Review of mint.com finance software
The website mint.com offers the possibility to have all your financial information gathered into one single application that can be accessed on the web or on a phone.
What Can It Do?
The application can connect to almost every bank in the U.S. that has an Internet banking product so that a person can have an overview of every account, loan or savings product.
The program automatically separates the fees from the amount of cash that was actually withdrawn from an ATM. It can also calculate the average monthly spending in one category so that a person can see where he has spent over the budget; reaching the savings goal of each month will be more accessible this way. Moreover, it can calculate the amount that a person has left at the end of a month or a year.
A person can make a graph or chart to help them better see how their spending or savings plan can be achieved. The program can also see if there is a better loan, credit card or savings option than a person has at a certain time and offer alternatives so that it is better suited for that person’s way of life.
Mint can track a person’s investments and make him aware of potential fees that otherwise would be hidden or buried in the large amount of information regarding the investment.
Is It Safe? How Much Does It Cost?
Mint can send notifications regarding an unpaid bill, about the fees or if you are going over budget in a category. Concerning its’ security, the program uses a 128 bit encryption. Moreover, it is verified by TRUSTe, authenticated by VeriSign, scanned by Hackersafe, and supported by RSA Security.
One of the best things about this program is that it is free. The site makes money when a person decides to apply for a savings account; the site receives a small fee. They are committed on staying free.
