Microsoft Money 2007 does not have much over Microsoft Money 2006 in new features, but a new budgeting feature is worth the upgrade if you are big on budgeting. Microsoft Money 2005 users should upgrade to Money 2007. Microsoft Money Essentials is an entirely new product for 2007 which replaces Microsoft Money Standard.
Want to learn about the latest Microsoft Money version? Read Microsoft Money Plus for 2008 Review.
Microsoft Money Essentials
- Microsoft Money Essentials is basic and ideal for those trying personal finance software for the first time.
- Balance accounts and automatically update account balances.
- Set up budgets using preset categories, track spending.
- Reports: spending trends, net worth, credit card debt and investment portfolio values.
- Pay bills online.
- Transfer data to tax software such as TurboTax and TaxCut.
Microsoft Money Essentials Review and Details
List Price: $19.99 (See Online Services Policy below)
Microsoft Money 2007 Deluxe
- All Microsoft Money Essentials features, but budgeting categories are customizable and split transactions are available.
- New Spending Tracker allocates monthly income to create savings plans for short- and long-term savings goals.
- More reporting features such as cash flow forecasting.
- Imports Quicken data.
- Drill down to details in budgets, spending and savings.
- Tax Estimator and Deduction Finder.
- 401k management and asset allocation.
Microsoft Money 2007 DeluxeMicrosoft Money 2007 Premium
- All Microsoft Money 2007 Deluxe features.
- Schedule D tax reporting.
- Includes Gainskeeper to help with investment decisions.
- Free credit report and one-year credit monitoring.
- H&R Block Deduction Pro charitable contribution tracking.
- One-year online backup from Carbonite.
- MyPublicInfo identity theft prevention .
Microsoft Money 2007 PremiumMicrosoft Money 2007 Home & Business
- All Microsoft Money 2007 Premium features.
- Ideal for home-based businesses; manage personal and small business finances with one software package.
- Invoicing and Schedule C tracking.
- 10 identity management profiles from MyPublicInfo.
- Online payroll services for one year.
- Compensation data from Salary.com, three months free.
Microsoft Money 2007 Home & BusinessOnline Services Details
Most online features require a Microsoft Live ID account.
Microsoft Money Essentials online services good until the earlier of one year after activation or September 1, 2008. Annual fee for continued access to online services; amount undetermined at the time of this writing.
Microsoft Money 2007 Deluxe, Premium and Home & Business online services good for two years after activation or September 1st, 2009, whichever is earlier.
Microsoft Money 2007 Minimum System Requirements
- Pentium II 300-MHz.
- Windows XP SP2 or later.
- 128 MB RAM.
- 350 MB available hard-disk space.
- 2x or faster CD-ROM drive.
- SVGA graphics card or compatible video adapter
- SVGA color monitor, 256 colors minimum, 800 x 600 resolution; 16-bit color recommended.
- Microsoft Mouse or compatible pointing device.
- 56-Kbps modem or broadband Internet service.
- Microsoft Live ID required for most online features.
