Save a Mint

You know that moment right after the spending blur of the holidays when you finally sit down at the computer to check out your balances? What’s in checking? What’s in savings? What’s the damage on each of those credit cards? What did I spend all that money on anyway? And (a particularly frightening question of late) how much is left in that 401K? It’s a long painful process — the financial equivalent of ripping off about 40 Band-Aids. Well, if you identify with this on any level, you probably need Mint.com. Founder Aaron Patzer came up with the idea back in 2005 while using Quicken to do his personal budgeting. After several hours he still couldn’t answer two key questions: How much did I spend this month? And on what? (Sound familiar?) He decided he could create something better. Patzer’s award-winning website helps you consolidate all of your accounts into one easily-viewable dashboard (it even offers a handy iPhone app). It gives you a great overview of your money habits (across ALL accounts), tells you where and how you can save, and turns that long, painful process into something regular and refreshing — the financial equivalent of popping a mint. I gave Mint.com a quick trial (it took less than 10 minutes to set up access to all of my accounts, and it is totally free). First eye-opener: I spent almost $500 on my baby last month. A little crazy, perhaps, but also very good to know. I should spend more time looking for discounts and coupons with baby retailers. Have you used Mint.com? Do you like the sound of it?

Mint.com

Free Personal Finance Tool

Save a Mint

You know that moment right after the spending blur of the holidays when you finally sit down at the computer to check out your balances? What’s in checking? What’s in savings? What’s the damage on each of those credit cards? What did I spend all that money on anyway? And (a particularly frightening question of late) how much is left in that 401K? It’s a long painful process — the financial equivalent of ripping off about 40 Band-Aids. Well, if you identify with this on any level, you probably need Mint.com. Founder Aaron Patzer came up with the idea back in 2005 while using Quicken to do his personal budgeting. After several hours he still couldn’t answer two key questions: How much did I spend this month? And on what? (Sound familiar?) He decided he could create something better. Patzer’s award-winning website helps you consolidate all of your accounts into one easily-viewable dashboard (it even offers a handy iPhone app). It gives you a great overview of your money habits (across ALL accounts), tells you where and how you can save, and turns that long, painful process into something regular and refreshing — the financial equivalent of popping a mint. I gave Mint.com a quick trial (it took less than 10 minutes to set up access to all of my accounts, and it is totally free). First eye-opener: I spent almost $500 on my baby last month. A little crazy, perhaps, but also very good to know. I should spend more time looking for discounts and coupons with baby retailers. Have you used Mint.com? Do you like the sound of it?

Grommet Launch Conversation

Grommet Launch Conversation

  • Aaron
    Aaron

    As Jeanne & Jules mentioned, I started Mint.com to take the work out of personal finance. I had been using Quicken & Microsoft Money for years, but putting in way too much work (balancing everything, categorizing, doing too much "accounting") and I wanted something easier. Hence Mint.com.

    If you have your bank & brokerage logins handy, you should be able to get setup in 5-10 minutes. After that, everything is pretty much automatic - you'll get bill reminders, low balance alerts, most of your purchases will automatically be categorized, and you can set the all important budgets if you so choose.

    Aaron Patzer Founder & CEO

  • Lisa
    Lisa
    1/5/2009 12:16 PM

    My husband loves this program. Sure puts it all out there in plain view where your money goes!!

  • marie
    marie
    1/5/2009 12:28 PM

    This financial tool looks great. I'm forwarding it to my husband so we can look at it together. Good find!

  • Katherine
    Katherine
    1/5/2009 12:34 PM

    We trashed our Quicken program when our computer got hacked and we were worried that our financial information was compromised. This may be the solution for still getting those wonderful reporting tools. Thanks!!

  • Jeanne
    Jeanne
    1/5/2009 12:53 PM

    We actually thought this tool could be really helpful for college kids. Seems like a smart way to learn about budgeting and managing your own finances -- especially when you're first starting off.

    My parents sent me off to school telling me to write everything down in my checkbook and balance it monthly ... you can imagine how long that lasted!

    I'm wondering how this goes over with the college crowd ...

  • Anne
    Anne
    1/5/2009 12:54 PM

    Aaron, Our Visa credit card has been hijacked four times in three years. We got caught in the Boston Globe paper wrap thing, in a local restaurant employee scam, and two totally mysterious fraud situations. Could Mint really have made a difference to us in this? I am going a bit crazy over this. Sitting right now waiting for a new Visa card to show up, in fact....

  • barbara
    barbara
    1/5/2009 1:29 PM

    I'm going to send this off to my favorite husband so he can track and see just how cheap I am to have around!

  • Michele
    Michele
    1/5/2009 1:30 PM

    Love this. I'm going to check it out.

  • Robyn B.
    Robyn B.
    1/5/2009 1:43 PM

    Great information! Can't wait to give it a whirl.

  • Gary
    Gary
    1/5/2009 2:36 PM

    I think the logic of this product is compelling but I feel that even though "read only" access to my acounts is provided thrugh Mint, I am concerned that my bank and or credit card company may not be willing to indemnify me if there are any fradulent withdrawals from my accounts effected by some smart hacker getting around the "read only" constraint. Has Mint checked this out with any of the major banks and or credit card companies?

    Thanks, Gary

  • Jeff
    Jeff
    1/5/2009 3:38 PM

    I definitely liked the 2 1/2 minute video by the CEO addressing any security concerns one might have at: http://www.mint.com/privacy/

    After listening to those provisions (though I'm not claiming to be a security expert) they are certainly in line with what we use at work to secure private student data, and to ensure safe transactions of data uploads where we need to meet Department of Homeland Security standards. Also, paired with the normal liability limitations if anyone were to obtain my bank or credit card information, I don't have any concerns about checking out this product. I've been making purchases on line and filing my taxes on-line for several years and I provide much more personally identifiable information in those cases.

    Looks like a great product. Thanks for showcasing it!

  • Aaron B.
    Aaron B.
    1/5/2009 4:02 PM

    My wife and I have been using Mint.com for about 6 months now and I can honestly say that keeping track of our income and expenses has never been easier. The automatic account updates and reminders keep us on top of things without the need for me to spend my time 'reckoning' our paper and electronic documents. The only small gripe I have thus far is that we have to share login credentials because there's no support for attaching multiple 'users' to a single account. Nevertheless, I give it a solid "A."

  • Joanne
    Joanne
    1/5/2009 4:12 PM

    I spend hours every month catergorizing my Visa in excel--just spent 10 minutes on Mint doing the same thing!! Will definately look closer at the other modules of this site! Great Find!

  • Jessica
    Jessica
    1/5/2009 4:22 PM

    I am definitely going to check this out. Thanks for the great tip.

  • Mark
    Mark
    1/5/2009 5:18 PM

    I just signed up. Fast and intuitive. I understand how it is secure as explained on the site. When you consider everything we do online (purchase, bank, trade, etc) I'd suggest that this is low on the risk scale given the precautions taken. More importantly, it's a helpful tool. It automates the otherwise labor intensive functionality you find in other programs like Quicken, and you looks like you only have to spend your time tweaking categories for expenses to get a pretty accurate read of where your $ is going. I'm also an iphone user, so can't wait to download the app. to see how it works. Great find Grommet!

  • Aaron
    Aaron
    1/5/2009 5:40 PM

    @Anne

    Mint.com can actually help keep you safer by identifying fraud, often before your bank or credit card company does. 90% of fraud actually starts offline - not online. Unfortunately, the average American has 11 different financial relationships - to determine if you're a victim you'd have to login to all your credit cards and bank accounts every day.

    Mint.com takes a very different approach. It's an anonymous, read-only service that monitors ALL your accounts daily. If your balance starts to drop, or if it looks like you're spending an unusually high amount on big screen TVs, Mint.com sends you an email or SMS text-message alert. Hundreds of people have written in saying that they discovered something was wrong via Mint alerts before their bank notified them. And the faster you identify fraud or theft, the better off you are.

    Aaron Patzer, Founder & CEO, Mint.com

  • Aaron
    Aaron
    1/5/2009 5:42 PM

    @Gary

    As a consumer, you are protected with $0 liability for credit card fraud under Regulation Z. For deposit accounts with your bank, your liability is limited to $50 under Regulation E if an issue is identified within 48 hours of occurring. Using Mint.com in no way diminishes those legal protections.

    Aaron Patzer, Founder & CEO, Mint.com

  • Anne
    Anne
    1/5/2009 5:59 PM

    Thanks for answering my question Aaron. Now I will take a closer look.

  • emily victorson
    emily victorson
    1/5/2009 8:09 PM

    i love the idea of money files to keep in track!my mom loves the daily gromet and so do my cuzins!but this one has to be the coolest looking one.all i have to say now is go UNCLE JIM BOSS!

  • emily victorson
    emily victorson
    1/5/2009 8:12 PM

    daily gromet rules!!!! keep up the good work uncle jim boss!!!!!!!!! :D

  • Gary
    Gary
    1/5/2009 10:03 PM

    Aaron,

    Thanks for pointing out that the protections under Federal Regulations Z and E are not impaired becausesomeone uses Mint. That information is very important.

    By the way. As a former banker I'm sure that your decision to name your product, Mint, reflects the fact that money is made (printed or coined) in a mint.

    Gary

  • Barb C
    Barb C
    1/6/2009 9:19 AM

    I just read about this site, while sitting in a doctors office and thought it was interesting but forgot about it. Thanks for reviewing this...it brought it front of mind and now I am going to sign up and use it! Great info!

  • Jules
    Jules
    1/6/2009 9:38 AM

    Funny you mention the doctor's office scenario Barb. A lot of people have related how they see great finds in the magazines at their doctor or dentist, but can never follow up on them. Daily Grommet tries to make those great finds immediately accessible. So I was tickled by your story.

  • tom richardson
    tom richardson
    1/6/2009 11:06 AM

    Hi

    Could not find a way to download the product.

  • Jeanne
    Jeanne
    1/6/2009 11:23 AM

    @Tom - When you click the "Learn More" button above, you'll go to the mint.com website. To the right of the graphics In the center of the the front page is an orange link "Sign Up in Under 5 minutes" - click on this, open an account and you should be all set.

  • Harry
    Harry
    1/11/2009 4:37 PM

    @Tom: How do you secure the information you ask us to give you about each of our online accounts? I think this is a great idea, but I always worry about giving my credentials about my accounts out to anyone who may use them correctly, but store them in a system that can be hacked by others.

    What can you tell us about this subject? Is there some place on your website that describes the measures you take to protect our information?

    Thanks,

    Harry

  • Harry
    Harry
    1/11/2009 4:40 PM

    Oops, I meant to send that to @Aaron

  • Jeanne
    Jeanne – Grommet Team
    2/9/2009 7:18 PM

    @Harry - Aaron was available to answer questions online on the day that Daily Grommet originally featured Mint.com, but I'm happy to point you in the right direction. You can click here to watch a video which describes in detail his response to these kinds of security concerns. If you still have more questions, we can certainly connect you with the team at Mint.com - let us know what you think once you've taken a closer look!

The launch day conversation has ended. Please direct further questions about this Grommet to our Community Experience Team.

 

Mint.com

Free Personal Finance Tool

Save a Mint

You know that moment right after the spending blur of the holidays when you finally sit down at the computer to check out your balances?

What’s in checking? What’s in savings? What’s the damage on each of those credit cards? What did I spend all that money on anyway? And (a particularly frightening question of late) how much is left in that 401K? It’s a long painful process — the financial equivalent of ripping off about 40 Band-Aids.

Well, if you identify with this on any level, you probably need Mint.com. Founder
Aaron Patzer came up with the idea back in 2005 while using Quicken to do his personal budgeting. After several hours he still couldn’t answer two key questions: How much did I spend this month? And on what? (Sound familiar?) He decided he could create something better. Patzer’s award-winning website helps you consolidate all of your accounts into one easily-viewable dashboard (it even offers a handy iPhone app). It gives you a great overview of your money habits (across ALL accounts), tells you where and how you can save, and turns that long, painful process into something regular and refreshing — the financial equivalent of popping a mint.

I gave Mint.com a quick trial (it took less than 10 minutes to set up access to all of my accounts, and it is totally free). First eye-opener: I spent almost $500 on my baby last month. A little crazy, perhaps, but also very good to know. I should spend more time looking for discounts and coupons with baby retailers.

Have you used Mint.com? Do you like the sound of it?
Read More Read Less
Mint.com - Free Personal Finance Tool
No longer available

Grommet Launch Conversation

  • Aaron
    Aaron

    As Jeanne & Jules mentioned, I started Mint.com to take the work out of personal finance. I had been using Quicken & Microsoft Money for years, but putting in way too much work (balancing everything, categorizing, doing too much "accounting") and I wanted something easier. Hence Mint.com.

    If you have your bank & brokerage logins handy, you should be able to get setup in 5-10 minutes. After that, everything is pretty much automatic - you'll get bill reminders, low balance alerts, most of your purchases will automatically be categorized, and you can set the all important budgets if you so choose.

    Aaron Patzer Founder & CEO

  • Lisa
    Lisa
    1/5/2009 12:16 PM

    My husband loves this program. Sure puts it all out there in plain view where your money goes!!

  • marie
    marie
    1/5/2009 12:28 PM

    This financial tool looks great. I'm forwarding it to my husband so we can look at it together. Good find!

  • Katherine
    Katherine
    1/5/2009 12:34 PM

    We trashed our Quicken program when our computer got hacked and we were worried that our financial information was compromised. This may be the solution for still getting those wonderful reporting tools. Thanks!!

  • Jeanne
    Jeanne
    1/5/2009 12:53 PM

    We actually thought this tool could be really helpful for college kids. Seems like a smart way to learn about budgeting and managing your own finances -- especially when you're first starting off.

    My parents sent me off to school telling me to write everything down in my checkbook and balance it monthly ... you can imagine how long that lasted!

    I'm wondering how this goes over with the college crowd ...

  • Anne
    Anne
    1/5/2009 12:54 PM

    Aaron, Our Visa credit card has been hijacked four times in three years. We got caught in the Boston Globe paper wrap thing, in a local restaurant employee scam, and two totally mysterious fraud situations. Could Mint really have made a difference to us in this? I am going a bit crazy over this. Sitting right now waiting for a new Visa card to show up, in fact....

  • barbara
    barbara
    1/5/2009 1:29 PM

    I'm going to send this off to my favorite husband so he can track and see just how cheap I am to have around!

  • Michele
    Michele
    1/5/2009 1:30 PM

    Love this. I'm going to check it out.

  • Robyn B.
    Robyn B.
    1/5/2009 1:43 PM

    Great information! Can't wait to give it a whirl.

  • Gary
    Gary
    1/5/2009 2:36 PM

    I think the logic of this product is compelling but I feel that even though "read only" access to my acounts is provided thrugh Mint, I am concerned that my bank and or credit card company may not be willing to indemnify me if there are any fradulent withdrawals from my accounts effected by some smart hacker getting around the "read only" constraint. Has Mint checked this out with any of the major banks and or credit card companies?

    Thanks, Gary

  • Jeff
    Jeff
    1/5/2009 3:38 PM

    I definitely liked the 2 1/2 minute video by the CEO addressing any security concerns one might have at: http://www.mint.com/privacy/

    After listening to those provisions (though I'm not claiming to be a security expert) they are certainly in line with what we use at work to secure private student data, and to ensure safe transactions of data uploads where we need to meet Department of Homeland Security standards. Also, paired with the normal liability limitations if anyone were to obtain my bank or credit card information, I don't have any concerns about checking out this product. I've been making purchases on line and filing my taxes on-line for several years and I provide much more personally identifiable information in those cases.

    Looks like a great product. Thanks for showcasing it!

  • Aaron B.
    Aaron B.
    1/5/2009 4:02 PM

    My wife and I have been using Mint.com for about 6 months now and I can honestly say that keeping track of our income and expenses has never been easier. The automatic account updates and reminders keep us on top of things without the need for me to spend my time 'reckoning' our paper and electronic documents. The only small gripe I have thus far is that we have to share login credentials because there's no support for attaching multiple 'users' to a single account. Nevertheless, I give it a solid "A."

  • Joanne
    Joanne
    1/5/2009 4:12 PM

    I spend hours every month catergorizing my Visa in excel--just spent 10 minutes on Mint doing the same thing!! Will definately look closer at the other modules of this site! Great Find!

  • Jessica
    Jessica
    1/5/2009 4:22 PM

    I am definitely going to check this out. Thanks for the great tip.

  • Mark
    Mark
    1/5/2009 5:18 PM

    I just signed up. Fast and intuitive. I understand how it is secure as explained on the site. When you consider everything we do online (purchase, bank, trade, etc) I'd suggest that this is low on the risk scale given the precautions taken. More importantly, it's a helpful tool. It automates the otherwise labor intensive functionality you find in other programs like Quicken, and you looks like you only have to spend your time tweaking categories for expenses to get a pretty accurate read of where your $ is going. I'm also an iphone user, so can't wait to download the app. to see how it works. Great find Grommet!

  • Aaron
    Aaron
    1/5/2009 5:40 PM

    @Anne

    Mint.com can actually help keep you safer by identifying fraud, often before your bank or credit card company does. 90% of fraud actually starts offline - not online. Unfortunately, the average American has 11 different financial relationships - to determine if you're a victim you'd have to login to all your credit cards and bank accounts every day.

    Mint.com takes a very different approach. It's an anonymous, read-only service that monitors ALL your accounts daily. If your balance starts to drop, or if it looks like you're spending an unusually high amount on big screen TVs, Mint.com sends you an email or SMS text-message alert. Hundreds of people have written in saying that they discovered something was wrong via Mint alerts before their bank notified them. And the faster you identify fraud or theft, the better off you are.

    Aaron Patzer, Founder & CEO, Mint.com

  • Aaron
    Aaron
    1/5/2009 5:42 PM

    @Gary

    As a consumer, you are protected with $0 liability for credit card fraud under Regulation Z. For deposit accounts with your bank, your liability is limited to $50 under Regulation E if an issue is identified within 48 hours of occurring. Using Mint.com in no way diminishes those legal protections.

    Aaron Patzer, Founder & CEO, Mint.com

  • Anne
    Anne
    1/5/2009 5:59 PM

    Thanks for answering my question Aaron. Now I will take a closer look.

  • emily victorson
    emily victorson
    1/5/2009 8:09 PM

    i love the idea of money files to keep in track!my mom loves the daily gromet and so do my cuzins!but this one has to be the coolest looking one.all i have to say now is go UNCLE JIM BOSS!

  • emily victorson
    emily victorson
    1/5/2009 8:12 PM

    daily gromet rules!!!! keep up the good work uncle jim boss!!!!!!!!! :D

  • Gary
    Gary
    1/5/2009 10:03 PM

    Aaron,

    Thanks for pointing out that the protections under Federal Regulations Z and E are not impaired becausesomeone uses Mint. That information is very important.

    By the way. As a former banker I'm sure that your decision to name your product, Mint, reflects the fact that money is made (printed or coined) in a mint.

    Gary

  • Barb C
    Barb C
    1/6/2009 9:19 AM

    I just read about this site, while sitting in a doctors office and thought it was interesting but forgot about it. Thanks for reviewing this...it brought it front of mind and now I am going to sign up and use it! Great info!

  • Jules
    Jules
    1/6/2009 9:38 AM

    Funny you mention the doctor's office scenario Barb. A lot of people have related how they see great finds in the magazines at their doctor or dentist, but can never follow up on them. Daily Grommet tries to make those great finds immediately accessible. So I was tickled by your story.

  • tom richardson
    tom richardson
    1/6/2009 11:06 AM

    Hi

    Could not find a way to download the product.

  • Jeanne
    Jeanne
    1/6/2009 11:23 AM

    @Tom - When you click the "Learn More" button above, you'll go to the mint.com website. To the right of the graphics In the center of the the front page is an orange link "Sign Up in Under 5 minutes" - click on this, open an account and you should be all set.

  • Harry
    Harry
    1/11/2009 4:37 PM

    @Tom: How do you secure the information you ask us to give you about each of our online accounts? I think this is a great idea, but I always worry about giving my credentials about my accounts out to anyone who may use them correctly, but store them in a system that can be hacked by others.

    What can you tell us about this subject? Is there some place on your website that describes the measures you take to protect our information?

    Thanks,

    Harry

  • Harry
    Harry
    1/11/2009 4:40 PM

    Oops, I meant to send that to @Aaron

  • Jeanne
    Jeanne – Grommet Team
    2/9/2009 7:18 PM

    @Harry - Aaron was available to answer questions online on the day that Daily Grommet originally featured Mint.com, but I'm happy to point you in the right direction. You can click here to watch a video which describes in detail his response to these kinds of security concerns. If you still have more questions, we can certainly connect you with the team at Mint.com - let us know what you think once you've taken a closer look!

The launch day conversation has ended. Please direct further questions about this Grommet to our Community Experience Team.