Quicken This!

Anhata's picture
Submitted by Anhata on Thu, 01/31/2008 - 5:43pm.

I've been slowly emerging from my funk this winter and one of the things that I now feel like I can cope with is our finances. DH had finally given up on trying to keep track of things when I would not enter my purchases in our old Quicken program. So when I got motivated to start keeping track again, we discovered that our program is too old, it wasn't supported/wouldn't download transactions anymore.

So, we bought the spanking new Quicken 2008 Premier and I've been setting up accounts, entering and downloading txs, reconciling, and stuff since Sunday.

DH, after some initial resistance/resentment ("why NOW, after I'd given up on you"), helped me last night, and we now know excactly how much money we have in each account, to the penny, a first for me in three years.

We also have the home loan and other financial data set up, for the first time, and I feel so together and with it, it's somewhat disorienting.

DH spent some time last night setting up more accounts for our other investing, property, and debt records, for which I am very thankful. Setting up investment accounts--it don't come easy for me.

Ever feel like you just woke up from a three year nap?

I'm chalking it up to the homeopathic care I've recieved lately. God bless Dr. Ananda. Having a clear head and mental and emotional energy and resilience--I'd forgotten what that was like.

For the first time in a long time I'm feeling empowered and powerful. Again, a bit disorienting!

Not all the time, mind you, I spent a good portion of yesterday trying to figure out why one account was off. That's one afternoon of my life I want back. Didn't figure it out until I finally convinced DH to let me reconcile (he was trying to troubleshoot in a very Martian manner), we found a missing tx, and voila! Perfecto. Hair pulling, teeth grinding episodes aside, I'm looking forward to keeping track of our finances in a responsible fashion this year!

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Jilsyt's picture

I'm in LOVE with Quicken, too!

Submitted by Jilsyt on Fri, 02/01/2008 - 5:37am.

The first few days of set up were, ummm...difficult, and I thought of taking it all back and saying, "NO WAY!" But that was a few years ago, and now, if I do online updates once a week, I can keep up to date in about 10 minutes each week. It's so nice to know exactly where we are financially, so we can make intelligent decisions in an efficient manner.

So, YAY!, Anhata, for getting it all put in, you won't regret it.

jennye's picture

I have always loved Quicken!

Submitted by jennye on Fri, 02/01/2008 - 9:01am.

I have always loved Quicken! I started using it in 1997 when we got our first computer. I currently use the 2000 Home and Business edition. I never did use the online thing. I know mine isn't supported online anymore, but since I didn't use it, I don't know the difference. We don't have any investments or stuff like that anyway, just a few loans (tractors, baler, swather, pickups) and a few credit cards (again, mostly farm ones, as well as major ones) and the checking account.

I love on the Home and Business that I can do invoices. Took a little bit of tweaking to get it to fit our business, but now I can bill for cutting jobs (by the acre) or baling jobs (by the bale) or hauling jobs (by the ton). I had tried Quickbooks but quickly realized it was WAY to much for our tiny little farm, especially since we have no employees for the payroll features and only one checking account for personal and the farm. When I had called quicken to tell them I made a mistake in purchasing quickbooks, they exchanged it with no problems for the H&B edition.

Anhata's picture

Feelin' the Quicken Luv

Submitted by Anhata on Fri, 02/01/2008 - 2:55pm.

DH figured out how to download the info for his 401(k), so I think all our financial matters are now in there! It's so cool.

I am in a "savings" mode--I have this compulsion to tuck away money into savings. I've even brought up to DH taking his stock options and moving them into a long term CD where they would earn interest and not vary in value according to the market. Haven't convinced him yet...

I applied for an online savings account with our bank, they can link them to checking accounts and I can manage everything from my command center at home.

Getting a handle on our finances feels very very good. Setting up a savings plan feels v v good, too. Knowing exactly what's where...ditto. I'm being realistic for the first time in a long time, and I know exactly what you mean Jilyst, about making sound decisions because you know what your finaces are.

I've started reading the "Start Late, Finish Rich" book and like what I've read so far. I got the audio book "Smart Couples Finish Rich" for DH and I to listen to together.

If they're as good as I think they'll be, I'll link them to TNH.
____________________

Of all the wonders of nature, a tree in summer is perhaps the most remarkable; with the possible exception of a moose singing "Embraceable You" in spats.

-- Woody Allen

Andrea's picture

Hey Anhata- Moving stock

Submitted by Andrea on Fri, 02/01/2008 - 7:34pm.

Hey Anhata-
Moving stock options into a CD? Would that really be better? I'm no expert, but I think you guys are young and maybe holding onto the stock would be better? Maybe I'm crazy.

Let us know how Quicken turns out - I should probably be doing something like that.
Andrea

http://blackcatchronicles1.blogspot.com/

Anhata's picture

I have a hard time with market fluctuations

Submitted by Anhata on Sun, 02/03/2008 - 9:49am.

DH's stock shares were worth $40 for several months a few years ago, now they are worth $24. I don't deal well with the market ups and downs. I would rather have money collecting interest in a CD, or even a high interest savings account and NOT have stocks with changing values every other day.

The last month has seen very squirrely stock prices with the collapse of the sub-prime mortgage market. Also, we're going into a recession. Add to that that world economists have been saying for a while that the US economy is heading for another crash, and I don't trust the stock market at all. I do not think that it will be the investment tool to my generation that it was to the ones before.

I still have to convince DH of this before anything changes, but having retirement hinge on the stock market seems like insanity to me.

____________________

Of all the wonders of nature, a tree in summer is perhaps the most remarkable; with the possible exception of a moose singing "Embraceable You" in spats.

-- Woody Allen

Jilsyt's picture

Starting Late...

Submitted by Jilsyt on Sat, 02/02/2008 - 6:19am.

Ohhhh, I'll have to read that book. I don't know what they mean by late, but with graduate school loans still overhead, I wonder when I'll get to sock away larger amounts of $$ for the retirement years. I've read a few good books on it, but not that one yet.

Anhata's picture

"By starting late, he means

Submitted by Anhata on Sun, 02/03/2008 - 9:47am.

"By starting late, he means people in their 40s, 50s, and even 60s who haven't started their savings/retirement plans, or if they have, they have not started them with resonable success.

DH and I are a little bit ahead becuase he has always had a 401(k) as a job benefit. But I do not have a retirement account and we have virtually nothing in savings. So I feel like we're going to be playing catch up for a while.
____________________

Of all the wonders of nature, a tree in summer is perhaps the most remarkable; with the possible exception of a moose singing "Embraceable You" in spats.

-- Woody Allen

Sparrow's picture

Oh yes, I know what you mean

Submitted by Sparrow on Sat, 02/02/2008 - 10:27am.

Oh yes, I know what you mean about the 3-year nap--that's how I felt when I started treatment for my thyroid problems. I never want to go back to feeling that way if I can help it. Not that everything's great now, but at least I can think and have some energy to deal with life!

My husband might argue with you about Quicken a little, though. We do use it and it is very helpful, but I periodically hear him swearing at it when it keeps changing things he's entering. Eye-wink

Anyway, good for you for getting going with it again! Smiling

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