Quicken

A year ago at the Intuit booth at MacWorld, Quicken founder Scott Cook pressed a CD into my hand. It contained a beta version of the company's long-overdue update of the Mac version of Quicken, called Quicken Financial Life. Eagerly awaiting its release were Mac users who needed a personal finance app with some meat on its bones. They were getting frustrated with Quicken's maker, Intuit. The ancient Quicken 2007, which was the last new version of Quicken for the Mac, was so unloved that you didn't have to look far to find people running Windows (inside … Read more

With Quicken 2010, Intuit strives to make its flagship money management application easier to navigate and simpler to set up, thanks to spruced-up visuals and a refreshed start-up wizard. Although already a solid balance-keeper and financial assistant in previous versions, Quicken 2010 adds a few new features to visualize your monthly budget and assets.

The Quicken 2010 product family includes Quicken Starter Edition ($29.99) for tracking budgets and upcoming bills; Quicken Deluxe ($59.99), which includes tools to help you save up for a large purchase; Quicken Premier ($89.99), which helps track investments; Quicken Home and Business ($99.… Read more

Conventional wisdom is that Intuit's acquisition of the personal finance Web service Mint will mean the end of the line for the company's standalone software app, Quicken. Upstart Mint, which is being acquired by Intuit for $170 million, has a personal finance product more in line with the times, with a younger demographic, a working business model, and a passionate CEO, Aaron Patzer, who's slated to take over the Quicken product line at Intuit once the acquisition closes. It doesn't look good for the old desktop app, Quicken.

It's a shame that we think of Quicken that way, but it's Intuit's own fault that we've gotten here. The product, according to Intuit legend, started at founder Scott Cook's kitchen table in 1983 as he watched his wife struggle with paying bills. The original Quicken, little more than an DOS-based checkbook and register, over time became an ambitious personal finance suite that handled budgeting, retirement planning, loans, public equities and employee stock options. It became more capable but also more complex, harder to use, and much harder to get started with.

More importantly, as Julie Miller, director of corporate communications for the consumer group at Intuit told me, "Quicken made its way through the organization. We shuffled the Quicken business around. That had a direct effect on the quality of the product." You can see the effect on CNET's own reviews. Users hate Quicken. Few products have user reviews scores as low: none of the variations of of Quicken from recent years have user reviews garnering more than 1 and a half stars out of 5. (Our official reviews score the products higher.)

Another reason that Quicken suffered: Intuit shifted its focus away from the flagship product to new moneymakers, in particular its small-business product, QuickBooks, and its tax software and service, TurboTax. As Miller says, "There were decisions made over time that had the unintended consequence of putting the Quicken business where it was starved for focus and resources."

Finally, though, the light began to dawn at Intuit. Miller: "Our thinking was too limited. We weren't thinking beyond the desktop solution. The way we grow this, we realized, was to look for acquisitions."

… Read more

With Quicken 2010, Intuit strives to make its classic money management application easier to navigate and simpler to understand in less time, thanks to spruced-up visuals. Although a solid balance-keeper and financial assistant, Quicken needs every boost it can get. Web-based software is growing more sophisticated and stylish every day and users are increasingly less wary of dealing with banking online. These conditions form two pincer points squeezing traditional desktop software like Quicken.

Many of Quicken 2010's additions are cosmetic changes that streamline and simplify its offering. There's a set-up wizard that guides you through importing your financial … Read more

Amount of steps you took today: 3,451. Miles traveled: 1.4. Calories burned: 348. Calories consumed: 625. Then you went to bed at 12:05 a.m. Time to fall asleep: 23 minutes. Times awakened: 25. You were in bed for 8 hours 2 minutes. Actual sleep time: 7 hours 42 minutes.

The math is easy, sure. But never before has a device tracked so many aspects of an individual's physical movements to measure overall wellness. From caloric intake to activity levels (sedentary, lightly active, fairly active, and very active), Fitbit clips onto clothing or straps around one'… Read more

This week, I'm joined by CNET security expert Elinor Mills in a discussion with Mint CEO Aaron Patzer, whose personal finance site is being acquired by Intuit. We grill Patzer on why he sold the company, the future of Quicken, and the security of online financial data.

I really enjoyed recording this podcast. We had the start-up CEO of the moment in to talk about why he sold his personal finance company, Mint, to Intuit--the company he built Mint to compete with in the first place.

Also, Elinor grills Patzer on the security safeguards in his system. Patzer tells us getting access to Mint data is like initiating self-destruct on the Starship Enterprise: You need three people to give their individual passwords at the same time or no go. Play the podcast for the full content, and for our show notes, including some bonus content from a post-show discussion, keep reading. … Read more

Making sense of medical bills can be a challenge for both the patient and doctor. A new service from Intuit is trying to ease that pain.

Quicken Health Bill Pay, a free online service from Intuit, is meant to help consumers better understand and pay their medical bills online. The service presents the bills in an easy-to-read language, said Intuit, so patients can view the services they received and see the exact balance due after insurance. From there, they can pay the bill directly online.

The service debuts as tech companies are increasingly directing their attention to the field of … Read more

Financial software maker Intuit has signed an agreement to acquire personal finance service Mint.com for $170 million.

"With this transaction, Intuit will gain another fast-growing consumer brand and a highly successful Software as a Service (SaaS) offering that helps people save and make money," Intuit CEO Brad Smith said in a statement Monday. "This move will enhance Intuit's position as a leading provider of consumer SaaS offerings that connect customers across desktop, online and mobile."

TechCrunch reported the deal Sunday night, citing unnamed sources.

Mint, a start-up launched two years ago that tracks personal … Read more

Simple, powerful, easy to use--these assets go in the credit column for this app. This home-accounting package will help you realize your desire to reign in your spending practices to make sure outgo doesn't outweigh income.

Millionaire 2020 launches a simple tabbed interface--plain but functional--with a row of buttons. A robust Help feature provides details on how to get the most from the app, but a first-time user can determine how to use this software just by looking at the interface. This app performed very well during our tests. We liked the simplicity it provided for entering recurring items, … Read more