Android tablet users can now manage their money and visualize their spending on interactive graphs with the new Mint.com personal finance app. This brings the Mint.com service into the hands of Android tablet users, and transforms their transactions into easy-to-read graphs for a clear picture of their overall spending by category or by date range and a better understanding where their money is going. Mint.com’s mobile portfolio now includes apps for both smartphones and tablets on iOS and Android platforms, providing on-the-go access to its nearly 8 million Web and mobile users. One tap gives users a complete overview of their finances; helps them review account balances and automatically categorizes transactions. They can also enter cash transactions while on the go to more accurately capture spending.
After have been acquired by Intuit 13 months ago, Mint.com online personal finance service is being introduced to our neighbors to the North. This is part of Intuit’s global strategy to meet the needs of small business and consumer customers in markets around the world with Web and mobile offerings, which currently include ventures in India and Sweden. Since being acquired by Intuit, Mint.com has more than doubled its user base to 4.5 million users, and doubled the number of financial institutions it connects to, now 16,000. This will let Canadians access Mint at mint.com/Canada, offering a secure connection to Canadian banking financial institutions in addition to U.S. banks and credit unions. Mint automatically aggregates users’ accounts and transaction information, categorizes spending, delivers detailed views of their financial life, and saves them money by providing money-saving and money-making suggestions specific to Canada. First to implement the service is RateSupermarket.ca, a website that lets users compare and save money on personal finance products such as credit cards is set to supply bank and credit card recommendation data to Canadian users of Mint.com. RateSupermarket.ca’s rate data and network of financial institutions and brokers lets Mint.com personal finance service from Intuit provide personalized money saving recommendations to its users, as well as easy access to all products (CardFlash International Library, 12/1/2010).
Lending Club U.S. peer lending network has been engaged by Mint.com to help consumers get out of credit card debt faster, pay less interest and keep more of their money for what really matters. Lending Club is a strategic partner in Mint.com’s newly launched Goals feature, which helps Mint users get out of debt and save to meet their other life goals. Lending Club offers personal unsecured loans for paying off high-interest debt at rates starting at 7.93 percent APR; which is 53 percent lower than the overall national credit card APR of 16.81 percent* and can translate into thousands in savings over the life of a loan.
With nearly 35% of Americans losing sleep over money matters, more than those worried about career or marriage combined, Mint.com (www.mint.com), a unit of Intuit, has created a free resource center for people looking to tackle their own debt, available at: http://www.mint.com/solutions/debt/. From February 2009 to February 2010, Mint.com users shrank average credit card debt by 14.3 percent, from $5,501 to $4,716 and increased cash savings by 3.2%, for an average liquidity growth across the aggregate group of 18.4%, year-over-year. Those working with the Mint.com budgeting tool saw their cash increase by 11.4%, while those who elected to not budget with Mint.com’s tool have seen their cash decrease by 3.9%. Still 75% of Mint.com users identify paying off debt as a key financial goal, and 84.1% have revolving debt in the form of credit cards.
More than 3 million people now use Mint.com to get a quick, comprehensive view of their banking and financial information, which is expanding to connect with virtually every bank, credit union and credit card account in the United States. Using the aggregation capabilities of Intuit Financial Services, Mint.com now provides transaction information from double the number of accounts, and automatically places it in categories to give people a complete picture of their finances. With this added reach, Mint.com now connects securely and downloads transactions from virtually every U.S .bank with Internet banking capability to connect with more than 16,000 US financial institutions; support more than 17 million individual financial accounts; and add the 20 top-requested financial institutions. Intuit provides business and financial management solutions to financial institutions, including banks and credit unions.
Mint.com has made it easier for users to track their cash spending and monitor pending expenses, addressing a top user request by enabling manual entry of transactions. Users need only enter the amount and merchant, which Mint.com will automatically deduct from their most recent ATM withdrawal, unless they choose otherwise. Mint.com will then apply the spending to the appropriate category and budget. For checks, entering the check number and payee means the expenditure will be automatically reconciled when the amount clears. The new spend tracking feature accounts for tips, gifts, bonuses, owed money, or other income paid in cash or personal checks. Cash, checks and pending transactions will sync directly into a userâs account â tied to current budgets, personalized tags, categorized merchants, and linked accounts.
A new survey finds that total spend across eight key categories
increased an average of 3% per person between Q1 and Q2. Mint.com
analyzed the spending by its million-plus user base and says the uptick
is the first in eighteen months. The study found that “Shopping” and
“Travel” spend are both up 17% while “Entertainment” is up 6%. Spending
on “Food and Dining,” “Travel,”; and “Gifts and Donations” are back
within 10% of 2Q/08 levels. However, “Home”; “Entertainment”;
“Shopping”; and “Bills and Utilities” remain at 10-20% of 2Q/08 levels.
Spending on “Gas and Fuel” is down nearly 40% versus the year ago
quarter. For the first year of the “Index,” Mint.com users consistently
cut spending, reducing quarterly spending by 15% ($2,000) in 1Q/09 from
2Q/08. Mint tracks over $175 billion in transactions and $47 billion in
New research shows that Americans have cut spending by an average of 4%
each quarter between 1Q/08 and 1Q/09. Specifically, consumers have cut
back in shopping by 40%; entertainment by 24%; bills/utilities by 16%;
spending on gifts/donations by 1%; and automotive spending by 24%. Only
food & dining spending increased in Q109 by 2%. The findings come from a
survey conducted by online personal finance service provider, Mint.com,
among its one million users. Mint noted that the most dramatic decrease
is in shopping, where user spending has dropped by more than 40%, which
is significant savings in aggregate, but was accomplished by a steady,
gradual 3-5% cut each month in a discretionary category where that type
of control is possible.
Mint.com online personal finance service has released its application
for the “My Yahoo!” personalized start page. Targeting the 40 million
worldwide monthly visitors to the page, the Mint.com application charts
the user’s spending trends, budget and account status alongside email,
instant messaging, weather, sports scores and news all on one website.
The Yahoo application does not display balances nor charges to protect
privacy (both are accessible through the Mint.com website) and is part
of a series of innovations recently introduced for the 1 million
Mint.com users. Mint.com online personal finance service is tracking
over $50 billion in transactions, $15 billion in assets, has identified
$100 million in potential savings for its users and downloads
transaction data from more than 7,500 bank, credit card and
investment accounts daily.
Personal finance service Mint has welcomed its one millionth user. This
milestone coincides with Mint.com’s participation in
the innovative South by Southwest Interactive conference (SXSW).
Mint.com is the nation’s leading online personal finance service,
providing 1 million users a fresh, easy and intelligent approach to
money management. And it’s free. Mint is tracking over $50 billion in
transactions, $15 billion in assets and has identified more than $100
million in potential savings for its users. Designed to be effortless,
Mint.com takes less than five minutes to set
up. Users register anonymously using only a valid email address. Mint
then does the rest, securely downloading transaction data from more than
7,500 bank, credit card and investment accounts on a daily basis. Users
never need to import or synch their data. Mint applies patent-pending
technology and proprietary algorithms to categorize transactions;
provide a unified view of all account activity; alert users to low
balances, bank fees, upcoming bills, and even potentially suspicious
account activity; and give users personalized suggestions for
significant savings opportunities. Mint is tracking over $50 billion in
transactions, $15 billion in assets
and has already identified more than $100 million in potential savings
for its users. Each user can monitor their total net worth, virtually
real time at www.mint.com, from any mobile phone (by texting shortcode
MyMint ), or by using Mint.com’s iPhone application – rated #1
in the Finance category in iTunes on the day of its launch.
Mint.com money management solution has raised $12 million in Series B
financing, led by Benchmark Capital. Mint.com hosts an Internet-based
consumer financial management application with over 160,000 users, for
who the organization manages nearly $10 billion in transactions. Moreover,
the site provides users with free tools for budgeting, a social spending
comparison feature and support for investment accounts, including brokerage
accounts, mutual funds, IRAs and 529 plans. The product is useful for
demonstrating what the user’s money is spent on and for providing money-
saving tips. Mint.com works with over 5,000 banks, credit cards and
investment accounts on a daily basis to provide its services while
Capital manages over $3 billion in committed venture capital to
in need of financing.
Money management site Mint.com has registered more than 100,000 users since September 2007 and has released the results of its first customer survey that reveals a change in spending habits. Mint.com’s survey shows that 87% of respondents feel they better understand their spending after using Mint, with nearly half of them have changed their spending behavior as a result of what they’ve learned. The most frequent change being eating and drinking at home more often. In the coming months, Mint.com will also add the ability to track investments, student loans and mortgages, giving users an even more complete view of their personal finances.