Microsoft, like many companies right now, is looking to trim its sails a bit. The company just announced that after 19 years it is pulling the plug on Microsoft Money. They will stop selling it after June 30 2009, and will stop supporting it in another year or two.

We recommend anyone using Microsoft Money begin transitioning to another product such as Quicken right away. Quicken, from Intuit, has been in business 25 years and is the current category leader in the space of personal financial management software. There are tools for converting your data, but they are currently limited.

According to USA Today, Microsoft and Intuit are working on a better transfer solution by fall of this year.