I’ve been using Quicken for a long time, and I’ve been complaining about it for nearly as long. (My earliest Quicken complaint on this blog is likely this one from 2004.) And, once in a while, I get frustrated enough with it that I start looking for alternatives. There were two things that happened recently that have got me interested in that again.
First, they’ve changed the name of the desktop product to Quicken Classic. Here’s a video where their CEO tries to explain that. The name change itself doesn’t really matter to me, but it makes me worry a bit that they’re de-emphasizing the desktop product even more than they already have. Their web product is called Simplifi, and it might be worth thinking about switching to that, but I’m not keen on that idea. I’m pretty sure I’d lose all my history and wouldn’t have nearly the same functionality I have with the desktop app.
The second thing that got me thinking about moving off Quicken again is some continuing issues with the link to my 401(k) account. I’ve searched the web and found a bunch of other people are also having trouble with Fidelity, which is the provider for the 401(k). In my case, the funds got pretty mixed up, so I deleted and re-created the account in Quicken. That got me a bit further, but there was still a weird thing going on where it looked like I had twice as much money in the account as I actually do. I might have fixed that now, but I won’t really know for sure until I sync the account again.
When I have trouble with Quicken, I start getting “the grass is greener on the other side” thoughts, but then if I stop myself, I realize that Quicken is still the biggest player out there, so if Quicken is having issues with Fidelity, then smaller players like Banktivity and MoneyDance probably are too.
Maybe it’s time to give up on this stuff entirely and just switch to keeping a summary spreadsheet, where I update some high-level numbers once a month.