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Financial Management Software...

Posted on 8/18/09 at 10:37 am
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16215 posts
Posted on 8/18/09 at 10:37 am
which do you feel is the best, most user-friendly, and easiest to learn?

My wife and I want to start tracking our spending to see if we could find ways to save more money.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/18/09 at 10:47 am to
Quicken seems to be the most popular. I know TurboTax can transfer Quicken files directly from your computer to it if you do your own taxes.
Posted by DandyPimp
New Orleans
Member since Jan 2007
1090 posts
Posted on 8/18/09 at 11:27 am to
We've been using mint.com since May. I have to say it has been eye opening
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26578 posts
Posted on 8/18/09 at 11:30 am to
mint.com. Now sit back and watch how much you spend on food.
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43456 posts
Posted on 8/18/09 at 11:34 am to
quote:

mint.com. Now sit back and watch how much you spend on food.


This happened to me 2 months ago when I started using mint. I spend 80% of my money on food... It's sad.
Posted by just me
Front of the Class: Schooling You
Member since Mar 2006
34489 posts
Posted on 8/18/09 at 11:35 am to
I've used Quicken for a decade.

I used to have to guess how poor I was.

Now I know exactly, and to the penny, how poor I am.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26578 posts
Posted on 8/18/09 at 11:36 am to
quote:


This happened to me 2 months ago when I started using mint. I spend 80% of my money on food... It's sad.



I'm working with Trey right now, fwiw
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 8/18/09 at 11:37 am to
so ya'll put ALL of your logins into one site ???????????? sounds like a hackers dream target ...no thanks

(I'm making a lot of assumptions here, so feel free to enlighten me )
This post was edited on 8/18/09 at 11:40 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/18/09 at 11:40 am to
Google some articles about it, Zilla, there has been plenty of discussion about the safety of Mint.
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16215 posts
Posted on 8/18/09 at 3:22 pm to
quote:

so ya'll put ALL of your logins into one site ???????????? sounds like a hackers dream target ...no thanks


this would have me worried as well. seems like every hacker in the world would be concentrating on breaking their security

LINK
This post was edited on 8/18/09 at 3:45 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 8/18/09 at 4:11 pm to
The link had a couple of points I thought are worth commenting on:

1) Link claims that people like Mint.com in order to not have to manually enter data. You don't have to with Quicken either.
2) Link also says that although Mint (and Quicken) both use supposedly secure protocols, this is still no protection against an inside job by a bank employee. While that is true, it is true whether you go online or not. A bad employee could try to rob you blind 40 years ago, too.

That said, as the author pointed out there are good steps one can take, namely, create a strong password, don't click on random links someone sends you (we all do this for links in a TD post, right??) and so on.

Personally, I use Quicken Deluxe, not the online version. It isn't hard to set up and does more than Mint, although the latter has been catching up lately. I haven't moved online simply because I don't have a compelling reason to. The best reason to IMHO is for data backup, but I have that covered through other means.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/18/09 at 4:13 pm to
That is a good write-up. Nothing is hacker-proof, but from a technological standpoint, your data/passwords aren't any less vulnerable at whitneybank.com than they are on mint.com, which he points out in that article. I would say your average person is more likely to not have a properly secured pc and get their stuff jacked using quicken offline, than to get it stolen from Mint. If you're really worried about the passwords and account numbers, you just need to leave all of it off of your computer completely.
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 8/18/09 at 9:32 pm to
the reason mint is scary is because its ALL of your passwords in one site ...not just 1 account
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/18/09 at 9:47 pm to
Yeah, but they really aren't, that's my point. If you log onto someone's Mint account, you cannot get their passwords for anything. Mint doesn't store the passwords, it is essentially a fancy interface for logging in to your bank's website.
Posted by justinnevils
Kinder, LA
Member since Aug 2009
100 posts
Posted on 8/19/09 at 12:52 pm to
I think Mint is a bit fishy...and ver risky. I'd rather download Quicken and download a crack torrent for a license...Still free program and safer.

I like.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15045 posts
Posted on 8/19/09 at 1:10 pm to
quote:

Not one of those people who is against software piracy or anything like that,
Seriously?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/19/09 at 2:03 pm to
quote:

I'd rather download Quicken and download a crack torrent for a license...Still free program and safer.


I'm just saying that this is a commonly held belief that may or may not be true, depending on your level of technological savvy.
Posted by justinnevils
Kinder, LA
Member since Aug 2009
100 posts
Posted on 8/19/09 at 3:04 pm to
quote:

I know friends who tried cracks for quicken that were reformating hours later.


Damn, thanks for the heads up.
Posted by LurkerIndeed
Fat Guy In A Little Coat
Member since Nov 2008
842 posts
Posted on 8/19/09 at 6:47 pm to
quote:

Yeah, but they really aren't, that's my point. If you log onto someone's Mint account, you cannot get their passwords for anything. Mint doesn't store the passwords, it is essentially a fancy interface for logging in to your bank's website.


Maybe I'm misreading earlier posts, but unless they are very well integrated with online banking systems from a technical standpoint, they have to store the usernames and passwords for the banking sites somewhere, and if this is the case, then I would think this is a much more attractive target for the hacker crowd.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/19/09 at 7:36 pm to
quote:

Maybe I'm misreading earlier posts, but unless they are very well integrated with online banking systems from a technical standpoint, they have to store the usernames and passwords for the banking sites somewhere, and if this is the case, then I would think this is a much more attractive target for the hacker crowd.


Yes, you are misreading earlier posts, because this is precisely my point. Its almost like a redirect, you are essentially just submitting your information the same way you do when you use any online banking website. There is nothing on Mint's servers, it just passes through. There is no integration, Mint is just a facade. This is the primary purpose of encryption and having keys, and is the same technology that has been around for years.
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