Early Retirement & Financial Independence Community - View Single Post - mint.com: new online personal finance site

free4now · 09-18-2007, 06:54 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.

09-18-2007, 06:54 PM	#1
free4now Thinks s/he gets paid by the post Join Date: Dec 2005 Posts: 1,139	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.