With the arrival of free online personal finance tools (like Mint, Quicken Online, Wesabe, and many others), you might think that a desktop application like Quicken would be a hard sell. As it turns out, a lot of people out there are like me – a little uncomfortable giving out so much personal finance information to an online tool. Having been the victim of mild identity theft once already, I’m a little wary about giving out my account information unless I can see a direct benefit.
However, with a desktop application, that risk is minimized since everything is stored locally. That’s why I thought I’d give Quicken another, closer, look. My wife and I do financial check-ins every month and I figured just using Quicken to pull the data I already pull manually would be of great benefit. Little did I know how powerful Quicken was after I set up all the account information.
(Click to continue reading…)