Mint is an online application for tracking your spending. It has a beautiful interface, and it’s slogan is “We are refreshing money management.” I’d say refreshing is an appropriate description of the way Mint.com looks. The graphics are extremely pleasing to the eye, and the whole application is very intuitive.
Adding an account to Mint is easy and intuitive. Just plug in your information, and Mint does the rest. When your transactions are updated, Mint automatically categorizes them. If you want to change the categories, it’s really simple to change multiple transactions at the same time. There’s also an option to automatically categorize transactions from a single store into a single category, such as putting all Winco transactions into the grocery category.
In addition to categories, you can put labels on your transactions for easier searching later. I haven’t used this yet, but it might be useful to add labels like “Christmas” to keep track of all your Christmas spending.
Mint really shines in it’s ability to give you a quick snapshot of how you are spending your money. In the Spending Trends tab, there’s a beautiful pie chart, showing you where your money went. In addition, there are bar graphs which shows you a comparison of your spending in each category over the last 6 months. Finally, there’s a running tab of the stores you shop most frequently, the number of transactions at each store, and how much you’ve spent at each store.
If you’re looking for ways to save money, Mint delivers. In the Ways to Save tab, Mint analyzes what you’re spending on things like your phone and internet service, and if Mint knows of a better deal, it lets you know.
What I really like about Mint is that my accounts are always up to date. I don’t have to do anything special to update my accounts. When I log into Mint, I know that all of my transactions are there, up to date, and ready for me to analyze.
Who should use Mint?
Mint is a really great application for anyone who wants a quick and accurate look at their spending habits. Since it’s an online application, you can access mint from multiple computers. If you want an application that’s easy to use, give Mint a try!
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I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
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