Quicken changes to Subscription only

[Al F]

I just received a notice that my Quicken Deluxe 2016 will no longer work to connect online in April 2019.  It looks like the only option will be an annual or 2 year membership subscription with will have to be renewed for whatever price is charged at the end of the subscription period.  

I have used Quicken for probably 20+ years and have just bought the newer version when required, usually every 3 years.  Cost has been about $40-$50 every 3 years. 

Now the Basic version is going up to $35/year and the Deluxe is $45-$50/year. 

 

[Al F]

Is anyone using some other product to track their expenses and still have the ability to download transactions from their bank, credit card, etc?

 

[Al F]

Here is a link to extensive info about the changes to Quicken and two possible alternative products, I just found. https://www.topfinancialtools.com/quicken-2018-membership-subscription-information/

[Barbaraok]

If you enter data manually you don’t have to renew each year.  Go a few years, then get ‘newest’ version.  

[RV_]

Thanks Al,

Intuit does gouge these days now worse.

[Al F]

18 minutes ago, Barbaraok said:

If you enter data manually you don’t have to renew each year.  Go a few years, then get ‘newest’ version.  

That works fine if all you have is 20-50 total transactions a month across all accounts and financial institutions. 

However with almost no cash transactions, every purchase on credit cards, every possible recurring transaction automatically debit checking account, or to credit card, I have 200-300 transactions or more a month.  That is a lot of keying.

[Al F]

29 minutes ago, RV_ said:

Thanks Al,

Intuit does gouge these days now worse.

Quicken is no longer part of Intuit as of about a year or more ago.  Still expensive though.

[RV_]

Alrighty then, it got worse quickenly!

[Barbaraok]

34 minutes ago, Al F said:

That works fine if all you have is 20-50 total transactions a month across all accounts and financial institutions. 

However with almost no cash transactions, every purchase on credit cards, every possible recurring transaction automatically debit checking account, or to credit card, I have 200-300 transactions or more a month.  That is a lot of keying.

I don’t have a problem, but then I’m retired and a few minutes each day don’t bother me.  And yes, there are probably 200 individual entries each month, especially with our various retirement accounts.  

Question is what else is there?  I’ve tried some others a couple of years ago and didn’t like them.  

[SWharton]

I don't use the online function, just use Quicken as a checkbook but enter everything, as much as I can is entered automatically each month by Quicken but the rest is manual. I find using generic payees, like gas for car instead of QT Gas Station simplifies everything quite a bit.

[chirakawa]

I have used Quicken since it was on DOS in the mid 80's.  I've never downloaded any data nor connected to any website.  I'm presently using Quicken 2000.  A week ago, I decided I would look into updating my Quicken.  When I went to the Quicken website and saw what they are doing, I decided I was happy with my 2000 version.

Are you saying that if I wanted to, I couldn't download data from my bank and then import it into my Quicken registry, even though I never have?

[Barbaraok]

Yes, the new version of Quicken can download directly from a variety of financial institutions.  I just don’t want to because it is set up to go through Quicken’s cloud and I’d rather keep my information to myself.  

[chirakawa]

8 minutes ago, Barbaraok said:

Yes, the new version of Quicken can download directly from a variety of financial institutions.  I just don’t want to because it is set up to go through Quicken’s cloud and I’d rather keep my information to myself.  

You misread my question.

My bank has always allowed me to download a transaction file in QIF format directly to my computer, didn't go through anyone's cloud.  I could save it in a folder and then import it into my Quicken.  I've never done it, but had that capability.  My question was, am I no longer going to be able to do that.

[JRP]

8 minutes ago, chirakawa said:

My bank has always allowed me to download a transaction file in QIF format directly to my computer, didn't go through anyone's cloud.  I could save it in a folder and then import it into my Quicken.  I've never done it, but had that capability.  My question was, am I no longer going to be able to do that.

You should be able to continue that method with any of the legacy Quicken versions. I'm still doing that with my 2017 version. Its still an open question whether you can do that manual download with the new subscription version of Quicken (which I have no intention of using).

[Al F]

1 hour ago, chirakawa said:

You misread my question.

My bank has always allowed me to download a transaction file in QIF format directly to my computer, didn't go through anyone's cloud.  I could save it in a folder and then import it into my Quicken.  I've never done it, but had that capability.  My question was, am I no longer going to be able to do that.

My understanding is with the new subscription versions, once the subscription has expired you can no longer import the file.  As far as I know the older versions, like Quicken 2016 you will be able to import the QIF file.

[DJW]

I am still running a 2002 version.  It does everything I want it to do.  I have never downloaded files from my bank.  I run maybe 60-70 manual inputs a month.  I see no reason to upgrade

Dennis