How to Manage Credit Cards Using Quicken

Credit cards can be a great tool, if you use them correctly. But when they're not properly managed, your debt can get out of hand. A great way to manage your credit cards is with Quicken. This easy to use software is used on your computer, and it can make a huge difference in your family budget.

Instructions

1. Organize all your receipts. All your receipts should be kept in an organized place until you can enter them in Quicken. Some people choose to keep all their receipts in an envelope to keep them from getting lost.

2. Enter your receipts into Quicken. If you frequently enter your receipts, this won't take you very long at all. Some people say they can do this in just a few minutes a day.

3. Track your expenses. When you enter each expense into Quicken, categorize the amount you spent. This will help you see exactly where your money goes, and it will tell you where you can cut back.

4. Manage all of your credit card accounts using Quicken. You should note which credit card goes with each expense, and keep a running total of your balance on each card. Quicken also has options to help you calculate monthly interest.

5. Compare your credit card statements with the information in Quicken. If it doesn't balance, conduct a line by line exam to see where the discrepancy is.

6. Pay your credit card debt once the credit card statement is reconciled. Tools available through Quicken software allow you to pay your bill online.