Daily Links: Free Quicken Edition Print
Tuesday, 14th October 2008 (by J.D.)This article is about Spare Change
There have been two big announcements about personal finance tools this week, but I’ve been too busy to write full posts about them.
First up, Quicken Online is now free. I previewed this personal finance tool in January. Back then it cost about $3/month, but in a market with great free tools like Wesabe [my review], Mint [a GRS user review], and Yodlee MoneyCenter, that was $3/month too much. I still use desktop Quicken. It’s been a while since I tried any of the online tools — maybe I should test them all again and report my impressions.
Second, Tip’d launched today. Tip’d is a community for sharing financial news, ideas, and tips. It’s sort of like Digg, but for money. I had hoped to talk with Muhammad, the community director for Tip’d, but we’re having trouble connecting. Maybe later this week.
Meanwhile, here’s some other personal finance news from around the web:
First up, in a guest post at Being Frugal, ABC writes that a little bit of investment knowledge goes a long way. Amen. I wrote yesterday that education is the most essential component of any investment plan. Like ABC, I believe that knowledge equals power. (You can check out ABC’s home site at ABCs of Investing.)
Some Get Rich Slowly readers have complained that The Consumerist sometimes goes too far in siding with the consumer over corporations. I’m generally pro-consumer myself, so this bias doesn’t bother me. I think everyone can agree that this story of the worst tip Consumerist has ever received does a good job highlighting how not to behave when faced with a problem. Being a smart consumer means standing up for your rights — it doesn’t mean being a jerk. Never become abusive, especially when you’re wrong.
The New York Times dug into their archives to provide some interesting coverage of the financial panic of 1873. “While the 1929 stock market collapse is widely perceived by economists to have played a role in the economic contraction, the stock market collapse in 1873 — much like the one now — came after a building boom created by easily obtainable mortgages and an ensuing banking crisis.” Interesting stuff.
Finally, Ask Metafilter has some tips on how to cut costs without feeling the pinch. There are some great tips here. Some are obvious, but others less so: “Get an apartment unit that is centrally located, heat should radiate from adjacent units, so you can use less of yours.”

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October 14th, 2008 at 5:26 pm
Thanks for highlighting my guest post over at Being Frugal!
I enjoyed the NYT article on the 1873 crash - very interesting.
October 14th, 2008 at 5:32 pm
Thanks for mentioning ABC’s guest post at my blog! I learned a lot from it myself!
And I checked out Tip’d. It’s a pretty cool community/tool!
October 14th, 2008 at 7:16 pm
I am glad that Quicken was able to realize charging monthly fees won’t take them too far. In this digital age, companies who do not understand consumer sentiment, will soon become absolute. Although Quicken is giving it free, they will be making more money indirectly by creating a positive image.
Cheers,
A Dawn
http://www.adawnjournal.com
October 14th, 2008 at 7:39 pm
I didn’t know about Quicken. Thanks for sharing this! Be well.
October 14th, 2008 at 9:07 pm
If you’re checking out free online tools, don’t forget Mint! ( http://www.mint.com/ )
October 14th, 2008 at 9:26 pm
Yes! We live in an apartment above the complex’s laundry room. This makes it easy to go downstairs to do the laundry, and also we usually only turn on our heat in Jan & Feb because the heat from the dryers rises. Of course, we live in the south, so it’s not very cold anyway. And we make up for it in the summer.
October 14th, 2008 at 9:33 pm
I’ve never used Quicken but I might try it I’ve been looking for a finance tracking program, but there are so many to choose from.
October 15th, 2008 at 12:06 am
I find Mint.com to be the best web based personal finance tool I’ve found so far with Wesabe a close second.
October 15th, 2008 at 1:27 am
Yep, I live in an end of terrace 1910 house (row house?) and I can assure you that the extra un-insulated end wall ensures that my house is absolutely freezing all winter.
I’m so looking forward to the next few months.
October 15th, 2008 at 2:57 am
Would love to see reviews of personal finance software in comments or in a blog post. I’m a Quicken user, but it’s all bloat and feature creep. I want more function, less flash…
October 15th, 2008 at 3:46 am
Guys, just keep in mind that Quicken Online keeps all your banking information and spending habits stored on THEIR servers and backup servers, whereas standalone Quicken is stored on your computer.
October 15th, 2008 at 6:20 am
I considered Quicken Online until I saw that they charged, then I used Fidelity Full View for awhile (it’s basicallly Yodlee), but I’m going to delete everything and just use Quicken on my desktop. I know there are security features and all, but it still bothers me. Having my credit card info and banking info online is worrisome enough.
Regarding The Consumerist and the worst tip ever received…wow…that guy just won’t let it go. A bit scary that one.
I did make fun of someone’s English once, but in my defense, scammers based in Nigeria hacked into my friend’s e-mail and were pretending to be her, asking for money to be wired because she was “in trouble in Nigeria.” They sounded nothing like her because the English was sooo bad, so I messed with them for a little while (had some time to kill), then said that the next time they try to scam people, they should learn proper English.
October 15th, 2008 at 9:43 am
I would REALLY love to see/read your [updated] review of online finacial tools.
maybe you could go a step further, even, and explore the differences between offline options in addition. Compare/contrast the online sites with desktop MS-Money, Quicken, GnuCash, &c.
I would love to read a realistic review of these products, so i could choose where to go! I have been leary of the online offereings, but i think i might trust Quicken… But, on the other hand, i would love to see a review who’s only ax to grind is “what is the best tool for the money”.
October 15th, 2008 at 10:10 am
Man, I do NOT agree with a lot of those metafilter tips.
October 15th, 2008 at 10:38 am
Being 21, I need to start keeping track of my personal finances, but I’ve had no idea where/how to do this. I’ll give these a try and see if I can’t get a hold on this! Thanks!
October 18th, 2008 at 3:16 pm
I signed up, configured Quicken Online, and was getting used to it. Now when I log in, I get the following message. A message that is out of date. A message that has left me confused as the links to subscribe leads to a non-existent page.
I thought the service was free. Guess not.
==========
The Quicken Online Beta program has ended. We appreciate your help with getting Quicken Online into shape. Your suggestions, your feedback, and your time spent simply clicking around have helped us mold Quicken Online into a service that we hope will help you reach your financial goals.
What does this mean?
We have moved from the Beta stage and become a subscription-based service. So, to keep using Quicken Online, please subscribe.
What should I do now?
Click SUBSCRIBE to add payment information to upgrade to the subscription service. Thank you again for being one of our pioneering customers.
(subscribe button)
What happens if I don’t subscribe?
If you choose not to subscribe, your profile and your personal information will be automatically deleted on June 7, 2008. Instead, if you prefer to delete your information and cancel right away, click CANCEL SERVICE below.
(cancel service button)
October 18th, 2008 at 3:43 pm
Folks, I’m fairly certain that Quicken Online is and will remain free, and that this is just some sort of internal bug. I’ll try to get ahold of my contact at Intuit to find out what’s the matter. It’s a weekend, though, so I may not be able to do this.
October 19th, 2008 at 10:01 am
I just signed up for Quicken Online and got the same message MGA did when I tried to log in.
I clicked subscribe button and it says Quicken Online is free until December of 2008 and it is $3 per month thereafter.
Not sure if this is some kind of bug or if it actually will be $3 a month going forward.
October 20th, 2008 at 9:18 am
I signed up for the free online Quicken over the weekend, and when I re-signed in on Sunday evening, I got the same “Beta Program has ended” message. I hope this is a bug, because if it’s what they intend to do, it’s the shadiest bait-and-switch tactic I’ve ever seen - “Tell them it’s free, then make them pay after the second login”
If it’s a bug, what other bugs are there? Bugs that may accidently release my personal information?
October 20th, 2008 at 9:45 am
I’m still trying to get in touch with Intuit. My contact has left the company, so I’m starting at the bottom instead of through a side door.
October 20th, 2008 at 10:23 am
I’ve contacted the Quicken PR rep, and she’s confirmed that this is a mistake — Quicken Online is intended to be FREE from now on.
October 20th, 2008 at 10:37 am
Thanks J.D.
Seems like they should update that beta expired landing page with a message stating that the site is experiencing problems (or “undergoing maintenance” to put a more business positive spin on the problem).
Seems like no one from Quicken is participating in their forums either. And no one has responded to my support request either. I’m losing trust, as I expect many other people are too.
October 21st, 2008 at 12:33 pm
I did research about the panic of 1873 last month..this current situation is pretty much deja vue all over again.The question is: Will we ever learn? Or is it: “Those who do not know history are doomed to repeat it”