Mint Review – Detailed Review of Mint.com Software Comments27 Comments

mint-software-review

Hey everyone, thanks for joining me for another review this week. I’ve talked about several resources and most of them are at least, well known in the finance community. But today, I’m going to talk about a personal finance software that has created an incredible buzz not just within the personal finance community, but around the globe.

So, what is it about Mint? Did they just pay tons of money in advertising to get the buzz going and surf the wake it’s created or, did they create something that makes people really want to talk about it? Find out in today’s, real life, honest, nothing held back review of Mint.com!

Mint Reviews Click here for more info about Mint or to sign up.

Mint Short Review

Mint Pros: Mint allows you to access all of your financial accounts in one place. It’s surprising how many companies they had to have partnered with to make this happen. They also give practical advice and insights on everything from your budgeting and spending habits to investing.

My favorite part though is that they don’t show crappy ads. Because they know so much about you, they are really able to only show ads that are interesting to you. Some may not like this concept, but you’re trusting them with your finances, you’ve gotta be able to trust their advertising practices too!

Mint Cons: Many people don’t like having everything in one place, using separate platforms allows some to concentrate more on some accounts and less on others. Also, for those who are not savvy to automation and detailed digital platforms, Mint can be a bit confusing at first.

Mint Overview: Mint isn’t perfect, no company is. But the way I look at it is this…1)It’s Free, 2)It’s Useful and 3)It’s free! Unless you are completely against automating your finances or are incredibly intimidated by automation, there’s no reason not to give it a shot! However, we haven’t even gotten into the juicy details yet, stay tuned for the long review for that…

Mint Long Review

As with any of my other reviews, I’ll start by going over price, Free! Okay, now that we got that out of the way, let’s get into the fun stuff! Mint.com is a great website and online personal finance software that allows you to track just about every piece of your financial life including debts, spending, net worth, investments, etc… Here are the neat tools they offer…

Investment Tracking – Most people that invest spread their investments out over several different companies. Having investments made in different platforms means having to remember different user names, passwords and other information. With Mint, you can check on all of them in one spot…now that’s pretty nifty!

Spending Tracking – Ever wonder, “Well, where did all my money go this month?”, Mint can answer that question for you. Truth be told, I’m doing this review as an outsider however, it’s this tracking that has me wanting to sign up. I’ll most likely do a post about the sign up process in Monday Money or on my blog. Either way stay tuned.

Now, where was I…Oh yea, it is so hard to track spending trends. Yes, we can go and create an excel spreadsheet and do the math, create the algorithms and update the sheet every day to ensure accuracy. Who has the time for all that. The math is done, algorithms created, all you need to do is log in and see where your spending habits can be improved! I love it!

Monitor Income Trends – For bloggers, business owners, people with a side hustle whatever it may be, income fluctuates and, it’s good to know when trends show higher dollars than last month or lower. Mint monitors your income trends and can help you to pick up on important patterns.

Notifications – When major things happen in your financial portfolio, Mint sends you email notifications to let you know what’s going on. Getting the information fast can help you to act fast and save or make money!

Security – Let’s face it, tracking spending requires access to credit cards and checking accounts. Tracking investments means access to investment accounts. Tracking income means that they now have 3 of the most important categories of information about you. THEY NEED TO BE SECURE! The good news is, they are! All data run through the site is done on secure https servers.

Who Should Use Mint?

In my opinion, everyone and their moms should be on Mint. It’s a great personal finance tracking software run by a trustworthy company on secure servers. Also, they get their money through targeted advertising so, their services are free! With all of these tools, those having hard times with debt can track their debts and spending to make important changes as necessary. The big time investor can track all of his or her investments in one place. The mom and pop shop can track their income and expenses…it really works for everyone!

Thanks For Reading!

I really appreciate you taking the time to read this article. Now, I’d like to get to know more about you! Have you ever tried Mint? If so, how do you like it? If not, how do you manage your finances?

Mint Review

Rating: 4.7 / 5
Mint.com ratingMint.com ratingMint.com ratingMint.com ratingMint.com rating

Mint.com Reviewed by Modest Money on .

Author Bio: This Mint review was written by Joshua Rodriguez, proud owner and founder of CNA Finance.com. Join the discussion with Joshua on Google+!

If you enjoyed this post, please consider subscribing to the RSS feed or you are welcome to leave a comment below.
This entry was posted in Financial Product Reviews, and tagged , , Comments27 Comments
By : Josh Rodriguez | 30 Aug 2013
Tweet this article :
Div line

27 thoughts on “Mint Review – Detailed Review of Mint.com Software

  1. Rita P @ Digital Spikes

    I am not a big fan of mint though I didn’t use it much but your reviews sounds it is good to go around, Thanks for sharing !!

    Reply
  2. Bob845

    I have to disagree with your review of Mint. I live in Canada and in order to use Mint, I have to give up all rights that I have thru PIPEDA and the Privacy Act just to use this “free” service. I can use a similar on-line budgeting tool offered by banks like BMO, or RBC and still have all the protection and privacy that is guaranteed by the federal govenment without having to sign away all my rights so that Mint can give me a service for “free”. Furthermore, what is Mint doing with all my information that I signed over to them for “free”? What guarantees do they give me as to what they will do with my information? “Free” indeed…

    Reply
  3. Christine @ ThePursuitofGreen

    I love mint! Been using it for years and it really simplifies all my finances. Since everything is all in one place all I have to do is log in once and see it all before me! It’s a bit crazy having to log into a bunch of different accounts. I also like how you can set budgets in there also.

    The worst thing about mint is the way they categorize purchases. About 10% of the transactions get categorized incorrectly. It’s the only thing I don’t like though! It’s a great service.

    Reply
    1. Joshua Rodriguez

      Hey Christine, thanks for your intuitive comment! It definitely simplifies the process of managing your finances. I’ve also heard about categorized purchase issues in the past but, I haven’t run into any myself. Thanks again for stopping by!

      Reply
    1. Joshua Rodriguez

      Hey Suburban Finance, thanks for stopping by. You’re not alone at all. I guess it all goes back to the different strokes for different folks idea. That’s why I’ll be publishing an article walking consumers through creating a budget spreadsheet on CNA on Tuesday. If you could email me some tips about why consumers should have a budget spreadsheet, I may use them in the post. My email is cnafinancehelp@gmail.com! See ya around.

      Reply
  4. Lindsay

    I think Mint has a lot of great qualities as you’ve stated in your review. I think it’s nice if you want to track purchases but I didn’t like using it as a budgeting tool. My purchases are often put in the wrong category and it’s a lot of editing for me. It’s also sometimes glitchy or the system didn’t get the data correctly and I’ve almost had a heart attack when I see a balance of $0.00 in my savings account. I’ve really liked YNAB (You Need A Budget) for budgeting. You have to enter transactions by hand, but I think it’s good to make that a painful process to raise awareness of what you are spending money on. So I think Mint is better for easy tracking whereas YNAB is better for actual budgeting (although I still use Mint just to easily check all my accounts at once).

    Reply
  5. Yuen Tuck

    Great review.

    Quite simply Mint is the standard of usability for any of us offering an online financial service. They might not have been first but they got the execution part exactly right.

    Reply
  6. Taynia || The Fiscal Flamingo

    I’ve not used Mint, but I know many who do and like it. I use Quicken for Mac, which I adore. It wasn’t free so it’s not an option for some. For me, though – as they say, if it ain’t broke, don’t fix it! Thanks for the review. Should Quicken ever “break”, Mint is next on my list.

    Reply
  7. Chad | The Stock Market and I

    I will be checking this out. I was just reading about it on another bloge. Since my bank has decided to “reformat” their bill pay section and wiped out all of my expense tracking and budgeting, I think I will be looking for a third party handle this.

    Reply
  8. Shobir @ Find Some Money

    My best feature of Mint is that it shows all your investment progress on one page. It’s really handy to analyze how each investment is doing compared to another. If a less riskier investment is performing better then I might consider pouring more money in. I really love this software and this is a great review. Thanks for sharing.

    Reply
  9. Sherri Lewis

    I opened an account a while back but never really utilized it….. I am really wanting something that can show me my budget and also help me figure out the best route to go to get debt-free. Unless I was just looking in the wrong area, it didn’t really seem to have what I was needing.

    Reply
  10. Meredith

    I’ve been using Mint.com for awhile now and it is so helpful with our budgeting. Not only does it show us our monthly budget, but I even setup text reminders for when some of our bills are due.

    Reply
  11. Apro

    I have been using mint.com a year after starting at college, and it has been a godsend. I have been able to track all my money, manage income from my jobs and it has prevented me from making unnecessary impulse buys. I have told all my friends about this and they love it too! A good way to start making smart habits.

    Reply
  12. Michelle S

    I’m glad there is a positive review about Mint.com and one of the main things I am skeptical about is having all my accounts logged in at one place makes it a big target for hackers.

    Reply
  13. Mortgage Free Mike

    I love it for my phone.
    I don’t like that you can’t create separate budgets for every month in advance. In other words, I have to wait until April 1 to do my April budget for categories that vary month to month… including income.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>