25 Sep 2007...22:05

Mint.com

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This is absolutely amazing! I can’t tell you how long I’ve been looking for the ultimate way to track your spending. It’s here.

I have been creating spreadsheets to tracking spending, following a detailed budget, and entering every single transaction I have into a banking program. That’s all fine and good at the micro-level, but here comes Mint.com, an easy to use website for managing your finances — on autopilot.

The best part is this: Mint connects to your banks and downloads all your transaction data, aggregates it, and analyzes it. You have a live snapshot of your finances — your savings and debts. It will alert you when your balances go below a certain level or if you’re close to a credit card due date. It will even tell you your spending habits and if you’re spending more on shopping this month than you do on average.

Mint takes security seriously and has a strong privacy and security policy. How do they make money? By giving you offers to save money, like transferring to an E*Trade account or getting a credit card with a lower interest rate.

1 Comment

  • thepennypincher
    11 Oct 2008 at 22:16

    Unfortunately, Mint.com cannot be used by Canadians (you need a zip code to sign up). Fortunately, I found another option: clearcheckbook.com. I can’t download data from my banks directly, but it is pretty user friendly. There are not adds, but you can make a donation to help the developers pay for their costs.

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