Software · head to head
Quicken vs Wallet
The short version
- Only Wallet has a free tier, so it costs nothing to try first.
- They diverge on capability: Quicken covers Budget creation, Wallet covers Expense tracking.
Where they differ
Only the attributes on which Quicken and Wallet actually diverge.
Identical on both: user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Quicken
- Budget creation
- Bill management
- Investment tracking
- Tax planning
- Investment accounts
- Credit cards
- Windows support
- Mac support
Only in Wallet
- Expense tracking
- Budget management
- Receipt scanning
- Financial analytics
- Web support
- Android support
Both cover
- Bank accounts
- IOS support
What people use each for
The jobs each tool is most often brought in to do.
Quicken
- Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Wallet
- Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Wallet
- Users preferring local data storage via Classic desktop editionsnot Wallet
Wallet
- Budget Managementnot Quicken
- Expense Trackingnot Quicken
- Investment Trackingnot Quicken
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Quicken
- Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
- Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)
Wallet
Nothing recorded yet. See the Wallet review.
Pricing, plan by plan
Quicken
$3.99/monthNo published plan breakdown. See the Quicken review.
Wallet
Free- FreeFree
- Expense tracking
- Basic budgets
- Premium$4.99/month
- Advanced analytics
- Custom categories
- Receipt scanning
Which should you pick?
Choose Quicken if
- You need budget creation.
- You work on Web, iOS, Android, Windows, macOS.
- You also want bill management.
Choose Wallet if
- You need expense tracking.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want budget management.
Questions people ask
- Is Quicken or Wallet better?
- Neither clearly leads. Quicken starts at $3.99/month and Wallet at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Quicken or Wallet?
- Wallet has a free tier; the other does not. Paid plans start at $3.99/month for Quicken and Free for Wallet.
- Does Quicken or Wallet run on more platforms?
- Quicken runs on Web, iOS, Android, Windows, macOS. Wallet runs on Web, IOS, Android.
- Can I use Wallet for free?
- Yes. Wallet has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
- What is Quicken best used for?
- Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Wallet is typically brought in for.
- What can Quicken do that Wallet cannot?
- Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Wallet covers Expense tracking, Budget management, Receipt scanning, Financial analytics. Both handle Bank accounts, IOS support.
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