Are There Any Personal Finance Software Programs That Are Particularly Good For Canadians?

November 6th, 2008 Posted in Investing|Personal Finance

Are There Any Personal Finance Software

Are You Aware of Any Internet Based Personal Finance programs?

New Post – Personal Finance Software Review by Financial Author A. Dawn

2012 – Personal Finance Software Quicken: Should You Buy It?

I always get emails from ADJ readers asking questions on a variety of topics. I try to reply those as soon as I can. Take the email snapshot on the top left, for example. A Canadian couple wants to know which personal finance software programs to use. Today, in this post, I will let you read my answer. I haven’t changed their questions, or my answers, except one thing – their names are being withheld for privacy.

On Tue, Oct 7, 2008 at 11.14 AM, A Canadian Couple XXXXXX@sasktel.net wrote:

Do you recommend any software programs such as Money or Quicken?  Are there any that are particularly good for Canadians? Are you aware of any Internet based personal financial programs?
Thanks.

Here Is My Answer:

Hello There,

Thank you for reading my site. Your questions can be answered in two parts.

Part 1

If you are looking for a software to bring all your accounts such as bank accounts, mutual fund accounts, credit card accounts under one platform, there are two options. You can use either MS Money or Quicken. These two have Canadian versions and you can budget, track your expenses, and see all your accounts and transactions on one screen. Quicken would cost about $100 and MS Money would cost about $50. Many computers have MS Money installed on it. So check first to see if you already have MS Money. Which one is better? Quicken is my choice but it costs more. If you can get free MS Money, do not spend money on Quicken. One point I would like to mention is probably you will get notifications every year asking you to update (meaning spend more money). Do not upgrade. It is unnecessary and a waste.

Part 2

If you do not need to see all your accounts and transactions under one software,  go with an online program.  There are the two I would like to mention: www.Expensr.com and https://www.moneytrackin.com/. I use Expensr. With these you can track your spending, make budgets, set goals etc. Check both and pick the one you like.

Cheers,

Ahmed Dawn

www.adawnjournal.com

Some hand-picked posts you may want to read:

30 Free Canadian Financial Tools and Calculators
13 Free Canadian Personal Finance eBooks
Personal Finance Software – Part 1
Personal Finance Software – Part 2 (Final Part)
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  1. 10 Responses to “Are There Any Personal Finance Software Programs That Are Particularly Good For Canadians?”

  2. By George on Nov 10, 2008

    I recommend Fortora Fresh Finance (http://www.fortora.com). It supports the Canadian dollar, and it’s super simple to use. And best of all, it’s available for both Mac and Windows.

  3. By John Weller on Feb 13, 2009

    I am considering sometime in the future of purchasing an Apple computer…..Presently I an using Quicken (Canadian version) to trck my finances. Will that run (or is adaptable to) an Apple computer? It is my understanf\ding that MS Money no longer puts out a Canadian version, so I’m not sure that that is an option. What is Fortora?

  4. By A.D. on Feb 13, 2009

    John,
    To answer your first question – visit this link on Quicken Canada website: How do I convert my Quicken for Windows data to Quicken for Macintosh? http://faq.quickensoftware.ca/detail.php?qbid=QK232&buid=QK
    If it does answer your question, you can email Quicken support team. Your second answer: Yes, Microsoft stops supporting Canadian version. Your third answer: Fotora is a personal finance software program like Expensr. It’s got more features but it is not free. Hope this helps.

  5. By Randy on Oct 30, 2009

    Hi,

    You cannot ignore Quicken requests that you pay for updates, if you use online banking. They force you to upgrade by demanding that you accept an ‘update’ that will destroy the functionality for importing transactions. If you complain, they will say that you agreed to this when you installed the software.

    The best deal is to purchase Quicken bundled with the Intuit tax software.

  6. By A.D. on Oct 30, 2009

    Thanks for your info and tip. Appreciated.

  7. By Alex Hung on Mar 22, 2011

    Thanks for sharing the answer since most of us will be eager to know about such softwares. The links provided are helpful and convenient.

  8. By CHH on Jan 10, 2012

    A note on Fortora Fresh Finance. Bought it and have happily used it for the past 14 months. Relatively user friendly. Suddenly, just last week, it stopped working. Why? Well, as it turns out, I guess you don’t actually buy the program, rather you buy a limited time licence. Once it expires you’re left high and dry unless you want to buy another limited time licence. Guess I’m guilty of not reading the fine print. Bottom line, very disappointed.

    This kind of “gotcha” seems to be all too common with software these days. After purchasing and using Quicken 1999 for ten years without any intrusion from Intuit, with upgrading to newer Windows platforms, I had to give it up. As related to Intuit, I purchased their Quick Tax four years ago and was irate that I couldn’t complete one tax return without having pop-ups to buy other or newer products. Further, I was inundated with unsolicited emails until I registered a number of strong complaints. I swore I’d never buy another Intuit product and I won’t.

    I am presently using a free Financial program, “MoneyManagerEX”, which I really like but it has some bugs [doesn’t seem to like O/S Windows 7] and support is hard to find.

    All to say, I would like to find a Personal Financial program that works without being on-line, [whether it’s free or has a purchase price doesn’t matter]. Anyone?

  9. By John f on Jan 27, 2012

    Yes CHH I would also like to have a Canadian based home finance program that works without being on line. I tried MS Money but it is US dollars or a conversion from US dollars. I just want to keep track of expenses and bank account. Automatic download of bank info not necessary.

  10. By Lindsay on Feb 26, 2012

    Canadians can now access the Canadian version of Mint.com, which is an online tool that will automatically link to your bank accounts, credit cards, and certain investment accounts and download all the information into one place.

  11. By GMAN on May 1, 2013

    I just got a new IMAC . ned a personal software like quicken
    canadian that will work on a mac ( osx ).
    do you have a good one ??

    Thanks

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