Deciding whether to subscribe and continue receiving periodic updates

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I've been using Quicken for decades, subscribing for as long as Quicken subscriptions have existed.

Quicken, as I now use it, does not provide us with any external or online data sources. I manually download and format all data that we use in our financial records.

It appears that the updates I periodically receive are new or updated features that I won't use, or repairs for problems that I haven't run into for years.

Considering my current useage of Quicken, is there any real benefit for me to continue subscribing to obtain updates every year?

Comments

  • Greg_the_Geek
    Greg_the_Geek SuperUser ✭✭✭✭✭
    edited April 2023
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    When you say you "manually download and format all data", what type of files are you importing? QFX or QIF?

    Quicken Subscription HBRP - Windows 10
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
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    Quicken, as I now use it, does not provide us with any external or online data sources. I manually download and format all data that we use in our financial records.

    What are you using with respect to Quicken ? Not sure what you are saying about manually downloading and format data…

    QWin - R54.16 - Win10

  • Bert Hyman
    Bert Hyman Member
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    I update the values of my investments every evening. I extract the data from the service that maintans my investments, generating a CSV file that Quicken can process through "File→File Import→Import security prices from CSV file …".

    Other data, like statements from the bank, credit card services and other sources, I re-format to be simple, like "date, name, value", using software that I manage myself.

    [I'm a retired software engineer with more time to play with computers than I know what to do with, so processing all of the data that I download from original sources is just a hobby.]

  • Greg_the_Geek
    Greg_the_Geek SuperUser ✭✭✭✭✭
    edited April 2023
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    If you use the QFX format, you won't be able to import data if your subscription expires. QIF formatted files will still import. Just be aware that there will be 2 large renewal notices on your screen if you let your subsctiption expire.

    Quicken Subscription HBRP - Windows 10
  • Bert Hyman
    Bert Hyman Member
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    The warning of "there will be 2 large renewal notices on your screen if you let your subsctiption expire" raises a question: Are those notices permanent, repeated, or one shot after the first time the subscription is skipped?

    [I don't use QXF for anything, nor QIF. Never have. Unless Quicken itself desides to use QXF for its own purpose, on its own.]

  • splasher
    splasher SuperUser ✭✭✭✭✭
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    Permanent, see this thread:

    https://community.quicken.com/discussion/7720791/quicken-inc-should-eliminate-or-minimize-the-large-advertising-space-used-when-subscription-expires/p1

    You might want to look at ImportQIF (free by QuicknPerlQiz) that will reformat .CSV/.QFX(depending on what is available from your FI) into .QIF files for import. It does its own version of duplicate elimination, renaming and categoriztion based on decisions that you make. The one downside to using it with 2018+ Quicken (subscription, active or expired) the .QIF are autoentered with no chance of review like you have with regular downloads, but that is due to a change made by Quicken.

    Regarding your reference to .QXF (X in the middle), that is the file format for converting from Win to Mac/Mac To Win.

    .QFX is the file that is downloaded from the FI's website manually.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

This discussion has been closed.