Mint is a financial budgeting tool that helps you manage all your incoming and outgoing money in one place. You can add all your accounts, credit cards, debit cards, PayPal wallets and other financial units on to Mint.com. By adding all these accounts, you can keep tabs and track your money to know exactly where you are saving and where you are investing.
Simultaneously, Mint also helps you to manage your bills and other payments by giving a message alert so that you never miss your payment or pay a fine! This is the best part of Mint as it always allows you to stay on top of your money and time. Not only that, Mint.com has over 20 million users and there is also an online version that helps you manage your finances directly from there. Starting around the year 2006, it is an old-timer in the world of financial apps. And it’s free to use, helping many learn the basics of budgeting.
However, mint alternatives include features that make Mint seem like a toy.
12 Mint Alternatives To Kiss Mint Goodbye!
What’s wrong with Mint in 2020?
Although Mint is convenient and established, many users are dissatisfied with Mint these days. There are some negative aspects of Mint which make the users opt for different alternatives that are available in the market.
Here are some common reasons for why users switch to mint alternatives:
- Mint has one of the biggest problems with customer data sync. It does not connect with smaller banks and your connectivity with different banks is interrupted. Mint.com often asks the users to rebuild the connectivity with banks and your data might stay without being updated for days or weeks.
- Mint vigorously shows ads on its website related to your search and preferences which hinders the user interaction with the dashboard and leaves a bad experience.
- They do not even provide any fine investment tool when compared to its alternatives. It’s OK to use Mint’s investment tool for a short period but one cannot continue using it for the long term.
- They also have very poor customer service support which is claimed by many users. There are several unresolved complaints, unanswered questions, and a lack of support for users.
- Lack of reconciliation i.e. the data you downloaded is assumed to be correct and you cannot reconcile against your transactions or bank statements.
So are you ready to shift from Mint? Is Mint no longer synching with some of your accounts? If so, we will cover some of the best Mint alternatives and why you should consider the hassle of switching to another budgeting and money management software. If you’re looking to move on (and if you’re tired of constantly fixing your account connections!), you might find your next personal finance budgeting here.
Quick suggestion for two mint alternatives
Personal Capital is picked by many as the best Mint alternative because they do the best job capturing your finances holistically. It has the best suite of investment tools available plus a robust budgeting system too. And it’s free.
You Need a Budget (YNAB) is the best budget transition software available – it’s more than just a tracker. They have these four “rules” that help change your relationship with your budget. It’s a methodology on top of a tool.
1. Personal Capital – free financial dashboard plus wealth and retirement planning
Personal Capital is a web-based, focused on investing but with an eye towards tracking expenses and budgeting, and, best of all, it’s also free.
Personal Capital has a suite of investing related tools that Mint simply doesn’t. We are less interested in expense tracking features and more interested in getting a better handle on where our investments are and Mint wasn’t cutting it anymore as you feel like you’re looking backward. With Personal Capital, you have a better idea of where you’re going; if that makes any sense.
Personal Capital is free. It’s free because they offer wealth management, similar to Betterment, and not because it’s supported by advertising. If you’re sick of all the ads for new credit cards and other financial products, then you’ll be relieved to know Personal Capital doesn’t have those!
2. Tiller – level up your spreadsheets with automation
If you prefer taking everything in-house and tracking your money with a spreadsheet for free, Tiller is the only option on the list that will help you achieve that. With Tiller, you put your budget into a spreadsheet and they will do the work of pulling your transaction data from your financial institutions.
Founded in 2015, it’s the only service that will sync your financial transactions into a completely customizable spreadsheet (they support Microsoft Excel and Google Sheets). It’s only $6.58 a month (billed at $79 per year), but you get access to a bunch of templates to get your spreadsheet started if you don’t have one yet.
3. You Need a Budget – a better budgeting methodology and education
Mint is a powerful budgeting app but if you want to really get a handle on your budget, you need to be looking forwards and not backwards. You Need a Budget, also known as YNAB, is great for budgeting because it is based on zero-based budgeting and projecting your budget forward.
YNAB focuses on four rules – Give Every Dollar a Job (ie. zero-based budgeting), Embrace Your True Expenses, Roll With The Punches, and Age Your Money – which helps you take what you’re doing now and put it in a framework that sets you up for financial and budgeting success into the future. Whereas Mint is about tracking and trying to stay in line, YNAB is about setting the future and allocating your next paycheck – it’s a subtle difference that has helped a lot of people change their financial future.
YNAB has a $11.99 monthly fee (only $84 if you pay annually) after an initial 34-day free trial.
4. PocketSmith – plan your budget and project with confidence
PocketSmith is a fully-featured budgeting tool that uses calendars and the idea of “event-based budgeting.” Rather than viewing your transactions strictly as a ledger, this approach uses a calendar and keeps track of recurring expenses alongside one-time transactions to give you a better understanding of your spending. If you’re more of a visual planner who likes to see when charges will hit your account, their view can help you see it clearly.
PocketSmith has a free option that makes you manually import transactions, 12 budgets, 2 accounts, and projections for 6 months out. Premium ($9.95/mo) will get you automatic transaction importing, unlimited budgets, 10 accounts, and 10 years of projections. Super ($19.95/mo) gives you unlimited accounts and 30 years of projections.
5. MoneyPatrol – complex comprehensive paid tool with live demo
MoneyPatrol is a relative newcomer but it offers some of the most advanced personal finance dashboard tools. It was founded by Bhushan Lengade who has a rich background in analytics and data. In fact, for over three years, he was the Head of Analytics for Mint.com and Quicken before he left for other opportunities. He wanted to build a tool that would fix all the problems Mint overlooked successfully doing a great job addressing many of those issues.
The impressive part about MoneyPatrol is how comprehensive it is – you can do detailed cash flow management, study your spending trends, as well as analyze your investments. Simply go to the homepage and click on View Demo (next to the orange Sign Up button). MoneyPatrol has a 15-day free trial and is only $59.99 a year.
6. EveryDollar – Dave Ramsey’s budgeting tool
EveryDollar is a budgeting tool affiliated with Dave Ramsey (Lampo Group) and works off the principle of zero-based budgeting. It’s a very beautiful looking app, available on iPhone and Android, and you have the option of using the free version of the paid Plus version ($129/year).
The big difference between the free version and the paid version is that the paid version has phone support and automated transaction imports/downloads (this is a huge difference). So unless you pay, you have to manually enter transactions.
7. GoodBudget – support envelope budgeting methodology
Do you like the idea of envelope budgeting? If so, GoodBudget is a free budgeting app based on that method. If you aren’t familiar, envelope budgeting is where you set your budget ahead of time (rather than just tracking) into categories, which you track with envelopes of money. You don’t have to use envelopes or cash but the idea is based on actual cash in envelopes. You spend down the amounts in your envelopes and you can borrow from different envelopes if you overspend in a category.
This method is popular because it abandons credit cards as a tool, which is more often than not a detriment anyway. GoodBudget uses technology to help you manage it without envelopes and can sync with your bank to track spending and income. It’s available for both iOS and Android phones.
8. MoneyDance – avoid the cloud, locally stores your data
You may be surprised to know that MoneyDance is one of the very few personal finance tools that does not upload your data to the cloud. They offer the ability to link accounts online for automatic transaction updates or you can do everything manually.
It was lauded by the Washington Post as being a solid contender to Quicken (and thus Mint) and they offer a free trial plus a 90-day money-back guarantee.
MD is one of the few options that keep your data local and if that’s important to you, take a look at this money app.
9. CountAbout – can import your data, small company feel
CountAbout is one of the few personal finance apps that can import data from Quicken and mint, which makes a transition to this app much less painful if you’re a data junkie. Unlike Mint, it’s not free but the price point is very affordable – $9.99 per year for the Basic product and $39.99 per year for the Premium. (the main difference is that Premium supports automatic downloading of transactions, Basic does not)
10. PocketGuard – freemium and budget focused
PocketGuard is a freemium budgeting app that can link up all your financial accounts in one place – from credit cards to banking to investments to loans, it’s a full spectrum of your finances while adding in a savings component by giving you recommendations on where you can save. You can also build a personalized budget using your data as a baseline and then use it to help set goals for yourself.
The free version has much of the same features as Mint but the Plus, which is $3.99 per month or $34.99 per year, lets you add new categories and track cash transactions.
11. Banktivity – built specifically for MacOS
Banktivity is a personal finance money manager built specifically for the MacOS – which is surprisingly rare. It works on the Mac, iPad, and iPhone and syncs your data on the cloud so you’re always up to date. Banktivity’s features include budgeting, tracking spending, scheduling and paying bills, monitoring your investments (including real estate), and pulling data from financial institutions.
It also has some great reporting features that, if you’re a report junkie like me, you will probably really enjoy building, tweaking, and rebuilding. It is not free, it costs a one-time fee of $69.99 but there is a 30-day trial (no credit card required).
12. Wally – completely free budgeting application
Wally is one of the newer entrants but it’s a budgeting only tool. It’s very well designed that helps you track spending and fully understand your budget, with only a few hiccups that are to be expected from a new-ish tool. The one downside and this is probably because they are completely free, is that you can’t download transactions. You have to manually enter them which can be a good thing. If it’s not automatic, it means you don’t have to log into your accounts through the tool, in case security is a concern for you.