Who uses Mint?

[Anonymous]

I've had Mint for a year or so now, and they keep track of all my spending and when credit cards hit me with fees. I applied for my Slate on their recommendation as well and they provide me with my credit score.

How many of you use Mint? What do you like/dislike?

[mongstradamus]

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@Anonymous wrote:

I've had Mint for a year or so now, and they keep track of all my spending and when credit cards hit me with fees. I applied for my Slate on their recommendation as well and they provide me with my credit score.

How many of you use Mint? What do you like/dislike?

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I use mint for basic budgeting and stuff like that i just like to see how my spending is month to month and what i am spending money on. I like it for what it does for me.  

[DeeBee78]

I used it, up until about a year ago. I decided to stop, because I could not get a realistic picture of my finances with it.

You can't add all credit accounts, so your credit utilization, DTI, and overall credit profile is not accurate. 

[lenz99]

I use mint iOS app, but it seems to have some major problem with keeping info udpated, some cards never update for weeks. It's unreliable and I just use it for reference only now.

[Anonymous]

Was using it until April. I liked the convenience but the way it automatically set up specific bill reminders and budget amount alerts was annoying. Would have preferred the option to set those myself from the start not have to go in and delete or change them. After the last update it was unusable. Wouldnt update a few accounts, lot of error messages, placed purchases in the wrong categories. Stopped using anything until I recently found Personal Capital Finance. Definitely prefer it.

[DeeBee78]

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@Anonymous wrote:
Was using it until April. I liked the convenience but the way it automatically set up specific bill reminders and budget amount alerts was annoying. Would have preferred the option to set those myself from the start not have to go in and delete or change them. After the last update it was unusable. Wouldnt update a few accounts, lot of error messages, placed purchases in the wrong categories. Stopped using anything until I recently found Personal Capital Finance. Definitely prefer it.

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I completely forgot about the wrong category problem.

No matter how many times I told it my car payment was NOT alcohol and bars, it continued to categorize it as such. Plus having to go in and categorize hundreds of dollars of UNKNOWN transactions was tedious. 

[Anonymous]

I experience a lot of these same problems.

Also tried Level and that seemed to be worse. I would make a purchase and a day or two later it told me that I had made that purchase.

[Anonymous]

I love mint. I don't have any problems with it, I'll take a quick glance every day. Those bill emails are kinda annoying. 

[Anonymous]

I've been using it for years - on iOS as well as Android (switched phones last year).  I only have a few bank accounts, a few credit cards, and a handful of student loans.  The majority of my expenses are food and the loan payments - so not much of an issue with categorization.  It's true that accounts may not update once in a while;  but it usually fixes itself within a day or two.  One of my credit cards was not supported by Mint when I originally started using it; but they eventually added it a few months later after I requested (and probably many others).  

I mainly use Mint to track account balances - checking/saving/CC/student loans.  For me, it's accurate.  They also provide a free credit score/mini-report from Equifax which you can update once every three months (I'm pretty sure it's three months).

I'm not sure if there's an account limit?  But if you have multiple accounts not supported by Mint, if you make tons of transactions to unpopular businesses (may set to uncategorized)... Mint may not be for you.  You'll spend most of your time making adjustments to portray your expenses correctly.  However, it is free and does it's job pretty well despite the previously stated quirks.  I haven't missed any credit card or loan payments; partially due to the bill reminders and partially due to me being able to refer to past expenses paid through the app - to make sure I covered everything.

Their website has a great little feature for people to set up financial goals as well.  You can estimate how long it'll take you to save X amount of money or to pay off a loan/CC if you were to pay X amount a month.

I haven't found a better mobile alternative.

[Anonymous]

I use mint, and log on daily for a couple minutes to categorize my previous days purchuses properly. The main feature I enjoy is the budget, one thing I have found is that at least for me using it on the computer gives more functionality than on my tablet or phone.