Despite not being developed for over 15 years, Microsoft Money 2005 still works perfectly in Windows 10 (and as far as I can see, also Windows 11) but you will need to download and install the last-available versions. This post explains how.
I’ve been using Microsoft Money to manage my personal finances (such as they are) since about 1996. Today I upgraded to the last version that was produced for the UK by Microsoft: Microsoft Money 2005 (version 188.8.131.525); in contrast the US edition went on until version 17.
I used the 16-bit Microsoft Money version 3.0 for Windows 3.1 for about seven years, until I upgraded to Windows XP in 2003. I then moved to Money 2004 and had all but given up hope that I could obtain the last localised UK edition (2005) until I discovered this afternoon that Microsoft now make it available to download for free (see below for links).
Import RBS transactions
I’m a Royal Bank of Scotland (RBS) customer and they still make all my statements available for download in Microsoft Money format (.ofx) which I can then import and track, which is really helpful.
Bills and deposits
I’ve set up in Money all my regular bills and deposits (e.g. mortgage payment, direct debits, salary) and so I can see what bills are still to go out, and when I’m next due to be paid. It really keeps me on top of all our accounts; we currently have about 11 accounts including credit cards and the boys’ Rainbow Savings accounts.
One of the most useful functions I find is the ability to categorise payments and deposits which is great for setting a budget, and tracking just exactly where our money has gone.
This month, for example, I can see that we’ve spent £242.34 on food, £253.76 on fuel (!!) and withdrawn a total of £150 from cash machines (including supermarket cashback facilities).
I found the reports a little buggy in Money 2004, in 2005 they are much improved.
The upgrade I found painless. I backed-up my Money 2004 (.mny) file, uninstalled Money 2004 and installed Money 2005 its the default location. On the first run I opened my existing Money file which 2005 ably and promptly upgraded and I was good to go.
Windows 10 and Windows 11
In my experience, Microsoft Money 2005 works with both Windows 10 Home and Pro. I have experienced absolutely no problems whatsoever.
In my limited experience so far, Microsoft Money 2005 also works with Windows 11.
Build 10240 (July 2015) workaround
In 2015, some users posted saying that Microsoft Money 2005 didn’t work with Windows 10 build 10240 (July 2015). It threw an error saying that “Money required Internet Explorer 6 to function properly. Please reinstall Internet Explorer 6 so these components can be added”.
The workaround for getting Microsoft Money 2005 to work with Windows 10 build 10240 can be found here:
- Microsoft Money not working in build 10240, or here
- Windows 10 TPV Builds 10240-10049 Crashes Microsoft Money
It involves a registry change.
Since Microsoft halted development, I have been tempted to move to another application. But to be honest, Microsoft Money 2005 does what I need from a personal finance application, and I can’t really justify the expense or hassle of moving to another, unfamiliar application.
Restore Microsoft Money online quotes
Dan Gaier is a former Microsoft Money developer who has written a tool—MSMoneyQuotes—that will update your quotes:
MSMoneyQuotes can open your Money file (including password protected ones), obtain the list of securities in your portfolio, make calls to MSN Money’s new quote services to fetch data for these securities, and update your Money file.
It follows nearly the same logic as the original Money code in terms of updating this information, and includes data such as last, change, open, high, low, 52 week high, 52 week low, PE, market cap and volume. It also handles pounds to pence price conversions for you UK users.
It can be run throughout the day, knows when to add vs. update an existing price entry, and can be run while you have Money open or closed.
The Microsoft (MS) Money FAQ, Help and Information website is a wonderful resource.
I’m happy with Microsoft Money, I’ve been using for years, I’m familiar with it, I trust it and it really keeps me on top of my finances.
You can download the localised UK, US and international versions here.
Or Microsoft Money 2005 (QFE2) UK from Money MVPS
For anyone who really needs the Microsoft Money 2004 UK edition (105 MB).
Australia, New Zealand, Hong Kong, etc.
Microsoft Money 2005 International – QFE2 (Australia, New Zealand, Hong Kong, etc.)
Money in Excel (USA only)
Microsoft have now started to offer their own alternative to Money 2005, Money in Excel.
This template is currently available only for Microsoft 365 Family and Personal subscribers in the United States of America, apparently with plans to roll it out more globally later.