Mint is a FREE online personal finance (web 2.0) service similar to Quicken. Mint was recently acquired by Inuit for a… mint. I decided to review Mint.com financial software to see what the buzz is about. For over two years now, I’ve taken mint.com for a test spin with my personal finances. With Mint you have no local software to install, and is a service you can access with any web browser or mobile device.
From MS DOS, I’ve since moved up the evolutionary operating system food chain to Quicken for Windows. I now run it in a VMware Fusion instance on my Apple OS X computer.
For the non-geeks out there, I do this because Intuit’s Macintosh version isn’t worth using. Let me be clear about this, Quicken for OS X has always been the bastard child. I won’t even consider it an option for managing my finances, for the many reasons mentioned by commentators on Amazon’s site.
Using Mint
Mint was a breeze to initially sign up, and add accounts. I picked 10 accounts, a mixture of banking, credit cards, loans, and investing. All accounts seamlessly downloaded my online data. Every time I revisit their web site my financial data gets updated automatically.
Using Mint on Mobile Devices
Mint offers access to your financial data via their web site, but by your favorite mobile device. They have mobile apps for Apple’s iPhone, Google’s Android, and recently added iPad support. This allow for quick and easy access to your finances on the go. You’ll need to sign up for an account on mint.com first, before you can use the app.
mint.com Apple iPad screenshot
How Does Mint.com Make Money?
The service is free to use, and there are no hidden fees. You might be asking, “How does Mint make money from this free service?” Mint makes their money by offering ways to help save, or make you money by recommending various financial services.
Mint.com service seems to be more focused on catering to the masses. It appears very strong on the budgeting, and tracking expenses. Its investing area, seems somewhat simplistic. Like most of Mint, it is much simpler than Quicken and lacks its many features.
With the acquisition of Mint by Intuit, it’s obvious this is the future of the Quicken product line. Intuit’s current online version of Quicken was not much of a success, and I assume it’s the reason why they purchased Mint. In addition, Microsoft discontinued Money so there aren’t many other games in town.
Great Features in Mint
- Weekly summaries via Email
- Alerts via Email or SMS page. Mint will alert on pending bills, and ways to save money on transaction fees.
- Mobile access via the FREE iPod Touch, iPhone and iPad version. It provides you with a great snapshot of your finances.
- Automatic download of account transactions
Issues with Mint
- Lack of advanced features (though they are catering more to lower end users). Their investing section is OK at best.
- Security. I understand their security setup. What concerns me is the centralization of so much data by itself. This can be very useful for a hacker. You can’t write checks or purchase stock, but that’s not the issue I’m concerned about. It’s the disclosure of any financial information in one central location.
- Backups. With many web 2.0 services, you are relying on them to perform proper backups. While in this case no critical data can be lost (account data is stored with the bank), but setup of categories, alerts are stored with Mint.
- Assignments to income/expense categories are not always correct, and sometimes-manual intervention is needed.
Is Mint Secure?
I think locally installed applications like Quicken are going the way of the Dodo bird. I know, call me old fashion, but I like having all of my data locally within Quicken. I do think a hybrid, of local and remote application (cloud based) like Mint.com is the future of this industry.
Since I’m in the technology industry and deal with security all the time, I know the risks of leaving security to a third party. Mind you, I’m not saying Mint is insecure. In many cases an individual’s desktop computer is much less secure. Of course for Mint the perception of security is their biggest adoption road block.
While I use Quicken as our primary method to manage our finances, I have also outgrown Quicken. Recently, I’ve been creating Microsoft Excel spreadsheets for managing parts of my portfolio. Specifically I manage our precious metals, and security bucket (which is primarily fixed income). Quicken, or any other application for that matter, do not seem to have tools to help manage these areas of your finance. To manage these assets, I wind up transferring the total amount into a Quicken account.
Summary
Mint is great for creating, and tracking your budget. It’s great you can get alerts via Email to ensure timely bill payments. It’s unfortunate that Mint’s investing area is very weak for all of but the basic investors. Mint unfortunately does not have many of the great features Morningstar has tools create a balanced portfolio. While Morningstar’s service is great (I use the service myself), it charges a yearly subscription fee. It might be possible for Mint to figure out a way to offer the same services for FREE. For me, I’ll continue to use Mint for its basic budgeting features. Since Mint.com does not cost anything to use, you might as well signup and give it a spin.
Surprisingly, nobody has left a comment here.
I love mint.com. I use it daily. Although it was meant to be a budgeting tool, I used it to track my expenses and understand where my money goes. The flexibility to run pie charts for monthly, quarterly and yearly spending reports is awesome.
Another feature I like is to compare your spending with any city in the US it tracks. I learned my city has one of the higest drinking spending. No wonder we have so many drunk kids around here. LOL…
I recently installed the free iPhone version. It's alright, not great, but still useful.
I like the iPhone/iPod Touch version, BUT I have a Verizon Droid phone. I wish they would come out with an app for that platform… Sigh.
What about reconciling banks statements. Can this be done with mint?
Hi Alan,
Mint does not support reconciling at the moment.
http://satisfaction.mint.com/mint/topics/ability_to_flag_transactions_as_reconciled
http://satisfaction.mint.com/mint/topics/add_true_reconciliation_function_to_mint
I agree with you that I prefer to take care of my own security. I think Quicken still stores your login information on its servers. I haven’t confirmed this though.
Hi John,
Its been said the most secure computer is turned off and locked in a safe.
In my business I deal with Internet security all the time. With that said I feel more secure with my data since I can deal with the ‘knowns’ and potential access points
With Mint (and any financial institution for that matter) there are many layers of unknowns. This isn’t saying Mint isn’t secure either. Using Quicken potentially has less access points. Though many unknowable users have compromised desktops and could be better off not keeping their data local.
tbh, mint.com is probably more than secure than 80% of users desktops. We are talking about a lot of liability here. You think Intuit acquired this company without putting a lot of money in the backend security??? It’s absurd to even suggest that. I work for a social-networking site of only around 2 million users, and you should see the amount of resources we put into security.
dP, it’s not the amount of time or money that’s the issue. A site is only as secure in it’s weakest link. As a security professional we have to be correct 100%, a hacker it only takes once.
Again this isn’t stating mint.com isn’t secure. I also use mint, though I would rather deal with knowns with my setup. With any cloud based solution it’s a black box to the end user. So you have no idea how much security (or not) is going into that service.
Keep in mind the many recent break-ins to Fortune 500 companies services. These companies also spent a lot of money on security. The RSA getting hacked is a good example.
Does the iPhone version of mint sync with the desktop one?
Hi Susan, If you are referring to mint.com there is nothing to sync. The iphone gets it’s data from the web site. The web site gets it’s data from the banks. There is no desktop app.
I was a big fan of Quicken Online. As I began the forced transition to Mint.com, I already noticed significant differences that I considered big failings. Mint.com’s screens allow NO customization (columns, views, etc.). QO was able to show you form the overall transaction screen what account each transaction was under–Mint.com only allows you to do this when you select account by account.
Mint.com also has a problem with duplications–I ended up with **5** different occurrences of my main checking account, completely throwing off my balances and requiring me to spend HOURS marking duplicate transactions. I am about to discontinue using because of this–my last transaction from my ORIGINAL instance of my primary checking account stopped getting updated over a MONTH ago.
Also, my 401(k) (via Hartford) and my Mellon ISD accounts lost the ability to log in via Mint and they are completely out of date. I have asked Mint support about these, but they have yet to fix. I understand this is a free service, but it has failed to be useful. Since I do not receive paper statements on any of my accounts, this means I now have to go back and make sure I have pdfs or downloads of all my transactions
I was hoping I could continue to use Mint to consolidate everything, but I can no longer rely on it.
Good review article. I am another long term Quicken user looking for a program to use on a cell phone that works as well. What other program would you recommend that has a good investment management system. Good or better than Quicken—I can see mint won’t do the job for us.
Important to us now as we are going to get an iPhone or Android based phone in the next month.
Hi Bob,
In many cases you are best to use your broker app. I discuss some of them here:
http://investorjunkie.com/6515/iphone-ipad-financial-apps/
also use the search option at the top for other brokers that a smartphone app. Most discount brokers have an app
@InvestorJunkie – I too remember the early days of Quicken and it’s amazing how far personal finance software has come in the last couple of decades. What is equally amazing is how much further it needs to go in order to accommodate the varying levels of consumer needs. Mint was launched as a quick and easy budget tracking and categorization tool with a truly genius mechanism for categorizing expenses. This was the game changer as prior to Mint, the personal finance software space was relatively dead. Since then, they’ve bolted on some neat tools, but it remains, by and large, budgeting and tracking software.
As Mint continues to sign up new users at a rate in the tens of thousands each week, I think, as you point out, the trend toward web apps over desktop apps is here to stay. Certainly security is always a concern, but there’s no such thing as 100% secure. The best answer to the uncertainty of having accounts hacked is continual, regular monitoring – something that services like Quicken, Mint, and others make very easy and convenient.
You mentioned that you use Morningstar, and I assume this is the retail version available at Morningstar.com. If you’re looking for more advanced features, your best bet is to purchase their advisor workstation product that runs around $2,500 to $6,000/year. A big price tag, but the features are exponentially more robust (yes, account aggregation is available through non-consumer facing providers and seems to work better). Whether or not that kind of data will ever be free is hard to say, but I can tell you from conversations I’ve had with Morningstar that it’s unlikely to happen anytime soon as they control the lion’s share of that market and it would be extremely difficult to re-create their data and analytics.
Also, I’d like to ask you a question. Why do categories matter in budgeting? We’re working on our second version (1st one was a stinker) that we’ll release next month and are intentionally staying away from categories because we don’t see value in tracking them. Could you give some perspective on this?
Hi Michael,
Morningstar Advisor workstation? I’ll have to look into that. I was actually thinking a Bloomberg terminal.
Categories? For reporting and accuracy of budgeting. Especially that they are automatically done for you.
If you’re more into trading, the Bloomberg terminal is hard to beat. I would say Morningstar’s Advisor Workstation is more for reviewing and optimizing portfolios than for day-to-day trading. Either way, there is something to be said for paying significant sums for data and analytics once your portfolio reaches a certain size.
Our family has been test driving Mint.com for about 18 months. We have two small businesses accounts, a personal checking , savings and investment account we enrolled in Mint.com. Your review was dead on, with a couple exceptions.
-Lack of report generation. The only way to generate anything is to export to Excel, then a few of the manual categories did not come over cleanly. Why make personal financial data collection so easy, if there is no way to report it. We have taxes to prepare and questions about our finances… The State and Federal IRS agencies like their forms filled out just so or they fine you.
- Inability to reconcile is a deal breaker to any business and most individuals. We only generate ~$400K revenue a year, but accurate reporting is the foundation of accounting and business.
- Absolutly no support, other than forums.
Mint.com is great for the high school or college kid at an entry level, but for the average family or small business it is lacking. I expected more when Quicken purchased Mint.com….
Hi Jim,
thanks for your comments. Keep in mind, Mint.com hasn’t changed much since it was acquired by Inuit. Quicken Online was MUCH worse than Mint in terms of features. I suspect Mint will grow and add more features over time. For now, it’s good as a budgeting tool.
@Jim – Since Aaron Patzer (Mint.com’s founder) moved over, he’s been working on QuickBooks more so than Mint (http://www.kiplinger.com/magazine/archives/mintcom-aaron-patzer.html). Intuit is first and foremost a tax and bookkeeping software company as this is where the majority of the firm’s revenues are derived. Patzer developed a better mechanism for categorizing transactions than Intuit had been able to create (even with an estimated $660 million/year R&D budget), but it was designed for the average consumer, non-business owner, non-high net worth, non-financial planner client. As a result, the $170 million purchase of Mint was to acquire the categorization technology and it’s brain trust – Patzer and company.
Rightly or wrongly, improved categorization within QuickBooks is a great first step as the target demographic for Mint versus QuickBooks is vastly different. There is much more money to be made by alleviating bookkeeping headaches (and headcount) for businesses rather than improving an ad-/product-supported personal finance service like Mint.
Excellent review. Thank you for putting it together. I’m was a long time user of Microsoft Money. In fact, when I made the switch to OSX I too invested in Fusion to maintain my use of Money. I was saddened by Microsoft’s exit from the market but also saw some opportunity to choose a new option. I reviewed tens of different options including Mint, Quicken for Mac (a steaming pile of dung – I agree with you), Moneydance, iBank, Cha-Ching, Liquid Ledger, MoneyWell, … and several others. What I found was that, except for iBank and Moneydance, all excelled at one thing but were woefully inadequate for completing against Quicken for Windows. Moneydance was impressive.. boasting features that rival Quicken for W but I found the interface clunky and not, shall I say, Mac-esk? I ultimately decided to go with iBank because of its clean interface. I also decided that I could live without bill pay. I have since come to regret that decision. The most recent release, iBank4, shows that iggsoft is more interested in a flashy looking application than they are in making something that is efficient and stable. When looking for my personal finance solution of choice, I had also looked at several online solutions including Mint, Mvelopes, Yodlee, and others. I found that the online solutions were becoming pretty amazing but I still worried about security. Plus, Intuit had just purchased Mint and its future was cloudy. Since then they have continued to shore up several of the features that made me baulk at mint (lack of custom categories, not splitting, etc). I think the biggest thing for me was how I couldn’t upload my years of data.
So… I’m back at it again.. Finding a possible replacement for my personal finance software (this time iBank). This time I have decided to do a little more soul searching. Do I really need to track my history (beyond, say a year)? Do I really need 50+ categories? Why do I put myself through two hours+ per week to track every nickel and dime of my accounts?
I’m drawing a bit of a blank on this. I think that this software definitely plays to my OCD tendancies, but what I like about Mint is that it does not focus on my OCD. Instead it looks at the crucial money management problems: taxation, basic budgeting, bill paying, and “real-time” tracking and alerting. It’s goal is to save time. Still, I’m sure I’ll find myself hunkering down in front of iBank tracking every nickel and dime of my money. Is there any help for someone like me?
Hi Brian,
Thanks for your info. I can’t speak for iBank as I didn’t consider it an option.
Thanks for the great review on Mint. I am really new at online or offline budget software – I am the worst when it comes to finances. I pay my bills on time, my credit is ok but what I am looking for is a program that will tell me what to pay first, how much to pay and then what to do with what is leftover – if anything.
I am currently working two jobs, I have a lot of cc debt and I need guidance. I am too embarrassed to ask for help face to face with an advisor and I really can’t afford to pay fees.
What software program is best for me?
Help!!!
Hi Aimee,
Mint sounds like it’s the best for your situation.
I have spent a lot of time setting up and trying to use Mint.com. It has the potential to be a great site and helpful to many but I had nothing but problems. The site is based on the ability to load your bank account and others accounts to the site and see an overall view and set a budget. The site continues to have problems in downloading my bank accounts balances and charges. I send a error report and complaint about the problem and they reset the link and it works for a day or so. Then it will not update again. It has been an on going problem that they don’t seem to be able to fix or care about. Every time I have the problem I check directly my bank account online and there is never a problem but for so reason Mint.com gets locked out or something and can’t keep my account up to date. So, when I want to check and use Mint.com it is not up to date and it takes hours if not a day to get it fixed. I have lost count on the number of times I have complained about this and nothing changes. So, what should be and could be a very valuable site to many, has been nothing but a pain. Just a word of caution, that if you want to spend a good bit of time setting up your Mint.com file, be aware it may not work very well at all. I am throwing in the towel and giving this site a failing grade. Don’t have time to continue to chase it. JUST BEWARE!!!!!
Account aggregation underpins everything we do at TodayForward, and I can understand your frustration with the technology and its provider. We, like Mint, are not immune to shortcomings in this arena. Until banks begin using more uniform security and data structures, this problem will persist. In addition, with each security upgrade that institutions install, the chances of having a broken feed for a period of time increase substantially. HOPEFULLY, the increasing demand for account aggregation will force financial institutions into doing a better job in working with aggregation service providers.
That’s all find and good but doesn’t mean a whole lot to me. All I know is that Mint.com states it can and will do something but can’t deliver consistently. I appreciate the problems, even if I don’t understand them, but Mint.com, if what I understand you to say, can’t deliver what they are trying to provide, as it stands today. So regardless, I find Mint.com a useless website that can’t provide what I need and more trouble to use than it is worth. Maybe one day, but not now.
One other comment or thought. If mint.com has my username and password, the same one I use to access my online bank account, then why do I not have any problem in getting online, at anytime, with my bank account but mint.com can’t. That does not make sense to me at all. Unless I am missing something, there should not be a difference in me going directly to my online bank account or going through mint.com to get my banking update.
You’re right, if the downloads aren’t working, it is without question, useless.
As to your second comment, just because an account aggregation provider has access to your secured account information, it doesn’t necessarily mean the data can be properly downloaded to the account aggregation provider’s database. The reasons for this vary greatly, but data is essentially transferred between the institution and the aggregator in one of two ways – custom mapping and screen-scraping.
With custom mapping, the institution provides naming conventions to the aggregator. By doing so, the aggregator can say, “go fetch transactions as labeled by XXYYZZhhYY77″. The data is received and then stored on the aggregator’s database with a different name like HHEEQQ88ddFR. In essence, each database has its own naming structures for all of the data it stores. Custom mapping allows the data to flow seemlessly between the two databases.
Screen-scraping is more widely used by companies because it is far less costly than custom mapping. With screen-scraping, the aggregator scans the pages available from your financial institution and then downloads the data. The problem – as you can imagine – is when an institution changes its website design or layout. This can corrupt the data being received by the aggregator as the screen-scraping algorithm may not account for some of the changes.
IF all financial institutions used the same naming conventions (kind of like if everyone spoke a single language), the vast majority of problems with account aggregation downloads would be eliminated. Of course, that’s not going to happen anytime soon:)
BTW, Mint used Yodlee prior to its acquisition by Intuit. Intuit has spent tens of millions in developing its own aggregation platform and I can only guess that Mint will eventually use this platform (if it isn’t already). I would be surprised if Intuit can’t get this fixed sometime in the future. The have an annual R&D budget of $660 million at last check, so I’m sure there are a few dollars in there to track down this issue – if they choose to do so.
So, Is there are site that will handle this on a consistent basis? Living on a very limited retirement budget and with the economy, we are like many that are in need of a very reliable way to track our budget, investments, savings, etc. It has been three days since I last sent in error message to Mint.com and no response and no fix. I still can’t download my bank account. I am beginning to believe their customer service is lacking also. So, for those that are looking to use Mint.com, please think twice. It takes time to set up and you have to expose your financial life, to just find out it does not do what they say. I guess when you expect something for nothing, that is what you get. If anyone has advise as to another site or software that will do a good job in tracking budgets and is secure please let me and others know.
The only guarantee is paper and pencil when it comes to budgeting. While technology solutions can add an enormous amount of benefit, they come with their own set of problems. My best advice is to find a provider that works really well with your financial institution and still offers some of the bells and whistles that attracted you to Mint.
Here are some alternatives:
http://quicken.com
http://yodlee.com
http://youneedabudget.com
http://pearbudget.com
http://pageonce.com
http://pocketsmith.com
Sadly, I confess that i use my profile on mint as my ultimate source of financial management ;(. I really need to get more secure, and use quicken, which happens to be the same developers of mint, a company that has a long history safeguarding extremely sensitive financial data. But it still seems scary, but again, Mint doesn’t attach your name to your financial data. Lastly, and perhaps most importantly, Mint.com doesn’t allow users to transfer money. So even if crooks got your Mint password, they could only see what you have and not directly steal it. But still… I really shouldn’t use it, just in case XD
Longtime Mint user here. The combined accounts and alerts are the main features I like… The investing section is horrid. there is a real opportunity for a competitor here.
I don’t think they are targeting that audience though. Quicken is still the best IMHO and even then it needs improvement for investors.
I use mint.com all the time. I find it very convenient to pay my bills, although almost all of my bills are paid automatically, it is still nice for the ones that aren’t.
I’ve heard Mint is pretty good although I haven’t tried it myself. I like the graph in the pic that you included. Security is one of my concerns for not having signed up but nothing is completely secure these days so I’m sure the benefits are worth the risk. In the meantime I track all my stuff in spreadsheets which works pretty well it’s just a manual process. -Sydney
Something I would like to know is whether any of the alternatives to Mint do account aggregation from the outside-in – that is, instead of providing the one program like Mint all of your account logins and passwords so that it can pull data from them, how about having you provide your financial institutions the program account and have them push the data to it. That way you’re not centralizing all of your accounts and passwords and yet you still get the automatic updates. Do any programs do things that way?
Mint is basically a toy, and I find it to be more or less useless. It does not support downloads from some of the major banks and other institutions, and does not allow manual entry of data from institutions that are not supported for automated download. So you wind up with garbage in and garbage out. It comes up with budgets and suggestions based on crude general data mining – in my case, missing the mark by a mile. Nice alpha – needs a lot of refinement.
Doesn’t feel like anyone who really uses mint is on this thread including the writer of the initial review. Mint was great until they changed their connection method to financial institutions earlier in 2011. This required a “reconnection” process where you needed to link all of your history (associated to the accounts that were accessed via the old connection method) with new transactions (associateed to the new connection method). It was a cluster beyond clusters…read their own blog. Many people were forced to give up all of their history prior to the change. So fundamentally, Mint.com is cool but if you want to use it as a serious tool that you can depend on over the years…you’re taking a risk. Given the extremely poor migration earlier this year, Mint.com confirmed that they don’t take themselves seriously enough to ensure ultimate quality. To put it another way, if your financial instution were to do what Mint.com did earlier this year, they would be experiencing SEC investigations, class action lawsuits, etc. Net/net, Mint.com is a cool tool (their iPhone and iPad apps add to the coolness factor) to get a consolidated view of your accounts and some insights into your financial profile, but you can’t take it too seriously and you have to roll with the punches when things change. While Intuit bought them, it is far from the bar that Quicken has to maintain.
Hi Sman,
I am aware of the reconnection issue in 2011. I don’t mention it in this review as it’s not relevant to new users.
Great comments! These forums are the best resource to get our Real world experience’s out and open to the public to help us all make better decisions.
I was a mint.com user for over a year, and I worked very hard at making it work for me. I too had all of the same issues, from tax preperation syncing issues to financial institution sync issues. I do understand that it is a 2 way street (information HWY actually) between Intuit and the financial institutions – however as others have questioned, why are there more sync issues with mint than with Quicken, when both are Intuit companies?
However, by biggest concern with mint is similar to my concern with Facebook, from personal experiences. After being with mint for just over a year I noticed an increase in marketing material sent my way (via mail and electronic), and on one particular credit card offer the credit card company stated that I had great credit and had a line item list, without institution names of my current credit accounts with extremly accurate balances! I continued to receive more offers that contained very accurate financial figures as related to my personal accounts. The numbers were so accurate it was just like logging into mint.com and I felt vulnerable – and then the light went on.
Of course I contacted mint and sent a very detailed reply as I deleted every piece of information in my account as quickly as possible and closed my account. I did not hear a word from mint, confirming or denying supplying my personal and or financial information to other financial institutions.
Shortly after closing my account the unusual number of marketing offers stopped and I have never received another offer that contained my personal financial balances.
So how does mint really make money? How does Facebook really make money? Our own personal information is worth millions…. Be very careful in providing so much personal information to any single institution.
I’m going to stick with a combination of solutions until the “cloud” is perfected.
I still have Quicken 2006 running for tracking my bank and investment accounts on my Macs. I do not use this in relation to on-line banking in any way; just as account registers with information manually entered and reconciled with monthly statements. I can make reports and see where cash flow and investment accounts are at any time. I can also see updated net worth with a push of a button. I’m too lazy and fearful of stolen information to set this up directly with financial institutions. So this works for me, but my problem is simple. Intuit’s Quicken 2006 is OLD OLD OLD. I’m always doing triple backups on external formats in fear of the whole thing crashing someday. I would love to have a Mac update of Quicken, but since that doesn’t exist, can anyone recommend a fresh, user friendly system that will take me safely forward?
I have put in many hours since May, 2011 making mint work in a way useful to me, by some workarounds. I really have loved it, as it served my purpose UNTIL!!! there was a problem for about a month connecting with my bank. That was back in Oct/Nov 2011. I can not now fix the problems this caused, making all my work useless. I don’t mind fixing occasional problems — but as far as I can find FIXING things is next to impossible. WHY WHY WHY can I not do manual entries for anything before December 1, 2011 to fix this glitch, not even to mention trying to get them out of pending??? I’ve tried many ways to work around this — even at the cost of making my monthly expenses inaccurate for Oct-Dec, but I still won’t end up correct checking account balance. I am now searching for a solution (I don’t even mind buying) that will allow you to WORK WITH the software. But looking at Quicken’s site, I can’t tell what I can do to fix errors, etc. The reports they show look identical to mint, which I liked, but I certainly don’t want to PAY for the priviledge of wasting many, many hours to find out errors can’t be fixed (or categories customized).
In ‘another lifetime’ I was a mainframe programmer, so I understand things that ‘seem simple’ on the surface to the public are many times extremely hard to do — however — mainstream software should not have such limitations and be as big as mint is. I also wish there was some kind of ‘user manual’ — I did not not a few FAQ’s or their user forum very usable.
Barbara,
Quicken is a full blown personal finance app. You can make changes to any downloaded transaction.
Thanks for the info! I’m starting to understand that I will want to access/edit my info from mobile devices (when I can afford them
. Some of the above leads me to believe that Quicken does not have that ability — that Quicken Online is going to be/or is mint??? Is that correct? Thanks for your help.
Quicken Online no longer exists. They removed that service after they bought Mint and as of 2012 still does not offer any integration with Mint.
One more clarification question, in Quicken, can I ADD a transaction that was for some reason not downloaded from the bank (even though it exists at the bank) and have it ‘sync’ or whatever the word is, back up so that it becomes just like any other transaction and balances my Quicken records with the account with the banks (doesn’t just stay pending)?? Thanks!
I would NOT use Mint again. If you ever have a problem forget about getting it resolved. MINT SUPPORT IS ABSOLUTELY TERRIBLE!!!!!! There is no support phone number, only email. My Mint has not been working for a month now and they are doing nothing to fix it.
Within a week or so of setting up my mint.com account, some small payments showed up as multi-thousand-dollar Income items. I reported the issue and about a week later received an email saying the problem had been corrected. I responded that it had NOT been corrected. About another week later I received another email saying the problem had been corrected. (Nope, it’s still not corrected.) MINT IS UNTRUSTWORTHY (and the customer support is certainly non-responsive). I’m deleting my account now, and will be highly suspicious of using any mint (or Quicken) resources in the future. Very disappointed; I had looked forward to using it.
I would agree! I have 9 months of transaction data on mint which cannot be recovered. My account does not work and has not worked for over a month now! Mint has told me it was fixed 4 times now! I am not over exaggerating when I say, their customer service is worse than any other I have experienced.
Mint.com sucks because the Everything category is messed up. When you click on it, it lists the budget accounts instead of the individual transactions. Also you can’t click on it when trying to view the app on your phone. You can’t see if it was put into the right category or not. This unbelievably horrible.
Mint has some nice features. But, I would advise you not to give them your real phone number. After signing up with Mint.com I have been getting a deluge of unsolicited phone calls on my cell phone. I did not make the connection with Mint until I talked a friend into trying it out. He did and now he is also getting phone bombed 4-5 times per day. Not worth the price!
Hi Preston, are you sure they are related to Mint.com? I have seen a big increase in spam voice calls on mine and various other friends in the past 2 months. I did not give out my cell phone, nor do my friends use mint.com.
I only have circumstantial evidence, so no I can’t really be sure. For me the spam calls started over a year ago. I they have gotten so bad that I am paying for a call blocking service through my phone service provider. Unfortunately I still cannot stop the calls that block caller ID.
I still use Mint and I think it is a useful product. But, if I were signing up again, I would use a fake phone number to be on the safe side. I was venting a bit after getting several calls in couple of hours.