Microsoft to discontinue MS Money

Microsoft plans to stop selling Microsoft Money, its venerable, but not market-leading personal finance program, CNET News has learned.

The software maker has been notifying financial institutions and plans to announce the move to customers over the next 24 hours via a posting on its Web site and a notification in the software.

Although Microsoft will stop selling the product at the end of June, it plans to support it through January 2011.

After that point, people can continue to use the product, but they will no longer be able to get automated data feeds from their banks, credit card companies and other financial service providers.

Last year, Microsoft stopped selling Money at retail stores, offering it only by Internet download. The company also said it would stop doing annual updates, but said at the time it planned to continue offering the product.

Microsoft's Adam Sohn said the company now plans to halt sales of the product at the end of the month. A variety of factors led the company to change course.

"It's a mix of what's going on in the market, what makes sense for long-term for us and a little bit on consumer behavior," said Sohn, a director in Microsoft's Online Business Services unit.