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Budgeting Made Easy: Access All Financial Accounts in One Spot


cheap |CHēp|
Some may call me cheap, thrifty, frugal, or even boring. I define myself as FINANCIALLY AWARE! Do you know where your money is going? How much you’re spending on life’s necessities vs. its pleasures?

As you can probably imagine, I try to stay on top of my budget. Recently, I’ve been getting extremely tired of manually compiling my financial data into an Excel spreadsheet to track my net worth (call me old fashioned). I get frustrated with the tedium of imputing data from all of my different accounts. To add to the frustration, for some reason the numbers never seem to quite add up.

After speaking with some fellow co-workers about how they manage their finances, I found Mint.com. Mint.com is an ideal solution for managing all your accounts IN ONE PLACE. It is a secure site which pulls all of your financial data from your various accounts and organizes them together. Listed below are some of the benefits I found by using Mint.com:

  • First of all, it’s FREE! Yep, you heard me, FREE!
  • It automatically updates all of your accounts, which means no more tedious data entry!
  • Everything is compiled into one account, no more jumping from account to account.
  • It provides the ability to customize a personal budget.
  • Mint.com offers personalized tips on how and where to save money.
  • It also allows you to set financial goals and assists you with a plan on how to reach those goals.

Mint.com offers the capacity to manage the following accounts from various banks or sources simultaneously:

  • Checking accounts
  • Saving accounts
  • Car loans
  • Home loans
  • Student loans
  • Other loans
  • Investments

Here is how you get your budget started:

1. Visit Mint.com and create an account by providing a current email address, zip, and password.
2. Decide which accounts you want to manage and provide Mint.com with the online username and password to each specific account.
3. Mint.com will take a minute to upload all your data…..then BAM! you’re all set up. Pretty stinking easy!
4. Afterwords you can create a budget using Mint.com’s recommendations.

Take this first step to get financially aware. Create a budget. Manage it by utilizing convenient resources. Live by it. Once you do, you won’t cringe at the idea of budgeting, nor at the word “cheap”!

This has been a guest post by Braydn from Pleasant Grove, UT
Find out more about the KCL Contributor Network!

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14 thoughts on “Budgeting Made Easy: Access All Financial Accounts in One Spot”

  1. I am so disappointed with mint so far. I signed up on thursday last week with the swagbucks offer. they for some reason can’t access my credit union so far, and I have tried different browsers & different computers, and even changed my bank password & still not able to access. Also, it keeps on telling me that my online savings acct is having issues, b/c they recently changed their security verification process & now ask for a different letter of my security each time I log in…so mint keeps telling me to log in to the bank website & make sure I still have a valid acct. Would really like to be able to try this site, but it doesn’t make sense if I can’t pull my info. A friend of mine told me to try quicken.

  2. Not crazy about this idea. I use YNAB (you need a budget) and it can download all your transactions from most banks but I am in control of the data. Plus it really helps me manage and plan my finances. I am a little wary of giving my logins to any third party.

  3. rachiti says:

    this even works for small independent banks. If you have any issues while setting it up, you can email the help dept. I love having everything in one place…I can switch which credit card I’m using to accumulate points etc. without losing track of my spending. It’s also great as a way to track all those random added expenses that you may not have considered budgeted for like a new jacket or snow blower or car radiator etc. You can add/delete budget items each month so it’s flexible as you figure out how much your *actually* spending vs how much you thought you were spending vs how much you can afford to spend.

  4. Anonymous says:

    if you have a BofA account, they have a feature called My Portfolio that does the same thing.

    • CJ says:

      Or you can transfer your money to a local credit union where you can be sure that your money is helping your community, not involved in some Big Bank’s questionable investments and schemes that bilk consumers.

  5. Mint is the best thing ever!! Have been using for quite a while and I firmly believe that everyone else should too. How fun it is to track my spending and see where I am UNDER budget!!

    • teal smith says:

      Do all of your accounts show up? For my cards that require an image in addition to the username and password, I’ve found mint can’t access those accounts. If mint can’t provide info from all of my accounts, then I find it useless. Any tips?

      • Jennifer Cherget says:

        What bank are you having trouble with?

        • teal smith says:

          Lowes and Old Navy are two that I couldn’t get to show up due to the image verification that Mint couldn’t get past.

      • Mandi Wells says:

        Did you contact Mint about it? I had trouble with OSU Federal Credit Union. Now I have to manually update that account every time I log onto mint (because it has a changing security number letter thing), but that just takes a moment!

        • teal smith says:

          Yes, they told me to call my creditors and ask them to change their system so Mint could access it. I suppose I could do as you’re doing and just manually update the few that don’t auto update on a monthly basis. I hadn’t considered that before.