If your money disappears quicker than Kim Kardashian’s diamonds, use the power of Mint to whip them into shape.
The modern, full-featured financial app you need
Don’t let life’s little surprises catch you unprepared.
Mint is a budget, bills, and finance tracker. If you’ve been left wondering where your money goes or can’t seem to get a handle on your spending, Mint could be the app you’ve been waiting for.
See the real state of your finances with bright visuals, smart categories, and spending trackers. Getting started with Mint is fast and almost painless. Just simply use your Intuit account to begin or sign up for an account with cross-platform access.
Beginning with Mint
To move the process along, you’ll need to connect your bank account. Any Internet-connected bank or credit union will quickly connect to this sleek app.
Instant financial updates make it a snap to view everything from your bank account to your credit card debt to your loans and investments.
The financial app does the heavy lifting. You don’t need to create these separate categories. It’s already built into the app and automatically sorted in real-time.
Using the Mint App doesn’t feel like work. Thanks to the high-security standards Intuit implements, it’s safe too. You don’t have to worry about your financial information falling into the wrong hands.
A good password is just the start. The app uses multi-factor authentication to add an extra layer of protection upon sign-in. If you set a passcode, and you should, you will need to tap it in each time you open the app or change windows. While it’s great to have the added layer of security, it does lose any sense of novelty.
Adding accounts is fast. If you know your sign-in information, you can tap on the institutions or perform a search. Once your accounts are connected, you can set your financial goal.
Get a detailed look at how you spend
What do you want from the app? Why are you budgeting your money? Add in the budget you want. You’ll find a host of categories and subcategories to further organize your spending and saving.
Choose among the main categories like Health and Fitness, Gifts and Donations, Food and Dining, Pets, Shopping, and Taxes to name a few. The Food and Dining category, for example, branches out into Alcohol and Bars, Coffee Shops, Fast Food, Groceries, and Restaurants.
Breaking down your categories further into subcategories aids the app in giving you a better picture of where your money goes and how you spend it. You don’t need to guess if you spent that $100 on groceries or at a restaurant.
It makes a difference when you play around with your budget to figure out how to divide where you’re spending. Groceries are a necessity, while the restaurant may not be a mandatory spend.
Mint provides the tools you need to visualize the state of your finances. Exceeding your budget? Mint lets you know. Get as detailed as you want to go.
Where can you run this program?
You can install the Mint app on Android 5.0 and up and on iOS 10.0 or later.
Is there a better alternative?
While you won’t find a shortage of apps promising to improve your spending and financial situation, not every app measures up. Some apps, like EveryDollar and YNAB (You Need a Budget) standout.
EveryDollar is from the organization behind debt-busting advocate Dave Ramsey. It’s another free financial tracker with paid upgrades. This app is different from Mint in that it complements a specific lifestyle, zero-based budgeting, where every dollar is assigned a category.
Your entire month of spending is planned a month ahead. Every cent you make has a purpose with this mobile planner.
Unlike the Mint app, you have to manually plug-in your transaction and, yes, it is as tedious as it sounds. The visuals aren’t as clear as they are with Mint, but for anyone using Ramsey’s budgeting, it is a nice go-between.
YNAB is also free, but this app doesn’t depend on a specific budgeting system. In the free version, you’ll need to (again) manually add in your transactions.
The outdated graphics aren’t anything worth raving about, but the real perk of YNAB is in its flexible budgeting. You control where your money goes.
Still, YNAB has a far bigger learning curve than with the other apps. But, its strength lies in its community and the slew of blog and video resources. Learn not only how to use the app, but how to change your financial habits.
Mint still pulls ahead in the race for financial app-tracking domination. The app takes the best parts of its competitors and successfully merges them into one.
Mint is a visually-attractive app living up to the hype. With custom options and automatic updates, it’s a freebie app perfect for the financially clueless and the financially savvy.
Should I download it?
Yes, you should download the Mint app. It’s free, simple to begin, and takes the guesswork out of financial tracking. With the ability to watch your credit score too, you can stay on top of your game.