If you’re going to be doing this *regularly*, think about putting the data on a thumb drive. If you have the same version of quicken you can just work off the drive. (or a network drive if both your pc’s are at home) But make backups onto the hard disk because thumb drives have a high failure rate.
I have a question for you. I am currently running Quicken 2015 Deluxe. Do you know if you have it on two computers can you back it up and then on the other computer restore from back up to be able to work on it at the other computer? I would like to work on it on two computers to get everything up to date. There are balances that are not updated due to neglect of entering information.
Financial Peace, and Financial Peace revisited, the family connections. Money management isn’t just numbers. It’s also about attitudes and feelings. If you ignore that part of the equation, you could doom yourself to failure.
It’s much like dieters being asked to keep a food journal that asks how they FEEL when they eat. Are they eating when they are bored?
Stressed? Lonely? If a diet ignores these factors, and just says, eat less, move more, without addressing the other factors, it’s a duct tape fix at best.
$30 cost includes free lifetime upgrades they have a “lite” version that is free, so you can try the product for free (limited to one account).
Simple to use and not bloated.
Lets you track Credit cards, bank accounts, investments, has reports and budgeting functionality.
I only have one gripe: I’m a programmer, and I would like to be able to access the data myself so I could write my own customized reports but I guess they don’t want to offer that option.
I keep wanting to write a piece of software myself that is specifically dedicated to helping people get out of debt. If anyone has ideas, things they want, I’d like to hear them.
My computer crashed (the old me would have gone out and charged a new one!!) HA, so alas I had to be patient!! he he he
You can create and manage a budget on Quicken. It can get complicated, but once you figure it out and get all the categories to line up with Dave Ramsey’s work works nicely. If you have Quicken it is under the “planning” menu and then click on budget. It is tricky to set up, but I like having everything integrated.
I use quicken as a tracking “during” the month. For instance I have all the monthly cash flow categories entered in there so all I have to do is enter it in, I can split my receipts (ie Wal Mart has grocery and home repair) it helps us to REALLY see where our money is going.
Hope that helps!! Good Luck!
but use this package to manage my budget, checking acct, emergency fund acct, and savings acct for non-regular spending (car repair, Christmas, clothes, etc). What I like best is the graphical layout/interface of the application. It puts your money in “envelopes” and lets you group them however you like. You can always pull a history on each envelope to tell you where your money is going. It also lets you run reports to see various information. You can track credit cards & loans in the software but I prefer to keep my debt snowball tracking in Excel.
I’ve used both Money and Quicken in the past. Like them both but never seem to keep the updates going more than a month or two. Still have to enter transactions here. However, the layout seems to give me a better picture of my money which has somehow motivated me to keep up with it.
that fewer and fewer of my financial institutions make their data available in the form that Quicken recognizes. For me, the advantage to Quicken was that I could download recent transactions straight into the program. It was a lot faster to go through and reconcile that way than it is if I have to manually enter all the transactions.
I have my own business and Quicken does make it easy come tax time to track expenses for tax purposes, but I’m looking into switching to a different program that will recognize the form in which my bank offers the information for download.
Since I did my own taxes for the first time this year, and chose TaxCut, I’d like the program to be compatible with that program as well.
but I actually prefer to use a spreadsheet. That’s my preference. We own a computer networking and service business. I can tell you that most people put 1 month of information in their Quicken, or MS Money, and never use it again. 🙂 I do have ONE friend who actually uses her financial software, she prints checks with it, and such. This was her husband’s idea. She doesn’t seem too fond of the software herself.
Frankly, I haven’t even checked to see what functions are in Quicken for quite a few years.
It can’t do the work for you, but it can help you keep track of things, IF you will use it. You know the way that Dave insists that you keep your checkbook balanced? This is the same idea. It is only as accurate as the data that goes into it.
I knew I needed the filing cabinet sorted first to file incoming paperwork and the stuff I have on hand that is current stuff. As I clear the papers/mail I will have more room to work on the other projects I need to do to get my space organized. That is why I started there. I think either method, yours or mine, works depending on the situation.