Intuit Lowers Quicken Essentials Price, Promises More Features

| Product News

Intuit lowered the price of Quicken Essentials for the Mac from US$69.99 to $49.99 on Friday, and promised to implement new features in the personal financial management application by the end of the month.

New features planned for the end-of-month update include password protection for files and the ability to export transaction data to spreadsheets. Additional feature updates scheduled for later this year include the ability to export tax deductible expenses to tax filing applications, budget tracking, the ability to compare spending between time periods, and the ability to enter investment holdings from brokerage firms that don’t download to Quicken.

Quicken Essentials for the Mac was criticized when it was released for being feature poor, but apparently Intuit listened to customer complaints.

“We’re glad customers took it seriously when we asked for their feedback,” said Aaron Patzer, Intuit’s vice president of the Personal Finance Group. “These are the first in a series of changes we’re planning to ensure Quicken Essentials users have the tools they need to manage their money easily and affordably.”

Users that purchased Quicken Essentials for the Mac before April 19, 2010, are eligible for a $20 refund. The refund offer is good through May 21, 2010, and the request form is available at the Quicken Web site.

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Comments

geoduck

The price has been lowered from Ouch! to A Bit High, and they’ve added a promise of “Trust us we’re going to add features soon, really, we mean it”.

Sorry, too little too late. I’m using something else now and see no reason to switch back.

vpndev

Too little. Too late. I used to like Quicken but the product has s***ed for many years.

Having found alternatives, why would I ever want to go back onto their treadmill?

Substance

Got my wife off of MS Money (and the PC at the same time) but we were stuck when it came to finding a good Mac checking application.  She finally caved and bought Quicken and has hated it.  I’ve tried Cha-Ching and have not been impressed.

So what alternatives are Mac users using these days?

geoduck

MoneyDance for the last couple of months. We were able to export all of our previous Quicken data with little difficulty. It seems to do everything we need.
http://moneydance.com/

BurmaYank

So, it looks like only the 2nd and perhaps partially the 3rd (and maybe also a few of the 5th) of the deficiencies listed in John Martellaro’s In-Depth Review of Quicken Essentials/Mac version 1.3x (3/31/2010) of

“... some things that QE 1.3 cannot do:
1. It cannot print checks
2. It cannot export to TurboTax
3. There is no buy/sell detail for investments
4. There is no direct BillPay from within QE
5. Quicken Essentials does not include many of the advanced features in other versions of Quicken, including Business features, Rental Property, lifetime planner, cash flow forecast, spending plan, debt reduction plan, emergency tax records, tax planner, and home inventory manager.”

have been corrected or promised to be so.

?These are the first in a series of changes we?re planning to ensure Quicken Essentials users have the tools they need to manage their money easily and affordably.?

So, yes, “... apparently Intuit listened to customer complaints…”, but so far, it has only earned itself a “C” at best in that endeavor.  Keep up the good work, Intuit, as you head back to the drawing board.

aardman

So what alternatives are Mac users using these days?

The only thing that really works on a Mac, if your personal finances are complicated, is Fusion or Parallels, Windows, and Quicken for Windows.  It is not an inexpensive solution unless you already have virtual Windows set up.  I guess you can do it through Boot Camp but switching OSes is a pain.

freejak

After getting tired of being treated like a smelly street person by Intuit I looked and have tried a couple of alternatives.

Gave MoneyWell a try but it is wildly counter-intuitive and the creator has a ‘my way or the highway’ approach. “You want to know your checking account balance? Well, let me explain why you shouldn’t.” ??? If you want a really funky way to just monitor how you spend money, this is worth a try.

My pick, as another poster mentioned, is Moneydance. Quicken-like but a) it works b) it is updated regularly and c) discounts (up to ‘free’ in one case) are available when you version update. And it’s not from Intuit. Yes, they p*ssed me off enough that; “it’s not from Intuit” became a factor in my purchase decision.

Joe

I’m going to look at some of the alternatives, but I’m reasonably happy with my choice - Quicken 2006. It’s flawed, but not as bad as the alternatives.

Would I upgrade to Quicken Essentials - which deletes a huge number of key features and dumbs down the interface? Not at $69 and not at $49. Heck, not at $0.00.

If Quicken 2006 ever stops working because of an OS upgrade, I’ll deal with it then. I hope that Moneywell or one of the others has matured by then.

Dan Ashley in Chicago

I originally bought Quicken for Windows because it saved me time. I could write checks more quickly, and without investing a hunk more time I could balance my checkbook.

I switched to a Mac and bought Quicken for the Mac. I wrote checks on it for years, got reports, did my family budget and kept track of my tax deductible expenses. Nice.

Now this thing . . . Quicken Essentials . . . . is a real puzzler. A checkwriting program that won’t write checks. That just doesn’t make sense to me.

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