Quicken Budgeting Tutorial

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You've decided to put your finances in order, and you've got Quicken to help. Or maybe you've been using Quicken but you don't feel that you're using it to its full potential. Quicken does a lot, and below you'll find tutorials and tips that will help you get your budget set up and help you use your Quicken software better. If you're using an older version of Quicken or a mobile app version, you can find tutorials tailored to your particular software as well.

Create a Budget with Quicken

Quicken tutorial takes you step-by-step through creating a budget from scratch in Quicken. Use this tutorial if you are new to Quicken or have been using Quicken for less than a year. This tutorial covers creating your brand new budget without using the auto-budget feature, explaining how to set up a budget in Quicken from scratch with your own numbers.

Let Quicken Automatically Create a Budget for You

Quicken can automatically create a budget based on the transactions you already entered. If you've been using Quicken for a year or more, try the automatic budget feature. The automatic budget feature creates a simple budget reflecting your top five spending categories. 

Depending on your financial reporting needs and preferences, the new budget can be as simple or as detailed as you would like. The budgeting tool also makes it easy to adjust spending targets with one click on a bar graph so you don't need to go into the budget setup to make changes.

Excluding Transactions from Your Quicken Budget

Excluding one-time transactions in Quicken removes irregular expenses that can throw off budget reports—but use the feature for excluding transactions in Quicken carefully. One of the options during the Quicken automatic budget setup is to exclude one-time transactions, which generally are large transactions you make once and probably won't make again for a few years or longer.

Help with Income and Spending Categories for Your Budget

To create a budget and monitor budgeted expenses with financial software, you will need to categorize your financial transactions. You can find help with deciding which categories to use for your budget in Quicken and links to multiple articles that will guide you through the process.

How to Use Quicken Category Groups with Budgets

Category groups, known as Supercategories in earlier Quicken versions, give you another way of viewing or organizing your personal budget by defining sets of related income and expense categories.