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Personal Finance

Mint.com Update – Super Simple Money Management

I wrote about Mint.com back in January and really liked what they had to offer. One of my biggest complaints was the lack of custom categories. Well they have fixed that now and you can easily add custom categories.

They have also added a very straightforward budgeting section that is so easy to use that you have no excuse for not having a budget! Enter in your budget numbers and then sit back and watch Mint allocate your spending over the month against your budget. This is a great option for people who don’t enjoy spending time in Excel.

In addition to the budgeting feature, they have added a very interesting trending tool.  Not only does it let you look at your spending over time but you can compare your spending to others in your city or state.  This is a really neat feature that can let you compare your spending habits to others and see where you stand.

Although these are both great features the real power of Mint still lies in its ability to categorize all your transactions.  As long as the majority of your spending is on a debit or credit card you can get a great view of your finances with almost no effort.  If you have not tried mint sign up at mint.com.

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