Need to freshen up your finances? Mint is a free financial panning interface on the web. It is a place to compile all of your accounts (checking, savings, retirement, investments, credit, mortgages, etc.) in order to review them and keep track of all of your expenses. It automatically categorizes expenses, however, you can adjust those categories and add to suit your specific situations. It also allows you to budget and compares the budget you set up with your expenses as well as compare your expenses at specific vendors with national averages.
The way Mint keeps its services free is by advertising various offers that may save you money. They analyze your personal financial picture and produce various credit card, mortage and bank account options that generally have better perks or interest rates. The cool thing is that they do not force these offers on you, you have to go to a special page on your account to view them. You could never even look at them if you so choose.
The big question that comes up is that of security. They have gained a great reputation for what they do and for their security. Here is a quote from their site. They say that Mint.com employees
can’t view your banking username and passwords. We do not store this information at Mint. Your banking login credentials are securely stored by our online financial service providers. Your Mint login credentials are not shared with these providers.
I personally use the site, not to budget or categorize my expenses, but to have one place where I can see a birds eye view of my financial picture. Most of us Childen’s Ministry leaders don’t make much money, so it important to know where our money is going. Overdraft fees and mis-charges can really put a hurting on us! It certainly can be a great resource to keep you organized in each of your financial areas.
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