Best Personal Finance Software Reviews: Mint

Best Personal Finance Software Reviews: Mint: Personal finance tracking is important regardless of your goals. Whether you are saving for a large purchase or paying off debt, tracking your finances is crucial! While many people like to do this the “old school” way with a pen, calculator and check ledger – that way is dying out. There are much more efficient, easy and probably more accurate ways to complete this task. Before we can get into finding the best personal finance tracker, let’s learn what they are.

Best Personal Finance Software Reviews: Why do you need this?

Having a financial tracker lets you know the following:

1. Where your money is going

2. Helps you meet your financial goals

3. Keeps you accountable

4. Tells the truth on your spending habits

5. Keeps you aware if there is any fraud in your accounts

6. Gives you true and clear insight to your financial situation

How does a Personal Finance tracker work?

Let’s take a look at Mint, a very popular and common finance tracker:

Here are the main points:

  • It allows you to track:
    • Credit card statements
    • Bank statements
    • Loans
    • Investment balances
    • All through one user interface!
  • Best of all, it’s FREE.

The other good part is that they update automatically. This means that there is no manually updating every single little account whenever you want to a fresh outlook on your finances. Just simply log on.. and it’s there!

How secure are these trackers?

In summary, these trackers are fairly secure. It is very unlikely that someone will be able to hack into your tracker account and begin to steal any important information. In our example, Mint goes through extensive means of protecting your information. The data is protected and compartmentalized, meaning that the financial data you see is “read only”. The main portion of that data is locked in their data fortress called “Consumer Central”. Here is a brief illustration of how this works:

Best Personal Finance Software Reviews

If you would like to read more on the topic of Mint’s security, I would recommend going here.

In short, Mint is way more secure than your email account!

Easy to use and brimming with information

Best Personal Finance Software Reviews

Personal finance trackers typically have large, easy to read and colorful displays that showcase:

  • Accounts
  • Budget
  • Income
  • Spending
  • Upcoming bills
  • Investments
  • Debts
  • Net Worth

In the end, it’s up to you.

In our effort to offer best personal finance software reviews, Mint is a hard act to follow. It really does have everything you could want from a free personal finance app. Is an app based personal finance tracker right for everyone? No. There are multiple ways to get to the same destination. Some people prefer the pad/pencil/calculator method. But to each his/her own. The most important thing is that your financials are being tracked.

If an app/online based personal finance tracker is something that you would like to try, I recommend downloading the Mint software, which you can do here. I use it personally, and love to check it everyday (because I’m a financial nerd like that).

Of course, there are other trackers out there that are similar. If you want to check them out, here is my list:

  1. Mint – Good balance overall and it’s FREE
  2. Personal Capital – Similar to Mint, focused more tracking net worth. It is also free.
  3. You Need a Budget (YNAB) – Good app for getting out of debt
  4. Wally: Best for tracking expenses
  5. Acorns: Best app for saving

Did you like this article? Check out a few of the others:

https://wealthlenial.com/13-ways-to-improve-your-credit-score/

https://wealthlenial.com/best-way-to-get-out-of-debt-case-study/

Best Fun and Novel Financial Budget Planner – My Top 6

Best Thermal Curtains: Choosing the Best Thermal Curtains Can Help You Save Big

Please follow and like us:

7 thoughts on “Best Personal Finance Software Reviews: Mint

  1. I’ve been wondering about this…I see ads for it on my social media. I wasn’t totally sure but your review helps a lot. As long as it’s user friendly that’s what I need, finance confuses the everloving you know what outta me 🙂 lol! Thanks for the review!

  2. Fantastic article. I think all should read this. Agree old school is dying out, I laughed to myself thing when was the last time I saw someone write a check.
    I was sharing this article with my wife and we both agreed that we need to start doing this. We both thought this would be great for us as one of many family’s that live on a budget this will really help.
    Thank you so much for this very informative article,
    David

    1. David,

      Glad you liked the article! If you’re looking to focus on a budget, I would highly recommend Mint. I’ve been using it for over a year now once my personal capital account started having issues. Mint is very budget focused, you can set up how much you want to spend and try to stay within those parameters. Pretty neat.

      Thanks again,

      -Dave

  3. Hay Dave, I’ve heard of Mint before but after reading this I realize I really need a financial tracker like this especially since I’m retired. It seems to do everything I need, but I’m always cautious about security. I don’t trust anything these days, but you addressed that issue. Thank you for some awesome advice!

    1. Rob,

      Thank you for the comment and I appreciate you reading the article. Mint and it’s similar partners isn’t for everyone. The idea of security is a big hurdle I find for people to get over. But honestly, as someone who has been a user of Personal Capital and Mint for the last 3 years all I can say is this – it’s amazing and it’s eye opening but I have never had a security issue. I really do love those two apps and I check them everyday.

      Thanks,

      Dave

Leave a Reply

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