The other week, I was talking story with Alan Akina, the founder and president of 101 Financial, and he mentioned a great website called mint.com that claims to have helped over four million users get their finances in order – free of charge.
According to the site, “Mint brings all your financial accounts (checking, savings, investments, retirement) together online, automatically categorizes your transactions, lets you set budgets and helps you achieve your savings goals.”
Signup is less than five minutes and there are even free mobile apps that allow you to track your money using your smart phone. Users can set a budget and create a plan to reach their financial goals, and then track their progress online or stay up-to-date with monthly emails.
Mint says the information you provide is secure because its uses the same security that banks use. Plus, since Mint is read-only, no money can actually be moved in or out of any account.
Mint.com was PC magazine’s Editor’s Choice, has won awards from Kiplinger’s and has received nods from CNN Money.