I’ve long been a Quicken user and still use it for the primary management of mine and my wife’s finances (currently on Quicken Deluxe 2007). I’ve also tried out just about every online financial management tool out there, including Wesabe and Mint.com.
Since my first interaction with it during its beta period, Mint.com has consistently impressed me and stood above the rest, for its simplicity, comprehensiveness, and ease of use.
Plus, it’s almost totally automated: You configure your accounts once and from then on, it automatically downloads and categorizes all of your transactions and account balances for all your cash, credit, and even investment accounts.
- One-time setup (followed by automatic updating of accounts)
- Automatic expense categorization (you can tweak)
- Accessible anywhere (all you need is an Internet connection & a Web browser… or iPhone)
- Beautiful, interactive charts (in the Trends tab)
- Suggestions on ways to save (better credit card offers, etc.)
- Lots more…
Every time I spent a little time with Mint.com, I question while I’m still using Quicken (maybe for the historical data?). Intuit keeps trying to get me to pay for an upgrade to Quicken 2009, but rather than doing that, maybe I’ll just invest more time in what Mint.com offers for free.
There’s even a new iPhone app for Mint.com, which I’ve already installed and is really cool in providing a snapshot of your finances, details on recent transactions, etc.:
Intuit now offers its Quicken Online free of charge, likely in an effort to compete with Mint.com and other free online financial management apps.[ Subscribe to gabeanderson.com via email or RSS feed. ]