Update 1/10: I have decided that Quicken for Mac is junk and removed it from my system. I managed to get over $3k out of sync with my Bank of America checking account, and kept complaining that Discover was sending it invalid dates. Good riddance to a crappy application!
So far I like Mint.com , though I’m not sure I am psychologically ready to have only an online checkbook. Must be the baby boomer in me talking. For now I still have my Quicken on my old XP laptop. One idea is to move this to Parallels (which I already have) on my Mac.
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As part of our family’s move from Windows XP to Mac OS X, we installed Quicken for Mac. Should be easy: just install the Mac app, copy the quicken files, load them into the new app. But nooo …. It was a major pain in the you-know-where. Firstly, the data files are so dissimilar that one has to export all to a set of .qif files which are then imported into the Mac version. There are many limitations and gotchas here. If you have a relatively simple and straightforward check register you are OK. If you have a complex financial life with multiple retirement and investment accounts, you are in for much trouble.
Gary’s set up was not too bad, he has a few accounts in his Quicken. It only took a couple of tries, less than 2 hours. My data was a different tale. I have investment history going back to the stone age. Plus lots of accounts. I spent much of the day fighting this monster. The import process randomly assigned transactions to what ever account it felt like – I found a $10K transfer from an IRA to a checking account which existed only in the mind(less) of Quicken. This will not do. I finally gave up trying to import transactions and just downloaded as much data as I could from various financial institutions. This was fine with credit cards, but the Bank of America web site only has 13 months of data per account. My E*Trade accounts are totally screwed up for cash balances – I had to make some bogus balancing entries and I am not sure how this will pan out going forward.
I’m seriously thinking of trying out Mint and junking Quicken. Anyone try this site? I have been using Quicken for a long time it’s become my way of doing personal finance. And I am not sure about putting all my financial info on a web site, though what I have read about Mint seems OK.
J B Michaels said:
Quicken 2008 for Windows is not working well, either – six revisions already. Unfortunately Mint does not yet handle investment accounts. Once it does, I’ll be VERY interested.
Dagny Gromer said:
J B Michaels – I have heard that Mint plans to add investment accounts. They have a forum where people are posting items they want to see in this feature.
Right now I use Mint for my checking, savings, and credit card accounts. I have to go to etrade to see my ira and brokerage accounts.
Pedestal Table · said:
when doing business transactions, checking accounts are really needed for faster transactions -*”