After writing about my favorite free budgeting software, I couldn’t include Quicken Online because they charged $3 a month. Starting today, they are doing away with the fees and making it a free service. I hadn’t yet tried them out, so I figured now was as good a time as any since they are free.
ING Direct works with Quicken Online
I have always been impressed with Mint and Wesabe, but I wasn’t able to get either one of them to work with my bank (ING Direct) and credit union. I kind of decided that if I were going to use a financial tool like these, that it would have to handle everything, or it wasn’t worth my time and energy. So, since Mint and Wesabe, were never up to the challenge for my accounts, I was pleasantly surprised to find out that Quicken Online actually handled both of my banks very well.
Just by being able to import my bank data automatically, I am instantly a huge fan of Quicken Online. If I had known that it would have done this from the beginning, I would have gladly paid $3 a month for it. And even better is the fact that it is FREE!
Playing with Quicken Online
After spending about an hour with it, I am excited about it’s possibilities. A few of the features I like so far…
- Just like most of these tools, it allows you to define each store’s transactions to fall into a specific category
- Once you have added those, it allows you to get a nice birds-eye-view at your spending
- Bill reminders
- Allows you to set budgets for each category – so then you can check to make sure you aren’t overspending
- It calculates a rough estimate of your Net Worth for you – it’s accuracy depends on how much info you provide.
There are lot more features that I haven’t dug into yet, but all in all, I would say that since Quicken Online is free, it is worth trying.