Mint is a website and mobile app which allows you to put all of your financial accounts into one place. You can view your bank account info, credit card info, PayPal, and many more on just the mint app or website. When you make a transaction whether online like Amazon or in an actual store like Walmart, Mint automatically categorizes the transaction and dollar amount into many different categories, like Shopping, Auto & Transport, Food & Dining, Personal, etc. Mint allows you to set a budget for certain categories and warns you when you are getting close to going over budget. You can even set up financial goals and Mint will help you in budgeting to reach those goals.
Mint just started a new program where you can see your credit score completely free of charge, no strings attached. On my Mint account I have my debit card, credit card, and PayPal linked to it, on the homepage of the app it shows me graphs on how much I spent each month for the past 6 months; my net income each month, my budget, and how much money I spent in all of the different categories. The mobile app is very simplistic and easy to use, it only takes a few minutes to make an account and link your financial accounts to it.
Mint is useful for entrepreneurs because it shows them how much and where their money is going. Mint makes it extremely clear that you spent $100 on gas and $30 on fast food. Entrepreneurs would find this useful for a business they run, where they can see where all of the businesses money is going and how to budget it properly. If an entrepreneur wants to know where they can save money they can look at the app and see that they spent too much money on transportation that month and should look for cheaper alternatives in the future, or that they spent too much money on dining out with clients when they could have gone to equal quality of restaurants but cheaper. The Mint app also gives you advice, like setting up an emergency fund or an IRA. Mint uses the same encryption that all major banks use, 128-bit SSL, so your information is always secure. Mint is a beautifully made and extremely functional app that is 100% free and has over 10 million users.
You can access the website at www.mint.com and the accompanying apps on both the Apple appstore and Google playstore.
Wow. Mint sounds so awesome I am about to go download it right now! This is exactly what I need because I am not so good with managing my money. It is also nice that you are able to keep track of your debit card, credit card, and PayPal all on the same app! Super excited for my new feature to my phone.
Not only does Mint sound beneficial for entrepreneurs, but an incredible resource for college students. Many people our age are just beginning to manage their own funds and having it laid out like that right in front of you could be a huge help. Another benefit from an entrepreneurial standpoint is that for businesses that are just starting out and don’t quite know what their monthly budget needs to look like yet, this will make it easier for them to see how much they truly need to spend, where they need to spend it, and what can be cut out if necessary.
I have never heard of Mint but this sounds like great time saver to make life just a little bit smoother. Whether used for a business or personal help, it appears that it can serve many people in many different ways.
I have used Mint in the past and it is excellent because I do not only use one bank, so opposed to PNC’s virtual wallet, I can access all my bank accounts from one place. It has many more features than the virtual wallet, and the fact that it gives you the information of where you are spending your money more clearly. This is a perk for Entrepreneurs because they can see exactly where they are spending their money.
This is definitely a solid tool to download specifically for Entreprenuers. Having all of the different accounts in one location saves time. Time for Entrepreneurs = money. I’m sold.
This is incredible. I’m absolutely not a detailed-oriented person, so keeping up with a budget has always been really difficult for me. I don’t like spending a bunch of time counting up what I spent on various things, and figuring out when I got paid, and how much of it I wasted, etc. I’m only interested in the big-picture end result, and I’m not willing to do the busy work myself to get there. With mint, I could just keep track by looking at the actual statistics, and modify my behavior based on that.