Note: I am not using Mint.com, yet. My brother told me about it today and I have not had a chance to sign up.
Mint is a budget and financial planning site. The idea is simple, enter any accounts you would like to track along with your passwords and Mint starts tracking your finances. You can create a budget and Mint automatically tracks purchases and enters them for you.
You are anonymous on Mint in order to add an extra level of security, which was my one concern. I am not completely sold on the idea of giving my account number and password to this site. According to Mint, your information is secure as well as your money.
Mint.com uses bank-level data security verified by Verisign and TrustE. You’re anonymous on Mint.com; you don’t share your name, address, social security number or account numbers. You can save money — but you can’t transfer money — using Mint.com. In fact, with Mint.com’s automatic email and SMS alerts, you can increase your online security by learning of – and acting on — any suspicious activity in any of your accounts more quickly. Learn more about how Mint.com keeps you safe.
I am always looking for ways to simplify my finances and Mint might be an easy way to track everything. There is even an iPhone app, that allows you to check your financial data even if you are away from home. According to the website, it takes about 5 minutes to set up your accounts and start tracking. Once you are set up, Mint will even suggest ways for you to save money!
The best part about Mint is it’s free. I plan on signing up later this week and giving it a trial run. Have you used Mint? If so I’d love to hear your opinion.