Microsoft Money 2006 Deluxe

Microsoft Money 2006 Deluxe – Software Publisher’s Description:

Microsoft Money 2006 Deluxe review:4 stars (Yawn!) – 1 – No difference that I can find over 2005. Funny thing is that I said this with my 2005 from 2004 version purchase! I guess I will never learn, I’m a sucker for the lastest and greatest Money software. Really, you do not need this if you have 2005, you can live without backing up to CD/DVD.

2 – I have not found any bugs. You are thinking, Ya, so? If you were an early adopter of 2005 (the buggiest POS that MS Money put out), you would have seen this a huge achievement also.

Summary – nothing really exciting over the previous 2 versions, wait for the free offer with your tax software next year. If you are new to personal finance software, you really need to get this.5 stars (Good release Microsoft) – I have to say – I am very happy with my purchase. I have tried both quicken and microsoft and have come back to microsoft money do to it’s ease of use, features, options, and good looks (I like to see everything at a glance). I was fairly disappointed last upgrade (Money 2005) because I could never get my bank to work with their Yodlee automatic banking. However, I upgraded to this version and ta-da everything works. Added features are nice (multiple bill pay from one screen, etc.) and everything I enjoy is still there. Banking is easy and I admit to being a graph addict because of this program. I would recommend this program – however I wouldn’t do the upgrade from 2005 unless you, like me, had problems with the automatic banking. There just is not enough new features to warrant the upgrade.

However, I do recommend downloading the trial version from their website (I did). Backup your money file elsewhere (once you upgrade the file it can not use an older Money version) and try the program out for a couple days. 4 stars (Pretty Good) – I downloaded the trial for Money 06 and imported my Quicken 2003 data into it (with no problems). I’ve been using Quicken since 97 to pay bills, track all my investments, CCs, spending, EVERYTHING. I must say, this is pretty good once I learned my way around. However, since I’m on release 03 of Quicken, I guess we will have to wait to see how 06 will compare to Money.

One thing that bothers me with Money (and Quicken) is investment tracking. Why can you only track investments in terms of small, mid and large cap? What about international, Real Estate, and others? I really wish they would add some of these other catergories (or allow the user to add them) to get a better picture of where your investments are. I still resort to using Excel to find out what my true percentages are for other investments to help determine how diversified I really am. Having small, mid, and large catergories doesn’t give you enough of the picture. If Money had that feature, I think that would be enough for me to take the gaint leap from Quicken to Money. I would like to see how 06 compares when it comes out later this summer.

Other than that, Money seems to be a good piece of software with alot of what Quicken can do but with some additional features.

Another note, Money is also taking Quicken’s lead in terms of forcing you to upgrade every couple of years if you use it to download or bills.

Microsoft Money 2006 Deluxe Features:

  • Computer software (programs)
  • Personal Finance (Financial)
  • Invest (Investment)
  • Money 2006 Deluxe gives you access to credit scores and percentile rankings and helps assess credit risk levels.
  • Money connects to thousands of banks and updates balances automatically, letting you easily stay on top of your finances.
  • The Money Bill Calendar lets you see upcoming and paid bills at a glance.
  • Work toward long-term goals like buying a house, budgeting for college, or saving for a vacation by first reducing debt.
  • Money makes it easy to get organized for tax time, with professional tips from tax experts, Tax Estimator and Deduction Finder tools, and exporting of your data to tax preparation software.