Microsoft Money 2007 Premium [OLD VERSION] | ![Microsoft Money 2007 Premium [OLD VERSION]](http://ecx.images-amazon.com/images/I/51PB6VPCCHL._SL500_.jpg)
| From: Microsoft Software
List Price: $79.99
Buy New: $38.88
You Save: $41.11 (51%)
New (2) Used (4) from $25.00
Rating:  38 reviews
Sales Rank: 2749
Format: Cd
Platform: Windows Xp
Media: CD-ROM
Operating System: Windows XP
Shipping Weight (lbs): 0.6
Dimensions (in): 9.6 x 7.9 x 1.9
MPN: S66-00026
Model: S66-00023
UPC: 882224188043
EAN: 0882224188043
ASIN: B000GDAY98
Availability: Usually ships in 1-2 business days
Condition: BRAND NEW UNUSED UNREGISTERED SOFTWARE IN OPENED BOX WITH COMPLETE CONTENTS. FREE TRACKING BY USPS DELIVERY CONFIRMATION!
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| Features:
| • | One year of financial services from companies like Experian, GainsKeeper, and H&R Block | | • | Savings & Spending Budget helps you plan for retirement, savings, and debt repayment | | • | Money's Spending Tracker automatically categories your transactions and compares them to your budget | | • | Manage your bills using multiple online accounts, even schedule the payment of bills in advance | | • | See all of your accounts--checking, savings, investments, and credit--in one place |
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Product Description
Microsoft Money 2007 Premium consolidates your banking, credit and investment accounts in one place and provides the tools you need to plan and achieve your short- and long-term financial goals. Includes everything in Money 2007 Deluxe PLUS a suite of tools that help you plan and achieve long term financial goals, optimize investments, and make tax smart investment decisions.
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| Customer Reviews: Read 33 more reviews...
 How to enjoy Microsoft Money October 3, 2006
David Arnstein (California)
167 out of 176 found this review helpful
Here is my review of Microsoft Money 2006 Premium, that is, last year's model. Honestly, after I installed Money 2007, I simply could not find any differences from Money 2006. Whatever improvements Microsoft put in, I don't use.
Here is what you must do to have a good experience with this product:
1. Never use Microsoft Passport.
Passport is a universal password that can be used to sign on to multiple bank accounts, brokerages, merchants, and God knows what else. It is a security disaster. Avoid it!
Your installation of Microsoft Money will be a bit awkward if you want to avoid Passport. Some users believe that Money won't install unless you get a Passport. This is false, at least for Money 2006 and earlier versions. You just have to be careful (and resolute!) while you install. See also item 6. below.
2. Never store your financial data online with Microsoft
MS Money allows you to keep all your financial data stored on Microsoft's computers, as well as on your home computer. This allows you to access your MS Money data when you are away from your computer. For the unlucky user, it leads to virtually insoluble computer nightmares. Apparently, the local and remote copies of your data can get out of sync. It becomes difficult or impossible to overcome data corruption on Microsoft's computers. You fix up your local data, and it gets scrambled again when you connect to Microsoft's computers.
If you observe 1. above, you will not have to worry about 2.
3. Never use Yodlee to download account information from financial institutions
Yodlee (spit) is a company/method for downloading your account information from banks, credit card issuers, brokerages, etc. The way it works is that it impersonates a web browser and surfs your bank's (or brokerage's or ...) web site in order to suck in your account details.
The problem is that your bank's web site is designed for browsing by humans, not software. Small design changes to your bank's web site can cause Yodlee to scramble the data. Frustrating for you.
Many (but not all) financial institutions will download your account transactions directly into MS Money without the use of Yodlee. Yodlee gives you access to a larger collection of financial institutions. But it is not worth it.
If you observe 1. above, then you will not have to worry about Yodlee.
4. Keep several backup Money files
Microsoft Money stores all of your financial data in a single disk file on your computer. This is convenient for you. Money also allows you to store several backup copies of this disk file. I suggest that you configure Money to store 4 (depending on how paranoid you are) backup copies. What this means (for example) is that if you work with Money one time on each of Monday, Tuesday, Wednesday, Thursday, and Friday, then you will get a total of 5 copies of the file that holds your financial data. The oldest (backup) copy will reflect the state of your MS Money data from Monday. The newest (not a backup) will reflect the state of your MS Money data from Friday.
Why do this? Because like all Microsoft products, Money will occasionally scramble up your data. If you are not able to unscramble (there is a "repair" feature that you can try) then your only hope is to revert to an older copy of your data, and kiss your most recent updates goodbye.
You might not discover the corruption right away. That's why I suggest keeping multiple backups.
5. Back up your computer disk
This suggestion is not specific to Microsoft Money. But I feel obliged to mention this anyway. The more you use MS Money, the more you have to lose if your computer malfunctions. You can lose disk data due to a worn out disk drive, or an electronic failure in the computer itself. Your computer can suffer from fire, flooding, or theft. Your data can disappear from simple mistakes by users, or by the children of users!
So you have to back up your disk data. Most home computer users don't bother. But this bears repeating: the more you use an accounting program like Microsoft Money, the more you need to back up. Get to it!
6. Purchase the normal, CD-ROM version of Money, rather than the downloaded (electronic only) version.
WARNING: unconfirmed by my personal experience. Amazon.com sells this software product in a box containing a CD-ROM and some sketchy paper documentation. You can also download the software directly from Microsoft. But I have been told that the direct purchase from Microsoft requires the use of Passport. As I state in 1. above, I believe that Passport is a bad idea. So it is probably wise to purchase the physical, CD-ROM version from Amazon.com.
7. Find a community of knowledgable users
Like all mass market software, the technical support available for this product is useless. You should find a discussion forum for users of Microsoft Money. This is where you will go for help with problems that you cannot solve by yourself. I suggest that you read through the forum posts even when you don't have a Money problem. Look for major problems that might affect you. Forewarned, you might be able to avoid such problems.
Personally, I use the usenet news group microsoft.public.money. It can be found through microsoft.com or groups.google.com. Generally speaking, the intelligence level in this ng is solidly mediocre. That's in the nature of the Microsoft user community. If you find a better forum, please write an Amazon.com "review" of your own and share it.
Good luck with Microsoft Money!
 Great overall product September 19, 2006
Michael Kampff (Garden Grove, CA United States)
31 out of 39 found this review helpful
Money 2007 is a great overall personal finance product. I've been using it exclusively for many years and am very satisfied with my choice (over Quicken).
Some key points:
- If you have a previous version and are experiencing slow performance, this version is much improved.
- The Lifetime Planner is a great tool. I have used it to lay out my long term plan, which helps me make better decisions in the short term. In my research, I've read that the Money feature is much more robust and valuable than the Quicken version. I'd recommend researching this feature on a product description page (Amazon or Microsoft) for more info.
- Budgeting and reporting tools are solid. Not much left to want here.
Overall a great product. The performance increase was worth the upgrade and the Lifetime Planner feature is the deal-breaker for me personally in terms of choosing between this product and Quicken.
 Loyal Money users beware January 28, 2007
crazybrojohn (Chicago, IL USA)
28 out of 30 found this review helpful
I'll confess, I must be an idiot. I've been paying my $$$ to Microsoft for new versions of Money every year for a long time. I had skipped a couple of versions in the late 1990's and had no end of troubles with a subsequent upgrade. (Turns out you had to take your Money file through each year's format changes one by one, otherwise the new version would mishandle the conversion of a file from an older one.)
So I've been buying the Money "upgrade" each year and dealing with the cost and the handful of new bugs and misfeatures introduced with each version. One thing that made it less painful was that they included some "free" benefits with the package. One of these was the Experian credit report/credit monitoring feature, which allowed the Money "Credit Center" to update your credit score with one mouse click any time you wanted. For a while a few years back, Experian was actually providing (apparently unintentionally) a new, full credit report each month. Then they "corrected" that to only provide one report each year, but you still got 12 months of monitoring interfaced to the Money Credit Center and with e-mail alerts if changes got posted. Quite useful, and it made the purchase of a new version of Money more tolerable.
I bought Money 2007 Premium last summer, installed it in September, and have been using it since, including getting credit score updates. The latter stopped working a couple of weeks ago, and Microsoft Support informs me that the Experian service is only supposed to be available to first-time Money purchasers, i.e. you get one year free and that's it. Of course *nowhere* in their advertising does it say that.
So, if like me you've been a loyal idiot and paying Microsoft your hard-earned $$$ annually for new versions of Money, be aware that the Experian credit monitoring service will no longer be available to you. (I don't know if the other advertised bundled services are likewise limited to first-time Money purchasers.)
Overall, each new release of Money rearranges familiar features so you can no longer find them easily, makes unwanted options the default setting (and may require editing the Windows registry to undo those defaults), and contains bugs that Microsoft never fixes (e.g. Money 2007 mishandles entering loan payments from the Bills Summary -- you have to "Go to calendar" and enter recurring loan payments from there in order for it to work correctly.) Considering all this, the only real reason to spend your $$$ on this Money upgrade (or any other) is that old bugaboo that the data format changes each year, so if you think you might want to eventually buy an upgrade in, say, 2012, you'll need each intervening version in order to convert your data. But to do that you don't need to pay premium $$$ for the expensive version -- get the cheapest one that'll do the data conversion.
And if you're not a Money user already, there's absolutely no reason I can think of to buy this software and lock yourself into this product line.
 Don't use it for investments August 27, 2006
RPW (Las Vegas, NV)
21 out of 28 found this review helpful
I only wanted MS Money 2007 Premium because I need Schedule D reports (gains/losses on investments). I didn't need anything else.
I don't care about balancing my bank account with it, paying bills with it or seeing where my money is going.
Well with MS this service is thru a third-party and this contract is only good for 1 year!
The investments side is really the only difference between the Deluxe of the Premium and that service is handled by a third-party!?!
MS is really getting lazy.
I've talked with Intuit about Quicken Premium and they have ensured me that "this" service does not have a time bomb attached to it.
So bye-bye MS and hello Quicken.
P.S. I will be selling my version of MS Money Premium 2007 here on Amazon if anyone wants it.
 Get Quicken 2007 before it's too late August 18, 2006
David Bielenberg (Tempe, AZ)
20 out of 33 found this review helpful
After struggling with Microsoft Money for years, and having to completley start over a couple of times because Microsoft Money failed to download any more data, I've officially switched. I was hesitent after reading the reviews from both programs, but I took a gamble and won. I don't know how Quicken was before their 2007 version, but I tried the free trial of Microsoft Money 2007 before trying Quicken and I encountered many of the usual problems..
Since using Quicken, everything has been VERY simple and easy to use...
Goodbye Microsoft, you will not be missed.
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