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I share my investing experiences on Investment Moats and mobile productivity on this blog. One article that I wrote 2 years ago remains very popular.

It teaches readers how to create a budget plan and use it with some popular budgeting tools like Quicken and Buxfer.I highly recommend that you take a look at it.

One reader brought up his setup:

iBANK for Mac and iPhone. Downloading statements from Singapore Banks and iBank will make sense of it.

Here is his comments:

For Mac users, guys might wanna try iBank, Moneywell, Quicken for Mac to track your bank accounts.

Personally I’m on iBank. It also an app for your iPhone to track your expenses on the go. You can then sync it with the program when you’re back homoe. Haven’t tried that yet though…haha, not on an iPhone yet

My tracking involves exporting all my monthly bank statements into either OFX or CSV formats, then import them into iBank. iBanks can then “learn” frequent transactions and categories them automatically :) this is what I like haha.

Some additional notes regarding exporting bank accts/Credit card statements from local bank:

Citi accts/CC – variety of formats OFX, csv, qif, etc
DBS accts – only csv format
UOB accts/CC – csv, BUT with a .xls extension
SCB accts/CC – csv and pdf format

I believe citi has the best online platform out there so far. Formatting is consistent and most imptly the data is easily exported with inter-operability high on their minds. You can easily import their data to any financial softwares.

DBS and SCBs are not that bad, at least they standardize their export formatting (i.e. CC statements and Savings statements looks relatively the same).

UOB can really really work on thier online platform.
The exported data for Accounts and Credit Cards are formated so differently, which is a pain in the *** when you try to parse it.

Haha, so hope this helps in the audit trail too for pple on the Mac.

What do you guys think? Do you have a better setup?