Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company’s decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement.
Here’s what the news means for consumers and what to consider when choosing a new budgeting service.
What is Mint?
Mint, acquired by Intuit in 2009, is a free personal finance app. It has long been one of the most widely used and highly rated budget apps. Mint links to nearly all types of users’ financial accounts, such as credit cards, investments and loans.
Mint’s loyal following has gravitated toward its comprehensive features, including the ability to review spending, track net worth and personalize goals and budgeting categories.
What’s happening to Mint?
In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.
While several Mint features will live on in the Credit Karma app (such as spending and net worth tracking), setting monthly budgets and customized categories won't make the cut. It’s unclear whether these capabilities might move over eventually.
The good news is that Mint isn’t shutting down overnight. The company is giving Mint users “ample time” to plan for the change, an Intuit Credit Karma spokesperson said in a statement.
Those who rely on the app will have several months to gather their financial information from Mint and search for an alternative budgeting tool. Still, this window may not feel long enough for some users. Here are steps you can take to make the change less painful.
First, take stock of any stored information you don’t want to lose. You can download your existing Mint transaction data as an Excel spreadsheet by following the instructions on Mint’s help center page. Taking screenshots of helpful charts or insights is another option.
Then, make a list of the Mint features you used most often or that were most helpful to you. Refer to this list when exploring what replacement apps have to offer.
What to look for in a new budgeting app
There are plenty of other budget apps out there that can help fill the void once Mint shuts down. Many personal finance websites, including NerdWallet, offer free money management tools. Compare NerdWallet vs. Mint to learn how their features line up and differ.
PocketGuard is a free service that highlights your spending and net worth and allows you to budget for goals. YNAB is a popular app that also lets users create customized plans for their money, but it has a subscription fee.
Mint users don’t necessarily have to start from scratch. Some apps, like Monarch and YNAB, allow new users to manually import data files from their banks or other personal finance apps. Like Mint, there are many other apps that automatically sync with users’ financial accounts. Some may even pull multiple years of your transaction history, which can be ideal if you don’t get a chance to save your Mint data before it vanishes.
Before committing to a paid budget service, take advantage of free trial periods — if offered — to learn whether it’s worth the money. And before signing up for any budgeting service, read reviews in app stores and on trusted financial websites.
An app’s community and customer service (or lack thereof) may be worth paying attention to as well. Mint’s large user audience and customer support made it easier for many to learn and troubleshoot.
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The Mint budgeting app officially shut down on March 23, 2024, and users can no longer access their data on the app. Intuit®, which owns Mint and other personal finance platforms like QuickBooks® and TurboTax®, suggested users migrate to Credit Karma, which it also owns.
Mint, a budgeting app acquired by Intuit in 2009, is shutting down as of Saturday, March 23, 2024. Mint shows users an overview of their financial well-being by displaying the current status of multiple linked accounts on one screen.
The reason for closing down the Mint app is the supposed consolidation of Intuit's personal finance products and to prioritize their focus on Credit Karma, which has more features and functions than Mint. However, some key features that made Mint what it is are said not to be available in Credit Karma, like budgeting.
In less than two weeks, the budgeting app Mint — which once had 3.6 million active users, including me — will shut down forever. According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January.
Intuit is asking Mint users to move to Credit Karma, one of the company's other personal-finance platforms. On Credit Karma, you will still be able to view your bank accounts, transaction history, spending, cash flow, and net worth.
One of the biggest Mint competitors is You Need a Budget, or YNAB. It can get very specific in your expense tracking and categorization. Most folks love it because of that, as well as its zero-based budgeting method.
It took longer than expected, but T-Mobile has completed its purchase of prepaid provider Mint Mobile. After gaining approval from the Federal Communications Commission last week, T-Mobile announced on Wednesday that it has closed the acquisition of Mint's parent company, Ka'ena Corporation.
The Mint app is shutting down by March 23, 2024, as its owner, Intuit, encourages users to migrate to its other product, Credit Karma. Unfortunately for Mint users, Credit Karma doesn't offer all the same features as Mint, such as budgeting or the ability to view spending trends month-over-month.
What's happening to Mint? In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.
“If overwatered, the plant will start to turn yellow or brown and wilt,” Trout says. “I suspect that is what is happening to this mint.” Mint also needs lots of sunlight, which can be hard inside, especially in winter when the days are short, and the sun is low in the sky.
In April 2016, Mint claimed to have more than 20 million users. Five years later that number had dropped to 3.6 million, an 80+% loss in users (depending, of course, on how you define "users").
Mint recently announced: “Reimagining Mint as part of Intuit Credit Karma will expand our capabilities,” which is them trying to put a positive spin on the fact that they're shutting down their budgeting app capabilities—and Mint budgeters won't be able to access their budgeting accounts or continue budgeting starting ...
Best Mint Alternative: Empower. This site has been a great tool in my personal finance arsenal and is my go-to resource for tracking my investments across all of my investment accounts. ...
Is Mint safe to use? Mint is a personal finance app that is safe to use. The company has safety features including multi-factor authentication and security scanning tools to keep your account and personal data safe. Does it cost money to use Mint?
Quicken Simplifi is better. Quicken Simplifi gives me an easy-to-use, clearly visible dashboard of where my money is going, based on linked bank accounts. It "feels" like Mint, in the best possible way.
Mint offered a broader range of features for free than Rocket Money. Users could access almost everything the app offered at no cost, except bill negotiation and in-depth money analysis. The higher-tier version of Mint was also less expensive overall than Rocket Money's Premium version.
Introduction: My name is Geoffrey Lueilwitz, I am a zealous, encouraging, sparkling, enchanting, graceful, faithful, nice person who loves writing and wants to share my knowledge and understanding with you.
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