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Quicken

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8 User Reviews
LAST UPDATED: June 23rd, 2021

Quicken is one of the most recognized names in the personal finance industry. 

This juggernaut of a company has been around since the 1980s but is still one of the most popular choices for financing software. 

Today, Quicken has expanded its lineup to include Quicken on the Web and the Quicken Mobile App for iOS and Android so customers can manage their finances anytime, anywhere, on any device.

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The Good

  • Manage Your Finances in One Place
  • 30-Day Money-Back Guarantee
  • Debt-Reduction Tool
  • Synchronize with Your Bank Information
  • Mobile Alerts

Manage Your Finances in One Place

Being able to access financial data on one platform easily is a huge must for a financing software. 

We appreciate Quicken’s robust software that simplifies the entire process of viewing, managing, and tracking your finances. However, keep in mind that the tiered package you choose will determine how deeply you can dive into your finances. 

For example, with the Starter package, you can view balances, budgets, accounts and transactions, see your spending trends, search transaction history, and overall keep your finances up-to-date.

However, if you have the Deluxe package, you’ll have access to Quicken’s planning tools. The Deluxe package includes a feature that allows you to see how to pay off loans faster and save more money by tracking principal and interest payments. 

But, if you choose the Premier package, you’ll gain access to the Investing tab. Here you can see how your investments perform for more informed buy/sell decisions, make tax time easier by tracking your deductions and creating reports, guarantee maximum tax benefits with prepared statements at tax time, and track cost basis and estimate capital gains. Plus, this option comes with free online bill pay and priority customer support. 

30-Day Money-Back Guarantee

Quicken offers a 30-day money-back satisfaction guarantee. This guarantee ensures that you can return Quicken or get a refund for the Premium Support subscription for any reason within 30 days and receive a full refund of the purchase price (minus any shipping and handling fees).  

Debt-Reduction Tool

Quicken includes a Debt Reduction calculator. This feature is handy as it allows you to look at the big picture and develop a plan for reducing your debt. This process only has three steps and isn’t too difficult to figure out. 

All you need to do is identify your debts (this is done by Quicken searching your data for loan and credit card accounts with outstanding balances). 

Once this is done, you’ll need to check and make sure all relevant information is there (things such as your Interest Rate (APR) and Minimum Payment, etc.). 

The last step is determining how much you want to pay on your debt each month. Quicken needs to know the cumulative amount you wish to pay — not the individual payment amount of each of your debts. Based on the total amount you want to spend, Quicken will create an optimized payment schedule to reduce interest costs and pay off your debt as quickly as possible. All amounts are rounded up to the nearest dollar.

You can even adjust a slider to see the effect of various monthly payment amounts on your debt. Or you can simply type in a new payment amount. 

Synchronize with Your Bank Information

Another feature that comes in handy is Quicken’s ability to sync with your bank and investment accounts. This feature automatically pulls your account balances, transactions, and even your investment performance. 

If you want to see Quicken’s list of supported financial institutions, there is a link you can click on the website. 

However, if you are concerned about Quicken’s ability to sync with your bank, it isn’t required. Bank synching is entirely optional. You can either manually enter all your transactions or download a CSV file and upload those; the choice is yours. 

Mobile Alerts

Quicken’s mobile app is not as comprehensive as its computer software, but for those who want to occasionally check-in on their finances while they’re away from home, it’s a pretty good solution.

The app allows you to access your data while you’re away from home. You can easily enter transactions, take pictures and store the receipts, view your account balances, see your spending trends, and more.

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The Bad

  • Fairly Expensive

Fairly Expensive

Whether you get the Starter, Deluxe, Premier, or Home & Business package will determine your final price. The tiered pricing is based on the features you use, as well as which product you choose. 

Like the majority of personal finance software applications, Quicken has transferred to a subscription model. Instead of purchasing the software once and only upgrading when you feel like it, you pay an annual subscription and automatically receive any software upgrades. 

  • Quicken for PC — Pricing is anywhere from $35.99 to $103.99
  • Quicken for Mac — Pricing may be anywhere from $35.99 to $77.99

Unfortunately, there is no Home & Business tier for Mac users. 

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The Bottom Line

We can see why Quicken is the go-to choice for those trying to get a better hold on their finances and other finance enthusiasts. The company offers a variety of useful features and tools that make managing your everyday finances a breeze. We think consumers will find the Debt Reduction tool and mobile app to be extremely helpful. But no matter where you are in your financial journey, there is something for everyone. 

Unfortunately, Quicken is not the cheapest option. Several other financial software companies offer similar services that are less expensive and sometimes even free. However, it really boils down to what you want. If you’re looking to crack down on your finances and want all the nitty-gritty details, Quicken is an excellent choice. But if you’re simply looking for something more basic, there are cheaper options available.

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Star Rating

3.3

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8 Reviews

Review Breakdown

5 grade

13%

4 grade

38%

3 grade

25%

2 grade

13%

1 grade

13%

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Dave Spokane, WA

I've been using Quicken for over 20 years, primarily to track income, expenses, and account balances. Online updating is a breeze. Reports are fantastic, and I frequently use the quick answer reports like "How much have I spent this year on eating out?" I use the tax report every year when preparing my tax return. In the past I've used features like investment tracking and debt tracking. And it has so much more capabilities than I even use.

2 months ago

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Jason Burt Riverton, UT

Our family uses QuickBooks Online (QBO) for managing our finances. It is a very straightforward and easy to use application. The only negative I could comment on is that this costs more than what other similar online finance tools cost (Mint for example is free and does almost the same things).

7 months ago

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Jackie Spokane, WA

We have used Quicken for years to track expenses - very helpful to manage multiple accounts and to find expenditures.

2 months ago

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James Larson Pleasant Grove, UT

We have used Quicken to help with our finances, not only with our business, but also our personal budgeting. They seem more catered towards the business end, but with a little tweaking, it also works well if you want to use it for your own stuff.

3 years ago

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Blake Olson Gilbert, AZ

I have been a Quicken user for over 20 years. It used to be a very good product and second to none. In the past few years it has become very problematic connecting to my bank. It works for awhile and then just stops for no reason. Then you have to remove and re-add the account which gets very frustrating. I have a couple of accounts that won't work no matter what I do. Their customer service is pretty much no help either. Problem is there is no competition so I limp along with it.

3 years ago

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Trent Allen Queen Creek, AZ

Super easy to use. Amazing what it can do to manage your personal finance. Everything you will ever need to stay focused on your financial goals. The reports have been most helpful to us.

3 years ago

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John Burnside Colorado Springs, CO

Quicken used to be all I used but they got greedy and want a yearly subscription or else they freeze your software because it's obsolete. Have become very difficult to work with and customer service is terrible. I gave up after 14 years of using their software to manage my business and now use a free online service.

2 years ago

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Christopher Milke Olney, MD

Used for check register function and general expense tracking for years. Good software with great reporting capabilities.

3 months ago

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