Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

What happened to Mint?

fastcompany.com

Post reply on HN
Print view View original

11–20 of 456 posts

Re: What happened to Mint?

#11

Post by codydh »

decasia wrote: post #4

It sounds like the answer is pretty straightforward — Mint was acquired and then semi-abandoned for want of providing sufficient revenue/having a sufficiently profitable business model. The question in my mind is: What is the matter with global banking institutions such that this has to be a third party service instead of a service that a well-organized banking consortium could provide to its clients? I would totally…

Simple (and perhaps others) offer the features you asked for in the US, except for syncing other accounts.

Re: What happened to Mint?

#14

Post by sl1ck731 »

decasia wrote: post #4

It sounds like the answer is pretty straightforward — Mint was acquired and then semi-abandoned for want of providing sufficient revenue/having a sufficiently profitable business model. The question in my mind is: What is the matter with global banking institutions such that this has to be a third party service instead of a service that a well-organized banking consortium could provide to its clients? I would totally…

For budgeting and transaction classification, I know PNC has this. I assume (maybe wrongly) that most major banks have something similar.

Speculating for account syncing, but there is a zillion different provider integrations they would have to maintain for something like a mortgage, and such an account would change hands many times to companies with different APIs.

Re: What happened to Mint?

#16

Post by rjkennedy98 »

The investment view of Mint is close to useless for many reasons (Adobe being one of the smallest). It is incapable to readjusting the cost basis when you buy more of an asset at a different time. It also doesn't seem to understand when you add money to account. You end up with bizarre numbers saying you made 50% in a year because you added money later, or saying you are down 50% because you moved money out of the account. Mint is good at a few things, in particular Net Worth tracking and getting a 360 degree view of your financial assets. I've used it for nearly 10 years and I can see my net worth over the entire time period with very good accuracy, which is invaluable to me.

Re: What happened to Mint?

#18

Post by shaunparker »

decasia wrote: post #4

It sounds like the answer is pretty straightforward — Mint was acquired and then semi-abandoned for want of providing sufficient revenue/having a sufficiently profitable business model. The question in my mind is: What is the matter with global banking institutions such that this has to be a third party service instead of a service that a well-organized banking consortium could provide to its clients? I would totally…

USAA's checking/savings accounts have most of those features. You can connect external bank and investment accounts. Track home value. Categorize transactions. There's more features, those are just the ones I know about. That said, I still use Personal Capital to track my finances.

Re: What happened to Mint?

#20

Post by nerdjon »

I have been using Mint for a while but recently have been looking into alternatives (including paid ones).

But the biggest issue I am seeing is while a lot of services claim to try to be smarter, they often miss a lot of the smaller features (like actually categorizing my Amazon purchases properly...) that Mint has.

I am evaluating Albert (and going to look at some of the others here), but curious if anyone has any recommendations?

Post reply on HN