About MoneydanceĮmpower: Free for the basic app Wealth Management services range from 0.49% to 0.89% annually Quicken: $34.99 to $99.99 Moneydance: $49.99 Unique features Features unique to EmpowerĮmpower is the only app on this list that's free to use. But Quicken offers a 30-day unconditional money-back guarantee. There's no free trial available, so you have to pay to download. The Home & Business version adds features for property managers and small business owners. Other major features include investment tracking, retirement planning and bill pay. It also connects to your accounts to automatically download balances and transaction details to your computer. Intuit practically invented computer budgeting programs, so it should come as no surprise that the software is good at this. Most readers would probably need at least the Premier version, which has a $74.99 price tag. Despite this, you still have to pay an annual or two-year license fee to access the latest updates.Quicken offers four Windows versions, ranging from $34.99 for Starter to $99.99 for Home & Business (which is not available for Mac). Unlike Empower, which is web based, you must download Quicken onto your Windows or Mac computer desktop. Intuit, the current owner of QuickBooks and Mint, developed the software but sold it to another company several years ago. That's before most of us had computers, if we were alive at all! It has a lot of history, since the first version came out in 1983. Many people think of Quicken as the original money management app. There's both a web and a mobile version to monitor your money at your computer or on the go. Because it's free, you have nothing to lose by giving it a try. I regularly suggest this free money management app to friends and family. That compounds to tens of thousands of dollars in savings over time. That led me to make some changes, and ultimately I saved $300 per year in fees. When I signed up back in 2012, I used Empower's tools to take a closer look at the investment fees on my mutual funds and ETFs. Just connect your financial accounts and Empower will take care of the rest. Empower breaks down your asset allocation, shows your portfolio performance by account or across accounts, calculates your net worth and gives a high-level overview of your cash flow by category. The free online money tools do an excellent job of helping you understand your investments. The only “string attached” is that the company may try to sell you on its investment services if you have $100,000 or more in investable assets. You can use the investment tools even if you don't pay to use Empower as an investment manager. It's an investment management service that also offers a free personal finance dashboard.
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