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Quicken 2010 Review and Giveaway

This article was written by in Giveaways, Reviews, Software. 152 comments.


Are you looking for the latest version of Quicken? Here is my review of the newest version, Quicken 2012. Downloads of Quicken 2012 are available today.

Note: This is a long article containing an in-depth review of the new version of Quicken. If you are just interested in the giveaway of Quicken 2010 Deluxe, scroll to the bottom of this article.

It took me a long time to warm up to Intuit Quicken. When I first saw the software in the early or mid 1990s, I wasn’t very interested. That’s not the software’s fault; at that time I most likely did not see the need for tracking money I did not have. When I finally realized I needed to build some control of my personal financial situation, I first looked for free solutions.

After several months of spending less than I was earning and tracking my progress using freeware, I evaluated Microsoft Money alongside Quicken. Money looked nice and ran smooth while Quicken was clunky and unattractive, so I stuck with Money for a few years. After some time, I came to realize that Money’s features for dealing with investments were not as comprehensive as I would like, and for some reason it interpreted the downloaded data from my 401(k) incorrectly. I decided to give Quicken another shot.

While Quicken wasn’t perfect, it worked better with the transaction data I downloaded from the banks and offered configurable reports. So I stuck with it, and I still use a desktop version of Quicken almost every day. I receive questions about why I haven’t switched to popular Web 2.0 applications like Mint.com (review here). These websites offer interesting features, particularly those powered by community aggregate information, but they lack some of the basic investing functionality that I get from the desktop version of Quicken.

Quicken 2010 review, first impressions

QUICKEN 2010 HOME & BUSINESS WINDOWS CD DIRECTI received Quicken 2010 Home and Business in the mail yesterday and gave it a test drive tonight.

The upgrade from Quicken 2009, including downloading updates to the software online, took about ten minutes. Tens of thousands of transaction records needed to be converted to the new version, and this took the bulk of the time for the upgrade.

After the upgrade was complete, the software brought me to Quicken.com to register. Although I am already registered at Intuit, I was required to provide my information again before using all of the software’s functionality. Although required, the registration process was quick.

I was impressed with the new version’s look and feel. The interface is redesigned to be cleaner, and switching from one page to another within the software seems to move faster. One of my biggest complaints about Quicken has been its sluggish display but this seems to be greatly improved.

Quicken 2010 opens to a new main screen with three horizontal sections. The top includes a pie chart describing your spending within categories and the middle of the screen lists your anticipated expenses.

The focus here is on your cash flow: how much is left in your spending accounts at the end of the month. Here is the top half of my screen. Click on the thumbnail to view the image full-size (and note the exceptionally large tax expense thanks to quarterly estimated payments).

Quicken 2010

The bottom section of this screen is new. According to Quicken, it would take 5 minutes to begin tracking spending goals. I began creating spending goals, which seem to form a softer style of a budget. Unfortunately, because I use sub-categories, Quicken’s “average monthly spending” in categories like “Auto,” “Dining,” and “Entertainment” were inaccurate. As a result, the “suggested monthly goals” were not appropriate. I solved this by choosing my own categories, such as “Auto:Fuel” rather than “Auto.”

After assigning several categories to watch, here are my results so far for October.

Quicken 2010

I also like the new Net Worth tab. Here is what the top half of my Net Worth page looks like.

Quicken 2010

Downloading data from banks

The “Direct Connect” feature of Quicken, in which you store your bank accounts’ passwords in the software and send Quicken on a mission to download your latest transaction data, has never run smoothly for me. In Quicken 2009, this process would occasionally lock the software, requiring me to kill the process through the Windows Task Manager. Furthermore, this downloading should be a background process. However, whenever you initiate the data update, you are preventing from performing almost every other task in the software.

Quicken 2010 has not fixed this completely. During the update process in the new version, Quicken will prevent you from moving around the software.

What to look forward to

All things considered, this seems to be a good upgrade with my limited experience so far. But like most yearly, incremental software updates, there is not a lot to justify buying the software if you already have a recent version of Quicken.

The best news from Intuit is not reflected in Quicken 2010. As a result of Intuit’s pending acquisition of Mint.com, the CEO of Mint.com, Aaron Patzer, will be leading the development of the desktop version of Quicken in addition to the online personal financial management software. I expect future versions of Quicken will look slicker and work faster as Intuit leverages the team and the talent behind Mint.com.

Latest prices for Quicken 2010 versions

Before you buy, consider trying to win the giveaway for Quicken 2010 Deluxe. Instructions for entering the giveaway are below. Free is always a better option. Also, Intuit often offers discounts. Right now the software is offered for full price only. But keep watching Consumerism Commentary to find out when new discounts are available.

If you’re a Mac user, hang on until February 2010. A new version of Quicken for Mac will be released next year, and Intuit says the will be a major upgrade from the most recent release. Alternatively, you can run software on the Mac that emulates Windows and allows you to run these updated versions of Quicken.

See the Quicken 2011 review and giveaway for a chance to win the latest edition of Quicken’s desktop software.

EditionPurchase
Quicken Home and Business 2013Buy CD-ROM $84.99Download $84.99
Quicken Premier 2013Buy CD-ROM $79.99Download $79.99
Quicken Deluxe 2013Buy CD-ROM $54.99Download $54.99
Quicken Starter Edition 2013Buy CD-ROM $39.95Download $39.95
Quicken Rental Property Manager 2013Buy CD-ROM $159.99Download $159.99
Quicken WillMaker Plus 2013Buy CD-ROM $48.48Download $69.99
Quicken Essentials for Mac 2010Buy CD-ROM $32.67n/a
Mint.com

Giveaways

QUICKEN 2010 DELUXE WINDOWS CD DIRECTIntuit sent me two copies of Quicken 2010 Deluxe to give away to readers. Here is how you can win one of these copies. Each of the following will provide you with one chance to win, so you have a maximum of three chances.

Pls RT! Review and giveaway: Quicken 2010 from @luke_landes! http://bit.ly/RjD3y

You must be over 18 years old and must have an address in the United States in order to qualify. The winners will be chosen using the random number generator at random.org. Thanks and good luck! The giveaway will end Friday night, October 23, at 11:59 pm.

Update: The giveaway has ended and the winners will be announced shortly.

Intuit provided Consumerism Commentary with a copy of Quicken 2010 Home & Business and two copies of Quicken 2010 Deluxe prior to this review and giveaway but have had no influence on the content of this review or form of this giveaway. Consumerism Commentary is an authorized affiliate of Quicken.

Updated October 6, 2011 and originally published October 16, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 152 comments… read them below or add one }

avatar kath

I would love to win. I am having to redo my budget to find money to send two kids to college.

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avatar george maxfield

Great to hear about the new release of updated Quicken 2010. Can’t wait to get it!

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avatar Joe

I hope I win!

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avatar Bob

Please enter me in the contest.

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avatar Wayne

Throw my name into the basket to win.

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avatar Rebecca

I would love to win the new Quicken 2010!!!

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avatar Dreamer
avatar Chris

I wish the mac version came out sooner than February!

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avatar Dreamer

Also, a fan on facebook. I would have edited that into the previous post, but for some reason, editing won’t work for me (when it goes into edit mode, it won’t let me do anything but use the toolbar at the bottom for some reason). Sorry for the double post.

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avatar daub815

I’m so happy to hear the interface has sped up. That is also one of my complaints. So is the transaction downloads. Hopefully, they allow for a better way to export our data from Quicken. I hate being locked in to it (no pun intended).

I wouldn’t mind a free upgrade either.

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avatar Dennis

Since I won’t be able to use MS Money anymore soon, I would love to win the new version of Quicken.

Thanks!

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avatar Jimmy

I would love this! Thanks.

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avatar Milos B.

I would like to receive a copy of Quicken 2010.

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avatar Julio

Sign me up.

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avatar Thomas C

Enter me for the drawing!

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avatar bbee

Great review, thanks for the chance to win!

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avatar Milos B.

Also, a fan on facebook.For some reason I can’t edit my previous post.

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avatar Jason

Good article. I’d love a free copy!

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avatar Kevin

I have Quicken 2006. They just cut off the online banking feature because the version is too old. Sigh. So I’d love to win!

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avatar Paul

I am hoping to get Quicken 2010 since my tried and true MS Money is no longer being supported by Microsoft. Did you have any problems transferring your MS Money data into Quicken when you made the switch?

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avatar savvy

I would love to win. I’ve been using MS Money since the 90s but the online capabilities are no longer supported. Therefore, I’m considering switching to another software.

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avatar Leigh

I have been using quicken for quite a while. This new version looks great

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avatar Fiona

Is it worthwhile to update my 2008 version to 2010 version?

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avatar akamuaka

I’ve used Quicken since about 1995 and upgrade about every two years. Never had the problem you describe (process hang) with the online banking updates… but occasionally an update with one institution will fail and needs to be reattempted. I’d love it if Intuit provided a little more transparency on what is occurring during the updates (even a debug log). Thanks for the review!

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avatar Mitch

Been using MSFT $ 2002, would like to upgrade. Appreciated the opportunity.

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avatar Paul

Also became a fan on Facebook.

Thanks

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avatar Steve

3x entries for me. I got MSMoney at the employee discount price from friends who worked MS, so I use to use that. But eventually I got lazy and stopped. Now I just have a google docs spreadsheet to track my net worth and that’s about it. Sometimes stuff slips through the cracks though.

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avatar OldGeorge

Great article. I’m feeling lucky! Enter me to win Quicken 2010!

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avatar SteveDH

Quicken is on-sale at Best Buy for $59.99 versus $89.99. I got a copy yesterday, so don’t sign me up for the giveaway. I too liked the increased responsiveness and my install and conversion went smoothly. I really liked the Cash Flow page in Q 2008 and at first I had trouble finding it. Thankfully it’s still there under the planning tab. So far I’m satisfied with the program’s performance and will spend a lot of time exploring the various functions. Even at $60.00 it’s a little pricey for little more than a facelift but I’ll keep looking for the reports, analyses, and function that best suit my needs.

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avatar Barbara Bennett

I would like to win the new Quicken!

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avatar Chris K

Wow, great review. I haven’t used Quicken since ’03. I may have to look into this updated edition.

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avatar Nehal

I’ve been a quicken user for years, and though I have some frustrations, I don’t see myself using anything else. I have no problems downloading transactions. I do have trouble with the spending tracker. I can never get it to report the ‘total remaining’ correctly.

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avatar Kirk

Thanks for the honest review. Basically you’re saying that my biggest gripe about quicken is still there, the fact that it creates superstitious behavior while downloading transaction updates. It locks up the interface for a very long time, which is a slap on the wrist for any software developer – have they not heard about spawning a background thread and event queues? This time although one might think it’s a small gripe, when you’re deciding to sit down and do your finances and you have to wait 15mins to get the updates, and you can’t do anything but watch the stupid animation, you’re going to open a different application and do something else. Then your zeal to update your finances will be gone by the time the updates are done (or not done as sometimes happens with my present 2009 version), and you’re left scratching your head, if you had to manually update these in the first place, why didn’t the software tell me?

I still use it, but it’s quite useless as a piece of software to actively manage my finances. It’s more of a overall picture of my finances and a planning tool for me.

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avatar Scott

The 2008 version is good, but 2010 would be even better :-)

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avatar Dubary Brea

I would to win me some new Quicken! lol

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avatar hminnesota

I have always used Quicken. Would love to win this.

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avatar hminnesota
avatar michelle rosborough

Would love to have this
I’m a facebook fan
tweeted http://twitter.com/dolls123/status/4919168083

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avatar Dave_N

I won last year! How about a winning streak?

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avatar Alan Mayer

Became a fan and would love to be entered in the giveway.

Alan

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avatar Andrew

I’d love to win a copy of Quicken 2010!

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avatar Mary Lynn Hayes

I could really use this but can afford to buy it right now. Thanks for the chance to win it!

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avatar Ginger Klein

I’ve just found this site googling “help living on a budget”. Your articles are the first I’ve found that have given me any straight answers. Thanks. I’ll be back often.

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avatar Dubs

Would love to win.

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avatar Rob

I’m entering the Quicken contest. Thanks!

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avatar Andrew

I became a fan on Facebook and I tweeted here: http://twitter.com/alee67/status/4919394594

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avatar Ben

Thanks for the chance to win!

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avatar Andy

Thanks for the review, Flexo! I’ve been a Quicken user for quite some time and have found it pretty valuable, though there are usually diminishing returns with the annual updates. It’s been a few years, though, since I upgraded, so thanks for the chance to win!

Reply to this comment

avatar Lisa

Great site! So much useful info. Not getting much else done!!!
Oct 23rd is my daughter’s b’day so maybe it will provide me with
a bit of luck to win the copy of Quicken!

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avatar Kurt

I’d love a copy , sign me up

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avatar Edward Dreyfus

Very helpful review of Quicken 2010. Thanks.

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avatar Song Pak

Great Review.

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avatar Marsha Jones

Thanks for the giveaway!! Please enter me in the drawing.

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avatar Marsha Jones
avatar Greg Lundblad

Would love to win Quicken 2010!

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avatar Stephen

I don’t use twitter, so i’ll settle for 2 chances out of 3 — I became a fan on facebook :)
maybe i’ll finally update my 2006 version!
Stephen

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avatar Eric

I’m in..thanks!

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avatar Carrie

I would love to try out the 2010 version of Quicken!!!

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avatar Karel

I have been using Quicken since 2002 and am currently on v2008. Would love to test and compare the new version.
Thanks!

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avatar skylog

i love free

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avatar Javier

I would love to win a copy!

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avatar Greg

I’d like to win it. Thanks.

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avatar Jim Phillips

Have used Quicken for 10+ years. Currently using Quicken 2007 and see no reason to upgrade except Intuit is notorious for dropping support for older software. So, please enter me in the drawing.

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avatar Tom

Would love to win a free Quicken 2010 Premier version

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avatar Brian

Thanks for the review. Would like to win!

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avatar SingleGuyMoney

I’ve love a chance to win a copy of Quicken 2010!

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avatar Anja

I check your site every day so I can learn to improve my money management. Winning a Quicken copy would only help !! Whether I win or not, Thank You!

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avatar MGA

Good review. I too like the Net Worth Over Time graphs (MS Money had it too). It gives me a sense of how I’m doing compared to past months.

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avatar Dan

Great review. I always get started with Quicken for the year, but soon get frustrated and give up. Maybe 2010 will be different…

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avatar Mike

Thanks for throwing my name in the hat for a chance to win,

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avatar Serge B

I love Quicken! Pick me!

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avatar Christie

My son is in accounting and has to use what his company dictates but at home… it’s Quicken, by choice.

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avatar Jonathan

Thank you for the review. Please include me in the Quicken 2010 giveaway contest. I need a good budgeting/personal finance solution to benefit my large blended family…which includes myself, wife, our kids, step kids (mine & hers), foster kids… nine total just like the Brady Bunch family except no live-in housekeeper.

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avatar Matthew

I wouldn’t mind winning a new version as well. I’m running Quicken 2008 and I’m not being inundated with $10 off upgrade offers from Intuit. I think that works out to $50 for the 2010 edition, but I think I’m going to let it go one more year before I upgrade. I’m amazed about how they don’t seem to really upgrade the engine, but do more to upgrade the look of the software each year. Just like the author, I seem to constantly have stability problems around downloading transactions. So much so, that I don’t even bother with my investment accounts anymore because it seems impossible to easily get them to match up.

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avatar Joe Hamel

Thanks for the timely info. Please enter me as I would love to win one!

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avatar Kevin D

I was a MS Money user for years. Just bought Quicken Premiere 2010 after tinkering with the free online Quicken. I’m really upset that most of my financial institutions don’t have available synching/transaction downloading, including my two retirement plans: TIAA-CREF and New York State Deferred Compensation Plan; and my Capital One checking and savings accounts. The setup screens declare that it’s “Unavailable.”

Capital One worked with MS Money and the online Quicken. The bank’s website indicates that they connect to Quicken, but they must mean the online version, not the expensive application.

You should check on your institutions before you buy Quicken 2010.

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avatar Richard

This is the first and most comprehensive review of Quicken 2010 I have seen. Thank you.

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avatar CJ

Looks awesome…enter me

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avatar Joe

Please add me to the drawing. I have been wanting to try quicken, but $100 is a lot to spend to try it.

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avatar Valerie

I’d love to win one of those copies. And by the time you have the drawing, maybe they’ll have a few of the early bugs worked out.

I am a veteran user of Quicken, since DOS versions, but had to give up on Q2009. I’m using Q2008 and hoping this new version will have solved the problems.

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avatar George

Please add my name into the drawing. Facebook fan also..:)

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avatar Kathy

Please enter my name to win.

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avatar Leslie M

I’d love to give Quicken a try… I’m disappointed at Mint, and did not want to go back to MSN Money (althoug I liked it)
Maybe this is my chance to try Quicken!!

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avatar Clever Dude

I’ve been strongly considering upgrading, so throw my name in the hat. I’m also a fan of CC on Facebook (as Mike Cleverdude).

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avatar Kevin

Soon to be former MS Money user – looking to switch to Quicken…

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avatar Lenee

Thanks for the giveaway!

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avatar Kevin

Hoping to win!

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avatar Wojciech

Would love a chance at winning a copy!

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avatar Kenneth Yuan

count me in

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avatar Cameron

Sign me up!

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avatar PJ

Sure would like to upgrade my version of Quicken.

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avatar Susan

Sign me up! Please please please?

Facebook fan, and left a Twitter too!

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avatar Crumbs

Yes, I would like to win a copy of Quicken. I have been using Q07 Premier and don’t have much time left to use it!

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avatar Mike

Enter me. Free is always good.

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avatar Shadox

Would love a copy of the software.

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avatar howard w reagan

I too came to use Quicken by way of Microsoft Money. I wait until a version has been out for a few months maybe a year and then locate the lowest price for the current year’s version. Then I make use of websites such as yours to try and determine if it is worth the trouble and cost to upgrade to the latest version. It would be nice to be able to test or bench mark the new version but it seems like you must buy to try! Since I am using the package for banks and credit cards in a non business environment, I can afford to wait in hopes of spending as little as possible to upgrade. Your website seems to have a common sense approach that works well for me. I prefer to be current at the same time I like good deals as well! Thanks for the review!
Howard

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avatar John N

I would love to get it.
Thanks!

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avatar Zak
avatar unimax

Free is great.

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avatar James Hampton

I actually have been using Quicken since Version 1. I only upgraded every 2 years except last year when the change in downloading bank data was changed. I have been very satisfied with the program.

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