Quicken Online Adds Cash Tracking Feature to Help You Manage Cash Transactions

Quicken Online is improving. The online money management site just added a new feature to make tracking and managing your cash transactions easier.

The new feature is called My Wallet. With My Wallet, you can manually enter cash transactions in Quicken by providing such information as Payee, Transaction Amount, and Category, as you can see from the following screenshot. And if you are using iPhone, you can enter your transaction right from your phone so you won’t forget about it later.

Quicken Online cash tracking

Once a transaction is entered, it will be included in the monthly spending report, which you can view online under the Trend tab. The Trend analysis tool gives you detailed report on how you spent your money. You can either view your transactions by categories or group them by payees. With these information, you can easily make your budget based on your past spending and identify where you can cut back and save money.

Quicken online spending

This is a nice feature to have as people intend to use cash more these days after credit card companies increased interest rates on cards and lowered credit limits. However, many people may feel tracking cash transactions is difficult because of the lack of tool. That’s actually one of the reasons I avoid paying my purchases with cash. Now that you have this nice free tool from Quicken Online, there’s no excuse of not knowng where every your every dollar went :)

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This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

6 Responses to “Quicken Online Adds Cash Tracking Feature to Help You Manage Cash Transactions”

  1. Chelsea |  Feb 25, 2009 at 5:58 pm

    Hi Sun,

    Thanks again for talking about cash tracking with us today. A few days ago, Barron wrote a blog entry on cash tracking. Check it out if you’d like:

    http://twurl.nl/7jdmmg

    - Chelsea, Quicken Online

  2. Debt Reduction |  Mar 10, 2009 at 3:44 pm

    Good idea. I would have trouble keeping track of all my cash transactions. When I pay with cash I don’t want to write it down (or don’t have the discipline).