Quicken 2010 Review

Quicken 2010

Quicken 2010

I just received an e-mail today that Intuit has released Quicken 2010. Describing the new version of its popular money mangement software as the “must-have upgrade,” Quicken Home & Business 2010 offers several new features.

  • Organizes your finances all in one place
  • Improved, streamlined, and guaranteed easier
  • Saves time by automatically importing your existing Quicken data

The big question with the release of any new version of existing software is whether or not one should upgrade. If you are new to Quicken and are looking for software to help manage your money, Quicken 2010 is an easy choice. I’ve used it for years (on both a Mac and PC), and it offers just about every imaginable feature. But if you are an existing Quicken user, to upgrade or not to upgrade is the question.

To help you answer that question, let’s take a closer look at what’s new with Quicken 2010.

Quicken 2010 Snapshot: Perhaps Quicken’s most significant new feature is the ability to see your most important financial information in one place. As Intuit describes this feature, “the new Quicken home page puts all your most important financial information in one easy-to-understand window, so you can see how you’re doing at a glance. Here’s what the snapshot looks like (click image to enlarge):

Quicken 2010 Snapshot

Quicken 2010 Snapshot

Improved Tool Finder: Quicken has improved its menus and toolbar to help users find the tools the need faster. Given the many tools and features of this software, streamlining the menus and toolbar is a significant improvement.

New Money Management Help: Quicken has added a new Guided Setup that can help you get control of your money easier and faster. Basically, these new screens enable you to set up monthly bill pay, spending goals, and saving goals in a matter of minutes.

Quicken Bill Reminder: With rising bank fees for overdrafts, Quicken has introduced a new feature that shows you want bills are upcoming and how much you have left until payday. it’s a simple feature really, but one that could pay off if your bank balance is always nearing zero right before payday:

Quicken 2010 Bill Reminder

Quicken 2010 Bill Reminder

Quicken WillMaker

Quicken WillMaker

So are these improvements worth the upgrade? In my view, Quicken 2010 is a nice-to-have, but probably not a must-have. There is one thing, however, that may move those on the fence into the upgrade category. To celebrate its 25th Anniversary, Intuit is giving away Quicken WillMaker for free. As the name suggests, this software will help you draft a will for you and your family. In fact, the software can help you prepare several important documents:

  • Will
  • Living Will
  • Health Care Power of Attorney
  • Financial Powers of Attorney
  • Final Arrangements Document
  • Important documents for executors

So if you are interesting in purchasing Quicken 2010 for the first time or as an upgrade, here are the products Intuit offers:

Topics: Reviews

15 Responses to “Quicken 2010 Review”

    • Did you by any chance get Quicken for Mac last month? I just read the notice on my Quicken 2007 that I need to buy a new version by 4/30 & have recently migrated almost everything to Mac. Wondering if it’s worth the Mac investment for Quicken or keep it in my VM ware (parallels). Thanks for the feedback.

      • CabOls, I’m actually getting Quicken for Mac today. I’ve been very frustrated with Quicken’s failure to keep its Mac version up to date with the PC version. I don’t think the new version solves that problem, but I guess it’s a step in the right direction.

  1. As much as I like Quicken, I will not purchase anything that does not have a price on it. The mailer, that I received unsolicited in the mail, told how wonderful their products were and how much the other products were, but very carefully avoided telling me how much this upgrade was going to cost me other than it would save me $20. They also mentioned free software, but the only software they described was “yours” for various prices. I don’t know how much I’m saving by not buying their upgrade but I’m sure it’s quite a bit more than the $20 they advertise.

  2. HeatherD

    Apparently if you are already a Quicken user you have no choice but to spend the money to upgrade to 20101. I just received a CD in the mail that says I have to upgrade or I will lose the ability to: 1) download financial data from my bank or other financial institutions 2) online bill pay 3) stock quotes 4) live technical support. I REALLY don’t like it when I am forced to spend money for a product I have already purchased. I have been happy as a clam with Quicken and wouldn’t have thought of changing to a different brand before, but from now on I will take the time to investigate every new financial software that comes out and I will consider changing. I find this practice dishonest.

    • Alfred, if you log back into your Quicken account, you should be able to download the program again. If you have trouble doing this, contact Quicken. I had the exact same issue, and was able to download the software again with no problem.

  3. DO I need to upgrade if I want to continue using the webconnect downloads? Although I like it, I agree with HeatherD that I dont like being coerced in “upgrading”. What are my alternatives? Thanks

    • Berniece, I should think the Deluxe version would work just fine. You could use Quicken’s rental property software, but for just one property, I don’t think it’s necessary. Good luck!

  4. Richard Martin

    I consider Quicken’s upgrade to be the software equivalent of extortion (obtaining “money, property or resources …. through coercion). all my finances are in Quicken, so I have no choice but to upgrade to 2010 to not only preserve past data in the same format, but to continue with future gathering and analysis. Intuit’s products are good, but I’ve already dropped Turbo Tax (I went to TaxAct and it’s just as good) and wish I could drop Quicken because of the total lack of support, and the ever increasing of prices of their software. Extortion it is!

  5. What a dishonest company. The support is terrible, and now I have to “upgrade” my 2006 Quicken to continue using the software? Several others on here used the word “extortion” and I agree. Shame on you Intuit and Quicken. This little blip in revenue will be far outweighed by the long term damage to your image.

  6. My XP computer crashed due to a bad virus, so I bought a new w.7 cpu. Trying to install my quicken 2006 and 2008 update cd has been a disaster. It wont open my backup file and I cant get it to start a new file either.
    Help sent me prompt advice. The only problem is they are 0 for 3 in getting it to work. I was thinking of groan getting Quicken 2010 but reading the reviews has scared me off. I have been a Quicken user for 10 years and hate all the new “unlock” requirements, extra charges for additional gimmicks, etc. BOO Quicken.

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