There's a lot of great financial tracking software out there now. Sites like Mint and Rudder that link up to your bank account and track your spending automatically are great, but what if you don't want to give your account information to a finance site? Texthog is a lot like old-school DIY checkbook balancing, except replacing pen and paper with SMS, email and Twitter.

You can send a transaction to Texthog through one of the aforementioned mobile methods, or just log into the site and add one later. Logging in is also good for changing dates and such if you text a transaction to Texthog after the fact. You can also tag and organize your expenses, and generate spending reports. It might be more work than letting some automated service track your account, but it's also more accurate, because you're recording expenses as you charge them, rather than when they eventually clear your account.

Last week Microsoft announced that it would be discontinuing Microsoft Money, the company's personal finance application. Download Squad readers came up with a number of great suggestions for anyone looking for a replacement. But the 800 pound gorilla in the room is Quicken. And now Intuit, the company behind Quicken are reaching out to Microsoft Money customers by offering tools to import Money data to Quicken. The company is also offering discounts of up to $50 on Quicken software.

Those coupons start at $20 off the price of Quicken Deluxe, bringing the price down to $39.99. You can also get $30 off the price of Quicken Premier or Home& Business, or $50 off the price of Rental Property Manager. Or if your finances aren't that complicated, you could just try Quicken Online for free.

The coupons are good through July 31st. Microsoft will stop selling Money at the end of June, although support will be available through January, 2011.

No, that headline doesn't mean that Microsoft isn't making money as in cash profits anymore. But Microsoft has decided to discontinue Microsoft Money, its personal finance application.

Microsoft will stop selling the application in June, although it will still be supported for another 18 months or so. After that point, you'll still be able to use the software to manage your finances, but it won't be able to get automated feeds from banks, credit cards, and other financial institutions. You'll have to download or enter that information manually.

Normally, users get 2 years of service, but if you purchase Microsoft Money this month, the product will still only be supported until January, 2011. It might be time to look at Quicken or another personal finance package. What do you use to manage your finances? Pen and paper? Mint? Let us know in the comments.

[via CNET]

Early morning Tuesday a software malfunction caused a security breach at Rudder, a web based financial management service Download Squad has covered in the past.

It seems a number of Rudder users received email intended for a ton of other users, and in some cases one user received hundreds of emails intended for other users of the service.

Soon after, Twitter went crazy with tweets and retweets about Rudder's security breach, and before you know it a mishap affecting hundreds of users was being widely commented on by thousands of people.

So how serious is it, really?

For a while now the top contender in iPhone finance apps was Bloomberg Mobile. Enter DailyFinance's iPhone app [iTunes link], featuring real-time quotes, portfolios and watchlists and some rather impressive charting tools. Mike Rose has a nice write-up over on TUAW, and the DailyFinance site has a good summary of features and a demo video. It's a free download, so try it and let us know what you think in the comments.

Editor's Note: DownloadSquad's parent company Weblogs, Inc. is a wholly owned subsidiary of AOL.

At SXSW 2008, Download Squad had the opportunity to talk to Saul and Sunir from the online-invoicing service FreshBooks, and we were really, really impressed with their customer dedication and the overall vision for the service. Today, FreshBooks has just released public industry bookmarks, making it easy for freelancers and small businesses to compare their billables with others in their field.

The benchmarks are similar to the industry data FreshBooks made available to customers before, but instead of compiling metrics from the previous 18-months (and that information is still available), snapshots for segmented industries are available on a quarterly basis to anyone who is curious.

The data is anonymous, released quarterly and primarily sourced (which prevents survey manipulation of data). Right now, FreshBooks has industry bookmarks available for web professionals, IT services, design, marketing and service providers. This is a real advantage for users who might dabble in more than one area, say both web development and design, to keep tabs on how both markets are performing.

In economically uncertain times, knowing what others are billing and having the ability to watch trends can give a small business or freelancer insight into overall market health. If I see my billables declining (and I'm not purposefully taking on fewer projects), but the overall market is remaining steady, I know I need to start evaluating my business practices.

Even if you don't use FreshBooks for invoicing -- and if you haven't tried it out, give it a shot, its interface and ease of use is top-notch -- you can still take advantage of this information. FreshBooks' co-founder made a video explaining the benchmarking data in-depth here.

FreshBooks has free accounts for users who invoice fewer than three active clients and larger packages start at $14 a month.

Trying to figure out where to tighten your belt during the financial crisis? You might want to take a look at Shoeboxed. It's an online service that helps you keep financial records by recording receipts that you mail, email or upload. The latest big feature addition is automatic receipt sorting, which comes in handy when you need to know where your money is going.

Anything you send to Shoeboxed is now labeled with the common tax category it belongs to: food, clothes or electronics, for example. You can even add your own custom categories, but you'll have to apply those yourself. When you need to tinker with your Shoeboxed data even more, it can be exported to Excel or Quicken. If tax season always sneaks up on you, Shoeboxed could be the help you need to make sure your records are all in order.

[via CNET News]

Rudder is a personal finance management site that pushes your banking info and upcoming due bills to your email inbox. This may free you from your compulsion to log in to your online bank site. Generally, there are all kinds of tools available from banks nowadays which push account updates to you via text, email, voice mail, etc.

The nice thing about Rudder is you can add multiple accounts like your credit cards, checking/savings accounts from other banks and roll them into your Rudder account so everything is all in one place. Each morning, you get an account update of all your finances in your email.

Rudder also reminds you when your bills are due and tells you to pay them. If you heed the reminders, you might be able to stave off those $39 late fees on your credit card bills.

Each daily activity report provides you with reminders of which bills are due, an activity feed of account transactions, account balances, and then tells you what's left. The What's Left feature looks into the future and does the math based on your upcoming bills, future paydays and calculates the statement balance for your credit cards. You then get a nice picture of your what you can spend or save after your bills are factored in.

Rudder isn't Quicken or Mint.com. It doesn't have cool categorization features or fancy pie charts and it doesn't compare your spending with others in different cities. It does, however, provide a nice way to keep tabs on your personal finances all in a nice email delivered daily to your inbox.

Invotrak is a simple to use, online invoicing tool for small businesses or freelancers produced by Draconis Software. While we have covered it before some new additions make it worth another mention.

Basically this is a simple invoice app that you can use to create and track invoices and time sheets for yourself or your small business. You can use limited services for free or pay for three levels of account depending on how many invoices you plan to send.

Updates features include: the ability to upload invoices you have created yourself, add line items from time sheets to the invoice and adding reports to your invoices. You can also save your invoices as PDF or TXT files.

You can also read the Invotrak blog to get tips on using the new features and general small business tips - like how to get paid on time.

Smoking is widely considered to be one of the hardest "bad habits" to kick. Way more so than turning your underwear inside out and wearing it a second time.

If you're having trouble quitting, why not download CostOfSmoking for a massive dose of reality. It's an ugly, quickly assembled program (it looks like a packaged MS Access database) that will leave you absolutely gobsmacked. If you don't smoke and never have, this program will make you damn glad.

A quick run based on a ten-year, one-and-a-half pack a day habit at the current $12 a pack (oh, Canada!) pricing yielded the ungodly sum of $114,594. If that's not enough to convince someone that their habit is putting a serious dent in their potential savings, we don't know what is.

Try it yourself and see! We decided to run numbers on our average coffee habit - just to make sure we're in good shape - and was relieved to find out that our java vice came in at a much more reasonable $1,146.

[ Via FreewareNetwork ]

In this edition:

• Upcoming AdWords system maintenance
• Sites gets new features
• YouTube tries long-form
• YouTube introduces Screening Room
• Google Docs on ultraportables
• Google Finance adds cash tracking

Myspace, Facebook and Twitter, the concepts are pretty much the same. You follow someone with interests that intrigues you, see what their doing, what their saying and sometimes you do what they say. Now what if they told you where to spend your money, would you? Covestor thinks so.

Covestor takes the social networking formula and applies it to the stock market in a 2 part system. The first requires members with some sort of investment background (we'll call them experts) to build portfolios. The second has average users reviewing these members and if they like what they see, they follow them.

If these experts buy or sell a certain stocks, users get to see that and choose if they would like to buy or sell along side their experts. Covestor is currently working on a fully automated system as well. You'll just be able to put down a bunch of cash and the system will invest your money as your experts invest. Of course as an expert you get a percentage of the action, since people are following your advise.

So is this the next step in social networking? We already take advice on what to wear, where to go and what to eat. Why not take it a step further with having strangers tell you what to do with your money?

Are you a freelancer, a student, or someone who just really likes to bill people by the hour? You might get some use out of Project Calculator, an OS X app that helps you keep track of how much time you put into each of your projects. It lets you run a timer or enter your hours manually, and then does all the calculation you need to send someone a bill. You can output your Project Calculator in a number of formats, including PDF, HTML and plain text, so your clients will never give you the old "I couldn't open the file" excuse.

We almost balked at the $20 pricetag for Project Calculator, but after trying it out, we realized that this app can save you a lot of time for the money. Keeping a spreadsheet from scratch is ok, but having everything set up for you and organized by customer and by client is a lot easier and less fiddly. Appropriately, Project Calculator frees up some time for you to actually work on projects.

A number of web sites have been offering free stock quotes for years. But they've always been delayed by about 15 minutes or so. While 15 minutes doesn't sound like a lot, if you've dumped a lot of money into one stock and it's tanking, you want to know as soon as possible. The solution has been to sign up for subscription-based services like E*Trade.

Now it looks like you can save your money. A whole slew of companies including Google, Yahoo!, CNBC, and the Wall Street Journal have announced the availability of real-time stock quotes. For free.

Yahoo! has partnered with BATS, while a slew of other companies have partnered with NASDAQ to provide the up to the minute stock quotes.

[via paidContent]