Just as an aside.my bank can aggregate my transactions from outside banks, such as other credit cards and investment accounts through it's online site. ![]() Along with some other perks that most other financial software doesn't provide. Plus you get the added "bonus" of Savings Goals, Scheduled transactions, Tax Planning and Lifetime Planner with Quicken Windows. So, in my case Quicken makes more sense because Quicken does the "heavy lifting" of report generation in a simplistic approach which almost anyone can create. I don't know Pivot Tables or formulas that contain anything other than basic math functions. And to be honest, I'm not proficient enough in Excel beyond the basics. It would be a no charge situation and you'd be free from Quicken's annual subscription fee. Money in Excel is free with your MS360 subscription.and if your financial institutions can download into MIE.and you're adept at Excel spreadsheet reporting, then this makes a lot of sense. If you already are a Microsoft 360 subscriber, Money in Excel might make a lot of sense.īasically, all personal finance software is two things.an aggregator of your financial transactions and a report engine. I guess the simple answer to your question the answer to this question, how much time do you have to invest in Excel vs how much do you want to pay to Quicken to use their software? But I have seen some others create some awesome dashboards and views in Excel in the r/PFTools subreddit. I prefer paying Quicken each year to give me a predictable interface and functionality to view my financial accounts in one place. I have work a lot with Excel for work to report metrics and other data to my management and I think I am pretty good at it but I would rather not take that work home with me and have to maintain those functions for my financial life too. It might be cheaper to do the same in Excel but you will have to invest a lot more work to make it work similar to what Quicken has out of the box. ![]() With Excel, you will have to find and setup the same functionality on your own. You don't have to be an expert on accounting or reporting to do this and the learning curve for Quicken is relativity easy. With Quicken, you get a lot of functionality that will sync up your accounts and view and report on the transactions right out of the box. I think this is the age old question of time vs money for solutions like this.
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