Comments on: Quicken Online Adds New Cash Tracking Feature http://www.consumerismcommentary.com/quicken-online-adds-new-cash-tracking-feature/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Thu, 31 May 2012 07:09:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chelsea http://www.consumerismcommentary.com/quicken-online-adds-new-cash-tracking-feature/comment-page-1/#comment-188685 Chelsea Tue, 24 Feb 2009 23:52:18 +0000 http://www.consumerismcommentary.com/?p=5376#comment-188685 Hi Wojciech & Scott, Thanks for the comments! Scott, your method for tracking cash sounds fully implemented. We're hoping this will help consumers who have a harder time keeping track of cash do so. Personally I will take out cash for discretionary spending, but not keep track of where it went, for example (100% entertainment? Uh oh.). Here is the Quicken blog post too, a little late: http://www.quickencommunity.com/quickenOnlineBlog/Cash-Tracking-and-Other-Updates-to-Quicken-Online-Now-Live Chelsea, Quicken Online Hi Wojciech & Scott,

Thanks for the comments! Scott, your method for tracking cash sounds fully implemented. We’re hoping this will help consumers who have a harder time keeping track of cash do so. Personally I will take out cash for discretionary spending, but not keep track of where it went, for example (100% entertainment? Uh oh.).

Here is the Quicken blog post too, a little late:
http://www.quickencommunity.com/quickenOnlineBlog/Cash-Tracking-and-Other-Updates-to-Quicken-Online-Now-Live

Chelsea, Quicken Online

]]> By: Wojciech http://www.consumerismcommentary.com/quicken-online-adds-new-cash-tracking-feature/comment-page-1/#comment-188501 Wojciech Thu, 19 Feb 2009 17:03:12 +0000 http://www.consumerismcommentary.com/?p=5376#comment-188501 This is certainly a neat feature, and I'm glad that Quicken is putting effort into making the online product more comprehensive and useful, which is why I think to this point, I have continued using the desktop version. However, I have stayed away from tracking cash transactions over the last few years, as I have tried to simplify my financial systems. I simply set a limit for total cash for the month, and stick to that limit, regardless of what I spend on. In the end, does it really matter? The primary goal is to finish the month with more money than I started with. I admit, though, this gives me less insight on spending trends. Once in a while, I will use the "notebook" method and write everything down so that I have an idea of how spending is changing long-term. This is certainly a neat feature, and I’m glad that Quicken is putting effort into making the online product more comprehensive and useful, which is why I think to this point, I have continued using the desktop version.

However, I have stayed away from tracking cash transactions over the last few years, as I have tried to simplify my financial systems. I simply set a limit for total cash for the month, and stick to that limit, regardless of what I spend on. In the end, does it really matter? The primary goal is to finish the month with more money than I started with. I admit, though, this gives me less insight on spending trends. Once in a while, I will use the “notebook” method and write everything down so that I have an idea of how spending is changing long-term.

]]> By: Scott http://www.consumerismcommentary.com/quicken-online-adds-new-cash-tracking-feature/comment-page-1/#comment-188464 Scott Wed, 18 Feb 2009 19:08:37 +0000 http://www.consumerismcommentary.com/?p=5376#comment-188464 This is a feature that is missing from Mint. I enjoy using it, but without this feature I have to get creative with cash transactions. It makes it difficult when you withdrawal more than $20 from an ATM as you have to override transactions. This is a feature that is missing from Mint. I enjoy using it, but without this feature I have to get creative with cash transactions. It makes it difficult when you withdrawal more than $20 from an ATM as you have to override transactions.

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