There is no better way to keep track of your finances other than doing it online in the privacy of your own home on your own time. You can take charge of it yourself and know exactly where you stand at all times. But, what kind of financial software is the best kind to use? When doing research, you’ll find that there are tons of packages available to users, but two of the best are Quicken 2006 and Microsoft Money 2006. These are designed to the meet the needs of those with basic personal finances. There are premium packages available for those who are interested in investing and tax management, but if you are just looking for the basics, one of these types of financial software are for you. Which one should you choose? Let’s compare some of the differences/similarities between them on this site:

Both financial software packages allow you to do automatic register updates, balance your checkbook, manage your spending into categories, pay all of your bills online, do scheduled billing so payments can be made automatically without you having to do anything, design spending reports and charts, track your spending, create a budget and business reports, customize your start screen, do debt reduction planning, get a cash flow forecast, export your info to tax programs, estimate what your taxes will be, figure out what your tax withholdings should be, do 401K management, create investing alerts and do capital gains estimation. Quicken 2006 financial software allows you to do Morningstar ratings, do capital gains minimization and schedule a, b and d reports while Microsoft Money 2006 does not. However, Microsoft Money 2006 financial software allows you to do credit report monitoring, have a browse-like navigation and have on-demand web content while Quicken 2006 doesn’t. A few more services that Quicken 2006 offers over Microsoft Money 2006 is that Quicken 2006 will let you do a one-click review of your payment history, search by keywords, attach electronic images, convert reports to PDF’s for download, and change your customized reports. It’s also important to know that Quicken 2006 is a little more pricy than Microsoft Money 2006, but that’s also because it has some more features.

Quicken 2006 financial software can range anywhere from $40.00 - $50.00 while Microsoft Money 2006 financial software is around $20.00 - $30.00. Contact your local retailer for current prices.

So, with that said, which financial software product package is better designed for your needs? You can take a look at the features that have been mentioned and see which ones fit your finance situation and which financial software will better help you organize yourself and bring you the solutions you need.