When it comes to personal budgeting, we often get too wrapped up in the in- and outflows of our spending account and forget about all the other parts of our financial lives. Mint shifts the focus back to the big picture.
The popular free personal finance service tracks your bank and credit card accounts, loans and mortgages, investments, and property (home and cars) to give you a better idea of your net worth. You don’t have to link to all your accounts, particularly if you just want to get a handle on your day-to-day spending, but the more information you provide, you more accurate a financial profile you’ll have to work with.
When you connect your various accounts, Mint pulls several months of data so you get an immediate brief on your income trends and spending habits. Mint automatically assigns each transaction to a category—accurately for the most part, but you can manually correct any errors. Armed with this data, you can start creating a budget.
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