If you are like me, you probably have numerous financial accounts at various financial institutions, and keeping track of them all can often pose a challenge. Many of our money organization problems can be easily solved with Mint.com, a personal finance application that tracks activity in each of your accounts and presents its findings to you in a clear, organized manner.
After entering your account information into the system once, Mint will automatically track your banking activity at the end of each day. For those who are concerned with sharing such important personal information online, Mint uses military-grade encryption to help ensure that all transactions remain secure. To increase anonymity of its users, Mint does not ask you for your bank account or credit card numbers, and the site has received numerous seals of approval from various security organizations, affirming that the site is safe. Additionally, you can request Mint to alert you if any kind of unusual spending trends occur in your accounts so that you may thwart thieves before your monthly statement arrives in the mail.
One of Mint’s goals is to help you plan and manage your spending budget. As Mint updates your accounts, it will categorize your spending habits, showing you how much you are spending on groceries, gas, rent, entertainment, and beyond. The information it gathers from you can be arranged in a visual graph to help you better understand your financial situation. The site will also offer you financial advice tailored to your personal spending habits to help you yield the most from your accounts.
Mint goes far beyond simple budget tracking. The site boasts an expansive database consisting of over 5,000 financial institutions, and every day Mint will scan different financial institutions to see if you are getting the best rates. Mint can also be set up to send you an alert for when an account is running low on funds or to remind you of an upcoming bill’s deadline. Surprisingly, all of Mint’s services come free of charge, giving you much to gain by signing up for this useful online service.
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