![]() ![]() ![]() The app is a good resource and makes your job easy because they gather the information for you through your bank accounts. Of course, you can turn off the notifications in the app so that’s a plus.Īll in all, I would recommend Mint for someone who’s interested in learning how to budget and analyze their spending habits. Another thing I didn’t like was the constant notifications I received about decreasing my spending in categories I wasn’t too worried about, such as “coffee.” I was more interested in tracking groceries, restaurants, educational expenses, and shopping habits.Some room for improvement for Mint would be to give people the ability to set their own budgets so that there’s a higher percentage they will follow it.I drive quite often so the $30 a month gas budget was limiting for me and I went over each time. For example, someone who lives in a city will spend a lot of money on transportation services like Uber and trains, whereas living in the suburbs comes with more money going to gas. This can be difficult because budgets are often not a “one size fits all” solution they must be individualized based on people’s needs. One thing I didn’t like about the app is the categories are pre-set for you so you cannot create your own budgets.It also aggregates the data over months to show you different measures such as “earnings over time” and “cash flow over time.” The process itself is seamless because the app does the work for you and you can simply take the assumptions to better your habits.This is helpful because sometimes we are unaware of how much money we are really spending and it’s difficult to confront your spending habits. The way the budgets are segmented is really easy to follow, and Mint will send you reminders when you are tapped out in any of the categories.For example, every month I can spend $720 on restaurants, $30 on gas, $200 on groceries, etc. My favorite part of using Mint was the different budgets the app provided for me to curb my spending.The app itself serves as more of a data gathering tool to help you make informed decisions. One important thing to remember is Mint will not access any of your funds or touch your money.Mint is able to provide you suggestions about where your money is predominately going and how you can better utilize your cash to increase your savings and investing accounts, if you have them.It requires you to connect your bank account so your spending habits can be tracked and analyzed over a period of time.The app is available for free in the app store.I reviewed the budgeting app Mint for a week, and here are some of my thoughts about my experience and key takeaways: Interested in tools that will help you budget and curb your spending habits? Check out these budgeting app reviews from the Office of Financial Literacy’s Smart Money Coaches! Intuit Mint Link ![]()
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