Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Mint.com
Old 05-24-2010, 05:04 PM   #1
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 542
Mint.com

Just wanted to see if anyone uses Mint.com for their budgeting and spending tracking. Would be curious to hear the good and bad.

Tomcat98
__________________

__________________
JDARNELL is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-24-2010, 05:55 PM   #2
Recycles dryer sheets
 
Join Date: Apr 2010
Posts: 412
I tried it and found that it's not even close to Quicken yet, so sticking with Q for now.
__________________

__________________
wanaberetiree is online now   Reply With Quote
Old 05-24-2010, 06:08 PM   #3
Thinks s/he gets paid by the post
Katsmeow's Avatar
 
Join Date: Jul 2009
Posts: 3,399
I looked into it when I was trying to find something. I didn't feel all that comfortable with it from a security standpoint and didn't feel it was optimal for budgeting. I ended up going with You Need A Budget which has been great.
__________________
Katsmeow is offline   Reply With Quote
Old 05-24-2010, 08:24 PM   #4
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 542
I have a friend who has been using it since Sept. He gave me a quick tour. Security is a concern for me. However I wonder if it is any different than any online fm stuff people do? Quicken input is so overwhelming and after 15 yrs I am looking for something similar. I have mad a massive budgeting spreadsheet and it will work. Just looking for simpler as I don't want to spend all my ER time on data entry.

Tomcat98
__________________
JDARNELL is online now   Reply With Quote
Old 05-24-2010, 08:33 PM   #5
Full time employment: Posting here.
Cattusbabe's Avatar
 
Join Date: Apr 2006
Posts: 814
I tried it. Did not like it. The security aspect is one thing but what was really annoying was the constant attempts to push products from financial companies that sponsor the site. Ain't nothing free.
__________________
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
_______________

La tavola e il letto non hanno restrizioni.
_____________
Any day your on this side of the grass is a good day.
Cattusbabe is offline   Reply With Quote
Old 05-24-2010, 10:46 PM   #6
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
I use mint.com and I like it. I also use Quicken, but I only update it monthly. I use mint.com to keep an eye on things between my Quicken sessions.

Coach
__________________
"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
Coach is offline   Reply With Quote
Old 05-25-2010, 06:17 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Jun 2006
Posts: 1,666
I love it.
It is actually owned by the owners of Quicken.
I view the ads as the cost of it, since it is free otherwise.
It is simple, easy to use and very flexible. All the things i found lacking in Quicken.
However, I know some people really like Quicken. If you find Quicken simple, easy to use and flexible, Mint may not be for you?
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
Zathras is offline   Reply With Quote
Old 05-25-2010, 08:39 AM   #8
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,571
We've looked at it but were not comfortable with the online aspect. Still using Quicken and a spreadsheet for the day-to-day tracking.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 05-25-2010, 09:23 AM   #9
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,667
A big reason I use personal finance software is to double check the statements I get from credit cards, banks, etc. I trust my own accounting at least as much as theirs. That means I have to (and want to) enter all transactions manually. A site or product that just parrots the records of my financial services vendors defeats the purpose for me. I've used Quicken for many years and, now that I need something completely portable, I use www.budgetpulse.com .
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 05-26-2010, 11:26 AM   #10
Thinks s/he gets paid by the post
Bimmerbill's Avatar
 
Join Date: Jan 2006
Posts: 1,631
I use it and like it. It's sort of an after the fact thing tho. It will record your transactions after you make them.

Still, I like the trends and planning tabs. I've gotten a better understanding of where my $ goes.

I don't notice any ads on the internet anymore. I filter them out. Well, except for those dang ones that expand all the way out and force you to click "close" or "continue."
__________________
Bimmerbill is offline   Reply With Quote
Old 05-26-2010, 10:06 PM   #11
Confused about dryer sheets
 
Join Date: May 2010
Posts: 3
Quote:
Originally Posted by Cattusbabe View Post
I tried it. Did not like it. The security aspect is one thing but what was really annoying was the constant attempts to push products from financial companies that sponsor the site. Ain't nothing free.
bingo^^

i tried it..ended of deleting it (and a test checking account) due to security concerns...
__________________
mrgreenpants is offline   Reply With Quote
Old 05-27-2010, 03:02 PM   #12
Thinks s/he gets paid by the post
Rustward's Avatar
 
Join Date: Apr 2006
Posts: 1,572
Mint.com is probably as secure as Vanguard.com, IRS.gov, SSA.gov, or your BofA account. But, yes, it is one more place from which your information may be stolen.

Never been inside a system like Mint (known as single sign-on), but I imagine that Mint establishes a relationship with your financial providers (your cc companies, etc) that is identified not using your userid and password, but with a unique token known only to Mint and the other party, and information is requested using the token. Establishing the token has to be done with a protocol agreed to by both parties. This way, the only identifying information in the financial data is the token, which is known only to Mint and the cc company. The only time your personal data is really at risk is when the token is being established. The mint.com website says they are pretty serious about security: How Mint Personal Finance Management Protects Your Financial Safety - Financial Calculator | Mint.com Take a look.

I would not hesitate to use them for security reasons, but I like the manual Quicken entry method. Pay your money and take your pick.
__________________
Rustward is offline   Reply With Quote
Old 05-27-2010, 03:05 PM   #13
Full time employment: Posting here.
 
Join Date: Apr 2009
Posts: 731
Has anyone used Moneydance? moneydance.com - I don't use any of this for budgeting - I only use it to track my financial investments.
__________________
Retired July 2, 2010 at 62. My only regret is that I couldn't do it sooner.
thinker25 is offline   Reply With Quote
Old 05-27-2010, 03:17 PM   #14
Recycles dryer sheets
winger's Avatar
 
Join Date: Jan 2007
Posts: 251
I've used Quicken for at least 15 years, but I'm tired of the problems with Windows Vista. And, I'm not going to pay for a Windows 7 upgrade, when they sold me a POS operating system like Vista.

Anyway, I'm learning Ubuntu, and have made a small Vista partition on my HD to continue Vista- just for Quicken. I've got Mint up and working, and may abandon Vista and Quicken after I'm a little more comfortable with Ubuntu. Still, I have years of financial history in Quicken. But, I never look back much farther than a year.
__________________
winger is offline   Reply With Quote
Old 05-27-2010, 05:14 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,896
I'm quite happy using a simple budget software called Budget Advisor ( Home Budget Software ). The program hasn't been updated in a few years and I wrote the author one time and he said there aren't plans to update it in the near feature.

Actually, that's what I like -- not too many changes, just simple and stable and meets my budgeting needs
__________________
easysurfer is offline   Reply With Quote
Old 05-27-2010, 08:16 PM   #16
Confused about dryer sheets
 
Join Date: Jan 2004
Posts: 3
While I have signed up for mint.com, I only tried it after using American Express money manager. I was curious if it would build upon Amex's offering. I actually really like money manager, much more than mint with all it's advertisements and Amex displays a calendar that shows all the transactions in each day of the month. It is very slick and I log in all the time. I am closing in on FIRE within a few years and this gives me a very easy way to track my spending.
__________________
bobn23 is offline   Reply With Quote
Old 05-27-2010, 08:20 PM   #17
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,130
Whoa there bobn23! Registered on the forum Jan 2004 and this is your second post? You need to slow down this torrid pace...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 05-27-2010, 08:21 PM   #18
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
Quote:
but I imagine that Mint establishes a relationship with your financial providers
Do you know that this is what they are doing, or is this supposition? I heard an interview with the founder quite a while ago and he claimed that they do not store any of your account info because they pass it to a "secure" third party who stores it. This doesn't sound like what you describe, but perhaps they have updated their systems since the early days.
__________________
growing_older is offline   Reply With Quote
Old 05-27-2010, 09:26 PM   #19
Thinks s/he gets paid by the post
Rustward's Avatar
 
Join Date: Apr 2006
Posts: 1,572
Do not know, it is supposition.
Quote:
Originally Posted by Rustward View Post
Never been inside a system like Mint (known as single sign-on), but I imagine that Mint establishes a relationship with your financial providers (your cc companies, etc) that is identified not using your userid and password, but with a unique token known only to Mint and the other party, and information is requested using the token.
I did work for a while in a bank that used single signon (four letter name beginning with M ending with A) whose primary product was affinity credit cards which was later acquired by another (rather large bank) beginning with B ending with A -- not talking about ticker symbols here, I don't know exactly how single signon is accomplished these days. But for something that is read-only like Mint says they are, the token would be a good way to go.

So the third party can do the token setup, and Mint can just use the token to request your info. If the information is intercepted by a "man in the middle" it is useless to the man in the middle because it contains no identifying information. The thing about these systems is there are zillions of ways to accomplish the same task. However there are standards and regulatory requirements.

Edit to add:
Sometimes my posts are on the technical side. Sorry. I am a technical person.

The main point I was trying to make in the original post is that if you are the CIO (or similar position) of a credit card company and an establishment like Mint.Com requests a b2b connection to you with the intention of downloading cardholder information (your customers' information) you are probably going to check them out pretty thoroughly to see that their security meets your standards.
__________________
Rustward is offline   Reply With Quote
Old 06-03-2010, 10:25 AM   #20
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 925
Quote:
Originally Posted by thinker25 View Post
Has anyone used Moneydance? moneydance.com - I don't use any of this for budgeting - I only use it to track my financial investments.
I have used Moneydance for several years to track spending and investments as well as to reconcile accounts. I have never really been a budgeter. I don't really like to spend money; so, I have never seen the need for myself.

While I have considered making the move to GnuCash (Free Accounting Software | GnuCash), I will probably just upgrade my Moneydance license at some point. (I really like the idea of using Open Source software; but, Moneydance is cross platform, easy to use, familiar (to me now), and doesn't force me into an upgrade. So, I will probably throw a few dollars at the Moneydance team in the near future.)
__________________

__________________
If there's one thing in my life that's missing; It's the time I spend alone
Sailing on the cool and bright clear waters; There's lots of those friendly people
Showin me ways to go; And I never want to lose your inspiration
CoolChange is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Fun with the US Mint brewer12345 FIRE and Money 37 11-18-2009 10:00 AM
Intuit to Acquire Mint.com Gotadimple FIRE and Money 2 09-17-2009 01:35 PM
Anyone else use Mint.com? bank5 Other topics 16 04-11-2009 09:31 AM
US Mint giving away money. sorta. calmloki Other topics 11 06-25-2008 10:31 PM
mint.com: new online personal finance site free4now FIRE and Money 2 09-18-2007 07:47 PM

 

 
All times are GMT -6. The time now is 05:08 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.