Good info. I am researching options and this video let me know what I am in for on the 'down' side. I am still impressed--thanks for the honest thorough review.
I hope Intuit would come by here and take this to heart. For me the rigidity of their categories is a deal breaker. I have used quicken for three decades almost and it was great in the beginning then it got bad and now it is ok. However, not it is on a subscription basis and owning the software like in the old days was more economical and you did not feel like you were being taken hostage by the monthly subscription model.
One big drawback for Mint, that was not mentioned, is that you can only build the next month's budget on the 1st of that month. Meaning if you are in September, and you want to set up your budget for October, you have to wait until October 1st. Pretty annoying. Like you, I've been using Mint for several years and have yet to find a better option, but I wish they would fix some of those kinks that other budgeting tools seem to have gotten right.
Completely agree. It's not an issue I've had directly since I tend to create budget items that I want to be retroactive, but Mint's inability to deal with anything but present day budgeting is a major drawback! Thanks.
I personally LOVE Dave Ramsey's App called Every Dollar. Now in order to sync with your bank you have to pay but there is a free version. Only problem is it syncs the transactions and you get to easily drag-and-drop into each category AND you get to insert your income BUT you never truly see your bank's actual dollar amount.
Nice 3 video series. I'm brand new to Mint. I've used it for about a month now. I have several annual expenses, and while I understand how to budget for them in Mint, I don't know how to actually save for them. Is it a good idea to have a separate savings account called "Annual expenses" and transfer to it every pay period, and then transfer back to checking when it's time to pay it? Hmmm. Or is it assumed that as long as we stick to our monthly budget that those funds will be available in a year, when the annual payment is due?
Hi, Sandy. I would say this is one of the unfortunate things about Mint - the functionality to save for future purchases. I think that the idea is that if you save a little every month, you will have enough funds set aside to fully fund your annual purchases. It’s a matter of looking at your budget as opposed to your bank account balance. Hope that makes sense!
Thank you for such an informing and well organized tutorial; you are an excellent teacher. I have just linked my bank accounts to Mint and really appreciated your tutorials; Do you know if Mint is the only app that can be linked to a bank account?Thanks,Lara
Hi, Ches -- thanks for the comment. Mint is just one of many apps that allow you to link to your bank accounts. You may want to check out my playlist on budgeting where I review a couple other popular apps. I've actually switched over to YNAB within the past year. Thanks!
Lara, is there a way to differentiate spending by individuals within Mint? For example: My credit cards indicate who made a certain purchase (myself or my wife). I don't see that in Mint, is it hidden somewhere? Is that data exported if I export all of those CC transactions into Excel from Mint? The follow up question will obviously be if there is a way to create a budget for each individual within a "budget" group.
Hi, there. I haven’t figured out a way to differentiate spending between card owners, so I end up sending texts to my husband to verify purchases all of the time (although he now has his own account, so there is less of that). My husband and I both have “allowances,” which are budget line items that I just created under a random category like Financial. This allows us our own discretionary money, but you have to do the extra step of tracking the rolling totals going forward. Hope that makes sense!
great videos thank you... i am working hard to set up my budget and don't understand why Mint applies categories and then you have to go into each one and tag it to get it into the budget. It seems if you don't do this it still leaves it in other transactions and that's not helpful to my budget
It doesn’t look like you can delete transactions from Mint, but you can exclude them. Here is an article showing how: help.mint.com/Accounts-and-Transactions/888959801/How-do-I-delete-transactions.htm
@@marblejarchannel I have been using YNAB for years (even before the yearly cost was implemented) and honestly believe that the cost is worth it. I personally resonate better with the philosophy of YNAB and what it tries to accomplish. I would check out Nick True's YNAB tutorial on RUclips for more info he does a great job explaining how to setup the tool and I use his videos to help explain to others who are trying to start budgeting. As for PC vs Mobile, I always prefer to use PC since it has more screen real estate for information but the Mobile app is great too.
This series on Mint has been extraordinarily helpful. I appreciate your clarity, brevity, and insight. Thank you!
Thanks so much. You've done all the work for me. I will use mint now!
Good info. I am researching options and this video let me know what I am in for on the 'down' side. I am still impressed--thanks for the honest thorough review.
I hope Intuit would come by here and take this to heart. For me the rigidity of their categories is a deal breaker. I have used quicken for three decades almost and it was great in the beginning then it got bad and now it is ok. However, not it is on a subscription basis and owning the software like in the old days was more economical and you did not feel like you were being taken hostage by the monthly subscription model.
One big drawback for Mint, that was not mentioned, is that you can only build the next month's budget on the 1st of that month. Meaning if you are in September, and you want to set up your budget for October, you have to wait until October 1st. Pretty annoying. Like you, I've been using Mint for several years and have yet to find a better option, but I wish they would fix some of those kinks that other budgeting tools seem to have gotten right.
Completely agree. It's not an issue I've had directly since I tend to create budget items that I want to be retroactive, but Mint's inability to deal with anything but present day budgeting is a major drawback! Thanks.
I personally LOVE Dave Ramsey's App called Every Dollar. Now in order to sync with your bank you have to pay but there is a free version. Only problem is it syncs the transactions and you get to easily drag-and-drop into each category AND you get to insert your income BUT you never truly see your bank's actual dollar amount.
Excellent series of videos! Thank you for putting them together.
Nice 3 video series. I'm brand new to Mint. I've used it for about a month now. I have several annual expenses, and while I understand how to budget for them in Mint, I don't know how to actually save for them. Is it a good idea to have a separate savings account called "Annual expenses" and transfer to it every pay period, and then transfer back to checking when it's time to pay it? Hmmm. Or is it assumed that as long as we stick to our monthly budget that those funds will be available in a year, when the annual payment is due?
Hi, Sandy. I would say this is one of the unfortunate things about Mint - the functionality to save for future purchases. I think that the idea is that if you save a little every month, you will have enough funds set aside to fully fund your annual purchases. It’s a matter of looking at your budget as opposed to your bank account balance. Hope that makes sense!
Great set of videos, thanks for posting
watched all three. very nicely done. anyone have experience with transfers between accounts? for example, transfer from savings to checking.
Thank you for such an informing and well organized tutorial; you are an excellent teacher. I have just linked my bank accounts to Mint and really appreciated your tutorials; Do you know if Mint is the only app that can be linked to a bank account?Thanks,Lara
Hi, Ches -- thanks for the comment. Mint is just one of many apps that allow you to link to your bank accounts. You may want to check out my playlist on budgeting where I review a couple other popular apps. I've actually switched over to YNAB within the past year. Thanks!
I don’t like that you have to round budget line items to the dollar. I like to be precise down to the penny with my income and expenses.
Lara, is there a way to differentiate spending by individuals within Mint? For example: My credit cards indicate who made a certain purchase (myself or my wife). I don't see that in Mint, is it hidden somewhere? Is that data exported if I export all of those CC transactions into Excel from Mint? The follow up question will obviously be if there is a way to create a budget for each individual within a "budget" group.
Hi, there. I haven’t figured out a way to differentiate spending between card owners, so I end up sending texts to my husband to verify purchases all of the time (although he now has his own account, so there is less of that). My husband and I both have “allowances,” which are budget line items that I just created under a random category like Financial. This allows us our own discretionary money, but you have to do the extra step of tracking the rolling totals going forward. Hope that makes sense!
thanks for your helpful videos about mint !!
great videos thank you... i am working hard to set up my budget and don't understand why Mint applies categories and then you have to go into each one and tag it to get it into the budget. It seems if you don't do this it still leaves it in other transactions and that's not helpful to my budget
Yeah, Mint is tedious in this way. You have to go through each transaction and make sure it is tagged properly.
Thanks, helpful as ever. Keen to hear if you find YOLT or monzo a better option.
Here's a link to a review on Yolt; www.finder.com/uk/yolt-review looking forward to hearing your view.
Helpful video! Have you tried EveryDollar?
Thank you for all the videos.
I just sign up. Is there any way I can delete past month transactions? I want to star just whit the actual month.
It doesn’t look like you can delete transactions from Mint, but you can exclude them. Here is an article showing how: help.mint.com/Accounts-and-Transactions/888959801/How-do-I-delete-transactions.htm
It's been almost a year. Are you still using Mint or have you found another app you like better? Thankyou Susan
Yes - I’m still using it!
Have you tried YNAB?
YNAB has a cost associated with it that I’m just not willing to swallow. Have you tried it? Is it worth the cost?
@@marblejarchannel I have been using YNAB for years (even before the yearly cost was implemented) and honestly believe that the cost is worth it. I personally resonate better with the philosophy of YNAB and what it tries to accomplish. I would check out Nick True's YNAB tutorial on RUclips for more info he does a great job explaining how to setup the tool and I use his videos to help explain to others who are trying to start budgeting. As for PC vs Mobile, I always prefer to use PC since it has more screen real estate for information but the Mobile app is great too.