What is the best Mac personal finance software ? (Updated for 2011)
July 5, 2011 6:32 AM Subscribe
What is the best Mac personal finance software? I need recommendations from the Thoughtful on a personal finance software package for Macs that is actually worth the investment and the time taken to learn and use.
And yes, I know this has been asked at least a couple of times before, but the last related query I see is from 2008.
posted by 5imon to Work & Money (5 answers total) 9 users marked this as a favorite
Since MoneyStrands is now kaput, I'm missing not keeping an eye on my spending. For those of us in the UK, the only other web-based money management site out there is Moneydashboard.co.uk which is a neat idea, but is rather let down by egregious use of MS Silverlight and iffy account updating.
So, thinks I, let's move to a local application based solution. There are a range of packages out there from the fully featured small-business management apps to rather more personal finance oriented versions.
So far I've trialled MoneyDance, Moneywell, iBank, and YNAB. They've got their individual merits, but all seem let down by failing to autocategorise a transaction into a particular spending category. Must I really highlight every transaction at Sainsbury's I have made and label each one "Groceries"? Really? YNAB claims to do this, but not for previous transactions. I have 4 years of data I need to update...if I label one payee as, for eg, 'Eating out', I expect every transaction against that payee to be labelled the same way.
This seems a pretty obvious feature to me. Anyone have any further insight here? Any easy to use packages that auto label/categorise transactions when they are entered (either individually or in bulk), and that come with monthly budgeting and half-decent reporting capabilities?