Then, any time you spend money, your purchases will automatically be categorized in the budgeting section (occasionally this is inaccurate, so you may have to manually change the category on some purchases). The app allows you to link all of your financial accounts. Generally speaking, it’s more focused on tracking your net worth and investments, but it also has a budgeting section that offers the same income and expense tracking as Mint. Personal Capital has been around since 2009, but it has gained quite a bit of popularity in the past few years. Here are the 11 best Mint alternatives to help you manage your finances more effectively: In This Article 11 Best Mint Alternatives for 2023 Though it does an excellent job of helping people with their budgets, there are still several great alternatives to Mint worth checking out. It lets you see all of your accounts in one place, stay on top of your bills, create budgets, and access your credit score. Mint is certainly a helpful money management tool. That’s the problem set out to solve when it was first released back in 2006. If you have numerous financial accounts (who doesn’t these days?), managing them all can get overwhelming. This does not influence our recommendations or editorial integrity, but it does help us keep the site running. In terms of value, I'm honestly not sure if I save $100 per year, since I was very frugal even before YNAB, but the mental clarify of having full transparency into my current and future choices is easily worth $100 to me.At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click. The result is that mental tradeoffs are significantly more clear, and I can prioritize better. Pre-YNAB, I'd think "Do I want to spend $50 on dinner now, or do I want to save it?" With YNAB, I think, "Do I want to spend $50 on dinner now, or do I want it for my vacation in December 2024?" (Most people probably have fewer categories) I'm probably more type-A than most YNAB users, but I have 50+ categories to stash money into, including things like future vet bills, future car maintenance, specific funds for vacation in Spring 2024, Summer 2024, December 2024, etc. So no more "5k wiggle room cash on hand for random things in the future" - everything is planned. But with YNAB, I budget much further out into the future, and I do so in granular detail. I'd be focused on the current month, or maybe one month ahead. YNAB has a philosophy called "give every dollar a job." At first, this feels so intuitive that it's almost silly, but after you've used YNAB for 3+ months, it builds steam.įor instance, if I know now that I'm going to need new tires next summer, I can think "Do I want to spend $50 on dinner out today, or put the $50 into my 'new tires' fund to use in May? With Mint, I wouldn't be thinking about May. I had good savings so I easily had ~5k of comfortable wiggle room floating around if I needed it for random expenses, but I also wasn't planning ahead in detail.Įxample: Need new tires? Yeah, I had the cash, but I wasn't really expecting/tracking those things, so sometimes a bunch of expenses would all hit at the same time. I've always been good about saving and tracking my spending, but with the way I used Mint, I usually only focused on the current month. I didn't understand this until after I switched to YNAB, but Mint wasn't future-focued enough for me.
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