Microsoft Money Import Quicken

See below which format your Quicken imports and choose a converter to convert your files to a Quicken importable format. In case your Quicken imports QIF and QFX files, either format has issues and advantages. The same applies to QFX and CSV Mint files.

Which file formats does Quicken for Windows import?

When the Money death bell rang at Microsoft, Intuit quickly began working on an improved import feature for Money users. After all, it's not every day that your chief competitor calls it quits. Import Microsoft Money Sunset file to Quicken 2016, but Quicken will not recognize the MS Money file password. Microsoft Money your data into a new Money file with no password, let us know. Due to incompatibilities in the format of regional Microsoft Money files, and sometimes due to corruption, and other times just to convert a Quicken File into Money, it is sometimes necessary to export all of your accounts into QIF files and then import them all again in a clean/new or the same file.

  • Quicken for 2018+ for Windows imports QFX, QIF files and QIF files are 'officially' supported by Quicken.

  • Quicken for 2017 or earlier for Windows imports QIF files only. QIF files have to be created correctly to be imported.

Which file formats does Quicken for Mac import?

  • Quicken for Mac 2018+ imports QFX files, QIF files and CSV Mint files (QIF and CSV Mint files are importable into a new account, but easily moved to another account)

  • Quicken for Mac 2017 and earlier imports CSV Mint files only (into a new account, easily moved to another account)

  • Quicken Essentials for Mac import QFX and OFX files

  • Quicken for Mac 2007 imports QIF files (some users claim QFX files are importable as well, you can try QFX format with the trial and check if it works for your copy of Quicken

What are the main differences between QIF and QFX and CSV Mint import into Quicken?

  • QIF format supports categories (and subcategories) and tags, and QFX does not (Quicken offers the renaming rules feature to assign the category during import

  • CSV Mint supports categories and supported on Mac only and imports into a new account only (transactions can be moved easily to another account after import)

  • QIF formats for Quicken, Microsoft Money and other software are different by their structure. ProperSoft converters allow to create different QIF variants by selecting the QIF target value.

  • QIF import into Quicken is not “officially supported” by Quicken support. Regardless of the support, QIF files import quite well for all account types. Simply follow the instructions provided on the converter help page, and your data will be imported.

  • QFX format creates “online services link” to account ID values provided on the QFX files. Make sure to enter different account IDs when converting QFX files for different accounts.

  • QFX files stop importing once your Quicken version becomes three years old. You have to either buy the upgrade or start using QIF format.

Overall, for Quicken for Windows 2018+, QIF format is somewhat easier to import than QFX. QFX format is easier if you do not need categories during import.

  • QFX format can be imported by Quicken for Windows (up to three years old) and Quicken for Mac

  • QIF format can be imported by older Quicken for Windows.

QIF format

What is the advantage of using QIF files over QFX files? It allows categories and, unlike with QFX files, Quicken does not require “online call home” during the import. You do not need to have Internet connection active and firewall enabled for Quicken to go through to import a QIF file. This can come quite handy when you work and travel and do not have Internet always on, but need to with your transactions.

QIF format has many variants, make sure to select correct QIF variant for your Quicken version or other personal finance or accounting software.

QIF format is a great format supporting categories and tags. Quicken was discouraging the QIF format until 2018, but still, all Windows versions import it fine (since Quicken 2018, QIF file is 'officially' supported).

Quicken 2005-2017 for Windows has to be at least Deluxe version to import QIF files directly into bank or credit card accounts.

Money

Quicken 2018-2020 for Windows imports QIF files fine.

Quicken 2018-2020 for Mac imports QIF files into a new account. Once imported, select and drag transactions into another account.

Quicken for Mac 2015-2017 does not import QIF files.

Quicken for Mac 2007 imports QIF files fine.

QIF format advantages

  • supports categories and tags

  • you have to follow specific instructions to import a QIF file

  • works even if your Quicken version for Windows is older than three years

  • does not need the Internet to import

  • investment transactions are supported by CSV2QIF

  • make sure to select correct QIF target (Quicken version) when you convert to the QIF format

QIF format disadvantages

  • Until Quicken 2018, QIF is not supported 'officially' and there are various traps set to prevent QIF import, however, all Quicken for Windows versions do import QIF files

  • You have to enter the account name and select a correct QIF target to create importable QIF file

  • Duplicates are not considered during QIF import

  • Quicken for Mac 2018+ import only into a new account

  • Quicken for Mac 2015-2017 does not import QIF file

  • Quicken Essentials for Mac does not import QIF files

Converters to convert to the QIF format

  • Convert CSV/Excel/TXT, PDF, OFX, QFX, QBO, QIF, MT940 files to the QIF format: Bank2QIF

  • Convert CSV/Excel/TXT files to the QIF format: CSV2QIF

  • Convert PDF files to the QIF format: PDF2QIF

    Durmus About Album The album, Mini World, has 10 songs which are sung by artists like Indila. You can play Mini World songs online for free, and download mp3 songs of Mini World. Indila - Mini World download free mp3 flac. Singer: Indila Album's title: Mini World Genre: Hip hop, Pop Label: Capitol Music ‎– none Type: 10 x File, AAC, Album, 256 kbps Country: Date of released: 01 Jan 2014 Category: Hip Hop, Pop Style: Vocal, Ballad, Ragga HipHop Format: FLAC MP3 AHX MP4 MMF RA AC3 DTS MP1 Size MP3 ZIP: 1355 mb Size FLAC ZIP: 1582 mb. Mini World mp3 song sung by Indila, Skalpovich. The album Mini World was released on Feb (2014). Listen Mini World song & download all mp3 Mini World songs from Hungama. Download Hungama Music app to get access to unlimited free songs, free movies, latest music videos, online radio, new TV shows and much more at Hungama.

Import QIF into Quicken 2005-2017 for Windows

You need to enter the account name in Bank2QIF and other 2QIF converters exactly as you have it Quicken, otherwise during QIF import, Quicken will try to create a new account with that name. For example, if your checking account in Quicken is called “Checking” or “Bank checking” or another name, you need to enter this name exactly in Bank2QIF, as well as select correct account type, before saving a QIF file.

Import a CSV file as QIF in Quicken 2018 for Windows

Import a CSV file as QIF in Quicken 2017 for Windows

Quicken 2017 for Windows imports QIF files with categories. Quicken 2015 and Quicken 2016 had issues with a direct QIF import, but Quicken 2017 for Windows does not have this issue anymore. The quick video below shows the full process using CSV2QIF.

QIF Format Summary

QIF format is a great file format to import transactions with categories and tags. CSV2QIF converts CSV and Excel files to QIF format ready to import into Quicken 2017 for Windows, as well as Quicken 2016, Quicken 2015, Quicken 2014 and earlier versions. Also, you can create QIF files for Quicken 2007 for Mac, and other personal finance applications like MS Money, You need a Budget (YNAB), NetSuite, etc.

Important details for a successful conversion from CSV to QIF and import into Quicken or other accounting software are the following:

  • Check that expenses are negative and payments to the account are positive. Some credit card companies supply amounts on CSV files in the opposite way (expenses are positive, and credit card payments are negative). Use “Change +/-” button on the sidebar to reverse the amount signs for the whole file in a single click

  • Make sure to select the correct QIF target (which accounting or personal finance software are you importing into)

  • Make sure to select correct account type (BANK vs CCARD vs INVST)

  • Make sure to enter the account NAME exactly as you have in Quicken for direct import into that account. Quicken reads the account name from the QIF file and locates the account before importing. If the account name is not found, Quicken prompts to create new account

  • Date format is ignored if QIF target is Quicken – Quicken expects only one date format and CSV2QIF uses expected format

  • Quicken 2015, 2016 does not import QIF files directly into bank or credit card account. Use proxy cash account to import your transactions and then move transactions to another account.

If you have an Excel file instead of CSV (XLSX or XLS), CSV2QIF should be able to open it directly (make sure to close the Excel file in you have it opened in Excel). You may also open the Excel file in Excel, select transactions, copy them and then click Paste in CSV2QIF.

If you have PDF file from your bank or converted PDF file to CSV file, try PDF2QIF or Bank2QIF.

QFX (Web Connect) format

QFX files are Web Connect files and do not carry categories like QIF files. Quicken categorizes transactions after import using the renaming rules or categories can be assigned by the user later. On Quicken on Mac, make sure to uncheck 'Automatically improve quality of downloaded payee names and categories'.

QFX format advantages

  • simpler import compared to QIF files

  • does not support categories and tags

  • needs an Internet connection to import (Quicken does online check for the bank label on the QFX file)

QFX format disadvantages

  • no categories

  • Internet is required during QFX import

  • Quicken account has to be 'disconnected' from direct online download for QFX import and connected back after import

  • investment transactions are not supported

  • does not support categories and tags

  • needs an Internet connection to import (Quicken does online check for the bank label on the QFX file)

Convert to the QFX (Web Connect) format

  • Convert CSV/Excel/TXT, PDF, OFX, QFX, QBO, QIF, MT940 files to the QFX format: Bank2QFX

  • Convert CSV/Excel/TXT files to the QFX format: CSV2QFX

  • Convert PDF files to the QIF format: PDF2QFX

Convert a CSV file into Quicken Web Connect format

Web Connect (QFX) format is modified OFX format supported by Quicken as well as other software generally supporting OFX or QFX format.

To import QFX file into Quicken, click File, then Import, then Web Connect file. And select the QFX file using file dialog.

How to create Web Connect QFX file if you have your transactions in CSV or Excel format? Use Bank2QFX converter to convert CSV files to Web Connect QFX format.

You can download and try CSV2QFX free. The output is limited to 10 transactions in the demo, but creates fully functional, ready to import Web Connect QFX file.

CSV2QFX will try to detect contents in your CSV file automatically, and then you can click the Review Mapping button to adjust assigned columns. If you create the CSV file yourself, make the first line as the column names (date, amount, payee, memo) as it will be a great help to CSV2QFX to figure out the contents of your file and automatically assign the columns for you.

Important note about INTU.BID, bank id and account id values on the Setting tab. You can either leave them as is, select another supported bank, and enter other values for bank id and account id. Quicken will use INTU.BID show corresponding bank name on the import screen, but actually giving you the choice to select an existing account or create a new one. This is great confusion since the INTU.BID bank identification on the Web Connect QFX file is relevant to the account for which the import is happening. You can easily import Web Connect QFX files marked as from one bank to actual needed account in Quicken. Simply choose the bank currently ‘supported’ by Quicken using the Lookup button and complete the import.

Quicken assigns INTU.BID, bank id and account ID to the Quicken account (an account created by you in Quicken) after successful import calling it ‘linked online services’. You can always delete such online services by editing the account in Quicken (click on the Online Services tab), if you need to import other Web Connect QFX file with other values for INTU.BID, bank id and account id.

During QFX import, Quicken ‘calls home’ using Internet connection (so please make sure your firewall allows it to go through), and assigns bank details supplied in QFX file with the selected account in Quicken. Even more, if Quicken finds the match for bank details in the QFX to details with an account, it imports data there automatically. Otherwise, it offers you the import dialog to select existing “unlinked” account or create a new one.

If you have an Excel file instead of CSV, CSV2QFX simply open it in Excel, select all (CTRL+A) and copy to clipboard (CTRL+C). Switch to CSV2QFX and click on the Paste from Clipboard button to paste data from the clipboard. This approach saves you from creating a CSV file from your excel file. The approach also applies to other spreadsheet software supporting copy and paste of multiple cells into the clipboard.

QFX format supplies unique id for each transaction, and Quicken uses it to avoid import for the same transaction next time. However, when you prepare your CSV file, it is common you may notice some transactions mistakes, so you need to fix them and import the file again. Even if you deleted the transaction in Quicken, it still refuses to import it the second time.

To deal with your need to import corrected transactions again, CSV2QFX allows to create unique transaction IDs every time you save the QFX file (this option is turned on by default), as well as keep transaction IDs consistent if you need them to be this way.

If you have an Excel file instead of CSV (XLSX or XLS), CSV2QFX should be able to open it directly (make sure to close the Excel file in you have it opened in Excel). You may also open the Excel file in Excel, select transactions, copy them and then click Paste in CSV2QFX.

Convert a CSV file to the QFX format and import into Quicken 2018 for Windows:

Convert a CSV file to the QFX format and import into Quicken 2018 for Mac:

If you have PDF file from your bank or converted PDF file to CSV file, try PDF2QFX or Bank2QFX.

CSV Mint format

  • Quicken 2015+ for Mac only

  • supports categories

  • imports into a new account, needs to select imported transactions and drag them to another account

Quicken for Mac 2015+ has a special to import 'CSV Mint' files into a new account. This is a great way to import transactions as you have easily drag transactions in Quicken for Mac 2015+ from one account to another (select multiple transactions and drag them on another account on the sidebar with the account names).

What is CSV Mint file? Teamviewer remote printing. It is a regular CSV file with certain layout, which Quicken expects to be followed, otherwise it would not import a CSV file. So just any CSV file (or even Excel XLSX or XLS file) would not work. You have to open your existing file in Excel and format it to match column as on a CSV Mint file.

Where you can get a CSV Mint file as an example? From Mint.com (duh). You need to have some data there and export transactions and look at how data is organized and make your CSV or Excel file to follow columns and then save as a new CSV file.

Microsoft money import quicken

CSV2CSV does that work for you - it takes your CSV or Excel file, parses it (allows you to remap it), and saves your transactions as a CSV Mint file that Quicken for Mac 2015+ will import.

The nice thing about CSV Mint files is that they allow the category column to be supplied (but not subcategory).

Convert to the CSV Mint format (for Mac only)

Quicken for Mac 2015+ has the option to import a CSV Mint file (files exported from Mint web site. These CSV Mint files are imported into a new Quicken account, but transactions can be easily moved under another account, so CSV Mint is great option to import transactions on Mac as QIF format is not available. CSV Mint have the category, unlike QFX files.

  • Convert CSV/Excel files to the CSV Mint format: CSV2CSV

  • Convert QIF files to the CSV Mint format: QIF2CSV

  • Convert PDF files to the CSV Mint format: PDF2CSV

Additional videos

Difference between OFX files and 'Quicken OFX' (QFX) files and confusion over them:

Here is a short video of how to convert an OFX file to QFX format with OFX2QFX and import into Quicken:

Related articles

If you're looking to replace Quicken, you're in the right place.

Before web-based personal finance tools, Quicken was one of the best personal finance budgeting and bill management software available. Where else could you get software that pulled all your financial information, organized your bills, helped you pay for those bills, and was basically a money consigliere? The only “downside” was that you had to pay for it.

But over the years, other companies brought new offers, built from the ground up, and took advantage of the newer technology available. They use code that runs faster, connects seamlessly with other financial companies (like bank accounts and credit cards), and just has fewer issues doing regular tasks like tracking your net worth. Most importantly, many are free so you can try them yourself.

I was a fan of Quicken but let's accept reality – Quicken breaks a lot. It doesn't sync your accounts randomly sometimes, you have password problems, screens that should appear are blank or lag, and it's just not a great user experience.

The bottom line:

If you're tired of Quicken, its support and sync issues, and want a suitable free alternative or replacement – we have some options.

Here are some of the best Quicken alternatives available:

Our Favorite Picks

Why It'll Work For You
Personal Capital is our Editor's Pick as the best Quicken alternative because it covers nearly as much ground as Quicken (no billpay) and regularly updated so you don't have to worry about sync problems. It has a solid suite of investment tools, a robust budgeting system, and portfolio analysis that beats the rest. It's free.
Learn More about
Personal Capital

Hands down the best spreadsheet automation tool on the market. If you want to move to a spreadsheet you can customize to exactly what you need, Tiller Money will pull the data for you. You can build it from scratch or use a template, and Tiller Money will save you a ton of time and hassle.
Learn more about Tiller Money

16 Best Quicken Alternatives:

  1. Personal Capital – free financial dashboard and wealth planner
  2. Tiller Money – spreadsheet automation for full customization
  3. You Need a Budget – best in class budgeting tool & mindset
  4. CountAbout – can import data from Quicken
  5. Pocketsmith – a budget planner, calendar, and projector
  6. Mint – ad-supported budgeting tool
  7. Banktivity – native Mac application
  8. MoneyDance – not cloud-based
  9. EveryDollar – follows Dave Ramsey's Baby Steps
  10. GoodBudget – follows envelope budgeting method
  11. GnuCash – open-source and free
  12. DollarBird – date & calendar based budgeting
  13. MoneyWiz – freemium app with cryptocurrency support
  14. PocketGuard – freemium budgeting focused app
  15. Wally – completely free budgeting app
  16. HomeBudget – beautiful color-coded budgeting app

1. Personal Capital

Quicken's strength was in being a financial dashboard and helping you manage your financial life – it was more than a simple budgeting app. This is why, when considering alternatives to Quicken, we settled on Personal Capital as the best replacement.

If you're past the “help me with my budget” phase of your financial life, then you want to keep an eye on your investments (taxable and retirement) and whether you will reach your goals – whether that's retirement, a big vacation, buying a home, getting married, … you name it. Personal Capital has the tools to analyze your progress and give you advice on whether you'll reach your goals – on top of the typical budgeting tasks.

Best of all – it's is free to use.

You can also schedule a discussion with a financial advisor if you want more hands-on assistance. The initial call is complimentary (no cost) and you only pay if you opt for their Advisor service (optional). You can read my full review of Personal Capital for this in greater detail.

Why it is a good alternative to Quicken: One of the big problems with Quicken is that you run into synching and connection issues – fortunately, PC is web-based so it is updated regularly. It also has a rich set of tools for analyzing your finances from investment to retirement to budgeting and even intermediate savings goals like a house or education. There is also a budget and expense tracking component that works decently well.

Can Microsoft Money Import A Quicken File

I am a fan of their retirement planner, a tool that helps you project your future financial needs and whether you'll get there. It's worth checking out.

What could be better? The budget and expense tracking pieces are good but it's not as old as Quicken so they aren't as complex. You can't, for example, manage your bill pay through this tool. I don't find it to be a negative because it works for me, but people with really complicated budgets may find it limiting.

Learn more about Personal Capital

(since you access it with a browser, it is compatible with Mac OS!)

2. Tiller Money

If you are thinking about quitting Quicken and moving to a spreadsheet stored locally (or Google Docs), you'll want to know about Tiller Money. I use a Microsoft Excel spreadsheet to track our net worth and if you want a hand in pulling data, you'll want to check out Tiller Money.

Tiller Money will automate your spreadsheets at a low cost of just $6.58 a month ($79 per year after a free 30 day trial). With a bit of tweaking, it'll pull your data for you and put it into a Google Sheets or Microsoft Excel document.

You can start with one of their free templates or build your own, but after the initial work, you'll have a fully automated spreadsheet tailored to what you need. You can use this to track your net worth, set a budget, or anything else you can imagine. (see our review of Tiller Money)

Why it is better than Quicken: Quicken is now cloud-based so if you want to avoid putting your data into the cloud, going with a spreadsheet is your best option. Tiller makes it possible for you to get automation AND keep your data locally.

Learn more about Tiller Money

3. You Need a Budget (YNAB)

You Need a Budget is a powerful budgeting software but it also can help you build a budget that you can grow into – it does more than track your money.

Think of it like Mint with a personality and a philosophy.

YNAB's philosophy revolves around four rules:

  1. Give Every Dollar a Job
  2. Embrace Your True Expenses
  3. Roll With The Punches
  4. Age Your Money

Those four pillars form the foundation for a budgeting app that has helped many people transform their financial lives and improve their spending habits.

If you're looking to transition to a financial tool that will help you (as in help you make the change, not just record expenses), you should take a look at YNAB.
(or, read our You Need a Budget review for more)

Microsoft Money Import Quicken Software

Why it is better than Quicken: Quicken only tracks your budget, YNAB does that AND helps you build a budget that meets the demands of your life and your savings needs. Sometimes you need something more than an app that connects to your bank account. If you want to change the way you budget, while still tracking it, YNAB is your solution.

YNAB is not an entire personal finance management suite – it focuses on budgeting and only budgeting. You won't get investment tools, retirement planning, or wealth management. It's strictly about building, maintaining, and transitioning into the budget you want.

Learn more about You Need a Budget

4. CountAbout

The founders built CountAbout to be a Quicken alternative. Founded in mid-2012, it is one of the only personal finance apps that will import data from Quicken (and Mint!). If you're looking to transition away from Quicken but worry about losing all your data, you can feed it your Quicken file and it'll populate itself. That'll make the transition far less painful!

Like Quicken, CountAbout isn't free but it costs $9.99 for the Basic subscription and $39.99 for Premium subscription. The Premium subscription includes automatic transaction downloads. A subscription model means you have complete data privacy and you won't get annoying ads like with Mint.

Why is it a good alternative to Quicken? CountAbout has a lot of similar features to Quicken’s: split transactions, recurring transactions, attachments, budgeting, and more.

CountAbout is web-based, with multi-factor account security, so you don't have to download a program onto your computer, and there's no need to deal with unwieldy syncing issues – all you need is a web browser. And with CountAbout’s iOS and Android apps, your financial information is always at your fingertips.

Check out the key features (reminds me a lot of Quicken):

  • Imports data from Quicken and Mint
  • Thousands of financial institutions
  • Multi-factor login protection
  • Android and iOS apps
  • Category customization (add, delete, rename)
  • Tags (add, delete, rename)
  • Reporting for Account balances
  • Reporting for Category activity
  • Reporting for Tag activity
  • Report exporting
  • Attachments
  • Individual Account QIF importing
  • Budgeting
  • Running register balances
  • Account reconciliation
  • Graphs for Income & Spending
  • Recurring transactions
  • Investment balances by Institution
  • Memorized transactions
  • Split transactions
  • Description renaming
  • Invoicing


Learn more about Countabout

5. Pocketsmith

Pocketsmith is a freemium budgeting tool that uses calendars and the concept of “event-based budgeting.” Being calendar based means that rather than viewing your transactions as merely a long list of transactions, the calendar helps you understand when those transactions are happening and if they are doing so on a regular basis. This helps inform you about your spending and one of the more visual ways, when compared to others on this list.

It's freemium with the Basic option giving you 12 budgets, 2 accounts, and the ability to project 6 months into the future. If you upgrade to the Premium level, which is $9.95 per month, or $7.50 when you pay annually, then you get automatic transaction importing (you can still do it manually if you wish) as well as categorization of spending. You also get unlimited accounts and projection out to ten years. The Super, which is $19.95 per month or $14.16 when paid annually, gives you unlimited accounts and 30 years projection.

We do have a promotion code for Pocketsmith, gives you 50% off the first two months of Premium – make sure to enter the code 50OFFPREMIUM-5G7T to get 50% off the first two months.

Learn more about Pocketsmith

6. Mint

You might have heard of these guys since they're now owned by the same company that once made Quicken.

Microsoft Money Import Quicken Spreadsheet

Intuit acquired them in 2010 and that's the reason why they shuttered Quicken Online shortly thereafter.

Later, Intuit sold Quicken to H.I.G. Capital and that's when you knew the end was near!

Why it is a good alternative to Quicken: Mint is free and very powerful on the budgeting and expense tracking side. They do not have much to help you with investment and retirement savings, which I think you'll find is a huge limitation as you get older. The goal of Mint was always to be a budgeting app and with that in mind, they do a very good job.

If you are sick of Quicken and focus entirely on expense tracking, Mint is a good Quicken alternative. It is cloud-based so there's no software to download, patch, or update. If you have investments and want to manage those, Mint will not be able to adequately fulfill your needs.

Learn more about Mint

7. Banktivity

Built specifically for MacOS, Banktivity is a personal finance money manager that will import data from Quicken so you don't lose anything in the transition process. It'll do everything you want in a personal finance app, including budgeting, track spending, schedule and pay bills, monitor your investments (including real estate), and pull data from financial institutions.

It also has some powerful reporting options that, if you're a report junkie, you will probably really enjoy building, tweaking, and rebuilding. All this is also possible across iOS devices too with seamless mobile app synchronization.

It is not free, it costs a one-time fee of $69.99 but there is a 30-day trial (no credit card required).

Learn more about Banktivity

8. MoneyDance

MoneyDance is not as well known as some of the other alternatives I've listed but I wanted to mention them because they're one of the few money apps that don't rely on the cloud. If you are concerned about your data being stored online, this solution is an alternative that keeps your data local to your computer.

You can still link your accounts online, so they pull your transactions automatically, but they only store them on your computer. You can enter transactions manually if you didn't want to link your accounts.

MoneyDance looks and feels like a checkbook, with the check register for transactions, but has charts and tables for reporting. It does budgeting but can also track your investments as well, albeit not as feature-rich as others.

Qismat full movie subtitles. MoneyDance is free to download and try but it costs $49.99. The free version has all the features as the paid version. The free version's limitation is that you can only enter 100 manual transactions.

Learn more about MoneyDance

9. EveryDollar

Have you heard of Dave Ramsey?

Many folks swear by his approach and EveryDollar is built with that in mind. His approach takes into account human psychology, rather than relying solely on math, and explains why it is so effective. It also explains why ideas like the debt snowball work so well, we need to work with our biases and tendencies if we hope to succeed. EveryDollar is a budgeting tool affiliated with Dave Ramsey's group, the Lampo Group.

Much like YNAB, it's a budgeting tool that uses the principles of zero-based budgeting.

In zero-based budgeting, you assign every dollar to a category (or job, in YNAB parlance). It's a level of rigor that can be refreshing or restricting, depending on your personality. The app itself is beautiful, available on your smartphone, and there is both a free and paid version. The paid version costs $129 a year.

(paid version offers phone support and automated transaction importing… which is a big time-saver; otherwise, you must manually enter the data)

Learn more about EveryDollar

10. GoodBudget

GoodBudget is a free budgeting app based on the envelope budgeting method. Envelope budgeting is when you set aside a prescribed amount for each category of spending, then spend it down each month.

It's one of the most popular money management techniques in personal finance. The envelope refers to the manual method of managing these types of budgets where you put the money into an envelope. When you run out of money, you either borrow cash from another envelope or you make do.

GoodBudget adds technology to the mix and will synch up bank accounts to help track your income and your spending. You set the amount for each category and then watch as your spending nears the limit each month. It's available for both iOS and Android phones.

11. GnuCash

GnuCash is a free open-source accounting software that, if you're willing to put into the work, can replicate a lot of the Quicken experience for those who are willing to scale the learning curve. It features double-entry accounting (every transaction must debit one account and credit another), which is effective but will require an adjustment if you're not used to it.

It offers a lot of the functionality of Quicken like splitting transactions, categorizing transactions, managing multiple accounts, schedule transactions, and reporting that includes all kinds of charts and reports (balance sheet, P&L, portfolio valuation, etc).

The big benefit is that it does budgeting as well as investments. It's not strictly a budgeting tool.

Lastly, it offers QIF importing, so you can import your Quicken files, plus OFX (Open Financial Exchange) protocol. So you can pull in your data if your bank offers you the ability to export transactions.

12. Dollarbird

Dollarbird is another personal finance app with an eye towards collaboration and a monthly calendar. You synchronize your accounts (banking, brokerage, and credit cards) with Dollarbird and they build a schedule of future income and expenditures to help with planning. Dollarbird also offers a 5-year financial plan that lets you establish longer-term financial goals and track your performance against them.

The innovation they bring to the table is the idea of calendar-based money management. You can collaborate with other people (partner, family, or a team) to manage a team budget, though the collaborative piece requires the Pro version ($39.99 / year).

13. MoneyWiz

Of all the alternatives on this list, I know the least about MoneyWiz despite them being around since 2010. They support practically every operating system you can imagine – everything from Windows to Android to iOS devices like the iPhone and iPad – and it'll sync them in real-time.

It's a powerful budgeting tool that integrates with 16,000+ banks in 51+ countries – which includes cryptocurrencies if you're in that investment class. If importing from your financial institution concerns you, you can manually enter data as well and it works just as well. For budgeting, you can work with their categories (which are multi-level) or add your own (and subcategories). You can split transactions, bulk edit, tag, and create powerful reports. It won't pay your bills for you but does have notification features.

It's a freemium product with the free version that has all the functionality minus synching across multiple devices and automated transaction downloads. For that, you need to buy the Standard ($49.99) or Premium ($49.99/yr or $4.99/mo).

14. PocketGuard

PocketGuard is a fairly simple budgeting app that links your credit cards, checking and savings accounts, investments, and loans all in one place. It has a complete picture (or at least what you tell it) of your finances but its strengths are in the budgeting – how it updates and categorizes your spending as it happens and looks for opportunities to save. Using your spending, it also builds a personalized budget based on your data as well as the goals you set for yourself.

They have a free version and a Plus version. The free version has all that you need for tracking your expenses and keep an eye on them. Plus allows you to add custom categories, track cash transactions like income and bills. Plus costs $3.99 per month or $34.99 per year.

15. Wally

Wally is the last app on the list because they only handle budgeting. Most people who start using Quicken often do so to help understand their spending. It isn't until your savings start growing that the investment portion becomes a bigger and bigger piece of the financial picture.

If that describes you and budgeting is what you care the most about, Wally may be for you. It's a beautifully designed app that helps you track your spending and understand your budget. Users have reported a few hiccups with the interface but if you get over the learning curve, and are OK with not having automatic transaction downloads, it's worth a try.

It is free though, which is why they can't offer automatic transaction downloads. One could argue that manually entering them puts you closer in touch with your spending.

16. HomeBudget

HomeBudget is a beautiful looking budgeting app that is essentially an expense tracker. It can track your income, expenses, and account balances – including bills that will be due in the future. Once bills are paid, they shift over to becoming expenses, in a transition that is well designed. There is a family sync feature that allows you to sync up the budgets on multiple devices so you share and exchange budgeting information. They also have reporting features so you can see your trends over the last six months, charts that break down your spending and saving, plus exporting those reports and data via email or WiFi.

It's available for iOS ($4.99) and Android ($5.99) devices. There is a “lite” version that you can use for free to see if you like it.

One of these will make a fine replacement for Quicken.

Common Questions about Quicken Alternatives

Is there a free program like Quicken?

On this list, the best free alternatives to Quicken are Personal Capital and Mint (if you don't mind ads).

Personal Capital won't be as robust as Mint in the budgeting department but it has far better wealth building and investment tools. You can see a comparison of Mint vs. Personal Capital vs. Quicken to make your determination of how they stack up.

What happened to Quicken Online?

Intuit created Quicken Online to try to compete with Mint. Near the end of 2009, they gave up and acquired Mint.

Afterward, they opted to shut down Quicken Online and sold the entire Quicken unit to H.I.G. Capital in 2016. Quicken Online no longer exists.

Quicken does have an online experience, something they've only recently created, but it's not free and it's playing catch up.

What is the best non-cloud-based Quicken alternatives?

Some of the best tools out there are cloud-based. Many on this list store your information online. If they are somehow compromised, they potentially could leak your data. They have a lot of security protocols in place to prevent this type of thing, but nothing is 100% safe. The ones that do not store your data in the cloud are less powerful, but … they don't store your data in the cloud.

Moneydance Personal Finance, which is included in the list above, is one alternative that is a local program and stores your financial data locally. It still has the functionality of pulling data from hundreds of financial institutions so it will still save you time.

Tiller is a tool that integrates with a Google Sheet (which is cloud-based) and Microsoft Excel (which local). They do store some of your information since they have to get the credentials to pull your data but it's not like other services that contain the credentials and the data.

What is a good accounting software alternative to Quickbooks?

I haven't used Quickbooks and I'm not familiar with the world of accounting, but GnuCash is often cited as a powerful and free alternative to Quickbooks and Quicken.

It has a lot of features present in accounting software, like double-entry accounting and small business accounting, but many folks have success using it as a personal accounting software package. It's a software program you download and install locally, which means it's not cloud-based, and it's completely free.

Which Quicken alternatives work on Mac?

Any cloud-based alternative will work on the PC and a Mac. It's cloud-based so they work in your browser, which makes them operating system agnostic.

If you want a piece of personal finance software designed specifically to run on Macs, Banktivity is your best option. It's one of the few personal finance applications built specifically for the MacOS and it has the richest feature-set. Most importantly, especially if you use an iPhone or iPad, it seamlessly integrates among the three.

Microsoft Money Import Quicken Free

Other Posts You May Enjoy