Mint

Mint is my favorite place to keep track of my family's budget

Commentaires : Very positive. Used it for years with no plans on changing.

Avantages :

My family has used Mint for years to keep track of our personal budget. The integrations that it has with my banks has been instrumental in helping my family manage our finances.

Inconvénients :

At least for the personal finance aspect, it is heavily focused on monthly expenses which makes it slightly difficult to keep track of expenses that are not monthly such as insurances which are bi-annual or annual. They have improved their budget keeping to allow for rollovers which is how we keep track of those expenses that are not monthly but I still wish I could set an annual budget for those expenses

Great alternative to expensive accounting software

Commentaires : I am loving this software. I was hesitant at first after using another software for years, but I was pleasantly surprised and how much I love it and how easy it is to manage my finances.

Avantages :

I was vert impressed with how easy this software is to set up and use. Very self explanatory. I love that they monitor your money and your spending and alert you when thigs don't seem right or when you go over budget.

Inconvénients :

The automatic assignment of some accounts is inaccurate

Intuitive Interface and Simple Synchronization Outshine Competition

Commentaires : This finance-tracking software is the best that I have come across since it allows me to easily establish goals and keep track of all of my finances.

Avantages :

For years, I've used Mint and its been so helpful to me. I check it every day, and it has been quite helpful in keeping all of my funds organized, especially with keeping track of multiple streams of income. Mint's interface is really simple to use and straightforward. All of my information is centralized and very simple to see and read. Also, the program's affordability is just unbeatable. Their ad-supported version is free, while their ad-free version is just $1 per month. Connecting several bank accounts, loans, etc. has always been fairly simple. Custom transaction types and tags are simple to add, allowing you to search and filter according to any criteria you choose.

Inconvénients :

Sometimes Mint is unable to distinguish between distinct transactions, which makes for incorrect budgeting results if I don't keep a careful eye on the details. If possible, this could stand to be cleaned up, but the app is still useful for doing most of the heavy lifting.

Decent for expense tracking, but that's about it

Commentaires : It helps with expense tracking and it does very well in that regard.

Avantages :

It does a good job of automatically logging expenses and after implementing a few custom rules, it's pretty accurate with categorizing them properly.

Inconvénients :

The budgeting aspect of mint does not match the reality of how people "really" budget. There will always be months of overspending and months of underspending... and everyone's "income" is a bit variable (monetary gifts, product returns, etc). Mint doesn't account for these very well and it does nothing for planning.

Helpful for Net Worth and Credit Score Monitoring

Avantages :

Mint is a helpful piece of software if you're looking to centralize all of your financial accounts (checking, savings, credit cards, loans, retirement, investments, etc.) in one place. I find this especially useful because if you're able to input all of your accounts and assets, Mint will generate your net worth in real time as it fluctuates. It will also keep you informed of your credit score, and why it may be lower or higher according to specific factors (credit age, credit usage, on-time payment history, total accounts, credit history, and derogatory marks). No more guessing what you could be doing to improve your credit, or what it is that's dragging your score down.

Inconvénients :

If you input your checking and credit card accounts into Mint, Mint will analyze your purchases and categorize your spending (Groceries, Restaurants, Clothing, Gas & Fuel, Fast Food, Movies & DVDs, Alcohol & Bars, and Coffee Shops), and help you stay within predetermined budgets you've set for each category. However, I haven't found that Mint's analysis of my purchases is always accurate, and so I have never relied on or used this feature. I also have found that I can't add my 401k account in Mint (they do not have Transamerica Retirement available as an investment option), so I've sort of "hacked" the software by manually inputting my retirement balance as "Property" to get an accurate read of my net worth. This is a bit frustrating, and Mint's library of linkable accounts could do for an update.