Given the state of the economy right now, keeping a close eye on your personal finances is becoming more of a necessity than ever before. Mint, the cloud-based personal finance tool that launched in September 2007 has now come out of beta and added a number of handy new features, including an IRA Rollover tool, and the ability to add custom categories to track your spending habits.
Mint’s mission is to become the central hub for your personal finance data, including your credit card data, bank accounts, loans, retirement investments, and stock brokerage accounts. Mint gathers all the information from these accounts and displays them in one central place. This not only means you don’t have to log into numerous accounts to keep an eye on your credit cards and investments, but it also gives you an overview over your spending habits across various accounts that was hard to get before.
To do so, however, you have to give Mint the login data for all your accounts, which raises alarms for some users, especially because Mint is still a relatively new entity in the finance business.
As we pointed our earlier this month, Mint’s users are relatively young, with a median age of 28, but by adding investment accounts and the new IRA calculator, Mint should be able to slowly become more mainstream, especially in these tough economic times. In the future, Mint also plans to allow for bill payment and stock trades through its site, but for now, it is only a data aggregator.
If you would like to read more about our take on personal finance in the cloud and a look at Mint’s competitors, have a look at our comparison of the top 10 personal money management sites on the Internet.
Mint company profile provided by TradeVibes
