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How to Set up an Automatic Budget in Quicken

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New Budget in Quicken 2012
How to get started with the automatic budget in Quicken 2012.

Quicken 2012 Automatic Budget Set up

Intuit / Screenshot by Shelley Elmblad
Quicken 2012 introduced a new budget tool that's easier to set up. 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 set up to make changes.

Create an Automatic Budget in Quicken 2012

The automatic budget feature in Quicken 2012 creates a simple budget reflecting your top five spending categories. You can add more categories to be tracked, and the budget can be fine tuned using the advanced budget feature. This tutorial focuses on creating an automatic budget, which is most useful for monitoring discretionary spending.

  1. To get into the budgeting features in Quicken 2012 click on the planning tab at the top of the page and look for the Budget Actions button on the upper right side of the window.
  2. Click on Budget Actions and you'll see different options for working with your budget.
  3. Start creating the automatic budget by clicking on Create new budget.
Have you upgraded to Quicken 2013? See How to Budget with Quicken 2013.

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