Quicken vs Mint – These two major personal finance tools have been competing for years! I’m breaking down the difference between Quicken and Mint. You’ll also learn if Quicken is worth the price Or if you just have to stick with mint.
When it comes to managing your money, there are many personal finance tools that can help you track your expenses, write a budget, and check on your investments — all in one place. Many people face the same problem: Acceleration vs Mint:Who should you choose?
I know I know. Choosing a personal finance software or app isn’t the most important thing arousing nothing in the world. But finding a program or app that works for you can change the way you look at your money.
It wasn’t until we chose the program that worked for us that we actually knew where our money was going! Before we started tracking our expenses with a financial tool, I couldn’t tell you how much money we spent on each category in our budget.
But over time, our family was able to find a financial tool (read on to find out if it’s Quicken or Mint!) that helped us know our finances inside and out. Once we learned more about our spending habits, we were able to make serious progress on our financial goals!
Today, I’m breaking down the difference between Quicken and Mint. We hope this helps you decide which financial instrument is best for you.
Quicken has been around since 1984. The good news is that this long track record has given them a chance to learn what users really want from personal finance software.
For more than 30 years, Quicken has helped people keep their finances organized and in one place. They have learned over time exactly what users look for to stay in touch with their money.
Quicken allows you to link all your accounts in one place. You’ll be able to track your expenses, manage your bills, write a budget, and more.
Since Quicken is a software program, you will need to download it to your computer. It will also need to be updated every now and then. There is an online component to Quicken which makes it mobile-friendly.
Mint was the front runner for Years In the personal finance app space. That means they had long Time to determine what users want.
This free app and website allows its users to link their accounts in one place. Mint will connect to almost every bank in the US allowing you to see practically any account you have with the click of a button.
Mint automatically updates with your accounts so you have a clear picture of how much money is in all of your accounts at once.
Since Mint is free, expect to see ads in your app and online. They also make money when a user signs up for a sponsored service, such as a credit card or checking account.
Quicken features
He has acceleration a lot Features to help keep your personal finances organized. In fact, they have so many options that it can be a bit overwhelming.
But here’s the good news: you don’t Owns To use everything Quicken has to offer. Even if you only use half of what this program offers, you’ll have good control over your money and where it goes. It’s time to decide if Quicken is worth it!
Quicken allows you to do the following:
- Track your income and expenses. This is undoubtedly the most popular feature in Quicken. Quicken will automatically categorize your expenses so you know how much money you’re spending on each category in your budget. All you have to do is set up your categories in advance and Quicken will do the rest of the work for you!
- Track your expenses manually. If you don’t want to link your account to Quicken, you don’t have to. Alternatively, you can manually add your transactions to the software.
- Budgeting. Easily set an annual budget and track your progress each month. This is ideal if you want Quicken to easily pull your expenses into your budget.
- View and manage your invoices. You’ll never miss another bill! Get alerts and see bills before they are due.
- Track your investments. Quicken allows you to keep track of your investments in one place. You will be able to review your portfolio and monitor your investments through Quicken.
Features of mint
Mint helps over 20 million users better understand their money. Since Mint is free, it has more limitations than Quicken. For example, you can’t export a CSV file of your transactions to upload to Excel. It also lacks a running record as it relies on banks to clear any outstanding charges. So you won’t necessarily have to TRUE Picture your money.
Mint allows you to:
- Track your income and expenses. Mint will automatically connect to your account and track the money you spend. It will also automatically categorize your spending, but it’s not a perfect science. You’ll likely have to manually change some categories for your expenses.
- Track your monthly bills. Mint lets you see all your monthly bills in one place. We hope you never pay another late fee!
- Create a budget. Fortunately, Mint will let you see how much you spend on average on certain categories. This makes writing and budgeting a little easier.
- Know your credit score. Mint lets you check your credit score for free. They will also give you a free credit report so you have a clear picture of your score.
Budget: Mint vs Mint Rush
Quick: Within Quicken, you have the choice between creating a 1-month or 12-month budget (or both!). The 12-month budget will automatically add your income and recurring expenses to your budget. This means less work for you.
The good news is that you can update or change your budget at any time. This is the He should Because everyone knows that your budget probably won’t go as planned. that’s good! Quicken makes it easy to adjust your budget on the go.
Mint: First, Mint will suggest a budget that you should follow. They will calculate the average amount you spend in each category and give you an idea of how much you should budget. Then, you can always go in and make changes to your budget to fit your specific needs.
Expense Tracking: Mint vs Mint Rush
QuickQuicken allows you to easily track every expense or purchase you make. You can either have Quicken automatically categorize your expenses or you can manually categorize each account.
What I personally love is that you can split a single transaction into multiple categories! So if I want to withdraw money for me Cash envelopesI can easily split a transaction into different categories within Quicken.
Mint: Since Mint automatically connects to your bank account, it will only be updated after your pending transactions have finished. This means that you will be at the mercy of time to know exactly how much money is left in your account.
So, if you go on a shopping spree over the weekend, you may not know how much money In reality in your account until all transactions are settled on Monday.
Investments: Mint vs Mint Rush
Quick: In the first version of Quicken, you can easily link and monitor all your investment accounts in one place. You’ll also be able to easily evaluate your investments as well as see how your returns compare to market averages.
Mint: Within Mint, you’ll be able to see all of your investment accounts in one place. This allows you to track your investments quickly and easily.
Account Sync: Mint vs. Mint speed up
Quick: You can choose to sync all your accounts with Quicken for easy access. If you prefer more control, you can always enter your expenses manually as well.
Mint: Mint automatically connects to all your accounts every 24 hours. You can also manually “refresh” your accounts which tells Mint to verify each account at that moment.
Mobile and Desktop Access: Acceleration vs. Mint Desktop Access
Quick: Since Quicken is a software program, it works best when used on a PC or Mac. If you link your accounts to Quicken, you can also use the web version. I wish Quicken had an app? Don’t worry! Quicken recently launched an app called Simplify with Quicken.
Mint: Mint may be the #1 personal finance app of all time. They’ve made it more user-friendly over the years as well. If you prefer to use a computer, Mint has you covered. You can also log into Mint online. This allows you to control your finances practically from anywhere.
Pricing: Acceleration vs. Mint
Quick: The creators of Quicken know that not everyone wants an intense, in-depth view of their money. That’s why they’ve created three options for users to choose from: Starter, Deluxe, and Premier. If you want to use Quicken to track your expenses and create a budget, the Starter edition is perfect for you.
If you want to use Quicken to help you track your investments in depth, the Premium version will be your new best friend. Quicken’s ad-free experience (and the value it offers) comes at a price. You’ll be looking at spending between $39.99 to $74.99 per year depending on which version you choose.
Mint: Right now, Mint is 100% free. Expect to see ads within your app. They also make money when their users sign up for sponsored products like loans and credit cards.
Quicken vs. Mint: Which is better?
Overall, I’m a big believer in Quicken. Does it cost more? Yes, but that’s it completely Deserves all the effort! Not only does Quicken have no ads, but it’s incredibly easy to use. After just a few short sessions, you’ll be sure to understand how Quicken works.
Overall, Quicken allows you to categorize your expenses and get to know your spending in more depth Mint. For our family, it is Deserves all the effort Extra money for a system that is very easy to use and not cluttered with ads!
Bottom line
Whether you choose to use Quicken to track your money or not, the goal is to find a system that works for you. As long as it exists something To help you take back control of your money and become more conscious of your spending, you should be proud!
Just remember that whatever financial instrument you choose – whether it’s Quicken, Mint or something else – try it out for a few months to see if it works for you and your family!
