Account info in 1 place
As I stated earlier Mint allows you to store all your info in one place. For me, it’s good that I can see everything in one centralized location. It shows me what’s in my account or what’s not in my account.
Budgets
Mint allows you to create monthly budgets on their site. The budgets are up to date. They show you how much you spend and how much you have left to spend for each month.
Transactions
Mint has an area where you can see all your transactions. It shows you the date of the transaction along with a brief description and a category. It also gives you the ability to edit the details if you need to.
Alerts
They have a section on their site titled alerts. There are several type of alerts that you can get notified about. A few of the alerts that you can choose to receive are ones for low balances, unusual spending, credit available and large deposits. The alerts show up on the mint overview screen. You can also have them emailed to you or sent to you via text message.
Upcoming bills
Mint has an upcoming bill tracker that shows you your upcoming bills for the next 4 weeks. You can edit it to view whatever bills you want to see.
Goals
There is a section on the site called goals. It allows you to create different types of goals. Paying off credit card debt and saving for an emergency are just a couple of the goals that you can create. You can also make custom ones as well.
Trends
The trends section has graphs that show your spending, your income, your net income, your assets, debts and net worth over time. It can be a real eye-opener to some if they have never really tracked their money, but it’s good to know your habits. You can also view the trends by the type it is and by the account.
Ways to save
Mint has a section called ways to save. It gives you tailored suggestions on how to save money on banking, investments, and insurance. You have the ability to compare the suggestions and see which ones work the best for you.
Investments
They have a section titled investments. Mint offers several brokers to choose from. They let you know the minimum cost to start the investment along with other important stats.
Mobile App
Mint’s mobile app is very nice. It shows you everything that is on the main website, just in a compact view. It’s up to date with its account information as well.
What are your thoughts on Mint.com? Have you used it before? Would you use it?
Jason Butler
Jason Butler is an Atlanta native, as well as businessman, blogger and teacher. Not only is Jason a prolific flipper, marketer, writer and side hustler his number of years in higher education and student support have given him expert knowledge in understanding the economics of the student loan industry.
Hi,
Great article on the Features of Mint. Can you add anything on the security of Mint? It concerns me as they don’t charge for anything so am curious about the trade-off or are they supported by Intuit. Free services on the Internet like Facebook & Google have the hidden cost of loss of privacy. Any input is appreciated.
Thanks, Tony
Mint is pretty secure.They offer several layers of security. They use 128-bit SSL encryption similar to what banks use. They are also monitored by Verisign. They are supported by Intuit.
I’ve never used Mint before but we have something similar in the UK called Money Dashboard. It has many of the same features you described above.
I have heard really good things about mint.com and I think we would find it a really useful tool sadly its not available in the UK.
Hi Jason,
Thanks, appreciate the info.
Tony
I love the goals sections of Mint, especially for crazy long term ones like retirement. It’s crazy to toss in a couple extra $100’s and see your retirement date go down a little.
The goals part of mint has always been my favorite, I like to play around with different amounts to figure out when I can be done with a debt.
I use Mint all the time to track my net worth. I’ve linked my investment accounts so I can get a nice overall snapshot every day/week/month. The only thing that bugs me is sometimes the categorizations are off, although this is probably due to my credit card companies. For example, if I get gasoline at a particular gas station, it is categorized as “fast food”. So until I correct it, it looks like I’m spending hundreds on fast food.
nice tool, I use it for second year, very helpful, to follow all you expenses,