The Mint Budget App Is Gone, But Fear Not, There Are Alternatives

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Looking for an easy way to help create and manage your budget? The Mint budgeting app might be for you. Read this Mint app review to decide. | SUCCESS

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The Mint budget app was shut down as of March 23. Check out our compiled list of the best alternative budgeting apps to try instead.

The Mint app launched in 2007 and quickly gained popularity with its comprehensive features. Mint was a personal finance tool that simplified budgeting and expense tracking. It helped individuals manage their finances, set financial goals and track expenses—all in one platform.

Despite being ranked as one of the best tools in the personal finance management space, the Mint app officially closed down on March 23.

If you were a fan of the Mint budget app, then this new development might have put you in a confusing position. Fortunately, in this article, we’ve compiled a list of helpful budgeting tools that are great Mint alternatives. These tools have numerous features designed to improve your financial life.

Running late? Here is a quick rundown of the tools we discussed:

Mint was launched in 2007 and acquired by Intuit in 2009. The app gathered 3.6 million users in 2021. Despite their success, they announced the Intuit Mint app shutting down on March 23.

According to Intuit—the parent company—Mint was not making enough money to sustain the business. Their business model relied heavily on advertising and referral fees, and it became a struggle to cover operational costs. This financial strain made it difficult for Mint to stand alone as a product, hence the company’s decision to shut down.

They planned to migrate their current users to Credit Karma, another finance app owned by Intuit. This suggestion did not get a positive response from subscribers. Although Credit Karma would have some of the Mint features, such as transaction categories and credit score updates, others, like a comprehensive budget tracker, would not be available. Users could migrate to Credit Karma or find an alternative budgeting tool before the stipulated time.

Mint was an effective finance management tool, but it did have downsides. These included slow loading times, problems with bank synchronization and occasional performance issues. Fortunately, you can find powerful Mint alternatives listed in this piece.

Wondering what to use instead of the Mint app? Here is a list of seven top alternatives:

Rocket Money is one of the best Mint alternatives in the financial market. It stands out as a strong financial management app for budgeting. It offers a number of personal finance tools, but it’s most known for its ability to identify recurring subscriptions and track and cancel them. This feature-rich platform has helped over 5 million members manage their finances effectively.

Free version available

Premium version costs between $6 and $12

Rocket Money primarily targets people who get many recurring bills, as well as those who want to keep track of their subscriptions.

This app is highly recommended for individuals looking to manage their finances effectively.

With over 20 million downloads, Money Manager is a leading platform in the personal finance industry. Money Manager has an exceptional interface with a user-friendly design. This makes it easy for members to transact on the platform, simplifying budgeting and expense tracking. It’s an excellent app for tracking multiple accounts since it uses a double-entry bookkeeping system. This allows users to manage both personal and business accounts effectively.

Free version available

Premium version: Monthly at $2.49

The Money Manager app is best for those looking for a simple approach to budgeting and financial monitoring. People who prefer detailed tracking will enjoy the visual representations of this app. It displays all your accounts at a glance, fulfilling its promise to give users a 360-degree view of their finances.

Empower is a useful tool that combines budgeting and investment tracking features. These can help people build a more stable financial life. This platform allows users to link to several accounts, tracking their overall financial health with ease. Empower also has an investment checkup feature that can give you recommendations.

Free version available

Empower targets users seeking a comprehensive finance tool with cash flow management features.

YNAB utilizes a strict budgeting approach, encouraging members to either save or invest funds as they come. It creates a debt payment plan, categorizes transactions, and helps you spend wisely.

Free trial for 34 days, then $14.99 monthly

YNAB is a good app for individuals who want a disciplined approach to budgeting and are interested in gaining financial literacy. If you struggle with saving and need more structure in your finances, then YNAB might be your tool.

Monarch Money uses effective budgeting, goal setting and tracking to help users take control of their finances. This tool stands out following its holistic financial management approach. By displaying your finances in one place, you have a general overview, which can improve your planning.

Free trial for 7 days, then $14.99 monthly

Monarch Money is a good option for people who appreciate detailed insights. It’s also good for those who are collaborating on finances.

Good Budget utilizes the traditional envelope method of budgeting with virtual envelopes. Subscribers can assign funds to specific purposes. With this method, people can control their spending and meet their financial goals without requiring physical cash.

Free version available

Paid version costs $10 monthly

This app is beneficial for those who prefer a hands-on approach to budgeting.

Zogo has a unique approach to budgeting and saving. This tool offers subscribers education and rewards for their financial learning. The rewards come in the form of virtual pineapples, which can be redeemed as gift cards. The Zogo tool also utilizes financial literacy quizzes to provide financial education to users in a fun way.

Free

Zogo is a smart choice for young adults looking to improve their financial literacy while managing their finances. If you enjoy a challenge, fun and interactiveness, then Zogo will work for you.

Having the right app to manage your finances is important. As you’re deciding on your next budgeting tool:

The seven top budgeting apps mentioned are powerful Mint alternatives. They each have features designed to improve financial literacy while helping you keep track of your budget. Here’s a recap of the best Mint alternatives and their key benefits:

Transitioning from Mint to another financial management app may feel daunting. Yet there are new features to explore, and you can connect with a new network as you switch apps. Find an app that exceeds your expectations and helps you meet your financial goals.

Here are the answers to some frequently asked questions about the Mint budget app:

Intuit, the parent company of the Mint app, officially shut down the app in March. This was due to Mint’s financial struggles. With this transition, many subscribers began seeking alternative budgeting apps.

Some of the best budgeting apps that can be used as a Mint alternative:

Top budgeting apps include these features:

Most top budgeting apps allow users to import their transaction history from Mint and other apps, but it depends on the specific app and its capabilities. You may need to to transfer your data manually.

Photo by: Kaboompics.com/Shutterstock

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