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Mint, a budgeting app acquired by Intuit in 2009, is shutting down as of Saturday, March 23, 2024. Mint shows users an overview of their financial well-being by displaying the current status of multiple linked accounts on one screen. Users can track spending and savings, create customized budgets and keep track of bills. Mint also negotiates better deals on behalf of its customers.
How To Prepare for Life Without Mint
If you use Mint, you’ll need to find a new tool for managing your money. Research the best budgeting apps and then export your data from Mint to a new platform. Some apps will make converting and transferring Mint data easier than others.
Intuit is urging current Mint users to move to Credit Karma—another Intuit-owned tool—because account balances, historical net worths and transactions from the past three years can be migrated. Still, Mint recommends you download your transaction history for your records.
Best Budgeting Apps Of 2024
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Transferring Data To Credit Karma
If you want to stick with Intuit, the company promises a seamless transition from Mint to Credit Karma. The app will let you know when you can begin moving your financial account data over. Note that once you transfer to Credit Karma, you will no longer be able to access Mint but can still download transactions.
Credit Karma will inherit some of Mint’s most popular features and offer new ones. Members can still monitor their spending and cash flow, and Credit Karma will use customer data to make personal and actionable recommendations, like which credit card to use for rewards or what to do when an account is low on cash. Intuit Assist, an AI-powered financial assistant, has also recently launched to help Credit Karma members with financial questions and decisions.
App users will have access to an overview of their finances, including average spending broken down by category and transactions, cash flow tracking and net worth insights. But unfortunately, many budgeting features in Mint will not be available in Credit Karma.
Tips On Choosing Another Budgeting App
- Free trial. You can often try out paid budgeting apps or paid versions of apps for free before paying a monthly fee. Look for options that offer free trials for new users.
- Monthly subscription fee. If you choose an app that costs money, check out its subscription fees to ensure you can comfortably afford the expense each month.
- Connecting your accounts. Be sure you can connect your bank accounts to a budgeting app for a more accurate depiction of your finances and goals.
- Personalization. See if an app can be personalized to fit your needs. For example, you might be able to name savings goals, track your bills or customize spending categories.
- Safety features. Read through an app’s safety features to make sure your personal and account information would be protected as a user.
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Best Budgeting App for Investors
Empower Personal Dashboard™
4.5
Our ratings take into account a product’s features, costs, consumer ratings, security and other category-specific attributes. All ratings are determined solely by our editorial team.
Cost
Free
Time Period for Free Version
Unlimited
Number of Ratings
On Empower's Website
Free
Unlimited
57,000+
Editor's Take
Empower Personal Dashboard™ (formerly Personal Capital) is the best budgeting app for investors for its outstanding reporting options, desktop capabilities, investment management platform and spending tracking. Empower gives a holistic view of customers’ entire financial picture, from day-to-day spending to tracking portfolio performance.
The app has several savings tools designed to help build retirement savings and emergency funds, and pay down debt. It also has excellent advisory tools, including an investment checkup, investment fee analyzer, financial planning, cash flow tracking, education cost planning and real time net worth tracking. All of these tools give detailed insights into your current financial picture, while also helping you plan for the future.
The list of features may sound overwhelming, but the app is easy to use. Empower also has a desktop version, giving users a multiplatform option for managing their finances.
Getting started with the app is simple—all users need to do is link bank accounts, credit cards, student loans, mortgages and other line items from their budget. From there, the app will gather information to produce a full financial picture.
Read our 5 Best Investment Apps For Managing Your Portfolio.
Pros & Cons
- Several tools available to monitor investment portfolio performance
- Detailed analytics of cash flow, budgeting, net worth and transactions
- Available features that focus on short-term and long-term financial goals
- Personal Capital Cash (interest-bearing, no-fee checking account) is available
- Portfolio management service minimum balance is $100,000
- User interface is limited in customizations
Details
The Empower app is available for both iOS and Android.
Other Alternatives To Consider
If you want to branch out from Intuit, here are other money management apps to consider.
YNAB
You Need A Budget (YNAB) is an app that helps you build a budget. It is built on four rules, which are giving every dollar a job, embracing your true expenses, rolling with the punches and aging your money. After your free trial, YNAB is $14.99 per month or $99 per year.
Pocketguard
Pocketguard is another popular personal finance app that allows you to build a budget and track expenses daily. It also monitors and reminds you about bills, even negotiating better rates for some. Pocketguard offers a free version, but if you want access to premium features, you’ll pay $7.99 a month or $34.99 for the year. You can also pay $79.99 for a lifetime membership.
Oportun
Lastly, Oportun (formerly Digit) is an app designed to help you save money by automatically transferring funds to different savings goals that you set. After linking your bank account, the app will learn your spending habits before making transfers to your different savings goals. Oportun has a free trial, but after it ends, the app is $5 per month.
