10/26/2011

Quicken 2002 Deluxe Review

Quicken 2002 Deluxe
Average Reviews:

(More customer reviews)
I have used Quicken for many years and I've always liked the product. This version is a nice upgrade and is probably worth it for any Quicken owner to pick it up.
I also picked up Microsoft Money 2002 since it had a great rebate from the wholesale store. Money will convert Quicken 2001 files cleanly, so it was easy to compare the products. Microsoft Money is different, but equally capable for the most part. I recommend Microsoft Money to anyone who has not already become familiar with Quicken. Money seems to be easier to learn and use than Quicken. But if you are comfortable with Quicken, I don't see any real value in Money over Quicken to justify the learning curve.
WARNING!!! I recently had a minor problem with a corrupt quicken file which I corrected. It made me more consciences about running VALIDATE periodically. Before upgrading to Quicken 2002, I ran Validate and Super-Validate and no problems were found. After upgrading I ran Validate and Super-Validate again, with no problems. I went online to update my register and post payments and then I ran Validate once again. This time I had 167 errors. I don't know what it "fixed", but I got really nervous. I validated a second time, no problems. I went online again the next day, then validated again, and more errors were found. I hope that Quicken is just cleaning up some online garbage ... no apparent problems exist in my data ... just please run VALIDATE frequently to be extra safe, and run your backups too.
I also had a problem where I had duplicate scheduled payments in my Quicken schedule. I was able to identify which payments were legitimate and which were not, so I cleaned up that mess. This problem is addressed in the Quicken knowledgebase, albeit poorly addressed.
This makes three seperate data problems with Quicken. One with Quicken 2001 and two with Quicken 2002. All within the last two months. All three were caused by Quicken, so I am getting nervous about trusting this company with my data. I am running Validate frequently now and I recommend that you do too.
I like Quicken and I will continue to use it as long as I can continue to trust it with my data. I like the new features in this upgrade. Microsoft Money is a great product as well, but not worth the learning curve to switch. If you do buy or use Quicken, just be extra careful to validate your data frequently.

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Quicken 2002 Deluxe helps you manage the seven key areas of your finances: banking, investing, taxes, planning, spending and saving, loans, and insurance. It's packed with powerful features and enhancements that help you see the complete picture of your finances. Balance your checkbook easily. Reconcile your bank statement in minutes. See where your money is going using insightful reports and graphs about your spending, budget, net worth, and more. Write checks, print checks, or send payments online. Download your bank records, pay bills, and transfer funds with online banking. Quicken works with more than 1,700 banks, credit card institutions, and brokerage companies.
Track and analyze your investments, 401(k), and IRAs easily. Gain valuable insights and see how your portfolio is performing at a glance. Download the latest stocks and mutual funds right into Quicken. Even download your brokerage records to minimize data entry. Users also get a step-by-step life events planner to help them plan for and monitor financial goals such as retirement, college, a big vacation, or a new home.
Take advantage of tax tracking and planning tools to help you keep more money and ease the pain of tax time. Search for tax deductions or explore ways to minimize capital gains taxes. Cut preparation time by transferring your Quicken tax data into TurboTax software.

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