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June 11, 2009

Microsoft Money gets the axe

Posted by David Hunter at 11:32 AM ET.

Microsoft Money Plus Box ShotMicrosoft today announced that the end has come for their Microsoft Money personal financial software:

Important notice: Microsoft Money Plus will not be available for purchase after June 30, 2009. All purchased Money Plus products must be activated prior to Jan. 31, 2011.

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.

Current Money Plus customers who have questions or concerns can find additional information here.

I suppose the announcement last August of the skipped 2009 update and the end of retail box sales should have been a warning, but I thought there might still have been a market for centralized personal financial planning software as opposed to all the disparate options mentioned in the announcement. There likely still is, but not for Microsoft, as Intuit is still forging ahead with Quicken:

Meanwhile, I also spoke with a spokesman for Intuit, who said that the company is looking at ways to make it easier for Microsoft Money users to bring their data over to that product.

"We look it as an opportunity to show Microsoft Money customers what they have been missing… over the years," Intuit spokesman Scott Gulbransen said.

Although Intuit has recently been bulking up its free online product, Gulbransen said that the company is committed to also offering PC-based software. "We are committed to those who would like to stay with a desktop software solution," he said.

Quicken would certainly be worth a try for committed Microsoft Money users, particularly if they offer easy data transfer from Money. As for Microsoft’s home software products, with the demise of big name offerings like Money and Encarta there’s not much left except Streets & Trips and the ubiquitous Microsoft Works.

Filed under Coopetition, Home Software, Intuit, Microsoft, Microsoft Money

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2 Responses to “Microsoft Money gets the axe”

  1. Sparky Says:

    This is why Microsoft is evil.

    In theory, I purchased the right to use Money in perpetuity, even though Microsoft reserved the right to stop supporting it.

    However, because it can’t be activated after January 2011, if I buy a new computer after that date, there goes my right to use Money.

    But even worse, there goes my ability to access my old data!

  2. Peter Holley Says:

    It turns out Microsoft will sell a final version that doesn’t need activation before Jan 1, 2010. At least that’s what I saw on their site. We’ll see. What they ought to do is just release a downloadable patch that removes the activation from the version we have. Either that or just never upgrade your OS again. I guess that’s what MS wants right?

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