ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Why I Don't Like the Mint.com Personal Finance Website

Updated on July 6, 2011

I had heard wonderful things about Mint.com, a personal finance site, for months before finally deciding to give it a try about a year ago. I spent a good chunk of the morning getting everything set up and started. It didn't take long for me to dislike Mint.com, but I continued to try it for several months afterwards. I still don't like it and here is why.

I am always very hesitant to give out our personal information to companies. While Mint.com is a secure site, there are plenty of other secure sites that have been hacked into and had information stolen over the past few months. Anytime a site has your information you are at risk of it getting into the wrong hands. Mint.com wants ALL your information. You are asked to input all of your account information for every checking, savings, money market or other account you have. They also want all the information on your debts as well - house payments, car payments, credit cards, etc.

Mint.com is designed to allow you to manage all aspects of your personal finances in one location, so I see how they need all of your information in order to do this. In some regards it should make managing your money easier because Mint.com automatically updates all of these accounts with every transaction you do. The problem I have with this, is that every time I log in it tells me that there is an error in at least one of my accounts and I have to go through all sorts of hoops to fix it. I have to log into the broken account through Mint.com, answer all sorts of security questions and then wait for Mint.com to fix the error. This takes a lot more time than it should and frequently they aren't able to fix the broken link. So while they have access to all of my information they are not able to pull it as they should.

I also have found that it doesn't categorize my transactions correctly and in order for me to get an accurate picture of the areas I spend money on I have to go in manually and change most of them. Combine that with the fact that I use cash only for most discretionary purchases and this entire feature is not very helpful to me.

One feature that some people might like is that it shows you your net worth. It is one of the first things you see when you log in. But because it has all of your information then the chances are good that you are like me and have a negative net worth. While we don't really have any debt other than our mortgage it shows we have a negative net worth of over $170,000. I find this very depressing and would feel a lot more positive about our finances if they highlighted something else. Some people might find it motivational, but to me it is discouraging.

Maybe I am old fashioned, but I like having a notebook that I write in with a pen or pencil and keep track of everything myself. I had really wanted to like Mint.com and was excited about the possibilities for tracking my money better. Unfortunately it quickly became a hassle that wasn't worth it. Maybe it is just me and other people don't have these problems, but they are too much for me to overcome.

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      G$$$$ 

      5 years ago

      Most broke people do not like Mint. I use it for Budjeting. and monitoring net worth.

    • travel_man1971 profile image

      Ireno Alcala 

      5 years ago from Bicol, Philippines

      Maybe, I should give it a try. :) Thanks for this review . :)

    • profile image

      Rick 

      6 years ago

      Well Miss Jennifer if you enter your house as an asset, mint will find the estimated value of the property, and your mortgage debt is balanced against the value of your home. Unless you are upside down! Balance your car loans against the car values too.

    • HealthyHanna profile image

      HealthyHanna 

      7 years ago from Utah

      Thank you for your truthful review. This is what I need. I don't have the time to try everything out myself, and I too am scheptical about putting out my personal information and then I getting thinking I am just being silly because "everybody is doing it".

    • Hello, hello, profile image

      Hello, hello, 

      7 years ago from London, UK

      Thank you for your comprehensive and helpful hub.

    • LifeMeansChange profile image

      LifeMeansChange 

      7 years ago from Baltimore, MD

      I'm glad I'm not the only one! I do think Mint.com gives me a good general idea about where my money goes. But for me, it's not really something I can swear by the way others do. I've heard Wave Accounting is better, but I haven't tried it out for myself.

    • A.A. Zavala profile image

      Augustine A Zavala 

      7 years ago from Texas

      I was getting ready to try the website out. Thank you for the insight.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)