Hi, Joe.
This question about backups comes up here at least once a year. Here's a copy'n'paste from a post I made here in 2003:
Perhaps some sample path\filenames would help to clarify all this.
When you start Quicken, it opens the default data file (actually a set of related files, as we've often discussed), which is \QuickenW\qdata.qdf (and related files, such as qdata.qsd, etc.). When you exit Quicken, it updates \QuickenW\qdata.* before Quicken closes. This copy is always absolutely current because it contains the very last entry you made.
Every third (by default) time you exit Quicken, it reminds you to backup. If you say yes, it puts the backup file(s) wherever you say, let's assume D:\QBak\qdata.qdf, etc. It overwrites the prior version of D:\QBak\qdata.*, unless you say No and provide a different filename. This backup is current as of that point, but it won't include entries after that point and before your next backup, of course.
Every week, without asking, Quicken also does its automatic backup, writing a set of files to \QuickenW\BACKUP\qdata1.qdf, etc. Before writing
*\qdata1.*, it first deletes qdata5.
*, etc. Then it renames qdata4.* to qdata5.
*; renames qdata3.* to qdata4.
*; qdata2.* to qdata3.
*; and qdata1.* to qdata2.
*. So, after the 5th week of this, you will always have qdata1.* through qdata5.* in your \QuickenW\BACKUP. None of these, of course, will have entries you've made after the times when those backups were made.
I've you've been using Quicken more than a couple of months, you should at all times have many backups, including at least THREE less-than-a-week-old copies of your file:
- \QuickenW\BACKUP\qdata1.qdf - the latest automatic backup;
- \D:\QBak\qdata.qdf - your latest voluntary (reminded?) backup; and
- your current, up-to-the-minute \QuickenW\qdata.qdf.
Actually, I seldom see a reminder to backup. That's probably because I usually backup at least once - and maybe several times - during each session. For example, I usually backup, after downloading today's quotes, again after each reconciliation, again after entering today's transactions... This over-cautious behavior is because of habits formed several years ago when disk errors were much more common than now and I often lost my last several minutes' input. Disk and other computer problems don't lose my data very often anymore, but old habits die hard, so I still backup several times a day. All it takes is -B, then Enter to accept my prior location as the default.
The system in Quicken 2006 is little changed from 2003. The option to automatically add the date as part of the filename has been added, but I never use that. Quicken Preferences invites confusion because the Backup preferences window's two lines actually apply to the two different kinds of backup. The "Remind after..." question is clear enough, but the next line sets the "Maximum number of backup copies" without making it clear that these are the automatic backups, not the "reminded" backups. The manual backup window also can be confusing unless we read it carefully.
As you may have noticed, the automatic backups happen weekly, starting with the day you install Quicken. (Or is it the day you create the .qdf file?) So if you install it on Friday, all your automatic backups will be dated on Fridays.
In addition to the automatic backups and my frequent manual backups to one specific location, I also like to make occasional backups to a second physical drive and to CDs, just like you. And, yes, most backups should be deleted from time to time. Keep only "milestone" backups and delete all the routine ones. But keep multiple copies - in different places - of the permanent ones.
RC