Budgeting can be challenging on its own, but with the correct budget app, you should be able to track your spending habits, identify strategies to spend less and save more, or budget efficiently as a couple.
Category: Manage Your Money
Best Mint Alternatives For Budgeting And Managing Your Money
On January 1, 2024, Intuit has annouced that it would discontinue the personal finance software Mint. Users of Mint are being asked to switch to Credit Karma, another personal finance tool offered by Intuit.
Certain functions from Mint are being transferred to Credit Karma, according to the FAQ section on the Intuit website. It states that Mint customers will still be able to see their net worth, spending, cash flow, and bank account information. However, Credit Karma isn’t configured to allow you to create category or monthly budgets.
You’ll need to think about your options if you’ve been using the Mint app’s budgeting tools.
If you’re looking for a budgeting tool that allows you to create a monthly or category budget, here are seven of the greatest ones.
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Top Picks
Top Pick for Personal: Empower
Top Pick for Professional Budgeting: Quicken
Best Mint Alternatives
Empower (Formerly Personal Capital)
One of the better alternatives to Mint is Empower; if you’re interested in knowing more about how they vary, I’ve already compared the two.
People can manage their finances across numerous bank accounts, credit cards, and investments while on the go thanks to its free mobile and tablet app.
With Empower, linking all of your financial accounts in one location is incredibly simple, making it simpler to monitor account balances and other details.
Empower gives you access to all of your financial institutions, tracks your spending, helps you make monthly budgets, and offers tips on how to increase your savings.
In addition to tools for retirement planning and investment accounts, the Empower personal dashboard offers live advisors who are accessible to answer your queries around-the-clock.
Simplifi
Quicken has released a new mobile budgeting app called Simplifi, which might help you better manage your finances.
It accomplishes this by examining all of your bills and revenue as well as costs to generate an efficient spending plan for the upcoming months in advance!
This can help you stay on top of your budget by allowing you to anticipate monthly payments such as rent or other recurring subscriptions.
You may easily cancel before the trial period expires if it doesn’t fit your needs or schedule because there is no fee for the first month!
By automatically classifying your costs and monitoring upcoming expenses, Simplifi assists with budget tracking. To assist you get to your goals more quickly, you can also set savings objectives.
Quicken
I’ve also liked the personal finance program Quicken to Mint.
Many users claim that Quicken is the most advanced personal financial program that can display your cash flow.
It provides the ability to track your investments, link your financial institutions, and calculate your net worth.
This dashboard allows you to monitor your cash balance, pay any past-due bills, access all of your financial accounts in one location, and do much more.
Although Quicken isn’t free, its basic plan does cost $34.99 a year.
Although you can download transactions and documents to your computer to manage your accounts, verify tax requirements, and more, they preserve your information on a storage server.
Credit Karma
The majority of my Credit Karma Review is focused on my use of Credit Karma, which is a relatively new tool for managing finances. I primarily used it to check my credit score.
Credit Karma can still monitor your finances, but it is not yet able to establish or manage monthly budgets.
It provides you with an overview of your finances and bank accounts, allowing you to monitor your spending using pre-made categories (you are unable to label expenses yourself).
Credit Karma does offer advice on managing your money to raise your credit score, and this can be quite beneficial to customers.
Budget Printables and Templates
Although there is no one ideal approach to budget, a lot of people discover that using conventional budgeting templates works best for them.
In addition to a free software, you can attempt budgeting the traditional way with the help of free printable budget templates.
You have complete control over how your budget is built up with a standard spreadsheet. If you’d rather, you can even use Google Sheets in place of Excel.
If you’re searching for something simple to use, my budgeting template is a wonderful example; you can get your free copy of it right here!
Additionally, I have a budget binder that will make a positive difference in your lives—just as it did in ours!