Everything we spend ultimately ends up categorized in quicken.
Flexo found a definition of quicken fanatics and posted it his blog, here.
Unfortunately, I probably fall into that group (at least a little).
I am addicted to Quicken because:
- I like to manage my money tightly, keeping only enough cash in my operating accounts as necessary
- I like to know exactly what my expected cash flow is for the next 3 -4 months. This means I enter future transactions.
- I like to know exactly how much money I have.
- I like to know what I owe people.
- I like to see if I'm on track with my savings plan
In general, my wife think's I'm obsessive compulsive. I imagine the day I walk in a manner to precisely avoid the little cracks in the sidewalk will be the day she sends me to the doctor for the little white pills.
I suppose a good amount of my use with quicken is cashflow management. I enter scheduled transactions in advance and enter placeholder transactions for future spending; e.g. weekly groceries.
My biggest challenge and failure with Quicken is my categories. They've evolved over time and really need to be redone. Every time I budget, I find the categories unuseful. How would you get out of this situation?