This is particularly interesting over time as you aggregate data in the system.ĭuring the last election we used Mint to help answer the question, “Are we financially better off than we were four years ago?” We simply used the trends function to look up our net worth over time. Disciplined savers can check if there is money left in the entertainment budget before heading to the theater with a quick peek at the Mint website or mobile app.Ī second useful tool is being able to examine income, spending and net worth trends. Users can create a budget based on their past spending or desired spending and Mint will help them track throughout each month on their overall progress and their progress in each category. One of the best tools that Mint offers is the budgeting tool. You can also manually change any entry or split it into multiple categories. While not perfect, the categorization is pretty good and gets better over time. If you have an expense at a Starbucks, the system will likely guess Coffee.
For example, if you use a debit or credit card at a gas station, it will categorize it as Gas & Fuel. For each expense to a linked account, Mint will attempt to categorize it into an expense category based on the data in its system. If you’re past the security fears, Mint is a very powerful tool for household budgeting, expense tracking and viewing of financial information. While no financial action could ever take place through Mint such as withdrawals or checks, even the viewing of a person’s financial data is a concern for many reasons. However,Īnyone that realizes they’re entering all their financial information in one place has to give pause to consider the possibility that there is an inherent risk with that. The Intuit acquisition also gives credibility to Mint’s security as Intuit has been successful with its TurboTax program. Mint’s security protocols are similar to a bank, so from a technical The primary concern for anyone using Mint or a similar service like Yodlee or Wasabe is security. Over the 4+ years we have used Mint, they’ve broken from time to time as banks have updated their websites, but generally speaking the integrations are good. The integrations are easy to set up and fairly consistent. Mint was even able to integrate with the local credit The foundation for is its integrations with a huge list of vendors - over 16,000 US financial institutions. For customers with multiple accounts with financial institutions, Mint is an incredibly useful tool for users to view and evaluate their financial situations.
#MINT COM VS YOU NEED A BUDGET FREE#
As a free service, Mint generates its revenue from “suggestions” which are thinly veiled advertisements for its partners. Acquired by Intuit in 2009, established itself as the standard bearer in the industry. is a free, web-based financial aggregation tool that allows users to view their financial information from many accounts in a flexible, user-friendly interface.
Is Mint secure to use? Is Mint safe and free? Is Legitimate & Safe App? Is Mint a Scam?Ģ022 review: Intuit finance, budgeting account pros and cons, complaints, and fees.
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