Now a days it becomes quite easy to manage your personal expenses, to stick with a preplanned budget, taking investment decision in comparison to before. All your personal finance management is on your fingers. Yes, the personal finance app called Mint is here to manage all your financing management issues. Mint app is one of the best money management tool you can download on any of your device easily. This is one of the top personal financing app of 2019.
About Mint App
Contents
Mint is an online personal financing app which is totally free to download and use. This Mint.com is a service and the service launched its app to avail the budget managing services easily at their own devices, You don’t need to install any software to use Mint services, you can install it on any browser or mobile devices within few seconds.
What is Mint app and how it works?
Mint.com is a web-based online personal finance management platform, The services have achieved more than 15 million users. You can sign up to the services few within seconds and add your account. It manages all your banking transactions, credit cards, loans, investment projects. It updates all your financing data automatically, just install the app and set up to download all your financial data.
The Mint app comes with a userfriendly and easy to use web interface, all your financial data will be updated on your every visit to the site with proper information in a good manner like graphs, tables and all. The Mint service is the best solution at one place of all your personal management issues. It is one of the best tools to manage your budget, create future goals and collect your account information at one online platform.
Mint app security
You can download Mint mobile app on android, iPad or iPhone and get the complete access to all your financial data. Mint is a secure app, for security concern, The touch id scanner is rolled out to the app for ios users, You need to press this sensor with your fingerprint, it will scan your fingerprint and unlock the phone to provides quick access to the Mint.
Mint provides Timely notification alerts
Apart from managing your financial stuff the app also sends you the alerts directly on your mobile phones or through the mail. It keeps all your financial stuff data updates. You get the alerts for:
- Late fees
- Over budget in a category
- Bill reminders
- Rate changes
- Large purchases
Mint.com Features
| Price | FREE |
|---|---|
| Budgeting | yes |
| Bill Payment | No |
| Investment Tracking | Yes |
| Access | Website, iOS App, Apple Watch, Android App, SMS |
| Credit Score Monitoring | Yes |
| Bill Management | Yes |
| Retirement Planning | No |
| Tax Reporting | Yes |
| Reconcile Transactions | No |
| Currency Support | US/Canada |
| Custom Categories | Yes |
| Two-Factor Authentication | Yes |
| Import QFX, QIF Files | NO |
| Online Synchronization | Yes |
| Promotions | None |
Track your budget and Expences
The main features of the Mint app are tracks all your expenses and manage your budget. To manage your budget using Mint is quite easy, To complete this purpose you need to download and install the app on your device, after that sync your financial transaction to it, The service will locate it to the predefined categories. There is a lot of subcategories you can create under the main category as per your choice but you can not change the main category.
You can create your own subcategories but unfortunately cannot modify the top-level ones. In the start, you need to change in your transaction time to time but as the app memorize your transactions, it starts to categorize them automatically in the correct category.
Manage and track your Goal
The 2nd best features of the Mint is it helps you to manage and track your goals., You can easily set your new goals like paying credit card bills, saving money for a future venture or to buy a car, home or property. It will be set up in your budget after setting up once.
Monitor your Credit scores
Recently the company rolled out the Free credit score tracking option to the Mint. By using this option you would be able to keep the record of all your financial data and track them just in one click. You need to click on the Show details button, and it will show all your payment history, age of credit loans, investment in currency, maturity and other credit details.
How Does Mint make Money?
As we all know the Mint is free to use service, there no hidden fee or cost charged by the services, overall it is a freemium model. Now the question is how Mint making money from its free services. Well, Mint has a lot of ways to make money, It earns a referral fee from the financial organisations by recommending them to the Mint Users. The Service also places the ad banners on its official sites to monetize itself. Recently the company announced the Premium version of Mint that you can sign up to get the premium features.
The Mint does not provide the financial data of the individual ones to the financial organisation, it avails the average data of uses, like credit card balance, monthly spending etc.
Is Mint Secure to use?
If we talk about the security of the Mint app than we can not say it’s proper secures because it is not secured to handle your financial data with a third-party app, either it’s Mint or any other financial app. But still, the Company provides the two-way authentication process to secure the financial status of individuals. Either it will send you a code on your registered mobile no while doing sign in or you need to use your email address. Mint won’t allow you access to your account until you validate your computer with something you have. You will have to enter the code to the website to login which is sent on your mobile no.
So Mint looks secure like the banking and financial apps but you need to beware from the daily routine frauds and follow the security instructions of the financial organisations.
Final Words
So this was our reviews about Mint budget and bill management app. This is one of the most popular and convenient personal financing apps that you can prefer to use to manage your budget and other financial data.
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