The answer to Jim’s question is “No, I don’t.”
Great. That’s out of the way.
So what was the question?
Bargaineering: Do You Use Online Personal Finance Tools?
Call me crazy. Call me “stuck in the 1990s.” Call me whatever you like. But I’m very much a guy who feels better when my personal-finance software, and the vast amounts of sensitive data therein, reside right on my hard drive.
Now, when I say “personal finance software,” what I’m talking about is stuff like Quicken. Spending, saving, and account-balance tracking software. And I know there are lots of super-cool online-based tools out there these days — heck, Quicken and Quickbooks offer online-access versions, but even here, Intuit is way late to the game. I, however, am not yet sold on the concept.
I like knowing that my household’s financial data is stored locally. “Locally,” as in, in my laptop. On my kitchen table. (And in a backup hard drive that’s also “locally” stored.)
Actually, Jim’s (the Bargaineering author) feelings on the subject very much mirror mine:
Precisely. It could be, though, that I’ll rethink this stance in the coming years. Since I don’t ever use Quicken’s “transaction download” features, and thus would never store any account-access credentials with Quicken/Mint or whomever, the only info I’d be leaving on their servers would be account-balance and spending data. And who’d give a crap about that, aside from some data-mining, consumer-research enterprise?
(Note to any data-mining, consumer-research entities who read this post: My life is boring. My spending patterns are boring. Steal my data, and you will be underwhelmed. I promise.)