When I first started recording my earnings and expenses monthly, it was a tedious process: I was logging into each individual bank and credit card account to view transactions, copying them over to my personal budgeting spreadsheet, and finally re-ordering everything chronologically. At the time, I was a full-time student and did not yet have many expenses, but when I started working and living on my own, the long process made budgeting unbearable. Then I found Mint!
Mint.com is a secure and free way to combine all of your account transactions to help you budget efficiently each month.
As this is a personal blog, I wanted to share with you my own reasons for using Mint.com. This post is extremely relevant because next week I will help you create and fill out your very own budgeting spreadsheet, and using Mint.com is a necessary time-saving resource for that process.
Sophie’s Top 5 Reasons for Using Mint.com
- Free: Who wants to spend money on budgeting tools when you could spend it on fun vacations and pampering pets?
- Secure: Mint is owned by Intuit, the same company that runs both TurboTax, a popular tax preparation software, and QuickBooks, a small-business accounting program. Mint uses multi-factor authentication upon login and SSL encryption to ensure that all data stays safe.
- Convenient: In addition to organizing your daily transactions, Mint provides an updated credit score each month with a breakdown explanation of the factors that affect your score, as well as clear instructions on how to improve your score. (We will dive into the importance of credit scores in a later post!)
- Accessible: You don’t have to worry about missing and leaving out your cash transactions, just log into the Mint app on your phone anywhere anytime and record your expenses directly.
- Easy: The first time you use Mint you will have to spend a few minutes linking all the appropriate accounts, but after that it’s ready to go! Mint saves me hours each month when I budget because I don’t have to switch between accounts to log information. I appreciate that Mint can find ways to save my time and work efficiently.
Mint has so much more to offer than I have discussed above, so take some time to explore for yourself and see what a wonderful resource it is. Other sites, free and paid, are similar to Mint, and I suggest you check those out as well and let me know if you find something better. In the end, I encourage you to find a resource that helps you save time each month so that budgeting is a fun experience, not a tedious chore!
Next week, to thank you for being so supportive, I have a special two-part series ready to get you started on creating your own budgeting spreadsheet! Please follow Sophie Explains on Facebook for the latest updates.
Note to Readers: No, this is not a paid promotional post, although if Mint would like to change that I would be happy to accept. (Just kidding!)