#Banktivity 6 review full#
#Banktivity 6 review plus#
#Banktivity 6 review download#
#Banktivity 6 review free#

I am careful with categories, I keep them to under 24 and that is adequate for me. It helps that I only spend out of 4 accounts, one checking and three credit cards that are each optimized for something different. Once or twice a month I export transactions manually in the OFX format and import in KMyMoney.

#Banktivity 6 review download#

The only minor downside is that I have to import transactions manually as the online download functionality does not work too well. The main thing that differentiates KMyMoney is that I can easily create reports that slice and dice my expenses by category in ways that I can't do with any of the online tools.

I have been doing that for quite a few years and it helped me optimize/fine tune some of the expenses, but also gave me solid confidence on what it would take to have a comfortable life in retirement. stuff that is either transient or bound to change in retirement: kids college expenses (when I had them), travel, health care, car expenses, etc. It is especially useful for tracking absolute core expenses, like food, bills, housing maintenance, insurance, personal shopping, property taxes, vs. I have two objectives:Ī) make sure I understand where my money goes and I am not over spending on anythingī) understand my expenses for the purpose of properly tracking for retirement. My primary usage is tracking expenses, not budgeting or investment tracking.

#Banktivity 6 review full#

Too buggy and did not like buying it.ĭidn't feel comfortable using online stuff, but recently I started using eMoney, both via PlanVision and Fidelity - Full View, but I still like KMyMoney by a wide margin. Used MS Money long ago and tried to switch to Quicken when it went away.

#Banktivity 6 review free#

Free open source, desktop app, for both Windows and Mac, works great as my primary expense tracking.

#Banktivity 6 review plus#

I spend 30 minutes to 45 minutes in the typical week (in one setting) downloading transactions and updating a few non-downloadable items, plus reviewing the reports I’ve created. I prefer Quicken for the investment reporting that I need.Įmphasizing the first item, its usefulness on an ongoing basis depends to a large degree on how much time you put in on the initial customizing. Both are fine for income and expense tracking - I could work with either for that. I've helped a friend with Mint, so that is the only real comparison I can make. There is no need to manually enter recurring bills or income items. By occasionally accessing their user forum, you will quickly know whether glitches require attention or can be waited out.ĥ)Reporting is pretty decent and somewhat customizable.Ħ)Account reconciliation can be done automatically.ħ)Quicken allows for extensive automation of routine tasks. Worst case there are several things you can do, but none are time consuming. The most typical glitch arises when an account download fails. In fact, I don't view them to be significant anymore. There is a trade-off here that is worth some thought - it all depends on what your needs are.Ĥ)Glitches are not that frequent for me compared to 10 years ago. If you create minutely detailed spending categories, you will spend more time categorizing.

Done properly, it can be a tremendous time saver.ģ)You can be as granular or high-level as suits your needs when tracking expenses and income. If I spent more time using Quicken than alternatives, I wouldn't use it. Quicken saves me far more time than it requires of me, but I would not be willing to use it if I had to input transactions manually.

How much depends on you, type and number of accounts.Ģ)If you connect for automatic transaction download, you will drastically minimize the time required. A few comments on Quicken, from a long-time user:ġ)There will be some time commitment needed for setup and initial learning.