Moneywell, I’ve all but abandoned thee

Yeah, seems like today is a day of #fail for me.  I realize today scanning over my blog content that I’ve all but abandoned my new buddy Moneywell.  Its very close to a month since I used it last and although I really like the software, its different and I’m having troubles with that.  I am still finding myself relying on Microsoft Money and its darned running balances.   Habit is hard to break.

Now, a month later, I have a lot of reconciliation to do to catch up in Moneywell.  The thing I am struggling with most in the software are duplicate transactions and how to easily find them.  Running balance is how I’ve always been able to check and make sure everything is on track from day to day, and although the daily totals are in Moneywell, I’m finding it hard to find errors.

And, part of this is self-inflicted (see, really sensing a theme here).  I like to prepopulate my transactions in my financial program and so there are transactions for up to a month in advance in Moneywell.  So when the real transaction downloads and the dollar amounts don’t match from my guestimate transaction, my balances go wonky.

The other thing I miss from Microsoft Money is my bill reminders – my recurring transactions in Quickbooks speak.  I’ve used these to remind me of annual and quarterly bills, plus my monthly transactions. Its kept me honest with the trash company and even helped me make sure I never overdraw the account on a month-to-month basis.

So, back to the drawing board.  I need to carve out some time this week in the evening to get things caught up in Moneywell.  I really believe the software has a lot of promise for me and for my family’s finances.  I need to give it an honest try!

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Philip is a IT solutions engineer working for AmWINS Group, Inc., an insurance brokerage firm in Charlotte, NC. With a focus on data center technologies, he has built a career helping his customers and his employers deploy better IT solutions to solve their problems. Philip holds certifications in VMware and Microsoft technologies and he is a technical jack of all trades that is passionate about IT infrastructure and all things Apple. He's a part-time blogger and author here at

3 Responses to “Moneywell, I’ve all but abandoned thee”

  1. daniel #

    so how did it go with moneywell? It has been a long time since your last post… did you abandon it?
    Are you still using MS Money?
    What are your plans for a future financial software?
    please email if you could.
    thanks for sharing!

    December 1, 2009 at 1:59 pm Reply
    • Philip #

      Unfortunately, I am still using Microsoft Money – I can’t break my habits there and Moneywell, albeit nice, has some things that I just can’t get accustomed to. I really need the running totals because of the number of transactions that I post each week and missing those makes it very hard to reconcile my accounts.

      December 22, 2009 at 8:40 am Reply


  1. Tech Talk » Blog Archive » Update on my money management software - January 5, 2010

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