There’s an overwhelming amount of apps out there (approximately 1.3 million for Android users and 1.2 million in Apple’s app store with around 75 billion downloads and 300 million views a week). But how do you know which ones to download? Which ones are worth paying for? How to differentiate between Google and Apple maps? Airbnb or Hotel Tonight? Tinder or Bumble? We’re in search of answering these questions and each week we’ll be bringing you our weekly app pick.
Do you ever wonder where all your money is going or which areas of your life demand the most financial attention? Mint is a great way to keep track of your finances. The simple and straightforward app maps your spending habits and provides daily, weekly and monthly budgeting for basic purchases and shows users cash flow in real time. This includes deposits, expenses, credit card scores and other investments. The app’s primary feature is for tracking and budgeting expenses, and this is where its services provide the most benefits to its users.
Budgeting on Mint is simple to setup: download the app for free and users can instantly sync their bank accounts to the app. Transactions will then get auto-categorized into categories like shopping, groceries or auto and transportation. Each section is intuitively organized and provides users with a layout of their spending in nifty pie charts and graphs. In addition, users can create their own subcategories based on their own unique purchases.
Mint automatically updates users’ financial data. The Updates section includes all transactions and how users have been using their accounts. In Overview, users have access to account totals, monthly budgets and alerts for when they go over budget, and their spending habits broken down.
Mint is a fantastic way for people to analyze their spending habits as the app does it all for you. The app is especially useful for those who primarily use debit or credit cards for their purchases, although the app still works with cash as long as you enter every purchase.
Mint is also helpful for those looking to save for bigger purchases such as an upcoming trip or new home. Users can seamlessly create and manage goals within the app with the goal tracking and managing feature. Users can receive alerts by email or text and review their monthly budgeting to pinpoint where exactly they can cut corners.
Mint provides interesting insight into your spending habits by conveniently laying out where your funds are being directed to. By mapping out your financial patterns, users can budget, create goals and aggregate their financial accounts in one place and is especially useful for those who don’t keep track of their purchases. So, what are you waiting for? Sign up for free, connect your bank account and let Mint do the rest.