MD reviewed head-to-head with other personal finance products

mike808's Avatar

mike808

27 May, 2009 04:36 PM

I took a look at the comparison review site http://personal-finance-software-review.toptenreviews.com/
Taking a look at the review and the feature checklist should give an indication of where MD has an edge over its competitors as well as where improvements can be made (either in the feature itself or in the perception of the feature being available).

Notably, refinance calculators were noted as "missing" from MD and present in other products on the checklist, but in the review, it clearly notes that it is trivial to install these extensions.

Also notably missing from the discussion about the pricing for this software category was the fact that MD is a one-time purchase, and the others are licensed on a "forced obsolescence" model where the software will stop working if you do not purchase upgrades in the future. So it isn't really a $30 vs. $30 purchase question, it's a $30 every two years vs. $30 one-time question.

Also, the generous licensing terms could have also been mentioned in the review. The other packages require separate purchases to install on multiple computers you own.

Just food for thought.

  1. 1 Posted by Ben Spencer on 29 May, 2009 01:33 PM

    Ben Spencer's Avatar

    Hi Mike

    Thanks for bringing this to our attention. Reviews can be a mixed bag sometimes, with the reviewers not always being well acquainted with the features of the software they are writing about. It is very encouraging to read posts like this from satisfied users wanting to set the record straight.

    Sincerely

    Ben Spencer

  2. 2 Posted by mike808 on 29 May, 2009 05:53 PM

    mike808's Avatar

    You're welcome. My point wasn't to criticize the reviewer, but rather to point out areas where MD can improve the "checklist comparison" method used by sites like this and other comparison reviews.

    I don't know if different products were reviewed by different people or not, and the reviewer for MD did highlight several of MD's strengths (cross-platform support, extensions, etc.), so it was quite a positive review for MD up against the 800-pound gorillas in this space.

    The checklist should give an idea as to where the market is looking for features consumers find valuable in their personal finance software.

  3. 3 Posted by Ben Spencer on 29 May, 2009 08:30 PM

    Ben Spencer's Avatar

    Thanks for correcting my understanding. I've emailed the link to this review to the lead developer. I agree the check list comparison does highlight some areas that are in need of improvement.

    Ben

  4. Ben Spencer closed this discussion on 29 May, 2009 08:30 PM.

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