Introduction:
Mint, a long-time favorite among money management apps, is set to shutter on January 1, 2024. While users will be directed to Credit Karma, there are various other free personal finance apps available that offer similar functionalities. This presents an opportunity to explore new options and discover features that may better align with your financial needs. In this post, we’ll introduce you to five alternatives to Mint, each catering to different aspects of personal finance.
- SoFi Insights for Expense Tracking:
If you appreciated Mint’s ability to track your expenses, SoFi Insights is a noteworthy alternative. This online budget planner and money tracker allow you to link all your bank accounts, offering a comprehensive overview of your spending habits. SoFi Insights helps identify areas of inefficiency and overspending, allowing you to take control of your finances. Additionally, users gain access to a free 30-minute phone session with one of SoFi’s in-house financial planners.
- Debt Payoff Planner for Managing Debt:
For users who utilized Mint to track and manage their debt, Debt Payoff Planner is a valuable alternative. The app, available in both free and subscription-based versions, provides a holistic view of all your creditors. It guides you through popular debt repayment methods like the snowball and avalanche techniques, helping you create a personalized plan to pay off debts efficiently. The app also allows you to simulate the impact of extra or larger payments.
- Goodbudget for Budget Creation:
While Mint assisted in budget development, Goodbudget takes it a step further by embracing the classic envelope system. This app enables you to allocate specific amounts of money to different spending categories. You can customize your budget based on past financial habits or plan for different income streams. Goodbudget’s flexibility allows easy adjustments for upcoming events or holidays, and you can sync and share budgets with your partner for better financial coordination.
- Webull for Saving and Investing:
For users who enjoyed Mint’s portfolio tracking features for saving and investing, Webull is a suitable alternative. This free app not only tracks investments but also offers tools for researching, screening, and trading securities like stocks, ETFs, and options. With no minimum account size and commission-free trading, Webull is user-friendly and allows immediate entry into the world of investing.
- Zogo Finance for Financial Education:
While Mint focused on money habits, Zogo Finance takes a different approach by offering a free app dedicated to financial education. Developed for young adults but beneficial for anyone, Zogo provides numerous modules on various financial topics, rewarding users for completing classes with gift cards to popular retailers. This app ensures you not only manage your money but also understand the fundamental principles of personal finance.
Conclusion:
While Mint may have been a beloved app, the world of personal finance apps is vast and varied. These alternatives cater to different aspects of financial management, from expense tracking and debt management to budget creation, saving, investing, and financial education. Downloading and trying out a few of these apps can help you find the one that best aligns with your financial goals and preferences. Embrace the change, explore new possibilities, and take control of your financial future with these free and feature-rich alternatives.