Sunday, October 5, 2008

Money management tools

The other day, a friend of mine mentioned that she uses the free money-management tools at Mint.com. Since I don't use any type of software to manage my finances -- I have my own Nicole-esque system -- I figured I'd check it out.

Mint.com bills itself as "free personal finance software" and seems to be highly regarded by PC Magazine, PC World and the Wall Street Journal.

But I'm a bit reluctant to surrender almost all of my financial information to one website, even if it's offering a ton of budgeting tools and even "24/7 financial protection," where you're notified if anything seems amiss with your accounts. I'm not shy about paying my bills through my bank's (Wachovia? Citibank? Wells Fargo?) website, but this seems like a big step.

Perhaps it's helpful for those who need some financial guidance, but I don't know if it's for me.

Does anyone else use Mint.com or another similar money-management site?

1 comments:

FroOchie said...

As a web app its a really neat tool...

For me as a former computer tech, I wouldnt trust it on my machines. Its free software and with free software comes advertisers buying what we don't see. Mint.com gets a kick back when you follow the suggestions they make like switching one Credit Card to another so these advertisers pine for Mint's business of recommendations. In doing so, computers inevitably have to download bundled softwares that are spy or ad based. Who needs more bugs when I can just use common sense when balancing.