https://dyernews.com/mint-app-review/ Can Mint really help you manage your funds? With these three functions, it certainly can.
I’m sure many of you have it too. I have heard about Mint for several years. In fact, I conducted a preliminary review of the app a year ago, and even included it in my top 5 list of personal finance apps in 2018. That’s why I was surprised that I didn’t actually conduct an independent video review of Mint on this channel.
Well, let’s start correcting it now and take a look at three ways this popular personal finance application can help you manage your funds.
Mint ’s first major way to help you finance is to help you set a budget and let you easily monitor your spending
Essentially, Mint is a budget app designed to help people track their expenses and see where they can be reduced. Although I think it is far more than that, it is still the starting function of the tool, and its location is really shining.
In addition to providing several different categories that you can use to plan your budget, Mint also makes it easy to create custom expense categories. From there, Mint will automatically categorize the transactions found in the associated account, allowing you to view the transactions in each category-however, sometimes you may need to edit certain transactions to ensure that they are displayed where you want them go with.
Finally, you can choose to enable alerts, and when you reach the limit, you will be notified that the expenditure is above average and there are more. These and other tools provided by Mint will help you better understand your expenses and adhere to your budget.
Another convenient feature is Mint ’s bill reminder reminder, which helps you make sure you do n’t miss any payment.
In the past, Mint actually allowed users to pay certain bills through the app. Although this particular feature has disappeared, you can still set up alerts to remind you that payments are due.
To create these alerts, you have two different options. The first is to connect to your billing account. Supported companies include Comcast, Verizon, multiple credit card issuers, and even local utility companies. Connecting your account will allow Mint to automatically update your bill total and due date.
However, if you do n’t want to connect to your account or do n’t see the services listed, you can also set a manual due date reminder at any time. This strategy also applies to offline bills that you need to pay, such as rent. Whichever method you choose, setting up these reminders can help ensure that you do n’t miss any payments and can even save you some late fees.
Finally, one of my favorite aspects of Mint is being able to view all my accounts in one place and easily calculate my net worth.
Sometimes, the most basic functions are also the most useful. This must be the case in Mint ’s “Account” section, which displays all your account balances in one place. This is not online and includes savings, checking and retirement accounts, but it also allows you to add the value of property to calculate your net worth.
Personally, the reason I appreciate this feature is because it reduces the pressure on me to deposit in multiple different accounts. Although transferring money from my main check to a high-yield savings account is a wise move, it’s hard not to feel that I donated the money somehow. Therefore, being able to see these funds in the remaining savings will reduce this feeling and encourage me to make better financial moves overall.
For more financial product reviews, please make sure to visit https://dyernews.com/category/reviews/money-management-reviews/
And all my personal finance app reviews https://www.youtube.com/playlist?list=PLFfM5Lf816alBbvzGubm4OJskddfxTtCZ