What Budget App Is Better Than Mint?
Mint has long been go-to budgeting app for many users. However with Intuit shutting down Mint in 2024 people are actively seeking better alternatives. What Budget App Is Better Than Mint? Whether you’re frustrated with Mint’s limitations or simply looking for more robust financial tool this guide explores top budget apps that outshine Mint covering their features pros and why they might be superior choice.
Read More: What Is Best App for Keeping Track of Expenses? In USA
Why Is Intuit Shutting Down Mint?
In November 2023 Intuit announced it would sunset Mint by January 1 2024. company stated that they were integrating Mint into Credit Karma which they acquired in 2020. While Credit Karma offers financial insights it lacks detailed budgeting features that made Mint popular.
Many users expressed frustration as Credit Karma focuses more on credit monitoring than comprehensive financial management. This shift left loyal Mint users searching for reliable alternatives with similar or better capabilities.
What Are Disadvantages of Mint App?
While Mint was popular it wasn’t perfect. Here are some of its biggest drawbacks:
Limited Customization
Mint offered basic budgeting categories but lacked flexibility. Users often struggled with customizing categories to fit their specific financial needs.
Outdated Interface
The clunky user interface felt outdated compared to modern apps with sleek intuitive designs.
Inconsistent Syncing Issues
Many users reported frequent syncing problems with bank accounts leading to inaccurate financial data.
Lack of Advanced Features
Unlike premium budgeting apps Mint lacked debt payoff plans advanced investment tracking and in-depth financial forecasting.
What Is Good Substitute for Mint?
If you’re searching for better budget apps here are five powerful Mint alternatives that offer superior features and user experience.
Monarch Money What Budget App Is Better Than Mint?
Best For: Overall financial management
Monarch Money is gaining popularity for its user-friendly interface and robust budgeting tools. Unlike Mint it offers:
- Collaborative budgeting: Share finances with partners.
- Investment tracking: Monitor your portfolio.
- Customizable categories: Tailor your budgets.
Pricing: $14.99/month or $99.99/year
Why It’s Better Than Mint: Monarch offers enhanced customization and seamless bank syncing.
Source: Forbes
YNAB (You Need Budget)
Best For: Zero-based budgeting
YNAB is perfect for those seeking proactive budgeting. Its key features include:
- Goal-setting tools: Helps you pay off debt faster.
- Real-time tracking: Syncs with your bank in real time.
- Detailed reports: Visualize spending habits.
Pricing: $14.99/month or $99/year
Why It’s Better Than Mint: YNAB focuses on intentional spending rather than just tracking expenses.
PocketGuard
Best For: Simplicity and spending insights
PocketGuard excels at spending control with features like:
- In My Pocket (IMP): Shows how much you can spend after bills.
- Automatic categorization: Quickly organizes transactions.
- Bill tracking: Reminds you of due dates.
Pricing: Free (basic plan) or $7.99/month (premium)
Why It’s Better Than Mint: PocketGuard’s real-time spending insights give you better financial clarity.
Quicken Simplifi
Best For: All-in-one financial management
Quicken Simplifi offers robust expense tracking and detailed financial planning including:
- Spending trends: Visualize patterns over time.
- Subscription tracking: Cancel unused services.
- Customizable reports: Gain deeper financial insights.
Pricing: $3.99/month or $47.88/year
Why It’s Better Than Mint: Quicken offers more detailed reporting and expense analysis.
Empower (Formerly Personal Capital)
Best For: Investment tracking and net worth management
Empower is ideal for budgeting and investing with features like:
- Net worth tracking: Monitors all your assets and debts.
- Retirement planning tools: Helps you project future savings.
- Expense categorization: Detailed breakdown of your spending.
Pricing: Free for budgeting; advisory services start at 0.89 percent of AUM.
Why It’s Better Than Mint: Empower offers advanced investment tools which Mint lacks.
FAQs About What Budget App Is Better Than Mint?
What is closest app to Mint?
YNAB and Monarch Money are considered closest Mint alternatives offering similar tracking and budgeting features with improved customization.
Is Quicken better than Mint?
Yes. Quicken Simplifi offers more detailed financial insights and better reporting capabilities than Mint.
What free apps are better than Mint?
Empower and PocketGuard offer free versions with excellent budgeting tools making them strong free alternatives.
Conclusion: Choose Best Mint Alternative
With Mint’s shutdown finding right budgeting app is essential for effective financial management. Monarch Money YNAB and Empower stand out as superior Mint alternatives with enhanced features and better usability. Whether you want zero-based budgeting detailed spending insights or advanced investment tools there’s perfect fit for you.
