MICROSOFT MONEY

[Weather]

I've been an avid MS Money user for 10+ years. I've been able to track my mutual finds and TSP with no problems. It's convenient to add contributions and track monthly performance. I use a buy and hold strategy.

I recently became actively involved with my TSP account. I've gone from buy & hold, to buy low/sell high. It's tricky to enter IFTs into MS Money.

Any tips on how to enter IFTs into MS Money?

 

[Bullitt]

I used this program for around 5 years but switched to Quicken after M$ dropped it like a hot potato. Microsoft Money is a superior program to Quicken in my opinion. It's really too bad support and updates have been discontinued. Is Microsoft Money even compatible with Windows 7? If you're still using XP, why are you still using XP?

You can put in your TSP portfolio just by creating a new investment. Problem is you have to update the prices manually so I only used to do it once every few months. IFT's were a real pain too. Basically it all came down to how much time you want to spend doing it.

Mint has always been a non-consideration for me. If it would've had an option to import my .money files then I may have gone with them. Quicken stepped up and made it possible and instead I now use their service.

 

[PessOptimist]

I'm using it (actually ms money plus) only because that is the only format my credit union offers for downloads. I have not investigated what else it does.

 

[SteelSaving]

From what I understand, mint populates a lot of the fields automatically. From time to time this could mean that they consider a certain purchase in a category other then what you would want. MSMoney just has you enter in the info from the get go so you don't have to go back and edit.
MSMoney is no longer backed though so there really is no support.

I also don't know how to get my TSP info in there so I just have some excel files I use to follow that.
I also like Money's end of month reports. It makes it easy to take that data and put it in my net worth and savings rates spreadsheets.

 

[JTH]

A new thread for those who use Microsoft Money for budgeting/financial planning. Please post questions or tips here.

I have a question, what are the advantages of using MS Money vs. an online product such as Mint.com?

 

[RealMoneyIssues]

Pardon me, but this thread isn't about Mint.Com it's about MS Money. Not everyone feels like sharing their financial information with a website, MS Money is a viable alternative I would be intersted in hearing about.

You are absolutely right, but don't mistake a fear of the web with a site's security. Mint is an Intuit website (you know, Quicken, Turbotax) and is plenty secure and available from any web connection, not just your computer at home. Just saying.

It IS an alternative. I will leave now. Sorry for stepping on someones toes

 

[JTH]

Use Mint.com

Pardon me, but this thread isn't about Mint.Com it's about MS Money. Not everyone feels like sharing their financial information with a website, MS Money is a viable alternative I would be intersted in hearing about.

 

[SteelSaving]

Been using MS Money since Sept.
No questions or tips so far.

 

[RealMoneyIssues]

Use Mint.com

 

[Frixxxx]

A new thread for those who use Microsoft Money for budgeting/financial planning. Please post questions or tips here.