I was told by one of my friends...And I am glad I've started using this software. I paid $40 for MS Money, and it works great. It saves me so much time in tracking my finances, setting my budget, watching my spending, and planning for the future.

Now, I do concede that it takes a while to set up and learn. But once you have established a setup for connecting to your banks (electronically) everything is just a piece of cake. I track both my 2 checking accounts, 2 savings accounts, 2 credit cards, and all my fiance's accounts.

Since we charge most our purchases on CC (no cash). It automatically knows the payee, and it will (95% of the time) put it under one of the many categories. The other 5% of the time you may have to specify the spending category.

It is also great for setting and tracking your budget, since everything is already broken up into categories. So I strongly recommend that anyone who is serious about tracking their finances get either Quicken or MS Money. You won't regret it.