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Mint, YNAB or Mvelopes for money management?



 
 
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LYSADELL
SparkPoints: (31,652)
Fitness Minutes: (45,505)
Posts: 543
8/13/12 4:50 P

Mint really seems to be very trusted and thanks for the snowball debt calc. luckily i have 2 cc - one is closed and being paid off, the other needs to be paid down! (yes, that means - i have to stop using).

:) Thanks



SPOORK
Posts: 1,193
8/13/12 3:31 P

I use Mint.



YOJULEZ
SparkPoints: (15,605)
Fitness Minutes: (120)
Posts: 2,171
8/13/12 3:14 P

I use mint, I like it because it tracks your spending. I don't get too crazy w/ the categories, but if you wanted to, you could, it's pretty customizable. I also have my own budget spreadsheet that I keep on google docs.

For debt repayment, I found this site to be really helpful: http://www.whatsthecost.com/snowball.aspx

Basically you put in your debts one by one, their interest rate, and the minimum payment. Then you put in how much money per month you have to pay TOTAL towards debt. It then works out a plan for you to either pay off the debt w/ the lowest balances first, or the debts w/ the highest interest rates. Their theory (similar to the one Dave Ramsey uses I think) is you use most of your money to pay off one bill at a time, while paying the minimums on the others. Then, once that's paid off, you take what you were paying on that, and add it to the minimum of the next one, and pay that until the 2nd one is paid off, etc etc.



FIRECOM
SparkPoints: (107,673)
Fitness Minutes: (11,796)
Posts: 5,855
8/13/12 11:37 A

I might try Mint. that being said, I have put together a detailed, multisheet program in Excel. In there I have an overall annual budget broken down into many categories where I can track each months activity, keeping a running balance on the go.I have another sheet for just credit cards, another for Rx and OTCnexpenses and a fourty just for tracking medical co-pays to drs and suppliers. works real well for me. I have it so it ties into my bank info as well.



LYSADELL
SparkPoints: (31,652)
Fitness Minutes: (45,505)
Posts: 543
8/13/12 11:25 A

Thanks! I will look into Mint! Does it also help you pay off debt or schedule how to do it quicker?



REY_WOWW
SparkPoints: (1,673)
Fitness Minutes: (415)
Posts: 48
8/12/12 9:22 P

Love working with Mint. I have an app right on my phone and it alerts me when budgets are close or over. Keeping me in check.



DRAGONCHILDE
SparkPoints: (56,714)
Fitness Minutes: (14,252)
Posts: 9,619
8/12/12 9:17 P

I use Mint. It doesn't share your personal data with anyone. I believe what it means by "community based" is that they have a community where you can ask questions. It's an Intuit product, the same people who do quicken.

I really like the features, and it does a better job of pulling data from your companies/banks than Quicken itself does. I've used it for years!



LUANN_IN_PA
Posts: 16,014
8/12/12 8:42 P

No idea... I don't have a smartphone.



LYSADELL
SparkPoints: (31,652)
Fitness Minutes: (45,505)
Posts: 543
8/12/12 7:12 P

Does quicken have an app for android?



LYSADELL
SparkPoints: (31,652)
Fitness Minutes: (45,505)
Posts: 543
8/12/12 7:11 P

I can't see the sparksavings on my phone, I do have my info entered but i'm not always at a computer. I do like sparksavings! :)



LUANN_IN_PA
Posts: 16,014
8/12/12 7:09 P

"What's your choice?"

None of the above.
I use, and love, Quicken.



MAESMOM100
SparkPoints: (4,397)
Fitness Minutes: (2,535)
Posts: 236
8/12/12 7:08 P

You could try www.sparksavings.com



LYSADELL
SparkPoints: (31,652)
Fitness Minutes: (45,505)
Posts: 543
8/12/12 6:52 P

Hi!

I'm looking into online money management also that i can use on my phone. All of the above have apps.

What is the best (in your opinion) and MOST SECURE that will help me on my quest of saving money as well as managing my finances?

YNAB (you need a budget) is a good program but you have to pay for the software and the one thing I really do like is that you can download your bank info, it's not out there - but you also have to pay for the app.

Mint.com is free but community based (?) I'm not sure I follow, I'd rather be private.

Mvelopes is free and if you want to upgrade, $95. a year for debt management - not a bad deal and free app.

What's your choice?
Thanks!



 
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