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Computerized Investing > January/February 2007

Editor's Outlook

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by Wayne A. Thorp, CFA

Money Versus Quicken

It’s hard to believe that the ball has dropped on yet another year. Now that the hustle and bustle of the holidays has passed, we are left with at least trying to stick to our New Year’s resolutions for more than a few weeks. For many, that may include getting your financial houses in order, saving more, spending less, or reducing your credit card debt after all the holiday shopping.

Personal finance programs can help you get a leg up in these pursuits. These general-purpose applications offer a variety of tools for budgeting, tracking income and expenses, and managing and researching your investment portfolio. They are also designed to help with long-term financial planning—such as for retirement, buying a house, or paying for college. The two dominant programs in this category on the market today are Quicken from Intuit and Microsoft Money. The article that begins on page 20 outlines the features offered by the latest versions of these applications and offers my recommendation as to which one wins the head-to-head competition.

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