Mint, a popular personal finance app, has announced its shutdown by the end of 2023. With over 25 million users, Mint users will need to find suitable alternatives to manage their budgets, track expenses, and achieve their financial goals. Fortunately, there are several other competitive options available in the market to fulfill their personal finance needs.
Empower Budgeting App
Empower, formerly known as Personal Capital, is a comprehensive budgeting app that provides users with a platform to manage both their banking and investment accounts. With Empower, users can easily track their expenses and budget their finances effectively.
Empower offers budgeting and spending tracking features for free, allowing users to gain insights into their financial habits and make informed decisions. The app provides a user-friendly interface, making it easy for users to categorize their expenses and understand where their money is going.
Additionally, Empower offers investment management services at an extra cost. Users who are looking to take control of their investments can utilize Empower’s tools and resources to monitor their portfolio performance and make strategic investment decisions.
While Empower may not have the same level of expense tracking and credit monitoring features as Mint, it is still a reliable option for individuals who want to manage both their spending and investing in one place. With Empower, users have the convenience of accessing their banking and investment accounts in a single app.
Overall, Empower is a powerful budgeting app that empowers users to take control of their finances. Whether it’s tracking expenses, managing investments, or monitoring credit, Empower provides the tools and resources necessary to achieve financial goals.
Quicken
Quicken is another viable option to consider as an alternative to Mint. It offers two distinct alternatives, namely Quicken Classic and Quicken Simplifi. Both options require a monthly subscription fee, which varies based on the chosen tier.
With Quicken, users can expect a user-friendly interface that simplifies expense tracking and budget creation based on expenses. Quicken also provides a more in-depth budget forecast feature, projecting future spending based on income and expenses, allowing users to plan their finances more effectively.
A standout feature of Quicken Simplifi is its focus on tailored spending plans. It allows users to customize their budgets based on their specific needs and goals. Additionally, Quicken Simplifi is currently offering a 40% discount to new customers, making it an attractive option.
With its comprehensive set of features and emphasis on personalization, Quicken is a strong contender for those seeking budgeting software that enables expense tracking, budget forecasting, and the ability to set and achieve their savings goals.
Simplifi
Simplifi is a mobile app offered by Quicken that specifically targets app-based users looking for an intuitive budgeting solution. This user-friendly budgeting app provides a personalized budgeting experience based on individual preferences. Users have the option to choose budgeting methods like zero-based budgeting or the 50/30/20 rule to tailor their financial management approach.
In addition to robust budgeting features, Simplifi also offers credit monitoring capabilities, ensuring users can keep track of their credit health. This credit monitoring functionality is similar to what was provided by Mint, giving users peace of mind while managing their finances.
One of the key advantages of Simplifi is its user-friendly interface, which makes it easy for both new and experienced users to navigate the app and access the necessary financial information. Whether it’s tracking expenses, setting financial goals, or monitoring credit health, Simplifi provides a seamless and intuitive experience.
For existing Mint users looking for a suitable alternative, Simplifi offers an enticing incentive. By migrating to Simplifi, Mint users can enjoy a substantial 50% discount, making the transition more financially beneficial.
Rocket Money
Rocket Money, formerly known as Truebill, is a versatile budgeting app that offers a comprehensive suite of financial management services. Users can seamlessly connect their accounts to Rocket Money and harness its powerful tools to gain control over their finances.
One of the standout features of Rocket Money is its advanced expense categorization capability. With this feature, users can easily track their expenses and gain insights into their spending patterns. By categorizing expenses, users can identify areas where they can cut back and save money.
Setting savings goals is crucial for any effective budgeting strategy. Rocket Money enables users to establish personalized savings goals and track their progress. Whether it’s saving for a vacation, a down payment on a house, or an emergency fund, Rocket Money helps users stay motivated and on track towards achieving their financial objectives.
Rocket Money also recognizes the importance of monitoring one’s credit score. Similar to Mint, Rocket Money offers credit score monitoring to help users stay on top of their credit health. A good credit score can open up opportunities for lower interest rates on loans and better financial options. Rocket Money ensures that users are informed about any changes in their credit score and guides them in taking steps to improve it.
While Rocket Money may not offer the same level of granularity in expense tracking as Mint, it compensates with a range of free features. Users can enjoy basic budgeting functionalities without paying any fees. This makes Rocket Money an attractive option for individuals who are looking for a budgeting app that offers essential features at no cost.
YNAB
You Need a Budget, or YNAB, is a popular budgeting tool known for its zero-based budgeting method. This approach requires users to allocate every dollar towards expenses and savings, facilitating better control over their finances. With YNAB, you can customize your budget according to your specific needs and goals. Whether you want to reduce debt, save for a vacation, or plan for retirement, YNAB provides the flexibility to adapt your budget accordingly.
One of the key features of YNAB is its savings goal tracking system. It allows you to set specific targets and monitors your progress towards achieving them. Whether you’re saving for a down payment on a house or a new car, YNAB keeps you motivated and on track.
Before committing to a subscription, YNAB offers a free trial period for users to explore its features and determine if it aligns with their financial needs. However, keep in mind that after the trial period ends, YNAB does require a subscription fee to continue accessing its full functionality.
Overall, YNAB is an excellent choice for individuals and families looking to take control of their finances and create a solid budgeting foundation. By implementing zero-based budgeting and utilizing the customization and savings goal tracking features, you can effectively manage your money and work towards achieving your financial goals.
Monarch Money
Monarch Money is a comprehensive personal finance app designed to provide users with a holistic view of their finances. With Monarch Money, you can easily link your accounts and track your expenses, net worth, and investments in real-time. This budgeting app offers detailed expense tracking features that allow you to categorize and analyze your spending patterns.
Monarch Money also provides powerful investment monitoring capabilities, enabling you to keep a close eye on your investment portfolio’s performance. With clear and customizable dashboards, you can quickly assess your financial health and make informed decisions.
One of the standout features of Monarch Money is its goal monitoring functionality. You can easily set financial goals, such as saving for a vacation or paying off debt, and track your progress towards achieving them. This helps you stay motivated and make adjustments to your budget as needed.
Additionally, Monarch Money supports collaboration, making it an excellent choice for couples or families managing their finances together. You can easily share financial information and work towards common goals, all within the app.
Monarch Money is an ideal budgeting app for individuals who want a comprehensive solution for managing their financial lives. Whether you want to track your expenses, monitor your net worth, or stay on top of your investments, Monarch Money has you covered.
Goodbudget
Goodbudget is a personal finance app that offers a modern take on the traditional envelope system. With its cash-forward approach and manual input feature, users can track their expenses and manage their budgets effectively.
Unlike Mint, Goodbudget does not automatically link to bank accounts for expense tracking. Instead, users manually input their account balances and transactions, allowing for a more hands-on and intentional approach to financial management.
One of the key features of Goodbudget is its envelope system, which allows users to categorize their expenses and allocate funds accordingly. This system is similar to Mint’s categories, providing users with a clear overview of their spending habits and financial goals. By dividing their money into different virtual envelopes, users can easily monitor their spending in various categories.
While manual input may require more effort than automatic expense tracking, Goodbudget’s cash-forward approach encourages users to be more mindful of their spending. It promotes a deeper understanding of where their money goes and empowers them to make informed financial decisions.
Goodbudget’s user-friendly interface and intuitive design make it easy for users to navigate the app and stay on top of their budgets. Whether users are new to budgeting or financial experts, Goodbudget offers a simple and effective solution for expense tracking and budget management.
If you prefer a more hands-on approach to managing your finances and want to take control of your budget, Goodbudget is a great option to consider. Its envelope system, expense tracking functionality, and cash-forward approach make it a valuable tool for anyone striving to maintain financial stability and achieve their financial goals.
To visually represent the concept of Goodbudget’s envelope system, here is an image:
EveryDollar
EveryDollar is a popular choice for individuals who follow the zero-based budgeting method. This personal finance app offers both a free and premium version, giving users the flexibility to choose the features that best suit their needs.
The premium version of EveryDollar allows users to connect their bank accounts, enabling automatic transaction tracking similar to what Mint offered for free. This feature saves time and effort by importing financial data directly into the app.
However, if you prefer a more hands-on approach to budgeting, EveryDollar’s free version is an excellent option. While it does not have the automatic transaction tracking feature, it still provides a user-friendly platform for creating and managing a zero-based budget.
With EveryDollar, you can manually input your income and expenses, giving you a clear picture of your financial situation and enabling better control over your money. This manual transaction input ensures that you have complete awareness of every dollar you allocate.
If you are familiar with Dave Ramsey’s financial principles, EveryDollar is a perfect fit for you. Its zero-based budgeting approach aligns with Ramsey’s philosophy of comprehensive financial planning.
PocketGuard
PocketGuard is a budgeting app that helps users track their expenses and save more. With PocketGuard, you can gain a clear overview of where your money is going each month and have better control over your finances.
One of the key features of PocketGuard is its expense tracking capabilities. The app automatically syncs with your bank accounts and credit cards to provide real-time updates on your spending. You can easily categorize your expenses and see exactly how much you’re spending in different categories, such as groceries, entertainment, and transportation.
But PocketGuard goes beyond just tracking expenses. It also offers personalized suggestions for saving opportunities based on your spending patterns. The app analyzes your financial habits and identifies areas where you can cut back or save money. Whether it’s reducing unnecessary subscriptions or finding better deals on your regular expenses, PocketGuard helps you make smarter financial decisions.
In addition to expense tracking and saving suggestions, PocketGuard allows you to set savings goals. Whether you’re saving for a vacation, a down payment on a house, or an emergency fund, the app helps you stay on track by showing your progress towards your goals. You can set specific targets and monitor your savings growth over time.
What sets PocketGuard apart is its user-friendly interface. The app is designed to be intuitive and easy to navigate, making it accessible to users of all levels of financial literacy. The interface is clean and visually appealing, providing a seamless experience as you manage your money.
Overall, PocketGuard is a powerful budgeting app that can help you take control of your finances, track your expenses, and work towards your savings goals. Its combination of expense tracking, saving suggestions, and user-friendly interface makes it a great choice for anyone looking to improve their financial management.
Tiller Money
Tiller Money is a unique budgeting app that leverages the power of spreadsheets to effectively manage your finances. With Tiller Money, you can create and customize spreadsheet templates tailored to your specific financial needs. Whether you’re budgeting, tracking debt payoff plans, or monitoring your net worth, Tiller Money provides the flexibility and control of spreadsheets.
What sets Tiller Money apart is its seamless integration with financial institutions. It automatically updates your spreadsheets with transaction data, saving you time and effort. You can easily categorize your expenses, track your income, and see a comprehensive overview of your financial situation.
Tiller Money goes beyond basic budgeting. It allows you to generate customizable reports that provide detailed insights into your spending habits and financial patterns. With these reports, you can gain a deeper understanding of your finances and make informed decisions about your budget.
One notable feature of Tiller Money is its cash flow forecasting tool. You can forecast your financial future by projecting your income, expenses, and savings goals. This enables you to make proactive financial choices and plan for the future.
With Tiller Money, you have complete control over your financial data. Your information remains secure as it is stored directly on your personal computer or cloud-based storage. Tiller Money prioritizes privacy and ensures that your sensitive information is protected.
Tiller Money is a versatile budgeting app that empowers you to take control of your finances through the use of customizable spreadsheets, automated updates, and advanced forecasting tools. Whether you’re an individual or a small business owner, Tiller Money offers a comprehensive solution for managing your money effectively.
Conclusion
The shutdown of Mint has left many users in search of alternative personal finance apps that offer similar features and functionalities. Fortunately, there are several competitors in the market that provide a range of options for budgeting, expense tracking, and financial planning. Each app has its own unique set of features and pricing models, allowing users to choose the option that best fits their needs and preferences.
By exploring these mint competitors, users can find the right personal finance app to effectively manage their money. Whether it’s tracking expenses, setting budgeting goals, or monitoring investments, these apps provide the necessary tools to help users stay on top of their financial game. It’s advised for Mint users to take the time to evaluate these alternatives and make an informed decision based on their specific requirements.
In conclusion, the closure of Mint does not mean the end of personal finance management. There are plenty of robust budgeting apps, expense tracking apps, and financial planning tools available to fill the void. It’s time for Mint users to discover new alternatives and continue their journey towards financial stability and success.
