Need a Replacement for Mint? Try MMCCU’s Personal Finance Manager
Mint, a widely-used personal finance app, is set to bid adieu on January 1, 2024. The closure has left millions of users in search of a replacement that aligns with their financial management needs. Marshfield Medical Center Credit Union (MMCCU) members can find a great replacement with the Personal Finance Manager, offered through the new online banking that launched in summer 2023.
What’s Happening to Mint?
As the closure of Mint looms, users are scrambling to secure a new platform for managing their finances. Intuit’s decision to discontinue Mint is part of their effort to reimagine it within Credit Karma, another Intuit-owned entity. While certain features will transition to the new Credit Karma app, functionalities such as setting monthly budgets and customized categories might not be retained. This leaves Mint users in search of alternatives that can replicate or surpass their familiar experience.
Mint users have a window to prepare for the impending shutdown. Intuit promises ample time for users to export their data and explore alternative budgeting tools. To ensure a smooth transition, users are advised to gather their financial information from Mint and make note of the features they utilize the most.
Replace Mint with MMCCU’s Personal Finance Manager:
MMCCU’s Personal Finance Manager offers a suite of features designed to simplify financial management and empower users to make informed decisions. Users enrolled in MMCCU’s online banking gain access to the new PFM. With tools for expense tracking, budgeting, account aggregation, bill management, goal setting, investment tracking, reporting, and mobile access, this free service becomes a comprehensive alternative for members who are former Mint users.
Here are some features found in the personal finance manager software:
- Expense Tracking: These tools allow you to record and categorize your expenses automatically or manually, helping you understand where your money is being spent.
- Budgeting: You can set up budgets for different categories or spending areas and track your progress in real-time. The software can provide alerts and notifications when you exceed your budget limits.
- Account Aggregation: Personal finance manager software often allows you to link your bank accounts, credit cards, and other financial accounts to consolidate all your financial information in one place. This feature automates the process of fetching and categorizing transactions.
- Bill Management: You can track and manage your bills, set reminders for due dates, and receive notifications to avoid missing payments or incurring late fees.
- Goal Setting: These tools enable you to set financial goals, such as saving for a vacation, buying a house, or paying off debts. They provide visual representations of your progress and suggest strategies to achieve your goals.
- Investment Tracking: If you have investment accounts, personal finance manager software can help you track your portfolio performance, view market data, and analyze investment strategies.
- Reporting and Analysis: These tools generate various reports and charts to give you a comprehensive view of your financial situation. You can analyze spending patterns, income sources, savings rate, net worth, and other key financial metrics.
- Mobile Apps and Synchronization: Many personal finance manager softwares (like MMCCU’s) offer mobile apps that allow you to access and manage your financial data on the go. They often sync data across multiple devices, ensuring your information is up to date.
As Mint draws its curtains, MMCCU’s Personal Finance Manager offers a seamless shift for members. Have questions about the new online banking? Reach out today!
