Squeeze More Money From Your Monthly Budget With Mint.com
September 19, 2007 by Mark
Filed under Personal Finance
Check out Mint.com.
This a free web based solution for managing your finances and it just might save you some dough. Mint helps to find lower prices on the financial services you use each month and higher rates for your interest earning accounts.
Mint automatically categorizes all your purchases, showing you how much you spend on gas, groceries, parking, rent, restaurants, DVD rentals and more, with amazing precision. An advanced alerting system highlights any unusual activity, low balances, unwanted fees and charges, and upcoming bills so you’re in constant contact with your money – effortlessly.
Your registration can be anonymous using any email address.
Mint is connected to 3500 financial institutions and, “…Mint constantly searches through thousands of offers from hundreds of providers to find the best deals on everything from bank accounts to credit cards; cable, phone and Internet plans, and more. Mint’s suggestions are “unique to you” as they are based on your individual spending patterns. For example, if you have $20,000 in a bank account that’s earning no interest, Mint might recommend a high interest rate savings account from ING or HSBC. Acting on that suggestion would give you an extra $900 in interest income over a year.”
Since their system is constantly being updated, your accounts within Mint.com are also always up to date.
They have a very informative financial blog also.
I’m going to try this service out and I’d love some reader feedback if anyone else wants to sign up and try it.
Have you seen our Electric CheckBook entry for RailsRumble07? It was completely designed and built by our 3-man team during the 48-hour Rails competition.
ElectricCheckBook - http://electriccheckbook.com
RailsRumble07 - http://vote.railsrumble.com
Its flexible double-entry ledgers can be shared within a group enabling remote partners, your accountant and spouse can share access to the appropriate accounts without emailing files back and forth.
Mint is obviously a bit more mature, but ours was designed, developed and launched in 48 hours. It has already replaced Quickbooks for our small distributed team and handles our accounting, project budgeting, and contractor timesheets. We’ll continue to add features that we need to manage our personal and business finances.