5 Ways the Mint App Saves Me Money

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When it comes to personal finance, what’s better than organizing and saving in one place?

Key points

  • Mint is free for all users.
  • Mint allows users to track all of their finances in one place.

I’m not married to the Mint financial app, but I frequent it quite seriously. I don’t think it’s perfect, but it’s one of the best budgeting tools I’ve come across in a long time.

1. Simplicity

Mint has been around since 2006 and has been owned by Intuit since 2009. Intuit is the company that brings TurboTax to us, so if you’ve ever used their hardware, you understand the premium the company places on simplicity.

And me has been looking for something simple when I found Mint. The fact that the app saves me money is both a surprise and an added bonus. Here’s how I save:

2. No fees

Signing up gave me access to everything the app has to offer at no cost. As someone who regularly has to sift through their budget to find old subscriptions that I no longer want to pay for, I appreciate that Mint isn’t another monthly expense. Because Mint makes money selling advertising, I don’t have the ability to remove the ads, but honestly, that’s fine. Considering how much I’ve spent on other budget apps, I can easily live with ads.

3. Bill payment reminder

I’ve always been great at getting bills paid on time, but Mint makes it nearly impossible to let anyone slip through the cracks by providing reminders when bills are due. No late bills means no late fees to pay.

4. Gives me more time to work

I’m a writer, and if I don’t write, I don’t make money. Although I value a good budget more than the average person, the time between monthly bills, occasional expenses, and bank accounts was zero time. Planning long and short term goals only added to the time it took me to organize our financial situation.

What I love most about Mint – and the feature that helps me spend my time more efficiently – is how the app lets me keep all my financial information in one place. No more switching from budget book to checking account statement to retirement account statement. No more listing long-term goals in one place and short-term goals somewhere else in my budget.

If I wonder how one of our accounts is doing, I can access it directly on the Mint app. Indeed, everything, including bank accounts, retirement and investment accounts, credit cards and other bills, is synchronized with Mint.

Time is our most valuable asset, and Mint saves hours on my monthly budgeting sessions. These extra hours give me more time to earn a living.

5. Track my finances

With Mint, there’s no excuse not to take a quick look at the status of our savings or investment accounts. When I’m saving for something special, like a family trip, it’s a great way to stay on track. I find it easier to save money when I know exactly where I am each month.

Another thing that Mint tracks for me is investment fees. It’s crazy how many years I’ve spent pretending fees don’t exist, and how long I’ve accepted high fees as an investment cost. Now that I’m a bit more stingy with our investment funds, I like how Mint lets me see if there are unwanted fees being charged. Even if I only save a few dollars a month, it’s a few more dollars to invest.

I don’t know if I’ll stick with Mint forever, but until another app comes along that blows my hair back, it will play a part in my life.

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