Move Over Quickbooks & Microsoft Money

picture-13Many years ago I used quickbooks to keep my finances in order. I eventually switched to MS Money as I liked the way it was able to pull in the bank transactions from most of the banks I worked with. Last June, I started using a site called Mint.com that was supposed to simplify the way I managed my money. The first thing I thought when I heard of this site was, how safe can it be to give all of your information to one site. After reviewing their privacy policy and reading more about their company, I decided to give them a try. Since signing up to Mint.com I spend much less time on my computer balancing all of my accounts and am able to see where exactly we are spending our money. I can’t say that it has helped us cut back on our spending just yet but I’m working on that. Mint.com is by far one of the most useful sites online, excluding DealCatcher of course!

Mint Security / Privacy

  • You register anonymously.
  • they ask for your online banking user name and passwords, but do not see / store that information.
  • they connect securely to your financial institutions using one or more online financial service providers.
  • Click here for their privacy page

Pros of using Mint

  • Great reporting / budgeting features
  • Awesome iPhone App
  • All of your accounts can be viewed in one location (including checking, savings, 401k, loans & mortgages and more)
  • 24/7 Alerts that  let you know of any suspicious activity
  • Save time not entering all the data in yourself
  • It’s FREE!

Cons of using Mint

  • It’s a pain in the butt to set up all of your accounts
  • Occasionally some accounts need to be set up multiple times