Mint.com – Awesome Budgeting Resource
Amy | January 14, 2010

Last week, I wrote a post about how to create a simple budget that works for you. There are tons of resources both online and off that can help you with budgeting and keeping track of your money. One such resource is Mint.com.
Mint.com is a fantastic FREE website that helps you budget and plan for your financial future. I first heard of Mint.com from a blog I read religiously, The Centsible Life. (You should too; she is a very smart gal.)
Mint.com offers some amazing tools for personal budgeting, financial planning, and saving. Here is how it works:
- Sign Up. First, you sign up. A logical first step.
- Set Up Accounts. This includes loans, mortgages, credit cards, checking/savings accounts, investment accounts, etc. Every account you can think of, set it up. All you have to do is enter your online log in information for each of these accounts and Mint.com pulls everything from those sites.
- Add Your Assets. Enter your address to get the value of your home. Go to Kelley Blue Book to f ind out the value of your car(s).
- Watch your accounts in action! You will see the information come together in graphs and bar charts like you never dreamed possible. See where your money is going at any given time. Each time you sign in, the accounts automatically update.
- Know what is going on. Mint.com will alert you when your accounts get low or your are close to your limit on your credit car. This could save you hundreds in fees and overage charges. Plus, by seeing everything on a regular basis, it’s easier to keep a handle on your spending.
- Time to Save. So now, you’ve got a handle on where your money is going and how it all works together. But how do I cut out some unnecessary expenses? Mint.com offers suggestions on areas you could save money based on your current accounts!
OK, I know what you’re thinking. “Amy, there’s no way I’m putting all of my login information into this website! It doesn’t sound very secure. “ I thought the same thing until I read about the site’s security. Mint.com uses the same security practices as many US financial institutions. (You can read about their information here)Plus, you cannot move any money on this site. And they will even alert you of any suspicious activity.
Overall, I think this site is amazing. I have only been using it for a couple of weeks and I don’t know how I ever managed without it before. The only thing I don’t see it accounting for is accounts that are not available on the internet. I suppose there are not many out there that fall into this category, but I have a couple that I have been unable to add for this reason.
Check out Mint.com and let me know how you like it!























