What Is Quicken Used For?

First released in 1984 by software company Intuit, Quicken is a personal finance software package. Quicken users can download account transactions and summaries directly from service providers; currently, there are five versions for a variety of consumers.

Function

Quicken is a personal finance software package and is used by individuals to record expenses, manage checking accounts and credit cards, maintain budgets, track investments and capture net worth.

Features

Quicken allows the user to connect directly to most banks, credit card companies and financial services companies to download account transactions and statements.

Versions

There are five versions of Quicken, listed from least expensive to least complex: Quicken Online, Deluxe, Premier, Home and Business, and Rental Property Manager.

Benefits

Quicken's website summarizes the goal of the software: "Maximize your money. Minimize the time spent managing it." With the ability to download account transactions and statements, Quicken removes the need to enter information manually.

Considerations

Quicken may not fit with every user's money management skills, interests and overall needs. Consumers should research products carefully prior to purchase.

Resources

• To learn more about versions of Quicken, visit Intuit's Quicken website.