8 Finest Mint Alternate options to Change the Budgeting App

Earlier November 2023, Mint introduced that it’ll shut down on the finish of the yr. Greater than 25 million customers use the Mint private finance app to handle their budgets, observe bills, create monetary objectives, and save for each short-term and long-term wants. Intuit—Mint’s mum or dad firm since 2009—mentioned within the announcement that Mint customers can transfer to a different Intuit property: Credit score Karma.

Whereas Credit score Karma may be one choice to handle your finances, there are many different budgeting-app options to select from. Right here’s how they stack up towards OG budgeting app Mint. And first, right here’s what is going to occur if you happen to’re caught within the Mint meltdown.

Mint shutting down: Regularly requested questions (FAQs)

When is Mint shutting down?

On March 23, 2024, Mint will shut down, and customers will not have entry to their Mint accounts anymore.

What is going on to Mint accounts?

Mint is giving customers a few months to maneuver their accounts to both Credit score Karma or one other budgeting app of their selection. Whilst you can select emigrate to Credit score Karma, even that transfer gained’t be an computerized change. You’ll have to take the steps to maneuver over your info as soon as Intuit alerts customers it’s time.

Are all monetary establishments supported by Mint supported by Credit score Karma?

Whereas Credit score Karma presents a number of the similar features that Mint does, you won’t discover all the similar options if you happen to make the change. That’s as a result of Credit score Karma doesn’t provide budgeting options as Mint does. Consequence: You won’t have entry to some monetary establishments once you transfer your accounts to Credit score Karma.

Are you able to export and migrate your Mint knowledge?

Sure, you’ll be able to obtain your knowledge that’s on Mint earlier than it shuts down. Remember to try this as quickly as potential.

What folks favored about Mint

Launched in 2007, Mint was one of many very first private finance budgeting apps available on the market. Mint customers beloved to prepare transactions into completely different classes to trace and monitor spending. Setting month-to-month budgets was a beloved characteristic that additionally gained’t make the leap to Credit score Karma, leaving Mint orphans to search out different budgeting choices. Learn beneath to see which choices could be one of the best match for you and the way they examine to how Mint works.

8 Mint options

1. Empower vs. Mint

Empower —previously Private Capital—is a strong place to handle each your banking and funding accounts. It began out as an funding software, which does value additional for its administration companies, however its budgeting and spending tracker is free.

Whereas the funding monitoring helps it stand out, you’ll be able to handle investments by means of different, extra easy-to-use apps, comparable to Robinhood or SoFi. Empower has loads occurring—greater than Mint ever did—however it could possibly get convoluted and complicated, particularly if you happen to solely need to use it for budgeting and to trace spending.

You’ll be able to join all your accounts without cost and monitor transactions, however you may discover it lacks extra sturdy expense monitoring that you simply beloved in Mint. You additionally don’t get credit score monitoring as you probably did by means of Mint, which provided a free credit score rating possibility.

You may like Empower if you wish to observe each spending and investing. However if you wish to get into the thick of your spending and expense monitoring, you might need to look elsewhere.

2. Quicken vs. Mint

Quicken presents two Mint rivals: Traditional and Simplifi. Each merchandise cost for his or her companies, starting from $2 to $9 a month, relying on the tier you select, whereas Mint was free. Whereas Quicken is without doubt one of the leaders in private finance software program courting again greater than 40 years, Mint was one of many authentic private finance apps to launch straight to your fingertips.

Quicken will provide new clients as much as 40% off the common subscription worth of its menu of non-public finance merchandise as of Jan. twenty fifth, 2024, for a restricted time. Reductions vary from 17% to 40%, relying on the product, with annual financial savings of as much as $52.80.

Quicken presents a extra in-depth finances forecast that initiatives the place your cash goes primarily based in your earnings, present transactions, and bills. Whereas Mint did have a breakdown of how a lot cash you’d have left over after your spending, Quicken takes a extra thorough method. 

3. Rocket Cash vs. Mint

Rocket Cash—previously Truebill—as soon as began out as a spot the place you could possibly ditch previous or undesirable subscriptions that may eat up your earnings. Whereas that’s nonetheless a characteristic, Rocket Cash additionally enables you to join your accounts to create a customized finances and observe all your spending. You’ll be able to create spending and financial savings objectives in addition to test your credit score rating and report, simply as you probably did with Mint.

A lot of the worth comes from the way it helps you eliminate undesirable subscriptions, however Rocket Cash takes a portion of what it saves you as revenue. ( It doesn’t take something if it doesn’t decrease your invoice for you.) That is nice if in case you have a whole lot of undesirable subscriptions, however Rocket Cash lacks the specificity that Mint provided in monitoring bills and managing your cash. And also you’ll have to pay for some options—like creating limitless budgets—that Mint freely provided.

4. YNAB vs. Mint

One of many greatest Mint rivals is You Want a Funds, or YNAB. It may possibly get very particular in your expense monitoring and categorization. Most people adore it due to that, in addition to its zero-based budgeting technique. Die-hard YNAB customers swear by the way it’s helped them turn into extra financially unbiased and conscious of the place their cash goes.

A giant distinction is the associated fee. You could possibly use most of Mint’s fundamental options without cost, whether or not that was finances customization or financial savings objectives. For YNAB, the primary 34 days are free however after that, it prices $99 a yr. If you wish to take your budgeting significantly, you might need to decide into YNAB. The corporate claims to assist customers save $6,000 of their first yr. If that seems to be true for you, the financial savings far outweigh the associated fee.

Attempt YNAB without cost (you don’t even want so as to add a bank card to get it) and see for your self if it’s definitely worth the hype. However if you happen to don’t need to get too particular about your budge—otherwise you need to follow strictly free variations—you’ll be able to look elsewhere for one more app.

5. Simplifi vs. Mint

Simplifi additionally comes from Quicken however doesn’t appear like its older sibling. It targets cellular app customers greater than software-based shoppers just like the Traditional model. It’s inexpensive as effectively (although Mint was free) however doesn’t provide a whole lot of credit score monitoring choices like Mint did. It’s additionally one of many extra user-friendly choices round.

Please be aware that customers who migrate to from Mint to Simplifi will get a 50% low cost as of Jan. fifth, 2024.

6. Monarch Cash vs. Mint

Like YNAB, Monarch Cash costs one of many highest charges to make use of its budgeting app. However you’ll get limitless budgeting, banking connections, and collaborators. This makes it an awesome possibility for households who observe bills collectively or if you wish to add your monetary group to see your spending and different accounts.

Monarch Cash excels at permitting collaborators to see your account, which Mint didn’t actually do. So if you happen to’re budgeting solo, this gained’t matter an excessive amount of. Nevertheless it additionally has a number of the similar main options—comparable to syncing your web price, itemizing your transactions, creating budgets and financial savings objectives, and extra. However you don’t get a credit score rating or report with Monarch Cash, which many people like as an added characteristic.

Monarch Cash is at the moment operating a promotion by means of the tip of the yr the place you will get a free 30-day trial and 50% off your first yr with the code MINT50. 

RELATED: 50/30/20 Rule

7. Goodbudget vs. Mint

The basic envelope system is reinvented for the digital age with Goodbudget. The envelope system—an old school budgeting technique the place you used envelopes labeled along with your bills listed on them—is a cash-forward method. People who like that self-discipline could be completely happy transferring to Goodbudget.

The envelopes are classes, just like what you’d see on Mint. However you don’t join financial institution accounts and as an alternative manually enter account balances and transactions to remain on prime of your spending. The additional work won’t be for everybody however if you happen to don’t like the thought of syncing accounts to a different app, it might be just right for you.

8. EveryDollar vs. Mint

That is one other zero-based budgeting possibility that has a fundamental free model, however costs $80 a yr for the premium model. You’ll have to pay for premium to attach your checking account to the app (Mint did this without cost).

Other than making a finances and financial savings plans, there isn’t a complete lot provided on the free model because you’ll have to manually enter transactions, together with earnings and bills. The paid model is expensive simply to sync accounts, however if you happen to’re a fan of Dave Ramsey, you might need to preserve this one helpful.

TIME Stamp: Evaluate Mint options

For longtime Mint customers, discovering a brand new budgeting and private finance app may take some additional work. It’s not at all times enjoyable, however do not be afraid to check out a couple of completely different apps till you discover one you want. A lot of the ones listed provide free trials, so use that point to mess around along with your choices.