If you're looking to replace Quicken, you're in the right place.
For years, Quicken was the name in personal finance software.
But let's accept reality – Quicken is often broken.
Quicken was once the most popular and powerful personal finance management software.
But Quicken isn't what it used to be. It's hard to innovate a platform built in 1983. Back then, cell phones were bricks (if you could afford one) and apps were what you ordered at a restaurant.
Quicken has faced a lot of technical issues and its support is meh at best. (if you own Quicken for Mac, you know this headache first hand)
In 2010, Intuit acquired Mint for $170 million. In 2016, Intuit sold Quicken to private equity firm H.I.G. Capital.
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 Best Picks
10 Best Quicken Alternatives:
- Personal Capital – free financial dashboard and wealth planner
- Tiller – spreadsheet automation to bring it in house
- You Need a Budget – best in class budgeting tool & mindset
- Mint – ad-supported budgeting tool
- Status Money – compare your situation with your peers
If you're more interested how your investment account is performing and less interested in just knowing how much you're spending on groceries, Personal Capital is a great Quicken alternative (but it'll also pull your credit card transactions so you will know how much you spent on groceries if you want!).
Personal Capital is a full-featured, free, personal finance management tool that focuses on helping you with investing.
It has a powerful mobile app that replicates the web experience. They're free because some users pay them for their wealth management services (optional). They are not stuffed with advertisements like some other free tools. You can read my full review of Personal Capital.
It's better than Quicken because it's updated, (there's no software to download and patch or update) has a rich set of tools for investment and retirement, plus it has a budget and expense tracking component. The budget and expense tracking are good, because it isn't as mature as Quicken, but it works well enough for me.
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.
One other vote of confidence for this Quicken killer is their CEO – Bill Harris. He was formerly the CEO of Intuit and PayPal. You know he has the leadership skills to dominate in this space and the ability to lead teams to build systems that are top notch (the rest of the leadership team is very impressive in their own right!).
Here's a brief over view video of Personal Capital's cash flow and budgeting tools:
(since you access it with a browser, it is compatible with Mac OS!)
People love spreadsheets.
You can customize it, tweak it, and get it tailored to exactly what you need. The only downside to spreadsheets is how you need to pull the data yourself… and who really wants to do that? Quicken was great back in the day when there weren't nearly as many sync issues because it pulled the data for you.
There's a solution:
Welcome Tiller – a $4.92 a month service (after a free 30 day trial) – that pulls your data for you and puts 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)
Think of it like Mint with a personality and a philosophy.
YNAB's philosophy revolves around four rules:
- Give Every Dollar a Job
- Embrace Your True Expenses
- Roll With The Punches
- Age Your Money
Those four pillars form the foundation for a budgeting app that has helped many people transform their financial lives.
If you're looking to transition to a tool that will help you (as in help you make the change, not just record expenses), you should take a look at YNAB.
YNAB made a video showcasing the newest version plus a discussion on their philosophy:
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!
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. 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 on expense tracking, Mint is a good Quicken alternative. It, like Personal Capital, 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.
5. Status Money
It offers all of the tracking functionality of these other tools, will always be free, but adds the comparison component so you can see how you are performing against your peers and against the National Average.
Your peer groups are set by your age range, income range, location (location type), credit score range, and housing status (own, rent). This ensures you are getting a true apples to apples comparison and you aren't compared with someone in another age group, different cost of living, or life phase.
You can also build custom groups too if you feel you're in a special situation not captured by basic demographic information.
It's not free (neither is Quicken). CountAbout costs $9.99 for the Basic and $39.99 for Premium, which includes automatic transaction download. This also means you won't get annoying ads like with Mint.
Check out the key features (reminds me a lot of Quicken):
- Imports data from Quicken and Mint
- 12,500+ financial institutions (including credit cards)
- Multi-factor login protection
- Android and iOS mobile apps
- Category customization (add, delete, rename)
- Tags (add, delete, rename)
- Reporting for Account balances
- Reporting for Category activity
- Reporting for Tag activity
- Report exporting
- Individual Account QIF importing
- Running register balances
- Account reconciliation
- Graphs for Income & Spending
- Recurring transactions
- Investment balances by Institution
- Memorized transactions
- Split transactions
- Description renaming
You can still link your accounts online, so they pull your transactions in automatically, but they only store them on your computer. You can enter transactions manually, if you didn't want to link your accounts.
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 tendences 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 $99 a year.
(paid version offers phone support and automated transaction importing… which is a big time saver; otherwise, you must manually enter the data)
Here's a tutorial video on how to build a budget:
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.
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.
One of these will make a fine replacement for Quicken.
If you came here looking for business solutions, for double-entry accounting, payroll, or some other back-office software package, none of the options on the list will help. These are all personal software tools because Quicken is the personal finance money management tool. You may have it confused with QuickBooks. QuickBooks is still owned by Intuit and is accounting software for small to mid-sized business.
If you need a Quickbooks alternative, Xero is often lauded as one of the best cloud accounting software packages. They have a Quickbooks conversion tool, payroll included for free, unlimited users and used by over a million users. They even have a 30-day trial to see if it works well for you.