Ten years ago, when I first seriously got into personal finance and started using yearly versions of Quicken, there was a decent amount of choice.
The big players, Quicken and Microsoft Money, kept each other somewhat on their toes and new features were implemented over the base design, although Quicken never really changed much.
Somewhere in the latter half of the decade, there was an explosion of online innovation. Companies like Mint, Wesabe, Quicken Online, Mvelopes, and countless others started to tap a younger and more web-savvy market.
Suddenly, there was a lot of choice.
Then came the news that Microsoft Money would be closing its doors. Now, rumors surround the desktop versions of Quicken–is there a future in the desktop market and will Quicken deliver a product worth talking about?
Quicken Online merged with Mint to create a online mega-giant. Wesabe closed its doors.
Very suddenly, when people ask for suggestions on a personal finance manager, I’m left with few obvious choices.
Mint.com is good, but the relative lack of competition and its one-size-fits-all, non-customizable interface leaves much to be desired.
The latest from Quicken seems to be that they’re working on a “cross-platform” app that would work on PC and Mac desktops, as well as the web.
Are the days of free online management numbered? What about desktop management? Who will step up to the plate and innovate?
Photo by orangeacid