Is looking at your finances painful? Check out Mint.com

Fri, Nov 5, 2010

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A few years back I discovered a free tool that I now swear by and curse at daily called Mint.com.

Its a personal money management tool that “downloads and categorizes your balances and transactions automatically every day— making it effortless to see graphs of your spending, income, balances, and net worth.”

It pretty much rocks and gives you stomach pains at the same time!

(not my actual account)

Have you ever been frustrated trying to update your expenses in an excel spreadsheet?

Have multiple bank accounts you login to each day to make sure there are no fraudulent charges?

Not understanding where your money is being spent?

Mint will give you insight to all the above on-demand (if you can stomach it).

When I have shared this website with others in the past, they cringed emphatically saying “Oh God, I don’t want know!!”

Yes it is painful to see how much money we spend at Starbucks or local watering holes every month but without the knowledge of where the money is going-the bank account never grows.

It sends you a weekly a summary of how you are tracking to set personal budgets and has added tons of new features over the years to help you manage your cashflow better.  You can also download apps on your mobile phone to get a quick snapshot.

Check it out as way to get a better understanding of your personal finances.

Disclaimer: It won’t replace a professional accountant.  My tax and money coach, Mr. Steven Clem over at Charleston Tax Masters takes the reigns for me from there!

What do you do to better manage your money?  Would love to hear your tips and helpful secrets.

5 Responses to “Is looking at your finances painful? Check out Mint.com”

  1. Elizabeth McGough Says:

    Great post, Rizz. I think mint.com is a great way for females especially to get their toes wet with savvy personal money management. But, of course, I agree that at a certain point the smartest thing you can do is seek the advice of an expert!

    Reply

    • admin Says:

      Thanks! its a great stepping stone to the expert. You will feel much more prepared come tax time. I’m sure females will hate seeing the percentage of overall spending happening in the Shopping category!

      Reply

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