Why Do People Think Mint is Bad For Budgeting

One of the well known online budget and expense tracking app is Mint which allows you to track your money transactions from home without any trouble. Mint was formally introduced in September 2007. In November 2009, Intuit purchased Mint for $170 million. At the time, Mint had more than 1 million clients and was including a couple of thousand new clients consistently. After four years, Mint has more than 10 million clients. It can be used for checking your financial statements, savings, credit card bills, monthly and yearly incomes, future goals involving money, and funding for trips and hotel bookings.

Advantages of using Mint.com

  • As this is budgeting software, it notifies you every time you are due to pay a bill or payment which ensures you don’t end up being penalized for paying fees lately.
  • It helps to guide you in making the perfect financial statement for you bringing out every scope for you to spend and save as well.
  • You can keep a look on your daily expense and if you have a future goal of buying something, you can reduce your current spending according to it.
  • It is easily portable and you can track your money records through phone, tablet, laptops etc. So even if you are on a tour, you can track your transactions.
  • It keeps a track on your credit bills, home bills, savings etc for you.

Disadvantages of using Mint.com

Although the Mint.com has some great advantages but there are some disadvantages too which is making people lose trust over the app and ending up calling it bad software for budgeting.

  • There is not guaranteed security in this online software. com could get hacked and the cyber hackers can get hold of all your financial information. The only thing the hacker needs to do is get your password and to be honest, it is not that hard to get.
  • People don’t feel the necessity of an online finance tracker and they are good on their own.
  • They are more loyal users of other online budgeting sites like Quicken or YNAB.
  • There is sometimes a necessity of keeping a manual transaction record. Mint does everything through automated calculators but it sure has some flaws now and then causing you to lose track of your real money matters.
  • The site is full of advertisements of their credit cards and software. You would end up getting lost in them and being unable to put any digit in peacefully.

These are the basic reasons causing Mint to lose customers even though they provide quality service. If these issues are fixed soon they will be able to gain back their popularity as an online budgeting site.

Tips for Young Married Couples When Buying a House

Young married couples have already started a new life and they are excited about settling down and having a family. Buying a house is the biggest dream of any young couple because they will always need a place they can call home. However, when they actually get down to buying a home, they find it an extremely challenging and stressful task. They have to take care of several things like credit score, eligibility criteria, down payments, taxation and on top of that go in search of a property that suits their budget and needs.

Buying a home can be a daunting task because it is a major decision that a young couple takes after getting married and both need to be on the same page to ensure an appropriate choice. Here are some quick tips that will make their task less-challenging and fun:

  • Check your credit score: Credit score plays a vital role in deciding whether you are eligible for a housing loan or not. Banks follow a very strict procedure when it comes to approving loans and the first thing they consider while making a decision is your credit score. You can’t expect to get a housing loan if your credit score is in shambles. Thus, You will have to check your credit report for unpaid accounts or collection accounts or mistakes and rectify anything that can adversely affect your credit score. If you have a damaged credit score then you will have to invest some money and time to get it rectified.
  • Check the property before applying for a loan: Your new house will be your only place for the rest of your life, so be very careful in choosing one. Young couples often tend to disagree on several things but when it’s their house, they need to be on the same page. Finalize a property when you both find it appealing.
  • Get the Documents right: You will need to furnish several documents to the bank before they approve your loans, so you will have to be ready with those when the time comes. You will be asked to provide your bank statements. Pay slips, tax documents etc.
  • You’re in it for love: In all the hustle-bustle of buying a house, you may often forget that your house is the symbol of your love. Do not lose faith on each other because of petty differences. Keep in mind – you’re in it for love.

Love Birds Love Saving

Valentine’s Day is right around the corner. It is not just the perfect opportunity by sweet candy and delicious chocolate for your loved one, it is also another chance to spend some money!  But here is the good news; you do not have to break the bank to show your significant other how much you care.  Give this list a good once over and you will walk away with some sweet ideas.

1. Be Crafty

Homemade gifts can mean so much more than something store bought, so be creative and get crafty!  Try using a free photo editing site to do something cool with a picture of the two of you. Make a coupon book of sweet and/or romantic requests.   So have fun with this one! Check out Pinterest for some other awesome ideas.

2. Bake Away!

I do not care who you are, cookies, brownies, cake, or any other sugary treat always hits the spot.  Break out a new recipe or an old favorite and bake up some love for your love.  Someone mind passing this tip on to my boyfriend?

3. Everyone Loves a Good Movie

You and your love bird have probably seen at least 3 movies together since becoming an item.  Renting a movie on Red Box or through Netflix is inexpensive and a great way to just spend some time together.  You will make popcorn, hot chocolate, and some great memories.

4. A Walk Down Memory Lane

This tip is definitely more for the couples who have been together for at least a couple months.  Take your significant other on a walk through your relationship. Go to the place you first met, then your first date, then to the last place you were together.  You do not have to buy anything, just talk about the good memories you have from those places. You will laugh, maybe even cry, but you will definitely make some good memories.

So happy early Valentine’s Day to all the loves birds out there and give these tips, one or more, a try. Let me know how it goes!

I Love It Not…

Valentine’s Day, for some, is fondly referred to as Single’s Awareness Day. So what do all singles people do on Valentine’s Day? Well, they can wallow in self-pity or bitterness, or they can do something that shows how much they care about themselves.  What is even better is that it can be inexpensive too.

1. Polish Party.

Get a few of your single girlfriends together, bring all the nail polish you have, and take turns giving each other mani’s and pedi’s while bad mouthing all the boys who have done you wrong and what celebrity got arrested the night before.  You will not only get some polish powered confidence, but some much needed girl time therapy.  What will this cost you? Nothing, unless you need to pick up some new polish!

2. Bubble Bath… That’s Right.

Stop by your local bath and body shop and pick up some bubble bath in your favorite scent.  Nothing says relaxation more than a bubble bath.  Now light some candles, grab a book, or just turn on some soothing music and take some time for yourself.  The max this one will cost you?  $15. Try it out, you will not regret it.

3. Need a Good Cry?

Pop in Dirty Dancing or Marley and Me and enjoy some of what I so fondly refer to as movie medication.  Get your favorite drink and snack ready. Put on those pajama pants that fit just right and those fuzzy socks that you love so much and over medicate yourself to your single heart’s content.  Using Red Box?  This one will cost you a max of $5 for the movie and $20 for your drink and snacks.  Indulge a bit.

4. Go Home!

If you are a college student like me and going home is a rare luxury, plan ahead and make the trek back home.  Be around people who truly love you, aka, your parents!  If your parents are like mine, they will smother you in hugs, candy, and free food (something every college student loves.)

 

Valentine’s Day does not have to be Single’s Awareness Day.  Make Valentine’s Day about you, and tell Single’s Awareness Day where to shove it.