Re: How does Quicken work? what's the point of using it?
Reconciling, or balancing, your checkbook is a must, as other people have said. There are always a few things I've forgotten, or I transposed a number or something. And for me it's a lot easier to do it in Quicken than on paper.
What I like is being able to run reports to see where our money's going. Sometimes it's a real eye-opener.
I keep reading about people using cash envelopes, where they say they just stop buying groceries when the grocery money is gone. That's good as far as it goes, but what have they learned about grocery shopping that might help them the next month? Using Quicken, I was able to figure out that going to Aldi regularly helped me stay within my monthly budget. Someone who just spent cash til it was gone might resign themselves to eating ramen noodles and mac and cheese at the end of every month, or start to depend on a food bank. Knowledge is power.
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