If you are a fairly new Hip2Save reader, then you may not have seen my post about Mint.com back in May of this year. Mint.com is the perfect tool for those of you who are determined to find a FREE and easy way to create (and follow) a budget. Mint.com is a secure web–based solution for online financial management and the best part– it’s FREE!
Here’s how it works…
*You register anonymously using any valid email address, and then add the log–in information for the online bank, credit union, credit card and investment accounts you want to consolidate in Mint.
*Mint connects securely to nearly all US banking financial institutions that have Internet banking capability; your account information is updated daily.
*Mint automatically categorizes all your purchases, showing you how much you spend on gas, groceries, parking, rent, restaurants, DVD rentals and more. (I love the fact that Mint creates pie charts of your expenses…it definitely helps those of us who are visual learners ); Mint also provides you with tools to plan, create and track a budget
*Mint automatically analyzes and graphs your investment performance, showing you how you’re doing versus relevant market indicies like the S&P 500 and highlighting the fees you’re paying in each of your accounts.
*Mint’s advanced alerting system sends you email or SMS messages (your choice) on any unusual activity, low balances, fees and upcoming bills so you’re in constant contact with your money.
*Mint.com uses bank-level data security verified by Verisign and TrustE; you’re anonymous on Mint.com; you don’t share your name, address, social security number or account numbers.
If you are currently one of the 1 million members of Mint.com, please let us know in the comment section below what you think of this budgeting tool…has it made you more aware of your expenses and has it helped you stick with a budget? Let us know!