Do you have a have a general idea of where you stand financially? Accompanied by a sinking feeling you’re spending more than you’re taking in? Quicken can help! By understanding how much money comes in and where it all goes—in other words, your cash flow—you can plan realistically and avoid the paycheck-to-paycheck struggle to make ends meet.
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How do I get started?
- Add your spending accounts.
To project your account balances and get an accurate picture of your cash flow, you’ll need to create accounts in Quicken for all of the real-world accounts you normally spend money from—most likely, your primary checking account and your credit cards.See Add an account to learn how. Create reminders for your recurring bills and income.
When you create a bill reminder, you enter the details of the bill and tell Quicken when to make the next payment, the amount due, and how often to make future payments. Do this for your income, too. Quicken will then have the information it needs to accurately project your account balances.
See Create a bill or income reminder to learn how. This step is the key to projecting cash flow. If you don't schedule your bills and income, you will not get a useful cash flow projection.Categorize your transactions
Categorizing your transactions allows you to easily create Quicken reports and graphs to answer questions like:How much am I spending a month on groceries?
How much do I receive each month in income?
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- Go to Reports menu → Banking → Cash Flow to create your cash flow report.