Author Topic: Mint is shutting down, and itís pushing users toward Credit Karma - The Verge  (Read 4610 times)

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 16012
  • Debbie says...
    • View Profile

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 9054
    • View Profile
I know you privacy lovers will shudder, but I love Mint. It has been more than worth whatever info I have given away.

DrCool

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 863
  • I know you all want to know what I think
    • AOL Instant Messenger - drcool1973
    • View Profile
    • What Does Joe Think
    • Email
We have been using Mint for the past year or so. Some things are a bit clunky but overall it has been helpful for us to be more disciplined with our budget. Like Ergo said, it is worth whatever privacy I have given away.

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 9054
    • View Profile
I have at least 10 years of data there. I used the dashboard a lot, plus a custom spreadsheet, to stay motivated to pay down the mortgage and hit savings goals and also to save myself from logging into multiple accounts to make sure there's enough to cover a big check or whatever.

I also have gone through for periods and categorized transactions to get a sense of where money goes, how much we could realistically plan to spend in retirement, or simply to tag every expense from a trip to figure out the real cost of the trip and get a sense of how much it would cost to do it again (I find my mental math on a trip can be off by more than 30% in either direction). I also like being able to search for transactions to find out when I bought something or to figure out which payment method I used or whatever.

I am trying Personal Capital/Empower. It's got most of Mint's features. I'm not sure what's missing. It also adds a retirement planner that looks at your numbers and runs 10,000 economic simulations and comes up with a probability that you will not run out of money in retirement. I don't know the methodology or accuracy, but it's probably better than nothing.

For me, I will mildly regret losing the historical data, but for you I think it pulls a year or more from your accounts. So you probably wouldn't miss much from Mint. I'll try to update this thread after I've used it for a month.

I have not looked at Credit Karma. Importing my Mint data would be nice, but it seems like an inferior service for what I want.

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 16012
  • Debbie says...
    • View Profile
> seems like an inferior service for what I want.

"still not clear whether Credit Karma will get the budgeting features that Mint is known for."

I thought Mint was mostly budgeting??  So what good is C Karma?

I do not like Intuit.

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 9054
    • View Profile
I donít use any of Mintís budgeting features.

I use it as mentioned above. All those features might be included in CK except the ability to categorize transactions. I suppose thatís a form of budgeting, but more ex post facto than a forward-looking budget, which Iíve never actually tried.