The Jesse Mecham Show

BONUS: Goodbye Mint, Hello YNAB

Nov 3, 2023

Intuit will shut down Mint, prompting users to look for alternatives. YNAB is recommended for its focus on changing spending behavior and future planning. YNAB prevents financial problems, while Mint tracks past transactions. YNAB prioritizes customer satisfaction, data privacy, and empowering users.

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Quick takeaways

YNAB focuses on helping users change their spending behavior and thinking, rather than just tracking expenses and producing graphs like Mint.

YNAB encourages proactive financial planning and solving problems before they happen, unlike Mint which is more focused on analyzing past transactions.

Deep dives

Intuit shutting down Mint and transitioning users to Credit Karma

Intuit recently announced the discontinuation of Mint, a popular personal finance application, and the transition of its users to Credit Karma. Mint, which was acquired by Intuit in 2009, provided users with financial tracking and reporting features. The move by Intuit aims to leverage Credit Karma's capabilities and market reach to enhance their services. Mint users who prefer a more retrospective approach to financial management may need to explore alternative applications. However, for those seeking a more forward-looking and behavior-changing financial tool, YNAB offers an appealing option.

Introduction

2min

Exploring YNAB as an Alternative to Mint

2min

Exploring the Differences Between YNAB and Mint

4min

Breaking news! On November 2, 2023 Intuit announced that it would be shutting down Mint, a popular personal finance app it acquired back in 2009. In January 2024, millions of users will be left looking for a replacement budgeting app. Intuit is directing users to its Credit Karma service, but it's unclear yet whether it will offer the budgeting and expense tracking features Mint was known for.

YNAB, however, still remains! Jesse points out that YNAB may not be the right solution for every Mint user -- after all, YNAB aims to help you change your behavior and thinking around spending, not just track your expenses and produce pretty graphs. As Jesse puts it, YNAB is like the movie Minority Report, where robots can predict the future and prevent crime before it happens. Mint, on the other hand, is like an episode of CSI, where there's a dead body, and everyone is trying to figure out why it happened. Mint is good at tracking expenses and telling you what happened in the past, but it leaves it up to you to determine why those things happened and how to prevent problems in the future. YNAB encourages you to create a plan for your dollars and anticipate future expenses, so that you can solve financial problems before they happen. And, because life is complex and ever-evolving, YNAB helps you roll with the punches and adjust your plan as you go. Oh, and YNAB won't try to sell you on credit cards, pay as you go plans, or other debt either.

So if you have left Mint and are looking for a new, more powerful approach to your personal finance goals, consider YNAB!

Got a question for Jesse? Send him an email:

askjesse@ynab.com

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