Wednesday, July 1, 2009

Microsoft Money to be Discontinued

Microsoft has recently announced that it will discontinue its Money Software. In late 2007 (at the same time that bought my tax preparation software), I bought a copy of Microsoft Money Plus (2008). And in January of this year, I wrote that Microsoft decided not to release a 2009 version of Money. It turns out that Money Plus will be the last version of MS Money to be produced. The following notice was posted on the Microsoft Money website:

Important notice: Microsoft Money Plus will not be available for purchase after June 30, 2009. All purchased Money Plus products must be activated prior to Jan. 31, 2011.

With banks, brokerage firms and Web sites now providing a range of options for managing personal finances, the consumer need for Microsoft Money Plus has changed. After suspending annual updates of Money Plus in 2008, Microsoft is announcing today that we will no longer offer Microsoft Money Plus for purchase after June 30, 2009.

We would like to thank the many dedicated users who have been enthusiastic supporters of Microsoft Money over the years, as well as our partner financial institutions who helped pioneer a digital vision of financial management.

Microsoft remains committed to helping customers chart a course to financial well-being. The MSN Money Web site will continue to provide personal finance information and advice plus comprehensive market news and quotes. We will continue to evolve and enhance the online MSN offering in the coming months.


Microsoft also posted an FAQ on the topic.

To tell the truth, I never installed installed MS Money Plus on my computer, and am still running Money 2007. The Money FAQ has some interesting recommendations to people in my situation. Here are a couple of questions and answers from the FAQ:

Q: I am Money 2007 user. Should I upgrade to Money Plus before sales end?
A: If you are still using Money 2007, it is not recommended that you upgrade to Money Plus at this time.

Q: I am a Money 2006 or earlier user. What should I do?
A: If you are still using Money 2006, it is not recommended that you upgrade to Money Plus at this time.

So, Microsoft is not even recommending that people upgrade to the last and final version of MS Money. I have an unused and unactivated copy of Microsoft Money Plus that Microsoft does not recommend I upgrade to. Maybe I ought to sell my copy of Money Plus on eBay.

What do I do now? There is a new version of Quicken 2009, and I might consider buying that or a 2010 version when it is available. Also, an anonymous commenter on my last post suggested that I ought to consider GnuCash. According to the reader, GnuCash is 100% free and very powerful. I have downloaded this software, and I won't dispute these claims. However, I will say that GnuCash is not as intuitive as either MS Money or Intuit's Quicken.

Interested readers can read more about GnuCash at: http://www.gnucash.org/
You will also find links to download a free copy of the software for Windows (63MB). The source code is also free and available if you want to compile it for Linux, UNIX, or Macintosh.

DC

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