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Mint.jpg Being the type of guy that burns through money I jumped at the opportunity to review Mint. Mint is a finance tracking and budgeting platform much like Microsoft Money or Quicken. But the main difference is it is Online – if you don’t have a problem adding your banking information to Mint.com you can have access to a complete financial overview from any web browser.

Mint has been in Beta for about 3 months now and is showing somewhere in the neighborhood of 60,000 early adopters throwing in over 2 billion dollars of their hard earned accounts into Mint’s databases. 2 fricking billion dollars? That’s a lot of moolah”¦

I jumped right in, after thoroughly checking out the website and its history. I couldn’t just give my info to anyone – right? They have their security and safety information posted here (this should calm you down a bit). But, I was immediately impressed. It allowed me to add 2 Credit Cards and all my accounts from HSBC in 4 or 5 clicks. It has some 1500 institutions in its system so it can grab your transactions with ease.

Track all Bank Accounts from One Place

Now that my information was in the system Mint can give me a detailed analysis of where my duckets are going. Obviously there are some things that the program can not discern like all those cash withdrawals for your trees and late night escapades “¦ They will still show up as No Category. I think that is better for all of us – don’t you J. But your overview of all your accounts is DOPE. You can set low balance warnings per account and other alerts as well.

Mint : See Where Your Money Goes

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I noticed that Mint says it can save me money. I was extremely interested in how they were going to save me almost 2 grand a year”¦ Sadly enough the info behind this was WRONG. Mint thought my HSBC savings account was 0% interest when it is actually almost 5.3%. So that part was way off. But to be fair they are still in Beta. And if my accounts were not interest baring this could have been VERY helpful.

Mint : See How You Can Save Money

All right and now for some of its short comings. I have YEARS of back financial data and I could not import it into Mint. It would only take data from financial institutions directly. So for the security freaks and data mongers this isn’t for you. I also had issues with some of the description editing for transactions coming in. They cut off intuitive descriptions for crap that didn’t make much sense”¦To really use it as is I would need to create a gajillion renaming rules.

As I was finalizing my review I got an email from Mint letting me know that my AmEx bill was due in 14 days, the balances and due dates on all my accounts. That was DOPE. I like it even more now. I’m glad I got that in! AskTheAdmin gives Mint two thumbs up!

The big financial apps should take a few notes on what Mint is doing because if they don’t they are going to be out of business!

For some simpler expense trackers check out previously posted 15 Tools for Easy Expense Tracking and Budgeting 15 Cool Tools for Easy Expense Tracking and Budgeting 15 Cool Tools for Easy Expense Tracking and Budgeting Read More .

  1. Lubna
    October 26, 2009 at 1:35 am

    Try using Perfios (perfios.com) - i think its a cool personal finance mgt. s/w.

  2. Amit
    October 23, 2009 at 1:32 am

    I tried using Perfios recently, and boy is it good? its great - feature wise..but lacks the professional look. the site looked stable but they need to ask a usability guy to work on their look of the app. but all in all great for an Indian .

  3. courtney
    June 5, 2009 at 4:24 am

    Really nice and informative post.It helps users like us to choose our money management tool since the essence of money management has really increased.

    I don’t know much about mint as I use manageME7 for managing my finances. It helps:

    -to manage my day-to-day finances more conveniently
    -my husband can use this web based application anywhere, anytime while traveling.
    -I also get a chance to earn through its affiliate program

    May be you too found it interesting and end up writing a review so that others can also use it.

  4. ben hussey
    January 15, 2009 at 6:39 am

    I have tried mint and yodlee in the past but they did not acclimatize fully to my financial requirements.I am using manageME from the last 9 months and I am happy with its features and usability. Moreover a new enhanced version is coming at manageME7.com

  5. Melissa
    November 22, 2008 at 10:47 am

    Mint.com is the most informative and helpful financial planning site on the web today. Another site I really like is chillmybills.com.

  6. LoraStern
    October 14, 2008 at 5:00 am

    Check This: What are you doing if your Bank reset Mint connection to get Data ?
    What Mint does with your private informations ?

    It seems pretty unsafe....

    I recommand others solutions : Buxfer, Wesabe and Mybudget-online.com

  7. AskTheAdmin
    December 17, 2007 at 10:23 am

    @Sal - once your information is linked to your financial institutions you should be good to go. Did you try logging out and logging back in again?

    Did tech support ever get back to you? Are you listening Atish? Your users need you!

    Karl L. Gechlik
    http://www.askTheAdmin.com

  8. Sal
    December 17, 2007 at 7:25 am

    Kinda Dissapointing!

    After uploading all info from financial institutions, categorizing all transactions, all my info was lost! No reason was given as to why this happened other than the typical Web Browser blah, blah blah!

    The response from Mint after I asked for help was quick but "Automated".

    I'm sure Mint has worked for many, will work for more but has turned off a few!

    Great name and Color!

    • Aibek
      December 18, 2007 at 3:00 pm

      Still no reply from support team?

  9. AskTheAdmin
    December 16, 2007 at 1:20 pm

    @Atish - as you can see I am very happy with your service and I thank you for making it free!

  10. Daniel
    December 15, 2007 at 2:01 am

    Great review Aibek!

    I have mixed feelings about Mint now, but it's still way better than what I've seen and you're right, Banks should be contacting Mint and copying them. My internet bank is not bad, but it's about as user friendly as a duck billed platypus (I don't know where that comparison came from).

  11. Atish
    December 14, 2007 at 7:54 pm

    Awesome, I'm glad that you like the product! We are definitely working on getting better accuracy around interest rates. Alternatively, you can manually set your interest rates by going to the Accounts tab then clicking "edit." This will give a more accurate view on the Ways to Save page...
    Atish
    Mint Engineer

  12. Aibek
    December 14, 2007 at 7:11 pm

    By the way, Mint also came out as the winner of Techcrunch 40 conference where it was competing against 39 innovative web startups.

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