Intuit launches Quicken iPone app

Intuit launches Quicken iPone app

Intuit has added a free iPhone and iPod touch version of its Quicken personal finance tool to the Apple app store.

The application lets users track their spending "paycheck to paycheck" by syncing with the firm's free Quicken Online software to update balances from checking, savings, investment and loan accounts from over 8500 financial institutions.

Users can also enter cash transactions on their phone which are then updated in real-time with Quicken Online.

A "tilt and turn" spending forecasting tool provides a graphical view of how much money users can spend and still afford to pay the bills, flashing a warning if accounts look as though they may go overdrawn.

Meanwhile, a GPS-enabled ATM finder points users to their nearest cash machines and highlights those that don't charge a fee for use.

The new app comes on the heels of a similar iPhone tool launched by rival Wesabe last week. Mint also has an iPhone application.

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