No Mint.com did NOT pay me to write this. When you provide an amazingly useful product for FREE people will write and rave about you.
I heard about Mint.com in 2013 as a junior in college. I vaguely remember creating an account and feeling weird about giving them my debit card information. But I did it. Then never looked at it again.
Fast forward to February 2016. I was a broke college graduate whose student loans had just kicked in. I was four months into my first REAL job. I had a good salary, but had no idea where it was going. I heard about budgets and remembered Mint.com had a budget functionality. Who knew I was going to find the holy grail of everything that is wrong with me financially on that website.
Over the past two years Mint.com, had been tracking my every purchase with my debit card and categorizing them. It was to my horror that I had spent $3500 in the past few months on food. THAT was where my money was going. I was also in a foolish long distance relationship with an on-again-off-again boyfriend that had me flying across the country roundtrip every month. The numbers don’t lie; seeing how reckless I was spending brought me shame.
In order to start a budget, which I will get to in my next post, you need to know how much you bring home every month. I knew my salary, but I had no idea what my take-home pay each month was. Mint.com knew.
To make a budget, you also need to know how much you spend each month on groceries and gas. I had no clue. Mint.com knew.
Without Mint.com I would never have had the foundation I needed to actually start budgeting, saving, and paying off debt. It would have required going through bank statements and doing Excel spreadsheets. Ain’t nobody got time for that.
I suggest that before you even start thinking about creating a budget, you connect your Mint.com to your bank account and let it run in the background for a whole month. This is valuable information for you, and can save you from getting caught with too much month at the end of your money when you DO start your budget.
Oh, and its FREE!