Why I use Moneydance

David Carlson's Avatar

David Carlson

02 Apr, 2009 10:54 PM

I started looking for an alternative when I----- started sunsetting support within a few years of release. Moneydance does not do that.

Moneydance is capable of importing OFX/QFX files downloaded from many financial institutions.

Moneydance will still work if I switch to a different OS.

Moneydance data files can be moved around at will. and easily backed up on remote media.

Moneydance accurately tracks the dismal performance of my investments They will get better sometime.

  1. Support Staff 1 Posted by Sean Reilly on 03 Apr, 2009 06:11 PM

    Sean Reilly's Avatar

    Thanks for letting us know what is important to you!

  2. Sean Reilly closed this discussion on 03 Apr, 2009 06:11 PM.

  3. fquist re-opened this discussion on 24 Jun, 2009 03:49 AM

  4. 2 Posted by fquist on 24 Jun, 2009 03:49 AM

    fquist's Avatar

    I started looking in earnest for a replacement for Microsoft Money when Microsoft announced that they were discontinuing it. For some time I have been looking seriously at KMyMoney but could never seem to get it to work right. After a search for reviews of money management software I noticed Moneydance. I had tried it a few years ago and was not happy with it. I downloaded the trial version of Moneydance two days ago and started importing from MS Money (just the account structure, not the transactions). I then set up the online banking for my bank and investment accounts (really easy compared to MS Money and KMyMoney) and downloaded recent transactions. When I hit the 100 transaction limit, I felt things were going well enough that I purchased the license. Today I have all accounts established and up to date. This is incredible to be able to do this with a new (to me) program! Kudos to the Moneydance team.

    I still am a little apprehensive about my mortgage payments where I normally make an extra principle payment (there have been comments that this might not be handled properly) and I would like to have splits available for the escrow portion so I can separate property taxes and insurance within the escrow account. All in all, though, I think this is off to a really good start.

  5. 3 Posted by Ben Spencer on 24 Jun, 2009 02:16 PM

    Ben Spencer's Avatar

    Thanks for the support. I am glad that the MS Money switch wasn't too painful.

  6. Raimund Buchholz closed this discussion on 01 Feb, 2010 10:35 PM.

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