April 23, 2024

Earlier November 2023, Mint introduced that it’ll shut down on the finish of the 12 months. Greater than 25 million customers use the Mint private finance app to handle their budgets, observe bills, create monetary targets, and save for each short-term and long-term wants. Intuit—Mint’s mum or dad firm since 2009—mentioned within the announcement that Mint customers can transfer to a different Intuit property: Credit score Karma.

Whereas Credit score Karma is perhaps one choice to handle your funds, there are many different budgeting-app alternate options to select from. Right here’s how they stack up towards OG budgeting app Mint. And first, right here’s what’s going to occur in the event you’re caught within the Mint meltdown.

featured companion

featured companion

Empower Budgeting App

Options

Tracks web price, budgeting, and automated categorization; you possibly can add funding administration providers for a further price.

Mint shutting down: Steadily requested questions (FAQs)

When is Mint shutting down?

On March 23, 2024, Mint will shut down, and customers will not have entry to their Mint accounts anymore.

What is going on to Mint accounts?

Mint is giving customers a few months to maneuver their accounts to both Credit score Karma or one other budgeting app of their selection. Whilst you can select emigrate to Credit score Karma, even that transfer gained’t be an automated change. You’ll have to take the steps to maneuver over your info as soon as Intuit alerts customers it’s time.

Are all monetary establishments supported by Mint supported by Credit score Karma?

Whereas Credit score Karma presents among the identical capabilities that Mint does, you won’t discover the entire identical options in the event you make the swap. That’s as a result of Credit score Karma doesn’t supply budgeting options as Mint does. Outcome: You won’t have entry to some monetary establishments if you transfer your accounts to Credit score Karma.

Are you able to export and migrate your Mint information?

Sure, you possibly can obtain your information that’s on Mint earlier than it shuts down. You’ll want to do this as quickly as doable.

What folks appreciated about Mint

Launched in 2007, Mint was one of many very first private finance budgeting apps in the marketplace. Mint customers cherished to arrange transactions into completely different classes to trace and monitor spending. Setting month-to-month budgets was a beloved function that additionally gained’t make the soar to Credit score Karma, leaving Mint orphans to seek out different budgeting choices. Learn beneath to see which choices can be one of the best match for you and the way they examine to how Mint works.

8 Mint alternate options

Tracks web price, budgeting, and automated categorization; you possibly can add funding administration providers for a further price

Join financial savings, checking, investments, retirement accounts

Out there in App Retailer and Google Play together with quick access by way of your desktop

Easy interface to trace spending and create a funds based mostly on bills

Can join accounts or manually add transactions

Use by way of the App Retailer or Google Play

Construct a funds by way of particular person expense categorization and create financial savings targets each individually and with a companion

Connect with banking accounts; additionally enables you to reduce undesirable subscriptions

Out there in each the App Retailer and Google Play in addition to their web site

$99 a 12 months or $14.99 a month and free for the primary 34 days

Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

Connects main accounts to trace each greenback you might have

Use by way of the App Retailer, Google Play, or in your desktop

Begins with monitoring bills to construct a personalised funds based mostly in your preferences, like zero-based budgeting or 50/30/20

Import banking transactions and arrange flexibility with categorization

Out there by way of the App Retailer and Google Play

$14.99 a month or $99 a 12 months

Price range creation with or with no companion (you possibly can even invite your monetary advisor) and likewise observe investments

Makes use of AI to attach and monitor transactions

Out there in App Retailer for each iPhone and iPad in addition to Google Play

Makes use of the envelope system to trace spending and bills

Manually add transactions and account info, however doesn’t connect with accounts

Get within the App Retailer or Google Play

Zero-based budgeting choice that provides funds customization and financial savings monitoring

Doesn’t sync accounts until you pay for the premium model

Out there within the App Retailer and on Google Play

1. Empower vs. Mint

Empower Budgeting App

Options

Tracks web price, budgeting, and automated categorization; you possibly can add funding administration providers for a further price

Empower —previously Private Capital—is a strong place to handle each your banking and funding accounts. It began out as an funding software, which does price additional for its administration providers, however its budgeting and spending tracker is free.

Whereas the funding monitoring helps it stand out, you possibly can handle investments by way of different, extra easy-to-use apps, comparable to Robinhood or SoFi. Empower has loads happening—greater than Mint ever did—however it might get convoluted and complicated, particularly in the event you solely wish to use it for budgeting and to trace spending.

You possibly can join your entire accounts totally free and monitor transactions, however you would possibly discover it lacks extra strong expense monitoring that you simply cherished in Mint. You additionally don’t get credit score monitoring as you probably did by way of Mint, which provided a free credit score rating choice.

You would possibly like Empower if you wish to observe each spending and investing. However if you wish to get into the thick of your spending and expense monitoring, you might wish to look elsewhere.


2. Quicken vs. Mint

Quicken

Charges

$3.99 to $8.99 a month

Options

Easy interface to trace spending and create a funds based mostly on bills

Quicken presents two Mint opponents: Basic and Simplifi. Each merchandise cost for his or her providers, starting from $2 to $9 a month, relying on the tier you select, whereas Mint was free. Whereas Quicken is among the leaders in private finance software program relationship again greater than 40 years, Mint was one of many unique private finance apps to launch straight to your fingertips.

Quicken will supply new clients as much as 40% off the common subscription worth of its menu of private finance merchandise as of Jan. twenty fifth, 2024, for a restricted time. Reductions vary from 17% to 40%, relying on the product, with annual financial savings of as much as $52.80.

Quicken presents a extra in-depth funds forecast that initiatives the place your cash goes based mostly in your revenue, present transactions, and bills. Whereas Mint did have a breakdown of how a lot cash you’d have left over after your spending, Quicken takes a extra thorough method. 


3. Rocket Cash vs. Mint

Rocket Cash

Options

Construct a funds by way of particular person expense categorization and create financial savings targets each individually and with a companion

Rocket Cash—previously Truebill—as soon as began out as a spot the place you could possibly ditch outdated or undesirable subscriptions that may eat up your revenue. Whereas that’s nonetheless a function, Rocket Cash additionally enables you to join your accounts to create a personalised funds and observe your entire spending. You possibly can create spending and financial savings targets in addition to examine your credit score rating and report, simply as you probably did with Mint.

Many of the worth comes from the way it helps you eliminate undesirable subscriptions, however Rocket Cash takes a portion of what it saves you as revenue. ( It doesn’t take something if it doesn’t decrease your invoice for you.) That is nice in case you have quite a lot of undesirable subscriptions, however Rocket Cash lacks the specificity that Mint provided in monitoring bills and managing your cash. And also you’ll have to pay for some options—like creating limitless budgets—that Mint freely provided.


4. YNAB vs. Mint

YNAB Cash Administration Software

Charges

$99 a 12 months or $14.99 a month and free for the primary 34 days

Options

Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

One of many largest Mint opponents is You Want a Price range, or YNAB. It will probably get very particular in your expense monitoring and categorization. Most folk like it due to that, in addition to its zero-based budgeting methodology. Die-hard YNAB customers swear by the way it’s helped them change into extra financially impartial and conscious of the place their cash goes.

A giant distinction is the associated fee. You may use most of Mint’s fundamental options totally free, whether or not that was funds customization or financial savings targets. For YNAB, the primary 34 days are free however after that, it prices $99 a 12 months. If you wish to take your budgeting significantly, you might wish to decide into YNAB. The corporate claims to assist customers save $6,000 of their first 12 months. If that seems to be true for you, the financial savings far outweigh the associated fee.

Strive YNAB totally free (you don’t even want so as to add a bank card to get it) and see for your self if it’s well worth the hype. However in the event you don’t wish to get too particular about your budge—otherwise you wish to keep on with strictly free variations—you possibly can look elsewhere for one more app.


5. Simplifi vs. Mint

Simplifi

Charges

$2.39 a month (LIMITED TIME 3-month free trial to present Mint customers)

Options

Begins with monitoring bills to construct a personalised funds based mostly in your preferences, like zero-based budgeting or 50/30/20

Simplifi additionally comes from Quicken however doesn’t appear to be its older sibling. It targets cellular app customers greater than software-based shoppers just like the Basic model. It’s inexpensive as properly (despite the fact that Mint was free) however doesn’t supply quite a lot of credit score monitoring choices like Mint did. It’s additionally one of many extra user-friendly choices round.

Please observe that customers who migrate to from Mint to Simplifi will get a 50% low cost as of Jan. fifth, 2024.


6. Monarch Cash vs. Mint

free 30-day trial & 50% off first 12 months (MINT50)

free 30-day trial & 50% off first 12 months (MINT50)

Monarch Cash Administration Software

Charges

$14.99 a month or $99 a 12 months

Options

Price range creation with or with no companion (you possibly can even invite your monetary advisor) and likewise observe investments

Promotion

Free 30-day trial and 50% off your first 12 months with the code MINT50

Like YNAB, Monarch Cash fees one of many highest charges to make use of its budgeting app. However you’ll get limitless budgeting, banking connections, and collaborators. This makes it a fantastic choice for households who observe bills collectively or if you wish to add your monetary workforce to see your spending and different accounts.

Monarch Cash excels at permitting collaborators to see your account, which Mint didn’t actually do. So in the event you’re budgeting solo, this gained’t matter an excessive amount of. But it surely additionally has among the identical main options—comparable to syncing your web price, itemizing your transactions, creating budgets and financial savings targets, and extra. However you don’t get a credit score rating or report with Monarch Cash, which many people like as an added function.

Monarch Cash is at the moment operating a promotion by way of the top of the 12 months the place you may get a free 30-day trial and 50% off your first 12 months with the code MINT50. 

RELATED: 50/30/20 Rule


7. Goodbudget vs. Mint

Goodbudget

Options

Makes use of the envelope system to trace spending and bills

The traditional envelope system is reinvented for the digital age with Goodbudget. The envelope system—an old style budgeting methodology the place you used envelopes labeled together with your bills listed on them—is a cash-forward method. People who like that self-discipline can be glad transferring to Goodbudget.

The envelopes are classes, much like what you’d see on Mint. However you don’t join financial institution accounts and as an alternative manually enter account balances and transactions to remain on prime of your spending. The additional work won’t be for everybody however in the event you don’t like the thought of syncing accounts to a different app, it might be just right for you.


8. EveryDollar vs. Mint

EveryDollar

Options

Zero-based budgeting choice that provides funds customization and financial savings monitoring

That is one other zero-based budgeting choice that has a fundamental free model, however fees $80 a 12 months for the premium model. You’ll have to pay for premium to attach your checking account to the app (Mint did this totally free).

Apart from making a funds and financial savings plans, there isn’t an entire lot provided on the free model because you’ll have to manually enter transactions, together with revenue and bills. The paid model is expensive simply to sync accounts, however in the event you’re a fan of Dave Ramsey, you might wish to hold this one useful.


TIME Stamp: Evaluate Mint alternate options

For longtime Mint customers, discovering a brand new budgeting and private finance app may take some additional work. It’s not at all times enjoyable, however do not be afraid to check out a couple of completely different apps till you discover one you want. Many of the ones listed supply free trials, so use that point to mess around together with your choices.

** Empower Private Wealth, LLC (“EPW”) compensates Time Stamped for brand spanking new leads. Time Stamped isn’t an funding shopper of Empower Advisory Group, LLC.

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