Saturday, December 14, 2019

Quicken - Halfway to Freedom

Today a big hurdle was cleared.  I've used Quicken for decades.  I have more accounts (many closed) and transactions stored than I care to count.  Quicken provides a few important functions in my financial life:
  • Banking
    • Reconcile my bank accounts to make sure I don't overdraw
    • Categorize transactions for taxes (not so much to track spending)
    • Search for transactions (often related to spending, taxes etc)
  • Investing
    • I like to track my investments independent of my brokerage firm mainly to make sure I have the cost basis in the event I ever switch. 
For the Banking functions I have switched to CountAbout which is on the cloud.  It's not perfect, but it does what I need and importantly I was able to upload all my data from Quicken to it and it was pretty easy.  It also gets transactions from my financial institutions (banks and credit card companies).

The next step is to check out some tools to replace Quicken's investing function.

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