Try thing out for yourself.
Download from https://infinitekind.com/download-moneydance-personal-finance-software
Downloaded version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports. If you decided to purchase you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at https://infinitekind.com/refunds
For the future Moneydance never sunsets the version it releases. However older versions are not updated. Some users on this site are still using the 2011 version. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2015 to 2017) and from then on you get a 50% discount. All upgrades within a version are free. Moneydance does not always release a major version upgrade each year. None in 2016 and so far, none in 2018 although I understand a new beta version will be available for testing perhaps at the end of the summer but with no planned release date yet.
Moneydance has two methods of backup manual and automatic.
Auto backup makes a backup every time you close Moneydance. Moneydance only keep the last auto backup of the day, overwriting any previous auto backups for that day. You can set the number of backups to be kept. When this number is exceeded the oldest backup is deleted.
The backup default location is on your hard drive. You can change the backup location. It is good practice to set the backup location on a cloud server such as Dropbox, in case your hard drive fails. The contents of a backup file is AES256 encrypted and provided you have set a password can only be opened by Moneydance by entering your password. The password is only stored on your computer not in the cloud.