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Microsoft Money 2006 Premium

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 Location:  Home » Software » Money Management » Microsoft Money 2006 PremiumSeptember 5, 2008  
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Microsoft Money 2006 Premium
Microsoft Money 2006 Premium

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From: Microsoft Software
Category: Software

List Price: $79.99
Buy New: $34.49
You Save: $45.50 (57%)



New (2) Used (3) from $11.92

Avg. Customer Rating: 2.0 out of 5 stars 44 reviews
Sales Rank: 1995

Format: Cd-rom
Platforms: Windows Me, Windows Xp, Windows 2000
Media: CD-ROM
Edition: Premium
Autographed: No
Memorabilia: No
Batteries Included: No
Shipping Weight (lbs): 0.4
Dimensions (in): 7.7 x 5.4 x 1.4

MPN: S66-00016
Model: S66-00016
UPC: 882224019149
EAN: 0882224019149
ASIN: B0009KLGOK

Release Date: July 5, 2005
Availability: Usually ships in 1-2 business days

Customer Reviews:
Showing reviews 26-30 of 44
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2 out of 5 stars Less stable than Money 2004   December 15, 2005
 11 out of 12 found this review helpful

Money 2004 never crashed on me, but I find 2006 does so quite often.

I'm a little frustrated with not being able to view changes to the budget in the current month.

From the help manual:
"If your budget doesn't look balanced the first month, wait until next month to see if the problem goes away on its own."

Money 2006 hasn't got any simplier. In their attempt to simplify you now have 'basic' and 'advanced' modes to everything. This makes it more confusing and harder to find features.



1 out of 5 stars Money 2006 makes it HARDER to manage your finances   December 14, 2005
 25 out of 27 found this review helpful

The one part of Money that works well is that it is an excellent vehicle to deliver advertisements to you. It's like paying for cable television and seeing only commercials 80% of the time. Most of the menu items in Money are cleverly disguised links to commercial web sites.

Online transaction downloads are atrocious. If you can get it to work (and it probably does work with some minority of banks), it completely garbles your finances at a fundamental level.

Here's an example. I have a checking account, a savings account and a credit card account with the same bank. After hours of effort, I was able to download all of my transactions into Money. After all of that, I wanted to see the valuable insights into my financial situation that I expected to get through the reports. When I looked at my tax situation, it warned me that I would owe thousands of dollars over my usual withholding. I finally figured out that it was treating every credit card payment, transfer to savings and transfer back from savings to checking as new income. So if I make $1,000 in a month and pay $200 to my credit card and put $100 in savings, then move $500 out of savings to pay for new tires, Money says I've made $1,800 in income.

The only way to fix this is supposedly to change the transaction type for all these transfers to "Transfer". Makes sense, right? So, I went back and changed the classification on all these transactions, then I looked at my bank balance, and Money's calculated balance was many thousands of dollars different from my actual balance. It turns out that when you change a transaction type to "transfer" Money automatically creates a corresponding transaction in the destination account. Since that account also has downloaded transactions, every one of them resulted in duplicates. As far as I know, there is no way to sort this out without some kind of black magic recommended by tech support.

Finally, if you must install Money 2006, don't waste your money on the Premium version. The only difference between Deluxe and Premium is some bundled coupons to some online services that may or may not be valuable, but which can be acquired for free through other channels.



1 out of 5 stars Microsoft Money 2006 Premium Sucks!!!   December 7, 2005
 14 out of 16 found this review helpful

I thought this software would be a great way to track my day-to-day expenses but how wrong was I!! I have spent several hours trying to sync my online bank information with Money and I am getting so many error messages! This is one of the worst programs that Microsoft has updated! I wish that I would've tested the trial version first before I purchased it. I consider myself to be very computer savvy but it must take a genius to figure out this program! It is not user friendly at all and it is so disappointing! I wish that I could get my money back! Take it from me, test it before you buy it or you'll hate it as much as I do!


1 out of 5 stars Yuck!   December 6, 2005
 15 out of 17 found this review helpful

Decided to try the free trial from Microsoft Money 2006 Premium. If your looking to change or upgrade, I highly recommend the free trial before you buy anything.

I use this software exclusively for tracking my stocks and options transactions.

I've spent about 3 days trying to get my Money 2006 setup and working correctly. It still doesn't work right. The program fails to correctly handle most of the options transactions downloaded during the account setup. It outright fails to recognize any option transactions that expired.

Reporting is terrible. The user interface is awful, you can't navigate your way through the application easily. You can't go back to your portfolio from reports without going back to the first menu and drilling back down to the individual account.

I really dislike that the program wants your Passport signon and password everytime you log into the application.

It also refuses to let you setup up a manual account that isn't tied to a bank or brokerage company. So your basically forced to deal with the automated links/downloads whether you want to or not.



1 out of 5 stars Automated in a way you don't want?   November 28, 2005
 9 out of 13 found this review helpful

On line banking? Automatically download your information from bank?

Cool! Until you realize hundreds of transactions in some bank account are counted twice while syncronizing with your bank. Try to fix it by deleing one of them? Be careful not to break the link automatically created in the background. Your number may be messed up and it could be difficult to find which transaction the deletion could have altered.

I thought it would be at least worth the money I paid if I use it manually without using on-line feature... only to find it is very inconvenient even just to create a checking account. Things are so much directed to on-line automation even if you do not want to.

Microsoft products are great, except they try to automate too much assuming "they know what you want to do". It is just like that annoying help annimation figure in MS Office, which acts like a person who understands your need, and dumps out entirely unrelated nonsenses as you describe your specific need. So idealistic!

Even if 80% of customer typically need certain things in a certain situation, why not leave a choice to customer to choose different option old way they are used to for the rest of 20%, rather than directing everything to a new "fancy" direction ?

There are so many other small frustrating features that I find in MS Money (and also Quicken too) that would be hard to describe all here. I am going to use just plain spreadsheet to do my bookkeeping. For whatever reason, I cannot even export the numbers I have in the MS Money (and Quicken too) to spreadsheet or even to text file.


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