It is 2009, and while for many people the best way to keep a household budget is a good ole fashioned pen and paper, others are looking for a more modern way to ensure that they don’t overspend. One such resource is Mint.com. Mint is quick and easy to set up and keeps your current credit card, checking account, and investment balance up-to-date automatically so there is no real bookkeeping required. It lets you see where you are spending your money, and set goals for areas to cut back.
And when you add your credit cards to your Mint account, it will show your APR and what you are paying in interest and fees. It will also suggest other credit cards with lower rates or rewards programs and estimate how much money you’d save with a new card.
Mint didn’t allow me to upload past years’ data into their software, so I couldn’t compare my current spending to the past. But other than that it seems like a good resource.
Note: While you should always be extremely careful when giving personal financial information on the internet, Mint has numerous safeguards in place to prevent data loss and theft.
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Mint.com is great. They just added a section to add assets like home and cars–making you “net worth” number more comforting!
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