1. Computing
Shelley Elmblad

Have You Made the Switch from Desktop to Online?

By August 16, 2008

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Have you switched from Money, Quicken or other desktop financial software to online personal finance software or applications at your online bank, online brokerage or other financial institution? Please share what you are using to manage money online and what your experience has been in the financial software discussion forum, or use the comments for this post.
August 28, 2008 at 8:15 pm
(1) Eric Poulin says:

We’ve been using CalendarBudget for several years and are now actively marketing it. There are tons of people trying it out, so there is definitely interest in moving to an online solution for personal finances.

One of the problems with moving online is a feeling of loss of control, since many of the solution providers gain direct access to your bank account (Yodlee, Mint, Wesabe, etc.). This makes people nervous and often breaks security and privacy policies at banks, leaving you at risk if anything bad ever happens.

CalendarBudget overcomes this by importing your transactions from an online banking export file (Quicken, Quickbooks, MS Money format). This is a little less convenient, but balances the need for privacy and security.

August 28, 2008 at 11:33 pm
(2) BATS says:

Are you people crazy? Online banking? Why not just give your money to the hackers and save yourself time and energy? Some yrs ago, the VP of our bank called to ask if we’d like to try online banking with the usual monthly fee waived for a few months.
I asked what type of protection existed in case of fraud: e.g. hacking, etc. With credits cards, the MOST I could be responsible for is $50; and only if I was negligent. If I am not, I’m out NOTHING.
There was a long period of silence. I told him to call me back when he could provide me with the same assurances I get from credit card companies. I’ve yet to hear from him five years later.
I pay bills online-with my credit card. We were the victims of ID Theft when a credit card never reached us and we got a bill for $15,000.00…The credit card company immediately canceled the card and filed a fraud report. We’ve been notified twice in the past 2 yrs by Nordstrom about security breaches. The most recent one resulted in the issuance of a new account & cards.
I have a very few bills, like utilities, that are on automatic payment. But put my finances out there for the world to steal. Not in this lifetime!

September 4, 2008 at 5:09 pm
(3) Brad Hull says:

I would never ever put my accounts online! I’m with “Bats” “But put my finances out there for the world to steal. Not in this lifetime!”

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