Quicken's New Subscription Model - Your Quicken Data Will Be Read-Only If You Don't Pay Up

"Sherlock" wrote

The discussion headline was accurate until August 3rd when Quicken announced their change in policy:

851715#reply_18851715 ------------------------------------------------------------ As also noted in my August 20 post in this discussion.

plateau.eyes wrote

Quicken Inc recently announced a new subscription model. The subscription is for 1 year and the price point appears to be approximately 2.5 times what the current year versions sell for.

More concerning than the price increase is your Quicken data will become read-only if you fail to renew the subscription.

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As has already been noted in this discussion, important parts of some complaints regarding the new subscription model either were incorrect when posted, or have since become incorrect. The first of the above comments is just plain wrong for many, if not most, Quicken users. The second comment became untrue back in August 2017.

If you want to read more about the new subscription model in its current state, directly from the pen of Eric Dunn, Quicken's CEO, click on this link:

fwiw...

4 Quicken Alternatives ? Intuit Isn?t The Only Company That Does Personal Finance Software

I upgraded every two or three years.

For me it was more of a "what did they break this time?" type of thing.

On Sunday, February 12, 2017 at 2:53:52 PM UTC-5, snipped-for-privacy@gmail.com wrote :

is for 1 year and the price point appears to be approximately 2.5 times wh at the current year versions sell for.

read-only if you fail to renew the subscription.

f Quicken 2017 and, if nothing changes between now and the roll out of Quic ken 2018, it will likely be the model for US versions of Quicken.

er Questions here:

pens if your subscription expires:

, and export all of your financial data. You will never be blocked from acc essing your financial history. However, Quicken will switch to a reduced fu nctionality mode. In this mode, some features may be limited or unavailabl e. For example: ?You can open existing data files and see all your existing data

uding attachments.

stock quotes, online bill pay, bill linking, credit score, or mobile sync.

uld reverse its decision to change to a subscription that makes the user's data read-only if they stop paying, with a lengthy discussion on the topic. That discussion has been closed to further comments, but you can still vot e for the suggestion. Note - you will need to register for the forum to vot e.

ontact Quicken Inc CEO Eric Dunn, you can find the corporate headquarters a ddress and phone number here:

This is an easy decision for me. I have 2017 installed, and will keep it s o. I don't make much use of the cloud services, so that's not the issue -- but freezing my own data with no ability to edit or add is unsatisfactory. I will be looking for a product that will import my quicken data without taking hostages.

We've been through this several times already.

1. Unless you purchase the "Starter" product, you will always be able to edit your data.
2. You will not find another product that is capable of importing your quicken data without major errors.

I was concerned about the subscription model; and I gave up on Photoshop because I don't like doing business in this way. However for

2018 the Quicken subscription model is a nothingburger. It is the same product as 2017, with a price increase.

Unless you buy Starter. So stop buying it. Again: price increase for you, that's all.

stephen.wehrenberg wrote

" ... freezing my own data with no ability to edit or add is unsatisfactory".

In the future I suggest you pay more attention before you spout off.

It has already been made clear in this discussion, that NO such restriction will apply to the subscription model.

"Look before you leap"... what a concept!!!

Yet. Some apparently are pretty close.

I agree. I've also been a Quicken user since DOS but if they go thru with t his, I'll find a substitute. I won't be held hostage to my own data. I doub t I'm alone. The marketplace drives companies out of business every day and I suspect this move could put them on that path (at least for home users). There are substitutes and the upgrades in recent years haven't provided me any marginal value, only marginal cost. It's a good time to look elsewhere anyway. Quicken is living off its past already.

I also started with Quicken in the DOS days, and have used it consistently since, even grudgingly putting up with the 'time bombed' versions.

I realize that Quicken is no longer an Intuit product, but a lot of that st ill hangs on. I also used Turbotax since sometime in the 90's, but as they choose to strip features from lower versions and move them to more expensi ve versions I bailed 4 years ago on Turbotax and moved to H&R Block tax sof tware, and never looked back.

The market is ripe for someone to take on Quicken in a head-to-head market. I won't be "subscribing" to newer versions. I have Q17, so I've got unti l April 30, 2020 to decide on an alternative.

You will be disappointed. Quicken dominates a shrinking market. All the cool kids are using free, cloud-based solutions such as Mint. Like it or not, Quicken is all there is and all there is going to be. No one is going to invest in a shrinking market.

It appears that I am more of a Quicken Hostage than you, Sir Bosworth. I'll be damned if I will upload all of my financial info to a "free" service provider.

As posted previously, the days of consumer desktop/laptop financial management software has long passed and moved to mobile devices with subscription cloud based apps. We dinosaurs may not like it, but it's a reality. Many banks already offer dashboards that include linking accounts from other financial institutions.

In my own case, looking back on my behavior, Quicken is really a big data sink. Other than the occasional look for a historical transaction, I find I rarely use the budgeting tools or reports. The calculators are easily replaced by a quick Google search. The only thing I do look at semi-regularly are investment totals. I never used the linkage to TurboTax - prefer to enter the foundation numbers myself.