Question: Is Mint Worth Using?

Is Mint com safe to use?

If you need an easy-to-use tool for tracking your spending and keeping tabs on your budget, Mint.com is an excellent choice (among many other finance app alternatives).

Quick answer: Mint uses bank-level encryption and monitoring through various 3rd parties companies for read-only access to your financial accounts..

Is there a better app than mint?

#1 Personal Capital If you are looking for a web-based finance app that focuses on investing, this is the app we recommend. … Like Mint, Personal Capital is free to use. Unlike Mint, which focuses a lot on budgeting and where your money has gone, Personal Capital emphasizes investing and saving for retirement.

What happens if Mint gets hacked?

In the event a hacker gets access to a user’s information, Mint is designed as a read-only format – meaning that even if as account and information are exposed, the hacker won’t be able to do much with it given that full account information and usernames won’t be displayed.

Is Mint com really free?

Mint is free to use, and there are no hidden fees. You might be wondering how they make money. … Mint also sells the aggregate (not your individual) financial data to various providers. Things like: consumer spending, the average credit card balance, how many retirement accounts a user might have, etc.

Does Mint sell your data?

Though Mint does aggregate and sell consumer data, it anonymizes and pools the data to protect user privacy. … The information collected and sold provides insight into average spending, saving habits, and banking fees.

What is the best way to use mint?

Here are my favorite ways to use Mint, plus a few tips and tricks you might not know about.Tracking Net Worth. … Checking Total Spend by Dates. … Monitoring Category Spending. … Creating a Budget. … Setting and Tracking Goals. … Creating Categories and Tags.

Does Mint report to IRS?

The IRS cannot secretly access information in Mint. They can however subpoena Mint data. … It is more likely that a request for Mint data would come up during an audit and would require the taxpayer to provide the information directly.

Is personal capital better than Mint?

Personal Capital is better equipped to help you analyze and adjust your investment strategy. … MoneyPatrol will give you a more complete picture of your investments than Mint. But If you are looking for help managing your investments, then Personal Capital is the clear winner.

Has mint been hacked?

“When you give Mint your bank password, you don’t give them permission to make transfers,” Saunders said. … It is worth pointing out that Mint has never had to announce a security breach – unlike Chase, which last year reported a cyber attack had compromised 83 million of its accounts.

What happened Mint?

In 2009, personal-finance behemoth Intuit bought Mint, an impressive startup. And then it let its $170 million acquisition wither on the vine. … You still can’t merge Mint and TurboTax accounts, so every spring I endure a laborious import/export ordeal.

You could use the Mint app manually without connecting with any banks or other accounts. It will be a little bit cumbersome as the app is obviously designed to work through integrating with online accounts. … Then name the cash/debt account anything you like. Repeat for each account value you want to track.

How do I use mint taxes?

To set up a tax season savings goal, head to the Mint website and click Goals > Add a Goal > Create a Custom Goal. Name your goal “2012 Tax Payment,” choose the Bills and Taxes category and set the total amount you want to save.