One category of software that I’ve come to rely on recently is money management software. A few years ago I was single and had to keep track of only one bank account, one credit card, one checkbook, and one person. Since I’ve gotten married, I found a definite need to keep track not only of how much money we have, but where it’s going, and when it’s leaving our bank account. I’m going to review two popular Mac money management applications and hopefully this review will help you decide which is right for you. Throughout this review if you see a picture that appears small, clicking on the picture will bring up a larger one.
For the last half of 2007, I used a product called iBank. As I came to rely on iBank more and more, I also began to notice its strengths and weaknesses. I relied on iBank so much, that I named it one of the applications I couldn’t live without in 2007. iBank was missing one feature that would make it complete (more on that later), and because of that I decided to look at another application.
Included in the MacHeist bundle was an application that initially I didn’t think much about, Cha-Ching. Cha-Ching is billed as a “fun and easy to use money manager with a slick interface”. Since I was using iBank, I didn’t really have a need for Cha-Ching. As I began to make a budget for 2008 however, I decided to give Cha-Ching a try.
Application Information
In this comparison I’m using Cha-Ching 1.2.2 and iBank 2.3.12. Pricing for Cha-Ching is $40, while iBank will set you back $50. You can download a transaction limited demo of each application from the developers websites. In addition to the current release, each developer is working on a beta version of the next version of their software.
Supported Accounts
Both Cha-Ching and iBank support checking, savings, credit card accounts. In addition to those, iBank also supports an investment account and even liability and asset accounts. Each program uses a simple add account dialog box to setup a new account. Edge: iBank