mint.com: new online personal finance site

free4now · 09-18-2007, 05:54 PM

I'm curious if anyone has tried this yet:

mint.com

Is a new site that supposedly will automatically aggregate your financial information into a unified view, pulling data over the web, so you can see all your transactions categorized and in one place. For free.

The main problem that I've seen with similar products in the past is that they can't reconcile transfers between accounts very well. E.g. If I pay a $1000 credit card bill from checking then that looks like I spent $1000 out of checking as well as the $1000 I spent in the credit card for an incorrect total of $2000 spending. Ideally it should realize that the the two transactions (payment made from checking, and payment received on the card) are just one transfer, but most software doesn't do this.

chinaco · 09-18-2007, 06:01 PM

You can do the same thing on you computer with MS Money or Quicken.

I do not trust giving some internet site access to my information... especially some start-up.

Absolutely no way. For that matter I would not use Quicken on-line.

I am a bit paranoid about spreading that type of information around more than it is already.

HobbyDave · 09-18-2007, 06:47 PM

There's another similar site that I know I'm able to reconcile that type of problem:

Wesabe: Get to Know Your Money

I actually wrote a quick review of this site recently on my blog, one of the few posts so far

Dave and Katy’s Travels » Wesabe review, a surprisingly useful tool

09-18-2007, 05:54 PM	#1
free4now Thinks s/he gets paid by the post Join Date: Dec 2005 Posts: 1,088	mint.com: new online personal finance site I'm curious if anyone has tried this yet: mint.com Is a new site that supposedly will automatically aggregate your financial information into a unified view, pulling data over the web, so you can see all your transactions categorized and in one place. For free. The main problem that I've seen with similar products in the past is that they can't reconcile transfers between accounts very well. E.g. If I pay a $1000 credit card bill from checking then that looks like I spent $1000 out of checking as well as the $1000 I spent in the credit card for an incorrect total of $2000 spending. Ideally it should realize that the the two transactions (payment made from checking, and payment received on the card) are just one transfer, but most software doesn't do this.

09-18-2007, 06:01 PM	#2
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 3,009	You can do the same thing on you computer with MS Money or Quicken. I do not trust giving some internet site access to my information... especially some start-up. Absolutely no way. For that matter I would not use Quicken on-line. I am a bit paranoid about spreading that type of information around more than it is already. __________________ Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.

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09-18-2007, 06:47 PM	#3
HobbyDave Recycles dryer sheets Join Date: Oct 2004 Posts: 198	There's another similar site that I know I'm able to reconcile that type of problem: Wesabe: Get to Know Your Money I actually wrote a quick review of this site recently on my blog, one of the few posts so far Dave and Katy’s Travels » Wesabe review, a surprisingly useful tool

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