Quicken has been around since The good news is that this long track record has given them an opportunity to learn what users really want from a personal finance program. For over 30 years Quicken has been helping people keep their finances organized and in one place.
Quicken allows you to connect all of your accounts in one place. It will also need to be updated every now and then. There is an online component to Quicken which makes it mobile-friendly. Mint has been the top-runner for years in the personal finance app space. This free app and website allow its users to connect their accounts all in one place. Mint will connect to just about every bank in the US which allows you to see practically any account you have with the click of a button.
Mint automatically updates with your accounts so that you have a clear picture of how much money you have in all of your accounts at once. Because Mint is free, expect to see ads in your app and online. They also make money when a user signs up for a sponsored service, such as a credit card or checking account. Quicken has many features to help keep your personal finances organized. In fact, they have so many options that it might just be a little overwhelming. Mint helps over 20 million users know their money better.
If you have a habit of balancing your checkbook every month, Quicken might be a good software solution for you. Those used to this system may be left unsatisfied by Quicken competitors. One major difference between Quicken vs. Mint is that Quicken is a paid software program. The software can either be downloaded straight to your computer, or you can purchase a hard copy.
Quicken is convenient for users who expect to have slightly more complicated tax returns than most. If you have a side gig or a small business, you might find it handy to use a lot of the features that Quicken offers, which you will not find in alternatives to Quicken.
The software can generate custom reports to help with expense tracking and deal with investment tax issues like capital gains. For those upgrading from previous versions of Quicken, it is very simple to get started with the version. For those new to the software, set up is very similar to Quicken alternatives like Mint. There is not a huge difference between Quicken vs. You can have the software sync up with your accounts online, or you can manually pull in. Quicken allows its users to input any kind of transaction into the ledger and to manage bills and investments at a deep level.
Many of these functions can really help when tax time comes around. For instance, you can upload pictures of receipts when inputting expenses. This will help your tax preparer when dealing with deductions. Quicken , unlike Quicken alternatives, has an integrated bill-paying system.
Key Quicken Features. You can manage your bills from within the software. It will help you determine when your bills are due and remind you when it is time to send payment.
When deciding between Quicken vs. Mint, it is important to note that Quicken offers robust investment reporting. You can gauge the past performance of your investments using custom reports. Quicken also allows you to export data for realized and unrealized gains, cost basis calculations, capital gains, and more.
These functions are above and beyond what you can get from any of the Quicken alternatives. Some Quicken competitors, including Mint, appear to be simpler in execution. This is largely true, although not many are as customizable as Quicken. Quicken is available for Mac and PC. This is a major difference between Mint vs. Unlike Mint, which is a web-based app, Quicken lives on the hard drive of your system.
You will need to download the software online or install it from a disc. In terms of upgrades, Intuit makes it pretty easy to upgrade from earlier versions. You will probably want to purchase the most recent copy of the software. This might be an unreasonable annual expense if you do not use all of the features of the software. This is where the free budgeting tools in Mint shine through, making it a top free Quicken alternative.
Unlike many Quicken competitors, you can export your data directly into TurboTax another Intuit product , which can be a huge bonus feature at tax time. You can also generate reports for users who do not have Quicken. You can send reports to your accountant, financial planner or family members. When it comes to analyzing Quicken vs. It's the better choice for people whose money situation is a little more complex and don't mind spending a more time analyzing the activity in their accounts.
But, if simplicity is key for you, you might prefer Mint for offering you the basics of what you need without overwhelming you with everything else. One of the things that makes Mint appealing to such a large number of people is the fact that it's free. All you need to do to sign up is register a username and password and enter the login information for all the accounts you want to link up.
No muss, no fuss and, best of all, no cost. Quicken, on the other hand, comes with a pretty hefty price tag - but it's worth it if you're looking to go a little more in-depth with your finances. The winner in this category depends on your needs. If you want something basic to manage your money, Mint's the best way to go in terms of cost.
And while some people might balk at the idea of shelling out money for Quicken, others may see it as a small price to pay for a more complete picture of their financial situation. On the surface, Mint and Quicken look pretty similar - but if you dig a little deeper, it's easy to see how drastically different they are.
Mint is ideal for keeping track of day-to-day spending and goal-setting - and it's free. It's also ideal for people who want to manage their money on the go, with its state-of-the-art mobile app. Quicken, by comparison, is more useful for analyzing long-term spending trends, monitoring your investments, and recording expenses for tax purposes.
All those extra features come at a premium, so it's important to be clear on what you need and what Quicken will do for you before you make a purchase.
Technology can be a wonderful thing, especially when it comes to your finances. But just because technology makes the idea of managing your finances easier doesn't mean that it's necessarily the best tool for you. When you evaluate which financial app is better for you , such as Mint or Quicken, back up for a few minutes first and evaluate which method of financial management is best for you overall.
For example, if you feel joy every time you cross a to-do item off a list, you might prefer pen and paper. Or, if you like to build spreadsheets and plug numbers and variations in yourself, then you might be better suited for Excel or Google Sheets. But if you're always on your phone and consider your apps to be your trusty sidekick, then, yes, an app is the best way to go for you.
The point of thinking about this is that you might find yourself downloading apps and loving the idea of them - but never using them.
So you download another app, and another, and another Before you go down that path, take a few minutes to evaluate your productivity style and preferences and match your method to that. If you're not sure of what helps you be productive, evaluate your work habits. Do you use a daily planner to stay on task? Do you have a document or task list you created online? Or do you use apps that send you updates and reminders? As soon as you understand what keeps you motivated at work, you'll know how to do the same in your finances.
And then you can get to work on what you really wanted all along - positive, motivated progress with your money. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all account options available.
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Credit score ranges are provided as guidelines only and approval is not guaranteed. Learn the differences between Mint and Quicken to find the better financial tool for managing money.
Both let you enter how much you can afford to pay each month and tell you how long it'll take to pay it off. Mint allows you to set up all your monthly bills. You can link utility accounts like DirecTV, Verizon and even add offline bills such as for rent, cleaner, babysitter, etc. Mint will show you the overall bill total due this month and how much cash you have available. Besides just tracking bills, Quicken also lets you pay your bills directly through the software.
Mint no longer supports bill pay as of June However, the online bill pay is only available with Quicken's Premier plan. Many banks offer free online bill pay, so it doesn't make sense to get Quicken just for this feature.
In comparison, Mint is purely an investment aggregator. It merely combines your accounts to show overall performance. It analyzes your current investment strategy and offers personalized advice. It calculates how much you're losing to fees and how you can rebalance your portfolio to reach your goals better.
Quicken has a Lifetime Planner Windows only for retirement planning. You can input different "what if" scenarios purchasing a home, children's college costs, etc.
It'll also take things into consideration like your future Social Security benefits, expected annual spending, estimated life expectancy, and estimated return on investment. Quicken will use these assumptions to come up with a projection of your retirement finances. Mint does not offer any real retirement planning abilities, except for basic tracking of a retirement goal. Mint will help you come up with a retirement goal amount based on your current age, retirement age, and your desired annual income during retirement.
You can then link savings and investments accounts to the goal. Mint will track your progress as you save. It tells you the factors that affect your credit score, such as your on-time payments, credit usage, total accounts, credit inquiries, etc. This information is helpful so you can monitor how you're doing and improve your credit. Another plus for Mint is that you can set up customized alerts to stay on top of your finances.
Alerts include: If there's unusual spending or if you're overbudget in a category Credit score updates and credit changes If an account drops below a certain balance If available credit drops below a certain number If there's a large purchase above a certain amount If you're charged a bank fee Bill reminders.
This helps you monitor your accounts in real time. You know right away if something goes off track and you can take steps to fix it or adjust your budget. Mint doesn't offer any functions for real estate and small business management.
So, Quicken wins in this category. Note that this is only available for Windows. Small Business Management Features Track all your assets and liabilities Separate business and personal transactions Store contracts, receipts, and other business documents Create Schedule A to E tax reports Track business deductions, even from personal accounts Export directly to TurboTax Create and email custom invoices. Real Estate Management Features Track property value, loans, rental income, and expenses Save tenant lists, lease terms, rental rates, and security deposits Track outstanding and paid rents Send email reminders and custom rent receipts Run Schedule E and other tax schedule reports.
Mint doesn't offer phone or email support. They hope to make up for this by offering a fairly easy program, but if you have a quick question, you're out of luck. Quicken has a much better reputation for customer support. You can call and talk to a real, live person. Plus, you probably won't have to wait a long time to get someone on the phone. Quicken Premier subscribers also get their own Premium Support services. Pros Tools are completely free Automatically updates accounts in real time Create custom budgets and track spending View net worth on your dashboard Free credit monitoring Custom alerts User-friendly interface and mobile app.
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