Intuit, the American software company that develops financial and tax preparation tools for small businesses, individuals, and accountants, finally lowered their subscription fee on Quicken Online. The Quicken Online is a web based financial service that competes with Mint, Yodlee, Buxfer, Wesabe and Geezeo. Intuit is still selling their DVD/CD version products—Quicken Series and TurboTax Series.

It used to cost $3 per month ($36/year) for a customer to use Quicken Online. I personally used this service for a while but realized that it didn’t worth $3 for me to use Quicken Online. Because I can easily find out other free online financial services.

I think this is a smart move fot Intuit. They can build their solid name online and then sell you TurboTax or Quicken Books later on. They just want to start a relationship with their customers.

What can Quicken Online do to help you?

You can put all your accounts together at Quicken Online with a single password. You don’t have to visit your online account at banks and credit card companies frequently to check your account activities. You can put all your checking, savings, PayPal and credit card accounts together all in one place at Quicken Online. You can check your account information with iPhone or BlackBerry since the account information is scheduled to be updated every night.

The most fantastic function of the Quicken Online is you can set bill reminders via text messages or e-mail to help you remember to make your payments. Thus you won’t miss a coming due payment!

Quicken Online automatically categorizes your expenses, so you can start seeing where your money is going. (Believe me, this function is not so good and no other online financial services are good.)

Use a financial can help you understand where your money goes and how you spend your money. You can plan your budget better later on. It’s a great way to learn how to manage your personal finance.