I was able to create a category specifically for that with a few clicks.Īfter the transactions are downloaded and categorized you get a nice pie chart that shows your total spending over the last 30 days. You shouldn’t have any problem connecting to your financial institutions.Īs the transactions loads it will ask you to identify certain transactions that it cannot automatically categorize.ĭuring my setup it was able to figure out a vast majority of my spending the only exception was a $100 withdrawal from a savings account to my Lending Club account. Even my smaller local credit union was in their system. Quicken had access to every bank account, credit card, and retirement account I threw at it. Essentially you’re trading automation of this financial process for a very small security risk. ![]() Providing your account credentials to Quicken might make you a little nervous, but the company uses extensive security to make sure your account information isn’t stolen. The software then logs in and downloads the data. To connect these accounts you need to provide Quicken your online username and password to each account. This is where Quicken downloads financial transaction data from your bank accounts and credit cards. However, compared to doing all of this by hand or in a spreadsheet it is a huge time saver. You need to link various accounts and check various settings along the way, so it can take a few minutes. After that, Quicken will load for the first time and walk you through the three main steps above. Setting up a new ID takes just a moment and is done within the program. ![]() When you first install you are asked to sign in with an Intuit Quicken ID. There are additional sections to track property, debt and your net worth. Under each section there are additional tools and reports available to get down to the nitty gritty details as well.
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