
Mint.com is now owned by Intuit, which is discontinuing its own product, Quicken Online, by this summer. The best features of the two top-ranked sites will be incorporated into Mint, making the already-great site even better. Mint now connects to over 14,000 U.S. financial institutions, and users will soon be able to add cash transactions manually, something they had asked for. You can now set limits in by spending category (utilities, travel, etc.) and Mint will send you alerts if you go over-budget; you can also carry over balances month-to-month for irregular or unexpected expenses. Mint.com tracks more types of accounts than any other site, and its Ways to Save feature is unique as well. Those who want a site that emphasizes budgeting may want to try Buxfer.com (Free), say reviewers.
We found recent, credible comparative reviews of Mint.com at Moneywatch.com, CBSNews.com, CNNMoney.com, Slate.com and CNET. Forbes columnist Sramana Mitra's blog compares Mint with other online finance software, as does Kiplinger.com. About.com and PCMag.com offer single-product reviews of Mint.
Our Sources
Kristof tries out five personal finance sites, writes a fairly detailed review of each and rates each one on a scale of 1 to 5. Mint.com is her top choice, with 4.5 points; she writes that it is "far and away the most sophisticated and comprehensive site. It is also exceptionally easy to use." She doesn't like the Ways to Save feature, however, saying the suggestions often seemed off the mark.
Review: The Best Money Management Sites, Kathy Kristof, Dec. 2, 2009
2. About.com
Elmblad gives Mint.com an overall score of about 4 out of 5. She finds the Ways to Save suggestions helpful, and concludes, "Mint.com free online personal finance software offers enough personal finance management tools for most people while remaining very easy to use." The only drawbacks Elmblad points out are that you can't enter cash transactions manually or reconcile accounts, and that it only works with U.S. financial institutions. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)
Review: Mint.com Free Personal Finance Software Review, Shelley Elmblad, Updated Jan. 11, 2010
3. CBSNews.com
CNET's Rafe Needleman reviews five personal finance sites, with a focus on how each tries to help users set goals or save money. Along those lines, he likes that Mint.com lets you compare your spending in different categories with that of others in your locality -- city or state -- but notes that there's no way to filter by variables like the size of your house or household. Needleman also mentions the Ways to Save feature, but has no criticism of it.
Review: Sites for Smarter Money Management, Rafe Needleman, Apr. 3, 2009
Mint.com is once again named a PCMag.com Editor's Choice in 2009 in this follow-up review. Reviewer Kathy Yakal uses superlatives to describe it, calling it "the best online personal-finance software out there," and saying that "Mint.com's interface is one of the best I've ever seen: clean, crisp, colorful, and so simply designed that you can't get lost." She also praises Mint for how easy it is to set up, for its Ways to Save feature and for its investment tracking capabilities.
Review: Mint.com, Kathy Yakal, April 28, 2009
5. CNET
This review compares several financial websites. Mint.com gets higher marks than Buxfer.com, Geezeo.com or Wesabe.com, but Reisinger says that it "doesn't provide the kind of depth that you would expect from a full-featured money management tool." Moreover, Reisinger says he wouldn't feel comfortable handing over the user IDs and passwords for his accounts to Mint, which he considers a small company. (That has changed since Intuit bought Mint.)
Review: Manage Your Money Online With These Services, Don Reisinger, Jan. 22, 2009
6. ConsumerReports.orgDetails/Subscribe
ConsumerReports.org provides very brief reviews of four personal finance sites, including Mint.com. There's also an overview about security issues. The bottom line on Mint: "Good for a snapshot of your spending but not the complete financial picture."
Review: Budgeting by Computer, Editors of ConsumerReports.org, July 2009
Guest reviewers Charles Bush and Kathy Hwang review Mint.com along with other finance websites and rate the sites based on how well they perform in four areas: financial forecasting, education, support groups and whether they have a scorecard feature that lets users know if they are meeting financial goals. Mint wins high marks for its aesthetics and ease of use.
Review: Redesign That: Online Personal Finance, Part Two, Charles W. Bush and Kathy Hwang, Feb. 7, 2009
8. Kiplinger.comDetails/Subscribe
This excellent comparative review provides detailed looks at free finance software websites Mint.com, Wesabe.com and Geezeo. Mint is the favorite of reviewer Stacy Rapacon, who likes the site's ability to track all your accounts, offer personalized savings tips and generate charts and graphs to give users a big-picture view of their financial situation.
Review: The Six Best Budgeting Sites, Stacy Rapacon, March 2009
9. CNNMoney.com
This comparative review rates four free personal finance websites. Mint.com gets 4 out of 4 stars and is the top pick for its "inviting layout" and ability to track and provide detailed analyses of investment accounts.
Review: All Your Money At a Glance, Joe Light, Dec. 2, 2008
Personal Finance Sites Runners Up:
2 picks including: About.com, The Wall Street Journal…
2 picks by top review sites.
1 pick by top review sites.
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