Quicken Review: Is It Still Worth Buying In 2023?

Quicken is a robust and outstanding tool beneficial for smooth finance management. Additionally, this new product comes with some new features that make it a more efficient tool. With the help of Quicken, anyone can have their finance management on the right track.

 Plus, not every Quicken product offers compatibility with the finance management features. But if you want to manage your small business, then you can take the Home & Business plan. It allows you to manage your business as well as personal finance without any hassle.

 If you are planning to use any finance management tool this year, then Quicken is one of the best options. But, before choosing a Quicken plan, you must still learn whether it offers the features you are looking for or not. So, get through the whole content to attain the full information of Quicken 2023.

Quicken Overview

Quicken is among the top finance management tools that provide ample of useful features. With the help of Quicken software, you can easily create a budget, tax support, bank reconciliation, charts of accounts, etc. Plus, its cutting-edge feature keeps track of your total earnings and spending habits so that it can provide detailed info.

 

 On Quicken, you can easily add many accounts in one place. Also, it communicates to the banks on behalf of its users. Based on your spending habits, it provides you with information on where you can save some money. When you are using Quicken, you do not need to bill payment delays anymore, as it offers payment alerts. Plus, it allows you to pay bills from one place and generates receipts.

What Are The Major Perks And Drawbacks Of Quicken?

Here are some of the prominent perks and downsides of using Quicken software.

Pros

1.    It lets you add all of your accounts in a single place to manage your finances more thoroughly.

2.    It has very advanced and useful features, but they are very easy to use.

3.    Quicken can help you generate numerous financial reports for more transparency.

4.    Quicken is the best (or one of the best) tool available for personal finance management and budgeting.

5.    It is a very stunning UI and makes the user experience satisfactory.

6.    Its product can be used on your smartphone so that you can get the correct info at any time.

7.    This software also comes with excellent real-estate features.

8.    With this product, you can separate receipts according to various spending categories.

Cons

1.    The transaction sync is not very reliable.

2.    Quicken Home & Business plan is only compatible with Windows devices.

3.    The investing features are not just beneficial for businesses.

4.    Users do not get the customer portal for paying invoices.

5.    It does not work correctly on Mac devices and also lacks some features.

What Are The New Features In Quicken 2023?

Here are some new features that you get to see in Quicken 2023.

 1.    Quicken now allows its users to manage the cryptocurrency like other types of security in your portfolio.

2.    Now, tracking many areas has become a lot smoother and easier. You can keep an eye on private equity, venture capital funds, fund contributions, and cash or stock returns when involved in a partnership.

3.    Now you can choose how your RSUs are represented in your portfolio or net worth.

4.    The Quicken Home & Business or Quicken Premier provides you with a real-time stock quote of publicly traded stock for investment customers.

Is Quicken Worth Buying In 2023?

There is no doubt Quicken offers best-in-class features for personal income management. Plus, if you are into investing, it gives you the right opportunities to invest and grow your income. Also, when it comes to security, you do not have to worry. The security features you are going to get in this software are Integrity checks, A password vault, 256-bit SSL encryption, an option to password-protect files, and Firewall-protected servers.

 Apart from that, you also get all the features you learned earlier in this very blog. However, some of the issues have been faced by the users while using the app on their devices. But, it is still a worthwhile deal if your plan is managing your personal finance. So, you can use any of the plans based on your preference and needs.

Frequently Asked Questions (FAQs)

How much is a yearly subscription to Quicken?

Quicken has various plans that come in different price ranges. The Basic desktop app Quicken Starter costs $41.88 per year. At the same time, its most expensive product is Quicken Home & Business, which costs $119.88 per year.

Does Quicken have a competitor?

Quicken is known for its advanced features and robust security that no other app can match. However, if you are looking for any other alternative, then you can try other finance management tools available in the market. Also, you can go for the Mint, a free web-based service to keep an eye on your personal income.

Can I use Quicken on the Web only?

Quicken allows you to use the app on the web. For that, you must have a Quicken desktop plan, though. Besides that, you have to sync all of your data to the cloud before you access your Quicken account on the web. Similarly, you can get access to Quicken on your mobile phone.

Is Quicken a subscription or a one-time purchase?

You do have to pay every month or year to use the Quicken services. Also, it offers a 30-day money-back guarantee to users who are not satisfied with the product. You can get a monthly or yearly plan at your convenience. However, you should keep in mind that you have to pay less for the same plan if you pay yearly. 

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