Instead, it sticks with its bread and butter focus on budgeting.Īlthough Mint fares well compared to YNAB in terms of investment tracking, Personal Capital is best for serious investors. Whereas Mint will give you insights into your account balances and holdings, YNAB does not feature any investment tracking. Mint has the edge over YNAB when it comes to tracking your 401(k), IRA, or other retirement and taxable accounts. Mint bundles users into cohorts and sells collective data so your privacy is maintained. You don’t have to worry that your individual data is being sold. Lastly, Mint sells aggregate consumer data that provides insight into spending, bank fees, and saving habits. And Mint also makes money from the display ads featured on its site. You also have the option to pay Mint for premium access to your credit report. For example, you may be paying a high interest rate on a credit card and discover a credit card offer which enables you to transfer your balance at no cost and pay no interest for a period of time. Mint has a Ways to Save section which features financial service providers who pay Mint a referral commission when you sign up. Mint is smart enough to know when other products and services can possibly save you money. But before you shudder at the thought of yet another financial offer hitting your email inbox, it is worth understanding how Mint can actually save you money with these offers. Unlike YNAB, Mint will serve you advertising offers. YNAB does offer a 34-day free trial so you can check it out 100% risk-free.īut if Mint is free and YNAB costs you a monthly fee, you might be wondering how does Mint makes money? In fact, it is priced similarly to a Netflix subscription but you still pay a $6.99 monthly fee compared to Mint which is 100% free. It’s not that YNAB is particularly expensive. If you are price-sensitive, Mint is your best bet. While Mint and YNAB both do an excellent job when it comes to budgeting, they differ in many other ways. Open YNAB Account Open Mint Account Mint Vs YNAB: So should you choose the specialist budgeting tool, YNAB, or Mint, the budgeting app with extra trappings? Where Mint shines is not only in providing a budgeting tool but also in offering a host of peripheral services from tax reporting to bill payments and from investment tracking to credit score monitoring. YNAB is like a budgeting tool that stretches a mile deep while Mint is a personal finance tool that incorporates budgeting but is a mile wide featuring other financial tools too. Plus, both budgeting apps do an excellent job when it comes to goal tracking so you can set, track, and target your financial goals. You can view all your accounts in one place so it is easy to stay on top of your finances.Īnd it is intuitive to navigate around each of the dashboards, link to your credit card and bank accounts, as well as any loans you may have so you can stay on top of your liabilities too. Mint and YNAB both synchronize with your financial institutions so your income and spending are tracked and easily accessible on each of the platforms. YNAB vs Mint: Which Is The Best Budgeting App? Some of the institutions we work with include Betterment, SoFi, TastyWorks and other brokers and robo-advisors. By letting you know how we receive payment, we strive for the transparency needed to earn your trust. Thank you for taking the time to review products and services on InvestorMint. With an ever increasing list of financial products on the market, we don’t cater to every single one but we do have expansive coverage of financial products. Our goal is to make it easy for you to compare financial products by having access to relevant and accurate information. We strive to maintain the highest levels of editorial integrity by rigorous research and independent analysis. We don’t receive compensation on all products but our research team is paid from our revenues to allow them provide you the up-to-date research content. Revenues we receive finance our own business to allow us better serve you in reviewing and maintaining financial product comparisons and reviews. When you select a product by clicking a link, we may be compensated from the company who services that product. Financial services providers and institutions may pay us a referral fee when customers are approved for products. Investormint endeavors to be transparent in how we monetize our website.
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