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There are many tools available for tracking investments and managing expenses. And they're still pushing out new features and updates.
SWITCHING FROM QUICKEN FOR PC TO MAC SOFTWARE
Quicken has been in business for a long time compared to other personal finance software companies. Although they provided a new tool to replace it, some users feel it's an inferior product. The company also abruptly discontinued their Quicken Bill Pay feature in 2020. You'll get the latest features and tools each time you renew your subscription. With their subscription product, this won't be an issue-as long as you're willing to pay. Quicken has discontinued several versions of its software.
SWITCHING FROM QUICKEN FOR PC TO MAC FOR MAC
Quicken for Mac looks modern, but lacks robust planning and reporting tools. Quicken for Windows looks more outdated but has more functionality. The two versions are also quite different. There's no easy way to transfer your data from one version to the other. Quicken has Mac and Windows versions, but they aren't compatible with each other. Instead of upgrading once every 3 years, users now have to renew every year to use the program. Since 2018, Quicken has switched to a yearly subscription model. If you had a copy of Quicken 2015, for example, you would no longer get updates or support after 2018. This eventually changed as Quicken started to discontinue their products after three years. Just pop in the floppy disk (remember those?) or CD and download the software to your computer. In its early days, one Quicken purchase would give you access to the program forever. But some users feel these could be signs of Quicken going downhill. Naturally, it's been through a few transformations.
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Quicken has been in the business for nearly 40 years. But fast forward 5 years and Quicken is still kicking. Some people thought the acquisition spelled the end of the software. As Quicken revenue declined, Intuit sold the company in 2016 to H.I.G. The program did everything, from tracking investments to balancing a checkbook.īut other alternatives emerged, and Quicken wasn't able to innovate fast enough to keep up with the times.
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It quickly became the king of personal finance software. When Quicken came out in the 1980s, it made a big splash. But there are a few other reasons why some people think Quicken is on its way out.
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