FYI: Money's Dead; Can Quicken Be Far Behind?

Posted by Andrew on June 11, 2009, 7:52 am

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John Pollard wrote:

> Andrew wrote:

>> John Pollard wrote:

>>> http://www.microsoft.com/money/default.mspx

>> re/",,,Can Quicken Be Far Behind?"

>> Gawd, I hope not. Quicken is my number one app I use on the

>> computer. I can't imagine going back to anything that doesn't have

>> the features that Q does.

>> Well, I suppose there will be some type of substitutes available

>> (line HOME editions of Quickbooks :-) ).

> Intuit at least sounds like it is trying to avoid Money's fate.

http://blogs.usatoday.com/technologylive/2009/06/microsoft-money-suddenly-canceled-after-18-years.html

Thanks for the pointer John - I like the last couple of paragraphs about
Quicken's perceived future. One big concern I have is that since MS is out
of the picture now, Q has no real competition on the desktop; not sure how
much that might have mattered in the past, but competition tends to drive
prices down and features up in an open market. Well, we'll see.
--
-------------------------------------------------------------
Regards -

- Andrew

Posted by Andrew DeFaria on June 12, 2009, 12:13 am

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Andrew wrote:
<blockquote id="mid_4a30f001_0_5923_607ed4bc_cv_net"
cite="mid:4a30f001$0$5923$607ed4bc@cv.net" type="cite">John Pollard
wrote: 
<blockquote id="StationeryCiteGenerated_1" type="cite">Andrew wrote: 
<blockquote id="StationeryCiteGenerated_2" type="cite">John Pollard
wrote: 
<blockquote id="StationeryCiteGenerated_3" type="cite"><a
class="moz-txt-link-freetext"
href="http://www.microsoft.com/money/default.mspx">http://www.microsoft.com/money/default.mspx</a> 
</blockquote>
</blockquote>
<blockquote id="StationeryCiteGenerated_4" type="cite">re/",,,Can
Quicken Be Far Behind?" 
 
Gawd, I hope not. Quicken is my number one app I use on the computer. I
can't imagine going back to anything that doesn't have the features
that Q does. Well, I suppose there will be some type of substitutes
available (line HOME editions of Quickbooks :-) ). 
</blockquote>
Intuit at least sounds like it is trying to avoid Money's fate. 
 
<a class="moz-txt-link-freetext"
href="http://blogs.usatoday.com/technologylive/2009/06/microsoft-money-suddenly-canceled-after-18-years.html">http://blogs.usatoday.com/technologylive/2009/06/microsoft-money-suddenly-canceled-after-18-years.html</a> 
</blockquote>
 
Thanks for the pointer John - I like the last couple of paragraphs
about Quicken's perceived future. One big concern I have is that since
MS is out of the picture now, Q has no real competition on the desktop;
not sure how much that might have mattered in the past, but competition
tends to drive prices down and features up in an open market. Well,
we'll see. 
</blockquote>
The competition is coming from banking web sites and web 2.0 which has
the potential to make Quicken pretty much obsolete. It's obsolete for
me now. I've gone all Linux now and was running Quicken in a VMWare
machine. I have vastly consolidated my finances since becoming debt
free (finally) and now do most of my banking with Wells Fargo. They
have a pretty good web site. Other than Wells Fargo I have a Vanguard
investment account (got rid of Fidelity and TD Waterhouse and Schwab,
etc.) I went from having 99 Quicken accounts to a core of around 10.
Not having many bills to pay anymore web banking now handles most of my
needs. And I use mint.com for my reporting needs which again are vastly
reduced. My final hold out was Home & Business where i used to
generate my invoicing when voila! I get an email from Wells Fargo and
they are providing invoicing now. So bye, bye Quicken! 
 
I know, it's not for everybody and there'll be many Quicken hold outs.
Trust me I was a Quicken weenie for a long time tracking my wallet
account and Pocket Quickening, etc. I let go. I gave up. My life's
simpler and better now and you know for the vast majority of people out
there - web banking's good enough for them. Intuit will always have
competition as will any legitimate business in a free market place. 
<div class="moz-signature">-- 
<a href="http://defaria.com">Andrew DeFaria</a> 
NEWS FLASH! This just in from the
Department of Redundancy Department ...
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Posted by R. C. White on June 11, 2009, 8:40 am

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Hi, John.

Thanks for the heads-up.

I agree with Andrew's comments and concerns. Those of us who have
complained about Quicken's "high" prices may soon have some higher prices to
gripe about. To me, Quicken's current prices are quite reasonable, but
without competition, they may soar. But, of course, Money has not been
serious competition for the last several years.

One sentence in the story doesn't sound exactly right:
"Intuit has produced Quicken for Windows for more than 25 years."

As I recall, Quicken is more than 25 years old, but the "for Windows"
version debuted in about 1991 - just after I started with Quicken for
MS-DOS.

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Using Quicken Deluxe 2009 and Windows Live Mail in Win7 x64)

> Andrew wrote:

>> John Pollard wrote:

>>> http://www.microsoft.com/money/default.mspx

>> re/",,,Can Quicken Be Far Behind?"

>> Gawd, I hope not. Quicken is my number one app I use on the

>> computer. I can't imagine going back to anything that doesn't have

>> the features that Q does.

>> Well, I suppose there will be some type of substitutes available

>> (line HOME editions of Quickbooks :-) ).

> Intuit at least sounds like it is trying to avoid Money's fate.

http://blogs.usatoday.com/technologylive/2009/06/microsoft-money-suddenly-canceled-after-18-years.html

> --

> John Pollard

Posted by Marty on June 11, 2009, 5:16 pm

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R. C. White wrote:

> Hi, John.

> Thanks for the heads-up.

> I agree with Andrew's comments and concerns. Those of us who have

> complained about Quicken's "high" prices may soon have some higher

> prices to gripe about. To me, Quicken's current prices are quite

> reasonable, but without competition, they may soar. But, of course,

> Money has not been serious competition for the last several years.

> One sentence in the story doesn't sound exactly right:

> "Intuit has produced Quicken for Windows for more than 25 years."

> As I recall, Quicken is more than 25 years old, but the "for Windows"

> version debuted in about 1991 - just after I started with Quicken for

> MS-DOS.

> RC

I wish I could remember when I first used Quicken for DOS. I vaguely
remember using another checkbook program but not when I started with
Quicken. Did some searching and found this link:
http://www.fundinguniverse.com/company-histories/Intuit-Inc-Company-History.html

Seems to give a good history of Intuit.

Posted by Robert Neville on June 11, 2009, 7:27 pm

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>I wish I could remember when I first used Quicken for DOS. I vaguely

>remember using another checkbook program but not when I started with

>Quicken

I started with DOS version of Managing Your Money, switched to Quicken when
Tobias quit the business. Hate to think when that was - probably in the early
80s.