- The Good
- Free to use with paid upgrade options
- Automatic syncing with all loaded accounts
- Weekly reports on spending and budget goals
- The Bad
- No reconciliation features
- Syncing issues may cause delays
- Few investment tools
The Mint app offers all of the same functionality as the web-based platform, giving you an easy tool to help with budgeting and saving. Using the tool that goes with you everywhere — your phone — you can track your spending, see when bills are due or when you might have overspent on something. As a personal finance app, Mint offers a solid list of features that work for most people.
You don’t get much better than free as a price point, and that’s the cost of using Mint. So, how does Mint make money? Several ways. There are suggested saving tools or financial options that pay Mint a referral fee when users sign up. Mint also collects broad statistical data, with no personal identification information, and sells it. You’ll also notice some ads. All of these generate revenue to help keep the service free for users.
- Account syncing
- Bill payment reminders
- Budget tracking
- Payment alerts
- Credit score tracking
For personal finance, Mint has a fairly comprehensive set of features that help you handle day-to-day transactions. You can see money as it comes in and as it goes out. You even get reminders when you have a bill due or past due. With most of your financial information readily accessible through a single platform, you can stay up-to-date quickly and easily.
- Account Integration
- Works with most financial institutions
Once you set up your accounts through Mint, you enjoy automatic syncing. That means every time you swipe a card, you can see the transaction through your Mint app. You can even see your retirement accounts and track contributions. With banking, credit cards, retirement and bills in one place, you’ve got pretty much everything you need to assess your financial health and plan for the future.
- Budget Resources
- Track spending
- Bill payment notifications
- Budget Templates
Mint makes budgeting easy with a lot of automatic features that take the tedium out of expense tracking. Once you set up Mint, it can give you quick reports about your current spending habits and make budget suggestions to help you stretch your funds.
Mint: User Reviews
The Mint app offers a fairly comprehensive set of personal finance tools that can help you get your spending under control. From easy budget templates to near-instant tracking, you can see your financial health at your fingertips.
How Does Mint Work
Using Mint is pretty simple. All you do is sign up for a free account, then link your existing financial accounts and get started. The app will automatically sync with your accounts and start generating reports about your spending.
You can set up budgets, add bill pay and more.
What Makes Mint Great?
Using Mint takes the guesswork out of budgeting. You don’t need to go home and track all of your receipts. In fact, you don’t need to keep your receipts at all. Instead, you can see your spending as it happens. That makes following your budget a much more streamlined process.
Common Mint Reviews
Professionals recommend the Mint app for its easy-to-use interface and feature-rich environment. It routinely scores between 4 and 5 stars on review sites because it offers so much at such an affordable price — free.
Users give Mint praise for simplified money management. The only complaints you generally see involve add-on feature requests like bi-monthly budgeting or percentage of income budgets.
Is Mint Right for You?
Mint offers the right mix of easy-to-use features for most consumers. However, it might not be the best choice for people with a very complex financial portfolio. For example, there are certainly options for managing investment portfolios that offer more control and reporting features. It is also not the best tool to track real estate investments or self-employed income. For the vast majority of users, though, it does several things very well, such as:
- Building a budget quickly and easily
- Seeing your spending habits
- Helping you save more
If those are your priorities, then Mint is a good choice. It has all of the basic finance tools you could want, along with simplified options for things like investing.