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Article #11688

Re: Quicken vs Managing Your Money

#11688
From: Scott Wilde
Date: Tue, 12 Jan 1993 19:50
43 lines
3100 bytes
As I long time user of MYM, I feel compelled to add a few cents worth in support of MYM.

In article <C0r7F8.95u@fc.hp.com>, rodc@fc.hp.com (Rod Cerkoney) writes:

|> the account balance appears at the bottom of the window. In MYM you must go
|> to a 'Transaction Register' find the item of interest double click it, the
|> you are presented with another window in which you can make your change. If
|> you need to make multiple edit you go back and forth between windows to make
|> each edit. This seems clumsy to me. In Quicken you stay in one window and

	This is true.  On the other hand, the only time I really needed to edit previous
transactions was with my car payments.  When I wrote the check I had some amount allocated
to principle and some to interest.  When I got my statement I would go back and change the
amounts to  match the statement.  That (and the occasional mistake) are the only times I
needed to modify transactions.

|> 	Comment on data entry: Quicken & MYM both allow 'splitting'
|> allocations entering data. [Example: $X dollars to Mortgage Principle Y$ to
|> Mortgage interest.] In Quicken's 'split window' As I enter allocation amount
|> the balance to remaining to be allocated is displayed at the bottom of the
|> window in a blank line. In MYM no 'balance to allocate' is displayed but when
|> I press the button to record the transaction and a balance of greater than
|> $0.00 dollars exist a warning panel appears. I must the decide how to deal
|> with the warning and the unallocated balance, dismiss the panel to get back
|> to the split entry screen and make my corrections/edits. You guessed it

	MYM  does not display the "balance to allocate".  Instead it automatically fills in
the remaining amount when you select the next budget category.  If you didn't want the
entire amount to go to the second category, type over it with the amount you wanted to
allocate, select a third category, and the remaining amount is filled in for you.  Works
fine for me.

One of the big pluses of MYM  (I don't know whether Quicken has this, and no one has
mentioned it) is the "Recurring Transactions" window.  You can set up any number of recurring
transactions.  All you do is click on that transaction, change the amount ( if needed),
and hit the record button.  MYM fills in the payee and all the rest.  When you set up
recurring transactions, you tell MYM the frequency; it keeps track of the last time
you entered that transaction, and flags it with an asterisk when it is past due.  This is
invaluable when the electric bill has gotten lost in the pile of mail and you have forgotten
all about it. (Ask me how I know :-).

Scott
wilde@hri.com
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Path: arc1-ca.pugleaf.net!sparky!uunet!noc.near.net!hri.com!wilde
From: wilde@hri.com (Scott Wilde)
Newsgroups: comp.sys.mac.apps
Subject: Re: Quicken vs Managing Your Money
Message-ID: <7609@bigbird.hri.com.hri.com>
Date: 12 Jan 93 19:50:38 GMT
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