A Budgeting Tool to Use in the New Year: A Review of Mint.com (2024)

FAQs

What budgeting app should I use now that Mint is gone? ›

YNAB (which stands for You Need a Budget) uses the zero-based budgeting method. With this method, you take the money you've earned and assign each dollar to a particular category until you have $0 left. You can assign your money manually or use Auto-Assign for recurring bills and expenses.

Rocket Money

You select your price, and you get the same features however much you pay. It also has a seven-day free trial to test it out, as well as a bill negotiation service. Rocket Money won our 2024 Editors' Choice awards for best budgeting app.

In less than two weeks, the budgeting app Mint — which once had 3.6 million active users, including me — will shut down forever. According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January.

The Mint budgeting app officially shut down on March 23, 2024, and users can no longer access their data on the app. Intuit®, which owns Mint and other personal finance platforms like QuickBooks® and TurboTax®, suggested users migrate to Credit Karma, which it also owns.

The reason for closing down the Mint app is the supposed consolidation of Intuit's personal finance products and to prioritize their focus on Credit Karma, which has more features and functions than Mint. However, some key features that made Mint what it is are said not to be available in Credit Karma, like budgeting.

Credit Karma

This is the tool that Intuit is steering Mint users toward. While there are some tracking tools and you can see your net worth (including investments), some of the budget tools will be lost. You can import Mint data, though, and see your balances across various credit cards and loans.

Mint, a budgeting app acquired by Intuit in 2009, is shutting down as of Saturday, March 23, 2024. Mint shows users an overview of their financial well-being by displaying the current status of multiple linked accounts on one screen.

Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company's decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement.

Can I trust Mint? ›

Mint is a personal finance app that is safe to use. The company has safety features including multi-factor authentication and security scanning tools to keep your account and personal data safe.

Mint recently announced: “Reimagining Mint as part of Intuit Credit Karma will expand our capabilities,” which is them trying to put a positive spin on the fact that they're shutting down their budgeting app capabilities—and Mint budgeters won't be able to access their budgeting accounts or continue budgeting starting ...

Monarch Money provides a financial framework for zero-based budgeting. With this approach, you allocate every dollar you earn to expenses and savings. Monarch is more than just a budgeting app. It provides everything you need to manage your personal finances.

Millions of users trust Mint with their information. That's because Mint uses the same 128-bit SSL encryption and physical security standards as your bank. Mint is also verified and monitored by online security experts at TRUSTe and VeriSign, among others.

Transferring Data To Credit Karma

Note that once you transfer to Credit Karma, you will no longer be able to access Mint but can still download transactions. Credit Karma will inherit some of Mint's most popular features and offer new ones.

Monarch is better than Mint ever was. Mint consistently had trouble importing data from several of my accounts, so I'd need to reconnect them every month or two. Those same accounts stay linked up in Monarch.

Mint is the clear winner in the budgeting category. It has a full-featured budgeting functionality that you can access from your mobile or desktop. Empower, on the other hand, does not offer a full-function budgeting tool. You can monitor cash flow but cannot set specific spending targets.