The post 10 Mint.com Alternatives You’ll Love: Our Top Picks for 2018 appeared first on Club Thrifty.
When Mint first hit the personal finance scene, we were just as enthusiastic about the easy-to-use app as everyone else. That’s probably because it was one of the only free budgeting apps which had impressive features at the time.
Unlike a good bottle of Pinot Noir, however, Mint has not aged gracefully.
With its clunky synchronization, constant ads, solicited recommendations, and poor customer service, Mint is definitely starting to show its wrinkles. Once praised as a great way to save time, complaints about constantly reconnecting accounts and manually changing transaction labels make today’s Mint seem like more of a time sink than a time saver.
Thankfully, alternatives to Mint are not in short supply.
Several personal finance apps and software programs have improved their interfaces to compete. With these 10 Mint alternatives, you’re sure to find a new system that works for your unique personality and financial situation.
Mint Alternatives: Our Top Picks
Personal Capital [Editor’s Choice] – Personal Capital is our Editor’s Choice for the best Mint alternative. The software is completely free, allowing you to track all of your investments and accounts in one place. You’ll also find several free calculators and tools to help you keep track of your complete financial picture. We use it. We love it. We think you will too. Read the review | Learn more
Tiller – When it comes to budgeting tools, few are better than Tiller. Using Google Sheets as its guide, this program helps you create an easy-to-follow budget in minutes. Tiller automatically updates your transactions daily, seamlessly providing the information you need to stay on track each month. Try it free for the first month! Learn more
10 Best Alternatives to Mint
Without further ado, here are 10 of the top Mint.com alternatives you should consider.
1) Personal Capital
Personal Capital remains our number one choice for budgeting and keeping our investment accounts on track. In fact, Personal Capital isn’t just a great alternative to Mint.com; it could make a great compliment as well. The software is completely free and does not rely on ads to make its money. Instead, the company makes their money through their wealth management services, which users never have to touch if they don’t want to.
Personal Capital was already the most impressive money management app on the market, but the software is continually improving and staying current. It now allows you to input a few pieces of data to receive information on whether you’re on track to reach your retirement and children’s educational goals.
This software is especially effective because it provides your entire financial picture in one glance. Too many times we focus on just our income, our daily spending, or our debt. Personal Capital sews it all together, displaying budget strengths and weaknesses alongside each other while also providing snapshots of your net worth (and your projected net worth) through their investment trackers.
If you’re a lover of spreadsheets, then Tiller is for you. Tiller automatically transforms your daily transactions into a Google spreadsheet template. You can choose to use the site’s household budget template, snowball spreadsheet, net worth tracker, or create your own spreadsheet template to meet your needs.
Not only is Tiller powerful for personal finance tracking, but its business spreadsheets make charting income and expenses simple, especially for taxes. I am a huge proponent of people pursuing side businesses and passive income streams to free themselves from the 9-to-5 chains. Many have told me about their exciting side hustles, but when it comes to tracking the finance aspect of their new business, no one seems to have any passion for that. I think that Tiller’s business spreadsheet can fix that and even help those who hate numbers to track and grow their entrepreneurial efforts.
While I love several aspects of Tiller, they are missing a huge piece of the personal finance tracking puzzle – investments. They do not offer any investment tools at the moment. With that said, Tiller provides easy to understand graphs and spreadsheets that streamline the budgeting process and help you understand your financial situation better. If a spreadsheet feels overwhelming to you, even one that automatically updates, it might be smarter to try Personal Capital or YNAB first.
You Need a Budget, also known as YNAB, has grown impressively in a short time. As a direct Mint competitor, the company used to pride themselves on the fact that users had to key in their budget – making them more aware of what they were earning and spending. While you can still manually enter or correct transactions if you prefer, thankfully, YNAB got with the times and has embraced bank synchronization and mobile app usage.
Since the program focuses on goal setting, saving for big expenses, and anticipating more expensive months, YNAB is a good choice for individuals who are trying to change their money habits. This software is also a good way to implement a zero-sum budget – i.e. a budget where every dollar has a job and no money is wasted.
Unlike Mint, YNAB has useful money resources and webinars that don’t have a hidden agenda. It costs $83.88 a year to use the software, or $6.99 a month. However, they offer a 100% money-back guarantee if you aren’t satisfied with their product. You can also try before you buy with YNAB’s free 34-day trial.
Have a “keeping up with the Joneses” mentality? Use that to your advantage with Status. The unique angle Status brings to the personal finance sphere is that it anonymously compares your finances with your peers across the country.
The goal of the app is to create financial transparency in a world where no one likes to talk about their budget or income. The software also alerts you of new activity on your credit report to protect you from fraud.
As one of the top alternatives to Mint, the most appealing factor to Status is that it brings a slightly competitive element to budgeting. Seeing that your peers are spending less or saving more than you might just be the motivation you need to do even better.
Looking for more Mint alternatives to consider? CountAbout was created as a direct solution for users growing weary of either Mint’s or Quicken’s issues. The web-based budgeting software allows users to import data from Quicken and Mint, as well as importing info from your bank accounts.
CountAbout works with both iOS and Android platforms, allowing you to access your budget from anywhere with an internet connection. The basic membership costs just $9.99 a year, while a premium membership is $39.99 per year. Keep in mind, however, that a premium membership is required if you want to sync your financial accounts. It’s also important to note that, while you can import from your investment account, the app is intended for budgeting and does not offer any investment or future financial planning tools or advice.
CountAbout is nice if you already have an established Mint or Quicken account but are fed up with using those platforms. However, if you are starting your budget from scratch, other financial apps like Personal Capital or YNAB offer more perks and easier use.
Banktivity claims their users will save an average of $500 a year and 40 hours of time. That’s definitely not something to shake a stick at.
Where Banktivity shines brightly is through their bill pay options and debt management tools. While most online banks also have bill pay, one of Banktivity’s best features is that it allows users to pay bills from more than one bank account. Bills can also be integrated, so you don’t have to hunt down your monthly utility bills.
Although Banktivity is only for Mac users, it is still a helpful tool for individuals who want to customize their budget a layer deeper. For instance, if you want to pay your mortgage from “Bank Account A” and your child’s tuition bill from “Bank Account B,” this program allows you to do that. The software also permits users to divide categories even further with customizable tags. This is a useful feature if you want to break down something like a vacation fund by food, transportation, activities, and more.
Try Banktivity free for 30 days. If you like it, you can purchase the desktop app for a one-time fee of just $64.99.
Moneydance is like Quicken’s sexy cousin – and one of the best alternatives to Mint – because it has incorporated Quicken’s functionality while keeping out the bloat and clumsiness of the outdated software. The interface is clean and looks sleek.
The most appealing feature of Moneydance is that it has an open API, which means that – if you are a developer or tech savvy – you can develop extensions for your Moneydance platform using a free, downloadable Extension Developer’s Kit.
As an added bonus, you can budget, pay bills, and track investments with the app. Not only does Moneydance offer free bill pay, but you can also set bill reminders so that you never miss a payment. You can connect to all of your financial accounts and even import from an existing Quicken account. However, many users complain that the transfer from Quicken is not as smooth as they would like.
Moneydance costs $49.99 per year, but you can try it free for your first 100 transactions.
When it comes to great budgeting techniques, the envelope system has helped many people successfully get a handle on their finances. Still, who in their right mind wants to carry around a set of envelopes with cash inside them? That’s where Goodbudget comes in.
Goodbudget is a digital version of the envelope system, helping users create envelopes for monthly and future spending categories like Christmas shopping or family vacations. The free version of the app allows users access to 10 regular envelopes and 10 additional envelopes. With the free version, you can only access one account and two devices. The “Plus Plan” solves these nuances for just $6 per month or $50 per year.
This app is the tactile budget system some individuals need, especially if they love the idea of using an envelope system. However, unlike almost all of the other apps on this list, it is the only one that doesn’t offer bank synchronization. You can upload bank statements manually, though.
While the idea of this program is noble, some people will need to physically remove the money from their account or transfer it to a different savings account to save for bigger expenses.
If you are already following Dave Ramsey’s financial advice, then you might enjoy using his budgeting app too – especially if you’re not into all the bells and whistles some of the other systems provide. The software is pretty straightforward and a good option for those who are new to budgeting.
Unlike the other apps, EveryDollar has a special section for Ramsey’s famous “Baby Steps,” helping you stay on track with your financial goals by integrating them into your budget. While it is definitely one of the best alternatives to Mint, if you want to sync the app with your bank accounts, you’ll need to purchase the paid version for a fairly steep $99 a year.
All of the Mint alternatives we’ve mentioned are strong in their budgeting game, and PocketSmith is no different. However, this software’s strength lies in its financial forecasting. PocketSmith will forecast your finances for the next 30 years based on your existing data and trends. And, if you aren’t ready to break up with Mint officially, PocketSmith is compatible with Mint and can actually enhance the experience.
There are several different ways to view your finances with PocketSmith, but the Google-like calendar tracker helps users visualize upcoming bills and expenses. One of my favorite features is the “what if” scenario tester. What would happen to your financial picture if you spent a year abroad or went back to school? This feature will show you.
PocketSmith also breaks down your net worth in clear, easy to understand language. Breaking it down into categories like “What You Own” and “What You Owe” is brilliant. It reminds you that, even if you own assets totaling $500,000, you are not worth that much if you are drowning in credit card debt.
So, why aren’t more people praising this awesome app? Well, the free version is fairly limited and paid versions are pretty expensive. Even though the “Premium Plan” is $9.95 a month (or $89 a year paid annually), you can only pull from 10 financial accounts and get a 10-year financial forecast. If you want to get the whole shebang, including the 30-year forecast, be prepared to pay $19.95 a month (or $169 a year paid annually).
Is PocketSmith superior to many of the other budgeting apps out there? For sure. Is that worth $19.95 a month? That’s for you to decide.
Mint Alternatives: Final Thoughts
Since many of these Mint.com alternatives are free, it doesn’t hurt to get your feet wet and try out several of them before deciding on the best fit. Remember, personal finance is just that – personal – so don’t get discouraged if you don’t love the same software that everyone else is raving about.
Instead, finding the money management app that best suits your needs and personality means you’re more likely to use it consistently. And, the more you pay attention to your finances, the better off they’ll be.
I hope this has been helpful as you search for a replacement to Mint. Good luck and thanks for reading!
What program is your favorite alternative to Mint? Let us know in the comments!
The post 10 Mint.com Alternatives You’ll Love: Our Top Picks for 2018 appeared first on Club Thrifty.