8 Greatest Mint Options to Change the Budgeting App

Earlier November 2023, Mint introduced that it’s going to shut down on the finish of the 12 months. Greater than 25 million customers use the Mint private finance app to handle their budgets, observe bills, create monetary targets, and save for each short-term and long-term wants. Intuit—Mint’s mother or father firm since 2009—stated within the announcement that Mint customers can transfer to a different Intuit property: Credit score Karma.

Whereas Credit score Karma could be one choice to handle your price range, 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’s going to occur should you’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 alternative. Whilst you can select emigrate to Credit score Karma, even that transfer gained’t be an automated change. You’ll have to take the steps to maneuver over your data 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 gives a number of the similar features that Mint does, you won’t discover all the similar options should you make the swap. That’s as a result of Credit score Karma doesn’t supply budgeting options as Mint does. Consequence: You won’t have entry to some monetary establishments if you transfer your accounts to Credit score Karma.

Are you able to export and migrate your Mint knowledge?

Sure, you may obtain your knowledge that’s on Mint earlier than it shuts down. You should definitely do this as quickly as potential.

What individuals preferred about Mint

Launched in 2007, Mint was one of many very first private finance budgeting apps available on the market. Mint customers cherished to arrange 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 bounce to Credit score Karma, leaving Mint orphans to search out different budgeting choices. Learn beneath to see which choices could be the very 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 stable place to handle each your banking and funding accounts. It began out as an funding software, which does price further for its administration providers, however its budgeting and spending tracker is free.

Whereas the funding monitoring helps it stand out, you may handle investments by means of different, extra easy-to-use apps, similar to Robinhood or SoFi. Empower has so much occurring—greater than Mint ever did—however it will possibly get convoluted and complicated, particularly should you solely need to use it for budgeting and to trace spending.

You possibly can join all your accounts without spending a dime and monitor transactions, however you would possibly discover it lacks extra sturdy expense monitoring that you just cherished in Mint. You additionally don’t get credit score monitoring as you probably did by means of Mint, which supplied a free credit score rating possibility.

You would possibly 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, it’s possible you’ll need to look elsewhere.

2. Quicken vs. Mint

Quicken gives two Mint rivals: Basic and Simplifi. Each merchandise cost for his or her providers, starting from $2 to $9 a month, relying on the tier you select, whereas Mint was free. Whereas Quicken is likely 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 supply 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 gives a extra in-depth price range forecast that tasks the place your cash goes based mostly in your revenue, 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 possibly can ditch previous or undesirable subscriptions that may eat up your revenue. Whereas that’s nonetheless a characteristic, Rocket Cash additionally helps you to join your accounts to create a personalised price range and observe all your spending. You possibly can create spending and financial savings targets in addition to examine your credit score rating and report, simply as you probably did with Mint.

Many of the worth comes from the way it helps you do away with 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 when you have numerous undesirable subscriptions, however Rocket Cash lacks the specificity that Mint supplied in monitoring bills and managing your cash. And also you’ll have to pay for some options—like creating limitless budgets—that Mint freely supplied.

4. YNAB vs. Mint

One of many largest Mint rivals is You Want a Finances, or YNAB. It could actually get very particular in your expense monitoring and categorization. Most folk like it due to that, in addition to its zero-based budgeting methodology. Die-hard YNAB customers swear by the way it’s helped them develop into extra financially impartial and conscious of the place their cash goes.

A giant distinction is the price. You would use most of Mint’s primary options without spending a dime, whether or not that was price range customization or financial savings targets. For YNAB, the primary 34 days are free however after that, it prices $99 a 12 months. If you wish to take your budgeting significantly, it’s possible you’ll need to choose into YNAB. The corporate claims to assist customers save $6,000 of their first 12 months. If that seems to be true for you, the financial savings far outweigh the price.

Strive YNAB without spending a dime (you don’t even want so as to add a bank card to get it) and see for your self if it’s well worth the hype. However should you don’t need to get too particular about your budge—otherwise you need to stick to strictly free variations—you may 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 customers just like the Basic model. It’s cheaper as effectively (although Mint was free) however doesn’t supply numerous credit score monitoring choices like Mint did. It’s additionally one of many extra user-friendly choices round.

Please word 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 expenses 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 a fantastic possibility for households who observe bills collectively or if you wish to add your monetary crew to see your spending and different accounts.

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

Monarch Cash is presently working a promotion by means of the top of the 12 months the place you will get a free 30-day trial and 50% off your first 12 months 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 methodology the place you used envelopes labeled along with your bills listed on them—is a cash-forward method. Of us who like that self-discipline could be comfortable transferring to Goodbudget.

The envelopes are classes, much 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 should you don’t like the concept 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 primary free model, however expenses $80 a 12 months for the premium model. You’ll have to pay for premium to attach your checking account to the app (Mint did this without spending a dime).

Except for making a price range and financial savings plans, there isn’t a complete lot supplied on the free model because you’ll have to manually enter transactions, together with revenue and bills. The paid model is expensive simply to sync accounts, however should you’re a fan of Dave Ramsey, it’s possible you’ll need to preserve this one helpful.

TIME Stamp: Examine Mint options

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