Unfortunately, facing competition from free online money management tools such as Wesabe and Mint, Microsoft has decided to shutter the Money product line.While a current copy of Money Plus can be used indefinitely, online updates will expire two years after initial activation or Jan. Microsoft Money’s online updates allows users to (1) download transaction data from credit cards, bank accounts and brokerage accounts and (2) download stock prices, currency exchange rates.The writing was on the wall since last fall Microsoft announced they were going to stop selling Money in retail stores and offering annual updates.
Fortunately, I own just around 10 securities and updating security prices manually once every month or so would be tedious but not too onerous.
All purchased Money Plus products must be activated prior to Jan. With banks, brokerage firms and Web sites now providing a range of options for managing personal finances, the consumer need for Microsoft Money Plus has changed.
After suspending annual updates of Money Plus in 2008, Microsoft is announcing today that we will no longer offer Microsoft Money Plus for purchase after June 30, 2009.
-- there may come a time when it simply doesn't work any more (Windows 8? I'm specifically interested in personal finance desktop software.
That is, I'm loathe to trust my personal financial information to an online service. I've been budgeting with MS Money since 2004 and was pretty disappointed to hear it's being discontinued.