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.
Here’s what the news means for consumers and what to consider when choosing a new budgeting service.
What is Mint?
Mint, acquired by Intuit in 2009, is a free personal finance app. It has long been one of the most widely used and highly rated budget apps. Mint links to nearly all types of users’ financial accounts, such as credit cards, investments and loans.
Mint’s loyal following has gravitated toward its comprehensive features, including the ability to review spending, track net worth and personalize goals and budgeting categories.
What’s happening to Mint?
In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.
While several Mint features will live on in the Credit Karma app (such as spending and net worth tracking), setting monthly budgets and customized categories won't make the cut. It’s unclear whether these capabilities might move over eventually.
The good news is that Mint isn’t shutting down overnight. The company is giving Mint users “ample time” to plan for the change, an Intuit Credit Karma spokesperson said in a statement.
Those who rely on the app will have several months to gather their financial information from Mint and search for an alternative budgeting tool. Still, this window may not feel long enough for some users. Here are steps you can take to make the change less painful.
First, take stock of any stored information you don’t want to lose. You can download your existing Mint transaction data as an Excel spreadsheet by following the instructions on Mint’s help center page. Taking screenshots of helpful charts or insights is another option.
Then, make a list of the Mint features you used most often or that were most helpful to you. Refer to this list when exploring what replacement apps have to offer.
What to look for in a new budgeting app
There are plenty of other budget apps out there that can help fill the void once Mint shuts down. Many personal finance websites, including NerdWallet, offer free money management tools. Compare NerdWallet vs. Mint to learn how their features line up and differ.
PocketGuard is a free service that highlights your spending and net worth and allows you to budget for goals. YNAB is a popular app that also lets users create customized plans for their money, but it has a subscription fee.
Mint users don’t necessarily have to start from scratch. Some apps, like Monarch and YNAB, allow new users to manually import data files from their banks or other personal finance apps. Like Mint, there are many other apps that automatically sync with users’ financial accounts. Some may even pull multiple years of your transaction history, which can be ideal if you don’t get a chance to save your Mint data before it vanishes.
Before committing to a paid budget service, take advantage of free trial periods — if offered — to learn whether it’s worth the money. And before signing up for any budgeting service, read reviews in app stores and on trusted financial websites.
An app’s community and customer service (or lack thereof) may be worth paying attention to as well. Mint’s large user audience and customer support made it easier for many to learn and troubleshoot.
Get more financial clarity with NerdWallet
Monitor your credit, track your spending and see all of your finances together in a single place.
Intuit is asking Mint users to move to Credit Karma, one of the company's other personal-finance platforms. On Credit Karma, you will still be able to view your bank accounts, transaction history, spending, cash flow, and net worth.
Budgeting apps are a great way to get a grip on your finances. Typically, they link to your banking, credit card and investment accounts and can track your purchases and show you how close you are to reaching your savings goals.
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.
The Mint app is shutting down on March 23, so users have to find alternative options soon. Mint users can download their transaction history and transfer it to another budgeting tool. You can also reflect on which features you liked most and test out new budgeting apps.
But on March 23, the popular app shut down, leaving millions of people in need of a new budgeting tool. Intuit -- the company that owned and operated Mint -- encouraged people to switch to Credit Karma, which it acquired in 2020. But Credit Karma only lets you view your latest transactions and monthly spending.
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.
According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.
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. Here's what the news means for consumers and what to consider when choosing a new budgeting service.
One of the biggest Mint competitors is You Need a Budget, or YNAB. It can get very specific in your expense tracking and categorization. Most folks love it because of that, as well as its zero-based budgeting method.
Mint, the budgeting app owned by Intuit, is shutting down. Intuit announced on Tuesday that Mint will get absorbed into Intuit's other service, Credit Karma, when it officially goes away on January 1st, 2024 (via Bloomberg).
Rocket Money has a lot of the same features as Mint, offering free basic budgeting features and more advanced options -- automated savings, net worth tracking and credit reports -- with its paid tier.
The original personal finance dashboard, Mint.com's relatively meager ARPU of $2-$3 proved “they had the wrong business model”, said ex-Mint.com product manager and Monarch Money CEO Val Agostino—giving the product away for free and monetizing off referrals .
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 ...
The Mint app will shut down on Jan.1, 2024, and users are encouraged to migrate over to Credit Karma, according to a company spokesperson. Mint users will be notified both in the app or by email when they can move their account data to Credit Karma as part of a phased rollout, the company says.
We've moved some of Mint's most popular features to Credit Karma Net Worth. You will be notified when it's time to move, but you can check out what's in store below in the meantime.
Mint is frost tolerant. It usually dies back in the winter but comes back in spring. Because mint tends to take over, many gardeners plant mint in a small pot and then plant that pot in the ground or inside a larger container.
Introduction: My name is Edwin Metz, I am a fair, energetic, helpful, brave, outstanding, nice, helpful person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
