored Mac product for managing finances and even provides customized versions for US and international users.
MoneyWorks has steadily increased in popularity with 40,000 users, some of which no doubt switched from Quicken. However, it’s important to be aware that MoneyWorks is designed more for small businesses, organizations and accountants that need to keep track of cashflow rather than investments.
MoneyWorks can import data from QuickBooks, MYOB, Xero and Greentree although it doesn’t support importing Quicken data yet. MoneyWorks is also well integrated with other business software on Mac including Daylite, FileMaker, Numbers and Microsoft Office.
There are several versions of MoneyWorks depending on the size of your business and needs but all include
a Cashbook, General Ledger, On-Screen Enquiries to find balances and trends, Reports, Contacts Database, Item Pricing, Sales Tax Tracking, Sticky Notes, Budgeting Tools, Multiple Accounts Support, Import & Export and Unicode information recording.
If you need something that can manage payroll, CRM and POS systems for Mac, then MoneyWorks is a particularly good choice. MoneyWorks is also generally very good at representing complex business data in graphs and produces custom reports via the MoneyWorks Gold report writer. It’s also suitable for those that need to share their accounts with Windows based accountants as it works on both Mac and PC.
MoneyWorks comes in 5 different versions aimed at differing sizes of business and all are available for standalone purchase or via subscription.
MoneyWorks Cashbook used to be $99 but is now completely free to use and is ideal for small organizations such as clubs and churches that need a simple financial accounting software for Mac. However note that although you don’t need to provide credit card details, you do have to sign-up for a free subscription first and there’s no support included with the free version.
MoneyWorks Express costs $249 or $18 per month and is designed for small business invoicing and MoneyWorks Gold ($499 or $28 per month) is for medium sized business with job costing and inventory management.
The Gold version of MoneyWorks is also available online as MoneyWorks Now and allows you to access your accounts on both Mac and PC. Finally there’s MoneyWorks Datacentre ($2299 or $39 per month) for Enterprise needs.
You can see a full comparison of MoneyWorks versions here.
If you’re looking for financial software with a focus on accounting and cashflow that genuinely cares about Mac users, you can’t go far wrong with MoneyWorks. Few other developers have been in the finance software game on Mac as long as MoneyWorks and the fact that the excellent MoneyWorks Cashbook is now free means you really have nothing to lose by giving it a go.
You can try MoneyWorks free for 45 days.
Pricing: Free/$18 per month+/$249+
Liquid Ledger is a slightly dated but still very robust and easy to use Quicken alternative designed specifically for macOS. If you need a personal finance software for Mac with particularly good support for multiple currencies, then Liquid Ledger might be for you.
The first thing you’ll notice about Liquid Ledger is that the interface hasn’t been updated in a while although it works with OS X Lion and above.
Among the many features of Liquid Ledger are Account Management, Income & Expense Tracking, Split Transactions, Account Reconciliation and more. Like Moneyspire, it’s also one of the few personal finance apps for Mac that still supports check printing.
Pricing: $49.99 – Free Trial
MoneyWell is a slick, simple but effective Quicken alternative designed specifically for Mac and iOS. MoneyWell is unique in that it uses an envelope budgeting system to help you manage your finances better. It also supports Direct Connect so that you can automatically pay bills from your bank account.
MoneyWell is clearly well thought out with some really smart interactive reports. In fact the graphs and reports in MoneyWell are some of the best we’ve seen in any budgeting software at this price.
Apart from the overall look and feel however, the best thing about MoneyWell is the envelope budgeting system. Rather than setting targets that you either hit or miss, envelope budgeting works on the basis that any money you save or overspend is constantly adjusted to show the affect on your incoming bills.
There’s also MoneyWell Express which is the mobile version of MoneyWell and allows you to manage your accounts wherever you are. MoneyWell is very good value at just a one off payment of $72.60 but you can also try it for free.
Pricing: $72.60 – Free Trial
No talk of personal finance software would be complete without a mention of Mint. Mint is owned by Intuit the makers of Quicken and is basically a free, lighter, less powerful version of Quicken. It has however improved a lot over the years and seems to have faced less criticism than Quicken, partly because it doesn’t cost a cent to use.
Mint is all about getting your money in order and is based around three things:
- Budgeting: Mint will automatically suggest a budget for you based on your income and goals. You can factor in one off expenses and of course recurring monthly costs.
- Bill Tracking: All your bills are clearly labelled and managed in one place. You can see when bills need paying and set alerts to let you know before they’re overdue.
- Credit Score Analysis: Mint performs a free credit score analysis if you verify your identity. It also gives you recommendations on how you can improve it.
- Spending Summary: You get a weekly summary of where your money has gone. This is useful for seeing which areas you’re spending most in and is handy to compare month-by-month. Mint will also alert you to unusual or large transactions.
- Spending by Category: Mint can also categorize transactions to make it clearer where you spent your money. If you’ve ever looked through your bank statement and can’t understand the codes and jargon used for certain transactions, this is useful. It also separates ATM withdrawal amounts from ATM withdrawal fees so you can see just how much your spending in charges and other hidden fees.
- Investment Tracking: The investment tracking features in Mint are very basic and certainly nothing like the financial tools in Personal Capital but for 401(k) accounts, mutual funds and IRAs it gives a basic overview.
Mint also has one of the best mobile apps out there for budgeting. The Mint iPad and iPhone app looks good, gives a clear overview of your finances and is easy ti navigate
The biggest problem you”ll encounter with Mint is connection to banking institutions. Like many personal finance apps, Mint can take time to update your balances and transactions and can be affected by changes made by your bank to the way third party apps communicate with it. Sometimes this means you have to delete an account in order to reconnect it but the problem with this is that you lose your account history in Mint.
It’s also important to note that although Mint and Quicken are both Intuit products, there is no integration between the two. They are completely separate products.
Overall however, as a more basic free alternative to Quicken, Mint is one of the best budgeting tools for Mac.
CountAbout is a simple but effective budgeting app that can import both Quicken QIF and Mint files. The Quicken import tool is one of the best we’ve tried and accounts are imported with very little need for manual adjustment.
It automatically downloads transactions from your bank including investment balances like 401k’s.
CountAbout offers two subscription plans – one for $9.99 per year and a premium subscription for $39.99 per year. The difference is that the Premium subscription allows you to automatically download transactions from bank, credit card and investment institutions.
CountAbout is good value for money and considerably cheaper than most subscription based personal finance software. You can see a quick overview of what CountAbout can do below.
Pricing: Starts at $9.99/year
Finally, moneyGuru is a free open source Quicken alternative although it’s focused more on accounting as it’s loosely based on the double-entry accounting system. moneyGuru is quite dated and the interface hasn’t been updated for quite some time now but if you’re prepared to invest some time into learning how it works, it’s quite a powerful money management software that costs nothing.
moneyGuru doesn’t rely as much on reports as most similar software but rather on updating financial data in real time to highlight trends, issues or problems in your spending. Even though it’s free, moneyGuru is surprisingly powerful allowing you to import Quicken files including QIF, OFX, QFX and CSV files and it can export to QIF and CSV.
However, the methodology that moneyGuru uses is different to most finance apps and is better suited to those that have some familiarity with accounting. It also feels like quite a “techy” although you can extend the functionality with plugins, you need some knowledge of Python 3 to add them.
Added to the fact that the interface hasn’t been updated in a long time, moneyGuru is only really an option if you’re not prepared to pay a cent for your budgeting software.
Pricing: $72.60 – Free Trial
Quicken Alternatives For Mac Checklist
Over the past decade, Mac users have had a particularly rough ride with Quicken. Although Quicken 2017 introduced some long overdue features, it still wasn’t up to speed with the Windows version. The subsequent decision to make Quicken 2018 for Mac subscription only however was the final straw for many users.
Although there’s less personal finance software for Mac than on Windows, there are an increasing number of apps that have filled the void left by Quicken and in some cases are even better.
When choosing the best personal budget software on Mac for your specific needs however, there are certain things you should always look for. Many essential features that are standard on Windows software, such as online banking integration and mortgage amortization, aren’t always included in Mac versions of the software.
Here’s a checklist of features to bear in mind when deciding which one to use.
- Online Banking Integration: Essential for those that want their accounts to be regularly updated with real time bank transactions and to pay bills online. Direct Connect (known as QFX in Quicken products) is the standard method that most banks support although increasingly, users are finding it very unreliable. Often this is due to problems on the bank’s side and connections can often stop suddenly working when they upgrade their own software. Some banks such as Citibank have even dropped support for Direct Connect in favor of their own proprietary system instead. As a result, some applications such as Moneyspire, Banktivity (formerly iBank) and Moneydance have developed their own additional ways of connecting to your accounts although this service usually costs extra. Note that some banks may levy a small charge for connecting your account to a third party app so it’s always wise to check with your financial institution first.
- Encrypted Connections: When it comes to security, remember that any connection made between finance apps and your bank are only as safe as the application accessing it. Make sure that the application takes security seriously and uses encrypted connections to your bank to prevent unauthorized interceptions. A few apps such as Personal Capital add an extra layer of protection by not actually storing your financial credentials but managing access via specialized encrypted service Yodlee. This adds an extra layer of protection to your data.
- Investment Tracking: This is essential to track loans, assets, stocks, shares and bonds etc. One of the big gripes Mac users have with Quicken is that it doesn’t track basic things like car loans or home loan amortization (although fixed interest rate tracking was introduced in Quicken 2017. ) Alternatives such as Personal Capital, Banktivity and Moneydance all feature investment tracking as standard.
- Mobile Apps: If you like to manage your money or check accounts on the move, make sure the software you choose has a mobile app. Most apps that have a mobile app sync accounts with your iPhone or iPad although many are limited in functionality and don’t allow you to make many transactions. If you like to take photos of receipts and invoices to sync with your Mac later, make sure this feature is supported.
- Multiple Currencies: For those that travel a lot or that deal with foreign transactions regularly. The Mac edition of Quicken is still lagging behind when it comes to multiple currency transaction support. Those that imported foreign currency accounts into Quicken 2018 for example found that they were suddenly converted to dollars. Make sure foreign currencies are supported if you do a lot of trade abroad to avoid some major headaches when importing data.
- User Profiles: If you share the software with a partner, other members of your family or colleagues, support for creating multiple profiles is very useful. It allows you to track spending and create budgets for each individual member whilst also preserving the privacy of each user.
We’ve ensured that all of the top money management software featured here support these features unless specifically stated otherwise. The exception to this is YNAB which is strictly focused on ease of use and budgeting.
There are many simpler money management apps on Mac but these are the closest thing you’ll find to a serious replacement for Quicken.
If you’re looking to maximize your investments as well as manage your budget, then Personal Capital is easily the best of the lot. It just makes budgeting and maximizing your assets so easy and looks great on Mac.
If you have any other questions or experiences regarding the programs and software featured here, let us know in the comments below.
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