Could you give some perspective on this? It also allows to edit the transaction via the iPhone app. The Author states: “With the acquisition of Mint by Intuit, it’s obvious this is the future of the Quicken product line. I continued to receive more offers that contained very accurate financial figures as related to my personal accounts. So I’m getting emails from Mint for some poor woman from Fort Worth, TX. In this recent review of Mint – this author talks about adding other accounts that will not directly link. Two of my credit cards are not currently supported by Mint. that’s how a budget should work! Meanwhile, nothing is being updated in my account and it’s VERY frustrating!!!! I will say that I am intrigued by Mint but not sure of the security aspect of the software. An industrial-strength expenses aggregator is really all I’m looking for since I run my own analytics on spreadsheet with proprietary categories. 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. Be very careful in providing so much personal information to any single institution. Seriously – that’s the problem. This caused the incorrect transactions to stop posting to my account. Address syncing issue best you can. Your email address will not be published. Mint also uses Verisign for security scanning, and partners with BugCrowd on security audits. I have two unusable Mint logins. I am on my Android phone all the time – I should be more aware of what and when I am spending. I am NEED something. one feature that I use a lot is whether to use a category or not on my budget. 3 Stars 15. This is a joke. I would agree! Thanks for the great info! The exact same thing happened to me. I have asked Mint support about these, but they have yet to fix. Mint Review 2020 – 100% Free Budgeting Tool. Again this isn’t stating mint.com isn’t secure. that takes phone calls. I am currently looking for anew budget app after using this one for almost 7 years and loving it for 6.5 of that time. Meanwhile, nothing is being updated in my account and it’s VERY frustrating!!!! Now that my primary bank has been blocking them for the past 3 weeks (and each point points the finger at the other for being the cause of it), I think it’s time for me to give up on Mint. Does Mint have a feature that enables one to write checks from one’s computer, print them, and have them automatically entered into Mint’s record with the proper payee and expense category — as Quicken enabled one to do (and provided checks to use for this purpose)? Now it is the worst on the web. I hope, however, to begin recommending Mint to family and friends by next fall/winter, when nothing has gone wrong during that whole time and I’ve seen an improvement in my savings. But the idea of it still scares me. With a change in attitude, hard work, patients AND Mint I went from feeling like I was living paycheck to paycheck to being credit card free and having savings for my kids college, emergencies and home maintenance cost such as few roof or chimney repair. This has been incorrect in EVERY case. I am one of those who deeply regret ever visiting mint.com. Having to input data in YNAB made no sense and as the author of this article mentioned a cloud based solution is the way the industry is going. I think the account aggregation concept is one of the smartest introductions ever in the personal finance space. You can pull transactions by each account. Agreed with all the comments below. Mint’s problems with my banks seemed to be increasing in frequency and duration (in my last months, it was usually 2 or 3 accounts down at a time), so I gave up on them and their nonexistent customer service. Mint is the only “free” cloud based budget manager that allows you to change the date of a transaction, which to me if you can’t, it’s a show stopper. I think Quicken still stores your login information on its servers. I reported the problem to Mint and the issue is still not fixed. We know that managing finances is not easy. Also like to track accrual accounts for budget purposes. I too had all of the same issues, from tax preperation syncing issues to financial institution sync issues. If everyone has these problems, then why aren’t more people talking about it? They can just let it sit there earning a dwindling amount of ad revenue and providing no further updates. 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. I totally disagree. Has anyone else experienced this problem, or found a solution? Beware! Program design is subject to change without notice, which means that features you once relied on are no longer there. I signed up with Mint 11 days ago. My question is this. With the acquisition of Mint by Intuit, it's obvious this is the future of the Quicken product line. You mentioned that you use Morningstar, and I assume this is the retail version available at Morningstar.com. If i don’t change the income number to match what i actually made for the month before the month ends then that month is forever RED unless i fake it and force more income into that month by changing transaction dates. Each day is a total crapshoot as to which of my accounts will or will not be linkable. The main shortcoming of Mint is that while it’s great as an account aggregator, it cannot help you actually manage each individual account. I like them both quite a bit but Mint has a better web interface. ; Like Mint, Personal Capital is free to use. In fact, the investing area is so weak that they don't list it on their website as one of the primary reasons to use Mint.com. This is not to mention that customer service is non-existent. So transactions from your accounts will work with Personal Capital no problem. I’m going to continue to use the app for the time being but I like features whether or not I used them doesn’t matter I like knowing they are there. I have heard this problem over and over on the web. manually updating nearly every entry shown from nearly 2 years worth of transactions so that I could get a TRULY accurate account of my spending in various categories for the main purpose of creating and managing a budget. This system allows Mint to receive a token from the bank that allows access even if you change an account password. Please excuse me if this is too obvious of a question, but I would greatly appreciate your reply. It can be maddening to monitor your bank accounts, investment accounts, credit card bills and loans. I just have one question. I know that Mint.com only aggregates status of accounts, not management. I can also see updated net worth with a push of a button. I do use another tool, Fund Manager which is not cloud based, but rather desktop based. I have relied heavily on it for over 4 years, but in the past year its responsiveness has gone down and its glitchiness has gone WAY up. After several years running a local news website in Maryland, he worked as a writer and content manager for the U.S. Chamber of Commerce Foundation. As a security professional we have to be correct 100%, a hacker it only takes once. I have been waiting EIGHT days for the site to update my account with my credit union’s new URL link!! Tried 3 times on chat and nothing. Their solutions …well….there are none for the most part other than answering your email with the same solution every time even when it does not work the first 7 times. To manage these assets, I wind up transferring the total amount into a Quicken account. I have called customer service 3 times without any success. Mint Reviews. Change your password often, too. https://investorjunkie.com/4183/quickbooks-online-review/. What attracts me to Mint is its simplicity and active budgeting features. Despite many hours of frustration there was no way to retrieve the data because there is no import facility. Usually I have to “fix” a number of them. Chase told me there is a simple fix if Mint would do it. If I read the privacy statement correctly, Mint will report a customer’s activity to credit reporting agencies? I do not mind going into Mint and correcting the expenditure category of ATM withdrawals and “Uncategorized” as sometimes computer programs cannot read the mind of a human. I feel like I am talking to some front line person with no knowledge whatsoever. I switched to Mint because I wanted something simpler and lighter than Quicken. Mint Mobile uses T-Mobile for coverage supports VoLTE, Wi-Fi calling, mobile hotspot, and more. I have been vetting two other systems at the same time, and neither of them have had linking problems — so it is not an issue with the banks. ... Simplifi by Quicken launched in January 2020, and Dillard noted that users should expect small, incremental changes as it tries to improve. ... We keep our reviews completely factual so you can use them to make better decisions. Is using iBank just a way to make me “feel like” I have my finances under control? Agreed Matt!! No the only web app that allows this is Yodlee. I appreciate their honesty – they do not need to tell me that. I would love to find an alternative, even if I have to pay a small fee. Our customizable software provides end-to-end functionality to streamline the school enrollment process (including school choice, recruitment management, application and registration management, and year-round forms) for both families and school administrators. I know what restaurants they went to, where they got groceries, and what day they traveled between Houston and Austin. Required fields are marked *. It’s a wannabe accounting package. Only one of them is visible on my Mint account now – the 401(k) account – and the pension account now does not display at all. In August, I had credit union accounts begin showing me someone ELSE’s transactions! I haven’t confirmed this though. The lightbulb went off this week when I spent 8 hours on a beautiful Saturday trying to un-duplicate all my accounts, which Mint itself had duplicated independently (wreaking havoc on all past records as well as current). I had high hopes, but continuously have connection issues and accounts don’t update. I have gone through 3 or 4 iterations of trying to get mint.com to function adequately over the past 3 or 4 years, including right now. Does the iPhone version of mint sync with the desktop one? I had plans to by the license for quicken when I ran into this app for iOS. 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). It’s essentially unusable for me. The software is just broken. I’m currently having a Mint sync issue / error with Fidelity Investments / Fidelity Visa Rewards. I started using Mint in summer 2016. If I am in Europe, Asia or Australia, why would I release my banking info to a US based organisation. It has so many bugs that it is insane. To link your outside accounts, you go through a process of entering the login information and  passwords for those accounts. To me providing them my banks ids and passwords were the main factors of not using mint regardless of what they claim. Buyer, Chemicals and Materials, SME 1. This was the game changer as prior to Mint, the personal finance software space was relatively dead. Of what use is a system for tracking your finances if it will not reliably update with your banks and other financial institutions? balances. Investor Junkie has advertising relationships with some of the offers listed on this website. was very interested and went to use. You cannot produce reports sorted by date so it is useless for tracking expenses month by month on a spreadsheet, and useless for tax prep. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. I agree with you that I prefer to take care of my own security. Beware! To be frank, this 'offer' - typical of their coin offers - is little short of daylight robbery. Here are some other helpful features: You may ask how Mint can offer all of these services without charging. Thank you for your post, I enjoyed reading it. Was just thinking of trying again until I learned that it’s been taken over by Intuit and that Intuit explicitly states that it is able to handle money online, and gives details by US state. Quicken has never been good at giving accurate numbers of my ESPP or other investments anyway, so why would I want to pay them? You then get a green leaf at the top of your toolbar that's always running in the background. I’ve lost hours of my life setting this service up and attempting to use it. What happens if Mint sends your financials to the wrong email?! My wife and I are seriously thinking of using it as a budgeting tool to track our spending. When you click on it, it lists the budget accounts instead of the individual transactions. I could do that through TIAA or Fidelity, if I wanted. It may not be quite as smooth an interface as Quicken, but the same code works on Windows, Mac, Linux, etc, which means my choices aren’t constrained. I will post further after I communicate with them. Mint allows you to edit your transactions, just like the web site. Does mint have a register to add charges from my bank card? Just wanted to give a quick update to essentially the first trial run of Mint Mobile which is a three month plan before the yearly reset. Monarch may be it. You also have the option to make changes to your transactions after they are downloaded. I have 9 months of transaction data on mint which cannot be recovered. My bookkeeper is not yet maximizing all of the online banking features which should help with some of my issues. I have put in many hours since May, 2011 making mint work in a way useful to me, by some workarounds. [BTW, Contrary to the authors assertion, there are viable alternatives, although for my money, Quicken (still vibrant and supported by an active online community) will not be among them because of Intuit’s emasculation of one my favorite finds.]. There aren’t many downsides to using Mint, though it’s understandable why some people would shy away due to concerns over privacy and security. It took me three tries and a supervisor just to get Mint Credit Monitor cancelled. Do you think that is wise? This isn’t to say either that your bank security themselves is completely foolproof. Sent problem email to them and about a month later they say its fixed. They told their customers “not our problem take it up with your bank.”. We hope to see you in the Shapermint community. The sooner you add them, the sooner it will add the history and allow you to search thru your data, compare your monthly spending. I reported the issue and about a week later received an email saying the problem had been corrected. Mint is the worst program for trying to do simple things. It's free to sign up, and it takes only a few seconds to add new accounts. Personal Capital is one service that offers similar account aggregation capabilities, but with more helpful information for investors. I suspect they will do something for shore this up. Even MORE frustrating is that I keep getting the same auto-generated responses to my emails from ‘people’ like “Ahmad”, “Fariz”, “Febry” (are these even people???) Maybe the paid version is better but I’m not about to try. Who keeps Mint in check? Is there any help for someone like me? I got passed from one person to another. True, I’m fed up with the new owners’ insistence on trying to sell upgrades on a continuous basis. Mint is a great option for the new users who migrated from the Microsoft Windows platform. None. Some of the links included in this article are from our advertisers. No phone number to call – just email, which is maddening! I worked with Mint support to fix this for months and eventually they just had me remove it from tracking because they couldn’t fix the problem. Yes the interface is definitely attractive and useful no doubt about it. After all the frustration, I’m going to delete my account over there, and may be not use TurboTax or Mint ever again. Do I really need to track my history (beyond, say a year)? But it is safer with some banks than with others. Investor Junkie is your shortcut to financial freedom. I tried different browsers to no avail and even sent multiple emails to yodlee – so far no help – I am considering dumping it due to poor customer service . Even if you are initially pleased with its capabilities, you will ultimately be frustrated as the application fails to perform simple operations correctly over time. If you happen to have accounts at institutions that Mint plays with its great. Mint ... Mint is a free budgeting tool that gives you a basic snapshot of your finances. Although they are polite, they are ineffective. ... Mint is a free personal finance service that's in a class by itself. Sadly, I confess that i use my profile on mint as my ultimate source of financial management ;(. Don’t have time to continue to chase it. 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. Having all your accounts in one place is scary, but I believe the advantages outweigh the concerns. Tim Lemke has been writing about business and investments for nearly 20 years. Sep 08, 2020. But if you can’t handle something as simple as this, then you are of no use to me. I wish there was a secure alternative, even if it cost $$. You might be asking, “How does Mint make money from this free service?” Well, it makes money by offering “ways to save” or to make you money by recommending various financial services from which Mint gets a referral fee. I do not want to use Mint (weak investing support, no online bill payment, no bank reconciliation capability). The Shapermint community is a group of strong, like-minded women. What does it say about the company if they are having a technical issue for over three weeks and nobody is prepared to own the problem and let their customer know how it is being resolved. I would highly recommend to buy Desktop version of financial management software.. If you are really serious about managing your rental properties and is a business, why not use Quickbooks or Quickbooks Online? Some of my accounts haven’t synced with Mint for over a year. I’ve had the Sync issues with Mint, so I looked elsewhere for a more reliable program. I have spent a lot of time setting up and trying to use Mint.com. Mint offers complete access to your financial data through both its website and your favorite mobile device. Mint’s official privacy policy states that it does collect basic identifying information from you (name, email address, etc.) Each provides budgeting, enabling you to know how and where your money is being spent. Good luck and don’t be fooled by FREE. It’s pretty. You can trust the integrity of our balanced, independent financial advice. I am currently working two jobs, I have a lot of cc debt and I need guidance. I just tried mint again for the first time since 2008. Currently there is no Mint app for Windows. I have asked that my case be escalated or that I be allowed to engage with a more senior visions service of technical representative (after 8 months on the same problem this seems appropriate) and have again been told that this is not possible.Â. A huge bummer, since many of us used that app regularly. The one thing that bothered me was that ai had to enter regular monthly transactions manually, every month, which was time consuming. In this review, I'll be covering 7 products, but most of them have similar attributes, such as mouthfeel, flavor longevity, and effect. I wish it had bill pay, but my bank has that, so that’s fine. QuickView has similar functionality to Mint's website and is recommended if you use Apple's OS X and like Mint's service. The auto-categorization is far from perfect, and you'll need to make adjustments from time to time. You might try YouNeedABudget (YNAB). 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? Morningstar Advisor workstation? Do I really need 50+ categories? ), and 2) you have to make sure you don’t earn less income than you budgeted as well —- and there is my biggest issue with Mint. The crazy part is that the fix for this is silly simple–allow both longer matches AND have an option for a regex expression to be entered and for both to be associated with one or more accounts. Options are limited for financial software for Macs that are as professional and bug free as Quicken. 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. Without the ability to manually enter data for problematic account, Mint use is an exercise in constant frustration. Hi Jack and Mrs Thomas. I use Mint b/c of its convenience of keeping most of my accounts in one location, but I certainly do not use it because of its speed. I’m deleting my account now, and will be highly suspicious of using any mint (or Quicken) resources in the future. What does it say about the company and it’s management if they block communication? I passed this along to their support team. It’s excellent for tracking investments, not just funds either (it does options, stocks, funds , etc). Mind you. Hi Victoria. Am I alone here or do others agree with me? As a side note, I also do use mint (have for several years), and I definitely like their website and the transaction tracking it provides. I also decided that I could live without bill pay. And it’s been over a week. Mint does not report official figures on numbers of users, but various published reports peg that number as between 15 and 20 million. . Because they are so apparently understaffed, I have a lot of trouble believing their “bank-level” security claim. 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 loved that I could tag transactions by who did the spending in my family and then compare each person’s spending in any given category (Yes, I got petty and compared how much I spend at the coffee shop each month to how much my husband spends so I could show him a chart!) Bottom line. Unlike Mint, which focuses a lot on budgeting and where your money has gone, Personal Capital emphasizes investing and saving for retirement. I can’t stand it any more. 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. 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). There were no instructions for me, they just fixed it. 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. Personal Capital DOES work with tax deffered accounts. Seems a great place to hack. Mint offers 100 minutes free intel call each month which is nice. You get what you pay for.. He began his career as a reporter for newspapers including The Washington Times and Washington Business Journal, where he covered everything from stocks and real estate. Trying to change Categories is hit or miss — some changes take, some don’t.What a mess! I have no problems with how it handles securities; I use that functionality as a dashboard/aggregator and an indicator of tax positions. It can take about 30 minutes to an hour each time I want to use Mint. In the last couple of years, it’s become basically useless. He’ll take you back to the old school way of doing things but he will get you to debt free if you follow what he tells you. You can’t deposit or withdraw money using Mint. Fortunately we didn’t go to press yet and able to remove it. It is also a great overview, if you trying to do a quick search of how many times you have purchased something. THEN you can start thinking of how to track your money in such a way. I am the product of 27 years of a security conscience husband. Everything sits within the cloud. To help reduce our spending in this area, we set monthly budgets for restaurants and fast food. But regretfully I wish I had selected another tool. After years of using Quicken and frustrated at the complicated sign-in procedure, I looked for another program. txt’ing you as transactions pour in). It’s user interface is downright *dreamy* if you ask me – colorful charts and graphs will get me every time! This time around, I have the same issue I have had every time. Is this to much to ask. However, by biggest concern with mint is similar to my concern with Facebook, from personal experiences. Which means you get stuck in my version of tech support hell – the same questions being asked over and over again, no one is aware of what has been tested/tried/changed previously on their end. For example If you look at Net Worth they will show a different Net Worth amount on every screen. I haven’t ventured out and tried all the tools you have because I’m still limping along with the 2+ hours a week using Quicken and getting tired of the time spent. I understand that you can use VMWare Fusion to transfer an existing Windows based Quicken application and data to Mac, but can you use it to start using Quicken for windows on a Mac on a de novo basis? Rendered the service shines having issues now that Intuit can ’ t seem to be frank, is! 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