Comments on: Quicken Online Cash Tracking

By: Chelsea

Chelsea — Tue, 17 Mar 2009 15:38:00 +0000

@Cheapchick,

Thanks so much for your commitment to Quicken. It’s great to hear things like what you’ve said above. If you do try Quicken Online let me know. It’s geared toward basic finance tasks, but as a Quicken desktop user you might like the mobile and email alerts, and the ability to log in on the Web to get a snapshot of your finances in one place.

@Matt Fyffe,

Quicken Online uses the same industry standards plus third party verification to make sure your experience is secure. This is the same standard online banks use worldwide. I’m happy to provide you with more information if you want to talk directly, and I hope you’ll give us a shot.

- Chelsea, Quicken Online

By: Jim

Jim — Tue, 17 Mar 2009 15:04:44 +0000

Yep, like all other tools, non-cash transactions pulled from other sources will be properly categorized. You may need to tweak it from time to time but the heavy lifting is done for you.

By: Matt Fyffe

Matt Fyffe — Tue, 17 Mar 2009 12:57:21 +0000

Just to clarify, non-cash transactions are added automatically to your system under the proper categories? At first I read this as if ALL transactions required your input but if it’s simply cash transactions, that’s not TERRIBLE. How often do people really use cash anyway.

By: Matt Fyffe

Matt Fyffe — Tue, 17 Mar 2009 12:56:09 +0000

I’ve held similar concerns and still do. It’s one of the driving reasons why I’ve yet to use one of these services even though I’m interested.

I don’t know, I know I need to get with the times, but I already get enough problems with my credit card companies losing my information.

By: Cheapchick

Cheapchick — Tue, 17 Mar 2009 02:46:26 +0000

We have purchased the regular quicken program to track our own investments/income/assets. I will stand by this company – excellent software. I haven’t tried the free online version but their regular product is wonderful. My hubby does all our own trading and we have about 6 different accounts. This program is seriously the only way to track everything without loosing money or loosing assets.

By: Luke

Luke — Mon, 16 Mar 2009 20:36:16 +0000

I have set up my own tracking using the spreadsheet in Google Docs, so that I can access it anywhere I have an internet connection. I’m not a spreadsheet whiz, but I’ve been able to set up a form that I complete with each purchase and it auto-populates the other sheets.

I’ll have to take a look at Quicken Online, though, for some ideas.

By: Chelsea

Chelsea — Mon, 16 Mar 2009 20:05:21 +0000

Hi everyone,

Thanks for the great comments on cash tracking with Quicken Online. @Nate, yes, Quicken Online is 100% free. Hope you’ll give us a shot. I’d love to hear your thoughts once you check it out.

- Chelsea, Quicken Online

By: Adam @ Checkbook Diaries

Adam @ Checkbook Diaries — Mon, 16 Mar 2009 19:55:47 +0000

I really like the idea of these online applications, but have some serious concerns over security when allowing a third party to store my financial institution login information. Does anyone else share this concern? What have your experiences been with these services? And lastly, if you use any of these services, do you also get monthly credit reports to make sure that your information is not being leaked.distributed?

By: Dave

Dave — Mon, 16 Mar 2009 19:13:40 +0000

That’s basically what I do with Quicken – any time I withdrawl cash from an ATM, it gets charged to the ATM expense – I can go through and track how much cash I spent in any given month by tracking the ATM expense, but I found it too tedious to track my actual cash expenses, which I did at first.

By: CK

CK — Mon, 16 Mar 2009 18:44:55 +0000

I use mint and I don’t really see their system as a hack. It works great for me. That said I rarely transact with cash.

By: Jim

Jim — Mon, 16 Mar 2009 18:33:35 +0000

Well, you have to enter in a value, so you can enter $1.50 or $2 or whatever, but at the end of the day you still need to enter in that information.

Fortunately, you don’t have to track your cash, you can just say cash and enter it as some bogus expense and be done with it. The flexibility is there and I’m surprised other places default to “ATM withdrawal” with no visibility.

By: Jim

Jim — Mon, 16 Mar 2009 18:32:19 +0000

Yep, it’s free.

By: Dave

Dave — Mon, 16 Mar 2009 18:26:41 +0000

I find this interesting – the desktop version of Quicken has something similar, if you are willing to track your expenses to that level of detail. I found that it was WAY too much effort to track exactly what I was spending cash on (Do I really need to enter in $1.50 for a coffee?). Maybe they improved or simplified the tracking on the online version??

By: Nate @ Debt-free Scholar

Nate @ Debt-free Scholar — Mon, 16 Mar 2009 17:34:15 +0000

I Quicken Online free? If it is I plan to sign up for it.

Thanks,
Nate