Well, if you’re a user of mint.com like I am, then you might be aware of yesterday’s announcement that the site will be purchased by Intuit, the maker of Quicken, QuickBooks, and TurboTax. As a user of the program since right after its inception, I have to admit that I have some mixed feelings about the transaction. I have loved the platform of mint.com for tracking my financial transactions and have enjoyed being a part of the site as it continued to grow and expand.
About mint.com
For those of you who don’t know, mint.com is a free online personal finance tracking system that will link to all of your accounts and automatically import transactions for evaluation electronically. While the ability to analyze my spending is very helpful to me, I really enjoy the many graphs and charts the online software provides.
Perhaps my favorite feature of the program is the ability to compare your spending in certain categories to that of others in your area or other areas of the country. I find it fascinating to see how my spending dollars compare to those of other people in my state, and these comparisons will often give me something to shoot for in my financial goals. The software also offers budgeting services and tools designed to help you save for retirement and pay off debt!
If you haven’t given mint.com a try, you should check it out.
About the acquisition
I won’t bore you with too many details of the purchase of the site. If you want to learn more about it, you can check out the mint.com blog or the press release.
My only concern is the possibility that, with the site being in new hands, services might not continue to be as innovative as they have in the past. Call me a little pessimistic, but I have just seen too many services lose direction when they got lost in the middle of a larger company.
That being said, I’m hoping for the best and, for now, will still be using the service regularly.
Have you ever used mint.com? What do you think of it? Do you have any opinions on the purchase of the site?
6 Comments on “Mintuition: mint.com to be acquired by Intuit”
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My name is Branden. I am a high school teacher, a track coach, and a fitness and finance junkie who happens to think that life is pretty rough without viewing it through a spiritual lens. On this site, I hope to help you explore how to get into peak physical and financial shape while serving others, growing spiritually, and giving both time and money.
we use mint and i don’t use it to its full potential but i love it so far; especially since we use our debit cards mostly.
Posted on 15 September, 2009 at 15:47.
It is true that you need to use either debit or credit cards in order for mint.com to actually track your transactions. If you are dedicated to just using cash, then it is likely that you already have a successful system in place to monitor your spending (like an envelope system).
Posted on 15 September, 2009 at 20:53.
I’m gonna give this site a whirl. If it’s free, why not? But if Intuit takes it over, it will be free for maybe one day before they start charging either $9.99 per month, $24.99 for 3 months, or $99.99 for a year. I get tired of intuit.
Posted on 16 October, 2009 at 17:11.
Hey Marty,
From everything I’ve read and seen, it looks like mint will continue to be free for the foreseeable future. They are adding features to it all the time, all of which only serve to enhance its usability. Have fun with it and I hope it helps!
Posted on 16 October, 2009 at 18:03.
Creating a basic budget | FaithFitnessFinance says:
[...] most of your purchases, this is very easy to do. All it takes is a piece of financial software like mint.com, which will automatically track and organize your expenditures. In fact, once you connect your [...]
Posted on 23 October, 2009 at 12:12.
The Millionaire Next Door | FaithFitnessFinance says:
[...] 3. Know what happens to your money. As I’ve already mentioned, you have to budget if you want to be wealthy. If you made $70,000 last year and can only account for $20,000 of that, you have a problem. Take the time to track and manage your spending with resources such as mint. [...]
Posted on 28 October, 2009 at 20:13.