Mint Review - The Best Personal Finance Software

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Today, let us discuss a new personal finance software that is not only become a personal finance buzzword, but it has caught the fancy of people worldwide. So what exactly is so great about Mint? Is it just the media hype created by advertising or it is actually something that people have been looking for.

Mint.com is a versatile, multi functional online personal finance software that enables the user to track financial details, be it debt, equity, budgeting, net worth, or any other investment. If it is related to money, then Mint can track it for you.

The tools that Mint offer…

1. Investment Tracking – To spread investment across different options is a good strategy. But, it also needs one to remember the details along with the id and password of various financial platforms. This is not easy, and writing it down and then carrying with you can be potentially very risky, in case you lose your small diary. Mint.com offers a unique and safe answer to this problem. One can upload all this information onto Mint.Com and set the reminders. The software will remind you when any action needs to be taken as per preset reminders.
2. Budgeting – At the end of the month, we normally wonder where all the money has gone. Though budgeting is an answer, but doing it manually by updating the data every day, is a tedious exercise. But, with Mint the budgeting becomes very easy. It tracks all the spending under various accounts, debit cards, credit cards etc. under various categories and plot the expenditure data in a spreadsheet for you. If you have set some reminders under some expenditure heads, it will remind you as soon as you become close to breaking the limit.
3. Monitor Income– For self-employed personnel, the income is not stable, and it keeps on varying. Moreover, income may come from various sources like salary, dividend, rent, bank interest, capital gains, gifts etc. Mint keeps tracks of all your income from various sources. It tells you in the end of the month if your expenditures are within your total income or not.
4. Notifications – Mint has provision to send you reminders if something important happens with your accounts and investments. To get the information fast is the key to financial success. When major things happen in your financial portfolio, Mint sends you email notifications to let you know what’s going on. Getting the information fast is the key to make or save money.
5. Security – To track the income, budget and spending of any person, required access to the credit card, debit card, bank accounts as well as the investment accounts. This is all very sensitive information, and needs to be kept safe and secure. The good news is that all data stored on Mint is secured by the encrypted http servers on site.

Who will find Mint useful?

Actually Mint is useful to all. It is a fantastic personal finance tracking tool that is operated on secure servers. As the company gets its revenue through advertising, so the service is free. With Mint, it will never be difficult to track income and spending. This shall enable you to make the required changes well in time before things go out of hand.