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Mint is a FREE online personal finance (web 2.0) service similar to Quicken. Over the past several years, I’ve taken for a test spin with my personal finances. With Mint, you have no local software to install, and it’s a service you can access with any browser or mobile device.

Cost – 10

Customer Service – 6

Ease of Use – 9

Tools & Resources – 8

Synchronization – 7

Accessibility – 8.5


Free personal finance app Mint can make budgeting and expense tracking paying easy. It can even track your credit score. However, when it comes to investing, there are many more sophisticated products, and users have complained about problems with the bank synchronization functions.

What Is the Mint App?

With more than 20 million users, is a simple personal finance program that’s web-based. It’s free to sign up, and it takes only a few seconds to add new accounts. I picked ten personal accounts to test the service. I selected a mixture of banking, credit cards, loans, and investing in brokerage accounts. Upon initial setup, seamlessly downloaded my financial data.

Every time you visit the site, your financial data gets updated automatically. Mint presents your financial information in a slick, easy-to-use web interface, with pretty graphs and all.

Although the service appears to be more about glitz than useful functionality, it’s still very helpful for things like budgeting, creating goals, and aggregating all your financial accounts in one place. Mint’s dashboard gives a quick summary of your personal finances at a glance. Features

Price Min: $0, Max: $0, Term: free
Bill Payment
Investment Tracking
Access Web Based, iOS, Android
Credit Score Monitoring
Bill Management
Retirement Planning
Tax Reporting
Reconcile Transactions
Custom Categories
Import QFX, QIF Files
Two-Factor Authentication
Online Synchronization

Budgeting and Tracking Expenses

Mint’s primary feature is all about budgeting and tracking expenses, and this is where the service shines. Budgeting is super easy to set up: After downloading and syncing your transactions, they will get auto-categorized into predefined categories. You can create your own subcategories but, unfortunately, cannot modify the important ones.

You also have the option to make changes to your transactions after they are downloaded. The auto-categorization is far from perfect, and you’ll need to make adjustments from time to time. However, once Mint memorizes your transactions, it will automatically place them in the correct categories in the future.

Creating and Managing Goals

Another prominent feature is the goal tracking and managing feature. New goals, such as paying off credit card debt or saving for a new home, are simple to set up and are easily reflected in your monthly budgeting.

Monitoring Credit Scores

Mint recently rolled out a free credit score tracking option, which makes keeping track of your entire financial picture as easy as logging in. Just click on the “Show Details” button to view your credit score, payment history, age of credit accounts, and lots more. You also have the chance to upgrade to a premium version.’s service seems to be more focused on catering to the masses. It’s very strong with budgeting and tracking expenses, but its investing area is simplistic at best. Like most of Mint, it’s much simpler than Intuit’s Quicken and lacks many features (see our Quicken Review).

With the acquisition of Mint by Intuit, it’s obvious this is the future of the Quicken product line. Besides, Microsoft discontinued Money in January 2011, so there aren’t many viable alternatives around.

Investing & Crypto Tracking

Another useful Mint feature is its crypto and investing tracker. Users can now connect their investment accounts to Mint to easily monitor their portfolio. The app supports most online brokers, so you shouldn’t have issues connecting your accounts.

Additionally, Mint now partners with Coinbase, a leading crypto exchange, to let you track your Bitcoin holdings. If you diversify with BTC, this feature is useful, although having support for altcoins like Ethereum, Cardano, and other popular coins would be nice. Apps

Mint offers complete access to your financial data through both its website and your favorite mobile device. The service has mobile apps for Apple’s iPhone and iPad and Google’s Android. This makes it easy to access your finances on the go. For added security, Mint recently rolled out the Touch ID sensor for iOS that reads your fingerprint and automatically unlocks your phone, allowing you quick access to the app.

First released in 2012, Mint QuickView is a companion app available only for Apple’s OS X operating system. It’s another method to get a quick glimpse into your personal finances. Mint QuickView is easy to install from Apple’s App Store and syncs up with your account. You then get a green leaf at the top of your toolbar that’s always running in the background.

The app will alert you via badge notifications of changes to your finances. If you have Apple’s Mountain Lion or Mavericks edition of OS X, it can also put notifications into your message bar, which is quite useful. QuickView has similar functionality to Mint’s website and is recommended if you use Apple’s OS X and like Mint’s service.

Get Alerts From Mint

Mint keeps an eye on your money, so you don’t have to. It’s easy to sign up for alerts to be sent via email or directly to your smartphone. Get alerts for:

  • Late fees
  • Over budget in a category
  • Bill reminders
  • Rate changes
  • Large purchases Screenshots

How Does Mint Make Money?

The service is free to use, and there are no hidden fees; this is otherwise known as the freemium model. You might be asking, “How does Mint make money from this free service?” Well, it makes money by offering “ways to save” or to make you money by recommending various financial services from which Mint gets a referral fee. Mint also recently introduced ad banners in various parts of the website to monetize users. Additionally, you can now sign up for premium access to your credit report.

Mint also sells the aggregate (not your individual) financial data to various providers. This includes information about consumer spending, the average credit card balance, how many retirement accounts a user may have, etc. It must be stressed, however, that the data is collected anonymously and does not refer back to individual usage.

Mint Premium vs. Free Plan

Users can upgrade to Mint Premium for $4.99 per month. This plan removes ads from the platform and provides several other perks like:

  • Bill negotiation and cancelation help with Mint’s partner, BillShark
  • Spending projections and breakdowns with advanced data visualization
  • Download Mint data in a CSV file from the mobile app
  • Compare your spending habits to other Mint users

Removing ads is honestly the main advantage of Mint Premium unless you really make use of its spending projections to avoid overspending before it’s too late. But at $4.99 per month, that’s almost $60 per year, which isn’t cheap by any means.

Is Mint Secure?

I think locally installed applications like Quicken are going the way of the dodo bird. I do think a hybrid of local and remote (cloud-based) applications like is the future of this industry.

Since I’m in the technology industry and deal with security all the time, I know the risks of leaving security to a third party. Mind you. I’m not saying Mint is insecure. In many cases, an individual’s desktop computer is much less secure. Of course, the perception of security is Mint’s biggest adoption roadblock.

The recently added two-factor authentication is a nice but needed touch for any financial service. Mint won’t allow you access to your account until you validate your computer with something you have (this is the second factor, with your password being your first). You can do this via one of two methods, either via the email address when you signed up or by an SMS text message to your cellphone. Mint will send you a random code, which you then must enter on the website.

Mint Alternatives

Mint is an excellent budgeting and financial planning app that’s popular because it’s free and easy to use. However, it has fairly simple investing features. Additionally, since Mint does a bit of everything, it’s not always the best solution if you’re looking to solve one specific problem, like creating an in-depth budget.

If you’re just interested in budgeting help and want the most customization options, YNAB is our favorite Mint alternative. It costs $14.99 per month, but it’s a comprehensive budgeting solution that can help get you back on track with your spending. You can read our YNAB vs. Mint article for a complete breakdown of these two budgeting apps.

As for Personal Capital, it provides more retirement planning tools and has a useful and free investing fee analyzer you can use. And if you have $100,000 or more to invest, you can use its Wealth Management offering and work with human advisors to build a custom portfolio.

Finally, Experian can help you improve your credit score, while Mint is just useful for monitoring your credit score.

Get more Mint Alternatives we recommend.

How Does It Compare to Quicken?

While I use Quicken as our primary method to manage our entire finances, I have also somewhat outgrown Quicken as well. Recently, I’ve been creating Microsoft Excel spreadsheets for managing parts of my portfolio. Specifically, I manage our precious metals and our security bucket (which is primarily fixed income) outside Quicken.

Quicken, or any other application for that matter, does not seem to have tools to help manage these areas of your finances. To manage these assets, I wind up transferring the total amount into a Quicken account. With this said, Quicken still has many features and functionalities that in Mint are either very simplistic or non-existent.

For a more in-depth comparison of the two, read our Quicken vs. Mint article.

Mint Pros & Cons


  • Free app provides a decent overview of your spending and budgeting
  • Budget customization options
  • Easy-to-use mobile app
  • Track your investment portfolio and Bitcoin holdings


  • You can’t pay your bills with Mint
  • Some users report synchronization issues and slow customer support
  • Limited investing tools and features


Mint is excellent for creating and tracking your budget, goals, and credit score. The alerts sent via email are a useful and welcomed feature. Unfortunately, Mint’s investing area is very weak for all but the basic investors. In fact, the investing area is so weak that they don’t list it on their website as one of the primary reasons to use

Mint, unfortunately, does not have investment and asset allocation tools like Personal Capital (check out our Personal Capital review). If you have over $100,000 in investments, Personal Capital is a much better fit.

Besides, Personal Capital doesn’t have the same synchronization issues as When Intuit acquired, it replaced Yodlee (which does the financial synchronization) with its internal system.

Many users of stated synchronization issues started happening only after this switchover occurred. Personal Capital uses Yodlee to link up accounts (which is what Mint used before the Intuit buyout). My experience Personal Capital’s synchronization has been more reliable.

Until May 2018, Mint offered a Bill Pay feature that was very handy. However, the company decided to nix this service, for reasons not entirely clear to us. This puts a strike against Mint if you’re looking to manage your finances from one account completely. Here are some bill management alternatives.

We recommend using Mint for its basic budgeting, goal, and credit score features. Since does not cost anything to use, you might as well sign up and give it a spin. For better investment tools and more reliable synchronization, I recommend using Personal Capital instead.

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