IDEA: Debt Reduction Planner (32 Legacy Votes)

Just Lurking

jacobs said:

As for being listed as a feature, I'm not seeing debt reduction planning listed anywhere on the web page of Quicken Mac features; where are you seeing that?

Check this out:

sunnmac4599

@Jacobs...while I appreciate you explaining things, lack of Debt Reduction in Quicken Mac is a NO for me. I signed up for subscription hoping to make use of Debt reduction feature and boy was I taken aback realizing there isn't one in Mac version...I switched from Windows so I knew it existed in Windows version.

Thanks and I will renew my subscription when this feature is included.

bbq_lover

I would absolutely use this feature. I was disappointed when I bought the Mac version and this tool was not included. It is essential for creating debt snowball types of plans for credit cards, etc.

jacobs

@bbq_lover  Adding your comment is useful, but you must also add your vote if this idea has any hope of gaining a place in the future development plans. Currently, it is marked "This idea is not currently on the Development roadmap.

If you would like to see this change implemented in Quicken, be sure to add your vote and comment explaining why this feature would be beneficial to you." To vote, go to the first page of this thread, and in the yellow box under the first post, click the little black arrow under the vote counter. This idea will need a lot more votes to budge the developers from their current position of not planning such a feature. 

sunnmac4599

I just voted and canceled my subscription, not necessarily in the same order! I will come back when this is implemented in Mac version. Bye now!

Russ

This would be a helpful feature. I'm currently doing this on an Excel spreadsheet. It's a shame that it hasn't been added to Quicken for Mac.

DTCorbin

Please ad the Debt Reduction Planner to Quicken for Mac Subscription. I used this feature in the Windows version and found it to be very beneficial and informative.

J. Holmes

Would love to see this feature come to fruition in Quicken Mac.  I have been waiting for this capability for many years.  I am currently paying a fee for a third party web-based application - https://app.debtpayoffplanner.com/

mikedaley

I have to run windows in a virtual machine to be able to use this feature. Please bring this feature to MAC. Please.

Quicken Kristina

Hello All,

The status of this Idea has been changed to Planned as it has been accepted by our Product and Development team for future implementation. Quicken's product development teams do not provide an estimate of when new/enhanced features will be completed and released.

Thank you!

Michanne

I'd also like to add vote for Debt Reduction Planner in the Mac version of Quicken. Currently I'm migrating all of my budgeting from an Excel spreadsheet to Quicken and would love to do the same for my debt snowball plan. That one also sits currently in it's own Excel spreadsheet (using a macro-heavy spreadsheet developed by someone that seems to no longer update the product). I won't be able to migrate that functionality off Excel because Quicken for Mac can't do it. Please, please please add Debt Reduction Planner to the roadmap!

George7164

I have been a longtime Quicken user (for decades when it came out in the early 80's) and then after a few years of them coming out with Quicken for Mac in the early 2000's, I finally got tired of the lack of parity between the Windows, Mac and Online products. I recently decided I'd give it another shot, hoping that after 20 years, they'd close the gap, so I got Quicken for Mac Classic/Premier. I am very disappointed that the planning tools I wanted most (i.e., Debt Reduction and Retirement planning) still seem to be missing. After hours of scanning the Community pages and FAQs for Debt Reduction Planning, I finally found this thread and saw that on Oct 2023 (~8 months ago) this idea finally moved from to "Planned" (?!?!) I understand that the Mac version team is understaffed and working on other priorities, but there seems no other insight into progress after that status change in 2023. So, at least the good news is the Marketing/Subscription comparison on the website has changed since August 2020 with an added asterisk (*) for this feature indicating in the footnotes that it is "Windows Only". So now it is only marginally less obfuscated that the feature isn't there. Also couldn't figure out how to "Vote" other than posting a comment….so why I decided to post. I want to be a believer and a fan of this product, but it has always felt (and still feels) like it is somewhere in some grey product management mode outside of active planning and more into maintenance-mode/End-of-Life….but forcing the mac buyer to read between the lines...or suggest they get the Windows version and run in a VM (maybe).

jacobs

Also couldn't figure out how to "Vote" other than posting a comment

@George7164 That's because once an Idea is changed to "Planned" status, voting is closed. No need to vote for an Idea they've already agreed to implement and have on their schedule.

As for progress, well, we never get progress reports. Some features are completed and released within 6-8 months of being marked "Planned" while others take a year or longer. A lot of planning features were moved to "Planned" status last fall, so it will probably take the rest of this year or into next year until all these features surface.

I certainly have a different view than you do of this being "maintenance mode" or "end of life"; roughly every two months, new features a released. While thye're not always ones of particular interest to me, I recognize that they are features other users have asked for. I think if you look at the Release Notes, it's easy to see they're continually adding new funcitonality. It's just slower than we would all wish it could be accomplished.

JuliaMS

I really appreciated the debt reduction tool, it kept me motivated and gave me a clear goal and timeline. I could change things and see clearly the comparison of snowball vs avalanche. I have use quicken since the 1980's thru many changes. Since recently switching to Mac I am very disappointed with the lack of features I was using constantly, this is just one. I sign on quicken every day. After decades of use I can now see no reason to keep subscribing to Quicken - it's not the program I have loved and depended on for so long. I will be researching a new program before my subscription renews.

jacobs

@JuliaMS For what it's worth, the Debt Reduction Planer (which this thread is about) has been marked as "Planned" by the Mac development team. That means it's not just a wish, but it has a spot on their development calendar; unfortunately, we never know when any of the Planned features will be released. I don't know how long you have until your subscription renews, but you might want to keep an eye on this.

If you can find another personal finance program which does everything you want, then your course is clear. I suspect you'll find that while there are other programs, they each have strengths and weaknesses/omissions, and finding a better-featured replacement for Quicken may prove difficult. (And you'll likely also need to leave your decades of data behind, as most other software can't import from Quicken's proprietary file formats.) Best wishes whatever you decide.