[comp.sys.ibm.pc] Financial Software: Managing Your Money or Quicken?

granoff@vaxwrk.enet.dec.com (Mark H. Granoff) (12/28/89)

I have pretty much decided to manage my checkbook, budget, investment
tracking, etc on my PC.  The question is which software package to buy. 
I've narrowed it down to Quicken V3 and [Andrew Tobias'] Managing Your
Money V6 (MYM), but I'm still in a quandry.

Is MYM worth the extra 70-or-so dollars up front and ~$50/year, over
Quicken?  I know MYM has *many* more features than Quicken, but...  What
do you get for the extra $50/year?  Automatic updates (with new tax
stuff)?  Is *that* worth it if I have an accountant do my taxes anyway?

Regarding checks: Quicken seems to work with only one size check (which
is OK), but MYM seems to be able to handle "Business" and "Personal"
checks.  Are these checks the same size or are they different?

I'm interested in hearing from anyone who has used either or both of
these packages and your impressions about each.

Thanks in advance.

----------------------------------------------------------------------
Mark H. Granoff               | Software Services/Engineering VAXworks
Digital Equipment Corporation | ARPAnet: granoff@vaxwrk.dec.com
129 Parker Street             | EASYnet: VAXWRK::GRANOFF
PKO2-1/M21                    | Usenet : ...!decwrl!vaxwrk!granoff
Maynard, MA 01754             | AT&T   : (508) 493-4512
----------------------------------------------------------------------
Disclaimer: Views expressed herein are my own and do not necessarily
            reflect those of my employer.
----------------------------------------------------------------------

rlp@drutx.ATT.COM (Bob Prehn (@ The Right Choice)) (12/29/89)

In article <7122@shlump.nac.dec.com>, granoff@vaxwrk.enet.dec.com (Mark H. Granoff) writes:
> I have pretty much decided to manage my checkbook, budget, investment
> tracking, etc on my PC.  The question is which software package to buy. 
> I've narrowed it down to Quicken V3 and [Andrew Tobias'] Managing Your
> Money V6 (MYM), but I'm still in a quandry.

Try Checkwrite Plus from the `Managing Your Money' folks.  It is the MYM
checking and budgeting sections split out from MYM.  It is only $29 mail order
from PC Connection.
I have used Checkwrite Plus since it came out and am quite happy with it.
It is very easy to use, (easier than the others I've seen once you set it up.)
You can be as detailed as you want to go with budget accounts, roll your own.
The current version of MYM is much easier to use than version 3.0 & before.
It handles multiple accounts & types of accounts for one person.  To handle
accounts for people under different budgets, you can set CW+ up in separate
directories.  (MYM handles this differently.)
It has numerous other features and also supports Checkfree Electronic banking.

> Is MYM worth the extra 70-or-so dollars up front and ~$50/year, over
> Quicken?
 
You don't have to pay the extra money every year.  I have gotten some of their
literature and it sounds like you get telephone support & free upgrades & some
sort of newsletter for the extra money.

> Regarding checks: Quicken seems to work with only one size check (which
> is OK), but MYM seems to be able to handle "Business" and "Personal"
> checks.  Are these checks the same size or are they different?

MYM & Checkwrite+ allow a variety of check sizes.


 Robert Prehn      +-----------------------------------------------------------+
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mattioli@TOOK.DEC.COM (John R. Mattioli) (01/04/90)

In article <4749@drutx.ATT.COM>, rlp@drutx.ATT.COM (Bob Prehn (@ The Right Choice)) writes...
>In article <7122@shlump.nac.dec.com>, granoff@vaxwrk.enet.dec.com (Mark H. Granoff) writes:
>> I have pretty much decided to manage my checkbook, budget, investment
>> tracking, etc on my PC.  The question is which software package to buy. 
>> I've narrowed it down to Quicken V3 and [Andrew Tobias'] Managing Your
>> Money V6 (MYM), but I'm still in a quandry.
> 
	I've been using mym for almost 3 years now and have found it worth every
cent I paid for it (including 2 $50 upgrades). 

	I know very little about quicken so I can't compare the two.  I know
that mym has done everything I need of it and it can do much more then I'll ever
need. 

	The $50 fee buys you a software upgrade (which will typically include
new tax info, new features, and bug fixes), a newsletter (quarterly), and, last
year, a patch diskette (to fix some bugs). 

	The biggest problem I've had involved my pay check because it's really
complicated.  It took me a while to figure out how best to deal with it, but
I've done it. 
-----------------------------------------------------------------
					John Mattioli
	Most improved skier (american blind skiers association 1989)
					and humble to!

(DEC E-NET)	TOOK::MATTIOLI
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(US MAIL)	John Mattioli
		550 King St. LKG2-2/BB9
		Littleton, Ma. 01460

norris@siecomp.uucp (JAMES H. NORRIS X4504) (01/04/90)

In article <7122@shlump.nac.dec.com>, granoff@vaxwrk.enet.dec.com (Mark H. Granoff) writes:
> I have pretty much decided to manage my checkbook, budget, investment
> tracking, etc on my PC.  The question is which software package to buy. 
> I've narrowed it down to Quicken V3 and [Andrew Tobias'] Managing Your
> Money V6 (MYM), but I'm still in a quandry.
> [..text deleted]
> I'm interested in hearing from anyone who has used either or both of
> these packages and your impressions about each.


I have been running various version(currently 5.0) of MYM and found it
to be a very valuable tool.  I use all of the chapters that come with it. 
I have purchased the upgrade contract ($60/yr) only once to get the most 
current version.  The contract includes the one yearly upgrade and 4 
quarterly newsletters.  The program is well laid out and documented very
nicely.  The on line help screen almost make the manuals unnecessary.
The portfolio manager is excellent in tracking all type of investments.
It even has a historical net worth graph that you can use to see if you
are gaining against the world or not. IMHO it is worth the money

Jim Norris          Siemens Components Inc.
norris@siecomp.UUCP Santa Clara, CA.
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cac@druco.ATT.COM (Curtis A. Conkey) (01/05/90)

in article <7184@shlump.nac.dec.com<, mattioli@TOOK.DEC.COM (John R. Mattioli) says:
< 
< In article <4749@drutx.ATT.COM<, rlp@drutx.ATT.COM (Bob Prehn (@ The Right Choice)) writes...
<<In article <7122@shlump.nac.dec.com<, granoff@vaxwrk.enet.dec.com (Mark H. Granoff) writes:
<<< I have pretty much decided to manage my checkbook, budget, investment
<<< tracking, etc on my PC.  The question is which software package to buy. 
<<< I've narrowed it down to Quicken V3 and [Andrew Tobias'] Managing Your
<<< Money V6 (MYM), but I'm still in a quandry.
<< 

I used MYM for 1 1/2 years and found it to be an excellent program for
giving histories, budget info, etc.

However, I eventually stopped using it because I found it more time consuming 
and trouble to enter all my checks into the program than to just get out 
the calculator and balance the checkbook on paper. I must admit that it 
was rather interesting to see all those fancy reports on how I spent my money 
but in the final analysis it didn't effect my spending patterns at all. 
So from that point of view it wasn't doing me any good to go to all the effort 
to enter in hundreds of checks just to get some nice looking report back on 
where my money was going. In my family if the kids need shoes,
they need shoes and it doesn't matter if the Kids Shoes budget is empty - the
money just comes from somewhere else.

Just another point of view on Check Balancing programs.

Curtis Conkey
AT&T Bell Labs
Denver, Col
att!druco!cac

andrews@hpcupt1.HP.COM (Edward E. Andrews) (01/06/90)

Can MYM handle currencies other than dollars (i.e. yen, pounds, francs etc.)?

tmb@moscom.UUCP (Tom Bellucco) (01/23/90)

I'm probably too late, but if you haven't decided yet, take a good look at
MoneyCounts 6.0 from Parsons Technology in Cedar Rapids, IA.

It is a fantastic money management software package!  It'll do everything the
big boys can do and then some.

Wanna hear the best part?  Its only $39!!!!

-- 
 Tom Bellucco - moscom!tmb@cs.rochester.edu  or  {...}!rochester!moscom!tmb
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