Why I Love Mint.com – And You Should Too

Posted by idawrites on January 26, 2010 in Budgeting, Finance, Money |

*This is not a compensated review.  I am a Mint.com user.*

How do I love Mint.com, let me count the ways…

For most people (not me) dealing with finances is a pain in the tush.  Very few people really enjoy checking up on their money every single day.  Mint is designed with both the number nerds and the “reconcile monthly because I need to” factions in mind.. and everyone in between.

Mint is NOT great for people who would rather bury their heads in the sand and ignore their finances.  But then, if that’s the kind of person you are, you’re probably NOT reading this blog.

What I really love about Mint:

  • It’s FREE!
  • I can add all of my accounts!
    • Checking Accounts
    • Savings Accounts
    • Student Loan through the Dept of Education (Not anymore because it’s paid off.. but it was!)
    • Auto Loan
    • Mortgage
    • Investment Accounts (401k in my case)
    • Credit Card Accounts (Don’t have one of these anymore either.  No credit card debt @ Momma’s house!)
  • I can view my entire budget at a glance, and it’s a BREEZE to set up
  • It’s simple to categorize my transactions – and the budget automatically updates based on those transactions
  • I can set up budget categories that roll over.  This is great for:
    • Quarterly expenses like trash pickup
    • Car repair funds
    • Home repair funds
    • Homeowner’s insurance and taxes
    • Car taxes and tags
    • Christmas fund
    • Lots of other things
  • The website calculates ways I can save money on my accounts or earn more money on my accounts and shows me financial products and services I may be interested in.  I have not used any of these yet, but since I don’t carry consumer debt and I’m not ready to invest yet, there’s not much reason for me to.
  • Mint calculates our net worth automatically and shows it on the home page
  • I get alerts when we go over budget in an area, or when a bill is due.
  • They have an App for that.  I can access my account from my iPhone.
  • I can see what my trends are and compare them with the national average.

I could go on… a LOT… but if you don’t have a Mint.com account, the bottom line is that you should.  You’ll have an easy to use, easy to track way to get a grip on your finances.  The best part is that it’s SECURE (did I mention FREE?) and available from anywhere you are.  All you have to do is log in.

What about you?  What’s your favorite budgeting service or software?  Why do you love it?


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