Have you heard of Mint.com? If you haven't, I highly recommend that you try it out, and here's why:
What is Mint.com?
Mint.com is an online budgeting site, but it's more than that... Mint.com gives you a realtime look at your finances via a secure internet connection. It allows you to set up your budget and your goals, tracks your spending, tracks your goal progress, alerts you when payments are due, and gives you up to the minute accounting of your net worth! All of this in one little website!!
How does it work?
While the setup is a little bit daunting, it's well worth the effort. You provide Mint.com with your financial information (please note, this includes usernames and passwords for your various accounts), and it compiles all of that information in one place. It shows you the balances of all of your cash accounts, and compares that to the balances owed on your loans, credit cards, and other obligations. You can also input your street address, and it will calculate the value of your home and include that in your net worth.
What are some of the benefits?
Mint.com auto-categorizes your spending based on transactions. If you use your debit card and make a purchase of $100 at a local grocery store, Mint.com automatically recognizes the grocery store chain, and deducts that $100 from your grocery budget. If Mint.com doesn't know how to categorize a transaction it alerts you so that you can update that information, allowing more accurate reporting.
Aside from alerting you when a transaction needs categorizing, Mint.com will also alert you when the balance in a checking or savings account gets low, or if you have an upcoming bill due. As well, Mint.com will offer you savings tips and ideas based on fees that you pay on your current accounts. Ultimately, bill paying, and account choices are yours to make, but Mint.com makes it easier for you to see what your options are.
Mint.com Mobile
Not only can you access Mint.com via computer, but it is also available as an app for both Android and iPhone! You can have access to all of your account balances at your fingertips at all times.
You no longer have an excuse for forgetting when bills are due, or inadvertantly overdrawing your checking account, Mint.com has your back on these things! The greater advantage of Mint.com; it's completely free! The longer you use the system, the more intuitive it becomes. It begins to recognize your spending patterns, and allocates the transactions to the appropriate categories with more accuracy. It's a powerful site, and a wonderful tool for keeping track of you spending and finances!
No comments:
Post a Comment