Are you ready to move on from Mint? Is Mint no longer synching with some of your accounts?
If so, we will cover some of the best Mint alternatives and why you should consider the hassle of switching to another budgeting and money management software.
Mint was a great personal finance tool but competitors have caught up.
When Mint.com first arrived on the scene, it was a revelation.
Here's a free service that would aggregate all of your credit card spending and take away one of the biggest time sucks in responsible money management. In one fell swoop, you had yourself a budget just by linking up your financial accounts.
Sure, there were initial hiccups. Categorization was a pain, the tools around managing your budget were raw, but Mint.com grew itself from a disruptor of Quicken to a full-fledged competitor. So much so that Intuit would buy Mint.com in 2009 for $170 million, shut down Quicken Online, and sell Quicken to another company.
It's been over a decade since Mint.com's launch in March 2006. At that time a lot has changed. A new crop of startups, Mint alternatives if you will, built on fresh new technology and an eye to disrupt the once-disruptor.
If you're looking to move on (and if you're tired of constantly fixing your account connections!), you might find your next favorite from this list!
- Personal Capital – free financial dashboard plus wealth and retirement planning
- You Need a Budget – a better budgeting methodology and education
- Tiller – level up your spreadsheets with automation
- PocketSmith – plan your budget and project with confidence
- Quicken – Old but powerful if you can make it work
- EveryDollar – Dave Ramsey's budgeting tool
- GoodBudget – support envelope budgeting methodology
- MoneyDance – avoid the cloud, locally stores your data
- CountAbout – can import your data, small company feel
- PocketGuard – freemium and budget focused
- Banktivity – built specifically for MacOS
- Wally – completely free budgeting application
Our Personal Capital review explains the service in greater detail, including how it fits in our financial workflow, but this post on why I switched from Mint to Personal Capital highlights the big reasons why I personally made the switch.
The tl;dr on why I switched was that Personal Capital has a suite of investing related tools that Mint simply doesn't. I was less interested in the expense tracking features and more interested in getting a better handle on where my investments were, whether I was doing it right, and Mint wasn't cutting it anymore. With Mint, I feel like you're looking backward. With PC, I feel like I have a better idea of where I'm going; if that makes any sense.
Like Mint, and many of the alternatives on this page, Personal Capital is free.
Mint is a powerful tracker but if you want to really get a handle on your budget, you need to be looking forwards and not backwards. You Need a Budget, also known as YNAB, is great for budgeting for this very reason because it relies on zero-based budgeting and projecting your budget forward. (check out this head to head YNAB vs. Mint post for specifics)
YNAB focuses on four rules – Give Every Dollar a Job (ie. zero-based budgeting), Embrace Your True Expenses, Roll With The Punches, and Age Your Money – which helps you take what you're doing now and put it in a framework that sets you up for financial and budgeting success into the future.
YNAB has a $5 monthly fee ($50 if you pay annually) after an initial 34-day free trial.
(or, read our You Need a Budget review for more)
If you prefer taking everything in-house and tracking your budget with a spreadsheet, Tiller is the only option on the list that lets you do that. With Tiller, you put your budget into a Google spreadsheet and they do the work of pulling your transaction data from your various financial institutions.
Founded in 2015, it's the only service that will sync your financial transactions into a completely customizable spreadsheet. It's not free though, it's $5 a month, but you get access to a ton of templates to get your spreadsheet started. (our review of Tiller)
(There's a free 30-day trial.)
PocketSmith is a fully featured budgeting tool that leans on calendars and the idea of “event-based budgeting.” Rather than viewing your transactions strictly as a ledger, the approach uses a calendar and tracks recurring expenses alongside one-time transactions to give you a better understand of your spending. It's a novel approach to budgeting and could be helpful for those who are more visual.
PocketSmith has a free option that makes you manually import transactions, 12 budgets, 2 accounts, and projections for 6 months out. Premium ($9.95/mo) will get you automatic transaction importing, unlimited budgets, 10 accounts and 10 years of projections. Super ($19.95/mo) gives you unlimited accounts and 30 years of projections.
We have a special coupon code that gives you 50% off the first two months of Premium – make sure to enter the code 50OFFPREMIUM-5G7T for 50% off the first two months.
If putting your data into the cloud worries you and you thought Quicken might be the answer, I have bad news – Quicken puts your data in the cloud now too. But like everyone else, they have bank level security so it shouldn't be too much of a worry.
One thing that Quicken does offer that these other services don't is the ability to set up bill pay, which works well for some of those smaller banks that don't offer it though it comes with a fee. It also pulls your home value information via Zillow, if that is important to you.
Quicken is a software application you purchase (starts around $30 for the Starter Edition but quickly goes up) and downloads to your computer (or mobile device).
(also worth noting, Quicken recently released Simplifi by Quicken, a personal finance app)
EveryDollar is a budgeting tool affiliated with Dave Ramsey (Lampo Group) and works off the principle of zero-based budgeting. It's a very beautiful looking app, available on iPhone and Android, and you have the option of using the free version of the paid Plus version ($129/year).
The big difference between the free version and the paid version is that the paid version has phone support and automated transaction imports/downloads (this is a huge difference). So unless you pay, you have to manually enter transactions. We take a look, with screenshots, at how Everydollar works firsthand.
We do a deeper comparison of EveryDollar vs. Mint if you're seriously considering EveryDollar.
Do you like the idea of envelope budgeting? If so, GoodBudget is a free budgeting app based on that method.
If you aren't familiar, envelope budgeting is where you set your budget ahead of time (rather than just tracking) into categories, which you track with envelopes of money. You don't have to use envelopes or cash but the genesis of the idea is based on actual cash in envelopes. You spend down the amounts in your envelopes and you can borrow from different envelopes if you overspend in a category.
This method is popular because it abandons credit cards as a tool, which is more often than not a detriment anyway. GoodBudget uses technology to help you manage it without envelopes and can synch with your bank to track spending and income. It's available for both iOS and Android phones.
You may be surprised to know that MoneyDance is one of the very few personal finance tools that does not upload your data to the cloud. They offer the ability to link accounts online for automatic transaction updates or you can do everything manually.
It was lauded by the Washington Post as being a solid contender to Quicken (and thus Mint) and they offer a free trial plus a 90-day money-back guarantee.
While I haven't personally used it, I've heard good things and it's one of the few options that keep your data local. If that's important to you, give it a look.
CountAbout was built to solve the headaches of Quicken users and was founded in July of 2012. It is one of the few personal finance apps that can import data from Quicken and mint, which makes a transition to this app much less painful if you're a data junkie. Unlike Mint, it's not free but the price point is very affordable – $9.99 per year for the Basic product and $39.99 per year for the Premium. (the main difference is that Premium supports automatic downloading of transactions, Basic does not)
PocketGuard is a freemium budgeting app that can link up all your financial accounts in one place – from credit cards to banking to investments to loans, it's a full spectrum of your finances while adding in a savings component by giving you recommendations on where you can save. You can also build a personalized budget using your data as a baseline and then use it to help set goals for yourself.
The free version has much of the same features as Mint but the Plus, which is $3.99 per month or $34.99 per year, lets you add new categories and track cash transactions.
Banktivity is a personal finance money manager built specifically for the MacOS – which is surprisingly rare. It works on the Mac, iPad, and iPhone and syncs your data on the cloud so you're always up to date. Banktivity's features include budgeting, tracking spending, scheduling and paying bills, monitoring your investments (including real estate), and pulling data from financial institutions.
It also has some great reporting features that, if you're a report junkie like me, you will probably really enjoy building, tweaking, and rebuilding. It is not free, it costs a one-time fee of $69.99 but there is a 30-day trial (no credit card required).
Wally is one of the newer entrants but it's a budgeting only tool. It's very well designed that helps you track spending and fully understand your budget, with only a few hiccups that are to be expected from a new-ish tool. The one downside and this is probably because they are completely free, is that you can't download transactions. You have to manually enter them in which can be a good thing. If it's not automatic, it means you don't have to log into your accounts through the tool, in case security is a concern for you.
What do you think? Will one of these replace Mint for you?