"Tom G" <123mpel[at]vms.huji.ac.il> wrote in message
news:exknIa4xEHA.3168[at]TK2MSFTNGP15.phx.gbl...
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I'll second that

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What a ripoff. Can't you just download qif files or ofx? Not quite as
automatic, but that's what I do with my bank accounts. No way would I pay
the bank's blood money. I'd switch over this too.


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"David Arnstein" <arnstein[at]panix.com> wrote in message
news:cmtrcn$pvm$1[at]reader1.panix.com...
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I know my bank is planning to rollout QFX in a couple weeks.


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Looking forward to it.

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I switched from Quicken in extreme irritation at Intuit's policy regarding
support. Wish I had never switched. I may never upgrade given what I've
heard about Money 2005. I was thinking of switching back to Quicken -- wish
I had kept my 2003 disk so I could go back to it, given what I've heard
about what's happening with new Quicken products.

I do not use online services so I have no idea how those work or the effect
in Quicken or Money.

After a year I've decided I really do not like Money. So, here are the
things that have "unsold" me on Money.
1) Quicken correctly calculated what I owed on credit cards each month --
Money shows the average of the last three months.
2) Money does not correctly calcualte gains/losses in the portfolio -- or it
uses some arcane formula that I cannot understand (shows a gain when there
has clearly been a loss)
3) There is no way in Money (never did this in Quicken) to show a
distribution from an IRA as income (resulting in an incorrect estimatation
of taxes due). I can sort of understand this since the distribution was
transferred to another account so the category was "transfer" rather than
"income"
4) Working with investment accounts is quite confusing in Money. After a
year I still do not understand it. I have three accounts in one investment,
all have the correct stock market symbol and all are checked to download
prices but the price is only downloaded into one account. I have to upgrade
the prices in the other two manually.
5) Mortgage loan payments: In Quicken there was a way to increase the
amount on the principal (in order to pay off a loan more quickly) and still
the interest and balance were calculated correctly. There appears to be no
way to do this in Money

There are other reasons that I dislike Money but these are the ones that
stand out.

Patricia

1) it does not calculate correctly
"R" <whiterabbi1[at]REMOVE_gmail.com> wrote in message
news:e5rr9a1xEHA.2316[at]TK2MSFTNGP15.phx.gbl...
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I recently switched. Several reasons:
1) I liked the integration of the portfolio and the MSN data; the portfolio
in Quicken in terrible (IMHO)
2) I found the interface in Money to be more pleasing. The opening screens
of Quicken are too busy for my ageing eyes.
3) Since I have a BofA account, I wasn't prepared to continue to fork over
$9.95/month to BofA to allow Quicken access. The almost $120/year yearly
charge is exorbitant. Money does it for free (actually, right now the BofA
interface doesn't work because of problems between BofA and Yodlee.
4) Actually, if you want to use BofA AND Bill Pay in Quicken, you have to
pay twice: $9.95 to Quicken for the Bill Pay and $9.95 to BofA for Quicken
access. Of course, you can do neither and input all the information by hand
(which some prefer to do anyway)
5) If you do keep MSN Bill Pay it is $5.95 and not $9.95.
6) Intuit makes you pay for tech support. Outrageous!

n.b. The cost of Money Deluxe is $48 at Costco with a $30 rebate - so it's
$18. Not bad. It also comes with a $50 gift if you open an account with ING
Direct. So with all of the savings + $30 rebate + $50 gift. It's not a bad
deal. (Actually, and incidentally, when I opened the box and saw the $50
offer from ING Direct, I was unhappy since I already have an ING account;
the coupon specifically states: "New Account." I called ING Direct and they
just credited my account for the $50. That's service!)
tom
"R" <whiterabbi1[at]REMOVE_gmail.com> wrote in message
news:e5rr9a1xEHA.2316[at]TK2MSFTNGP15.phx.gbl...
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In article <e5rr9a1xEHA.2316[at]TK2MSFTNGP15.phx.gbl> ,
R <whiterabbi1[at]REMOVE_gmail.com> wrote:
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I am a 9 year veteran of Quicken who is now running both Money 2005 and
Quicken 2005. My motivation to try Money was irritation with Quicken.
There were two issues:

1. For over a year, Quicken has bungled a very simple, very important
report: investment performance. Several of my securities have an
annualized return of "N/A," according to Quicken. There is nothing
complicated or unusual about my meager collection of investments. Also,
I buy the latest version of Quicken every year (sucker).

2. Quicken is making it harder to use .qif files. With Quicken 2006,
it will be almost impossible. I was concerned that the banks and
brokerages that I deal with would balk at this change, since they will
have to pay extra money to use Intuit's .QFX standard, which replaces
the .qif protocol. To tell you the truth, I haven't had any trouble
with financial institutions yet. Perhaps this is not as important as
I thought.

I intend to post a longish report on my experience with Money after I
understand the program more fully.
--
David Arnstein
arnstein+usenet[at]pobox.com

I'm still evaluating M2004. Those of you that are money users and have
experience with Quicken also, what sold you on Money?

Thanks in advance

R