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What happened to Mint?

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Re: What happened to Mint?

#61

Post by usaar333 »

teej wrote: post #42
Ozzie_osman wrote: post #29

Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…

> It became a "top-of-the-funnel" lead generation tool for other products If I recall correctly, the original pitch deck for Mint stated that this was the plan. Weird to say it morphed into something that was just the original vision. Edit: found the deck https://www.slideshare.net/hnshah/mintcom-prelaunch-pitch-de...

That's not their pitch deck. That's a class or competition project.

Source: was attending Berkeley with the people listed on the first slide when this was published.

Re: What happened to Mint?

#62

Post by davidajackson »

sshumaker wrote: post #57
Ozzie_osman wrote: post #29

Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…

This space is really difficult to crack for a few non-obvious reasons. The first is that the total TAM is less than you think; for most people, tracking their spending to manage budgets just doesn’t appeal to them. For many consumers, just seeing all of their finances is incredibly depressing. I suspect the 13mm Mint users are a large portion of the addressable market for this kind of product. So without a strong mon…

I was told recently by someone who runs one of these types of apps that TAM that has been tapped so far is <1B. And these apps have been around for a while. So for some of these businesses, their consumer app can be a "wedge" to get them going, but they hedge by exploring B2B opportunities.

Re: What happened to Mint?

#63

Post by josefresco »

sct202 wrote: post #2

Mint is still useful even though the core features have been basically unchanged for the last decade, but that said I've been de-linking accounts from my Mint because they don't synchronize right or fail a bunch. I've mostly degraded it to just being for spending tracking and it seems reliable at connecting to Chase.

Same here. The frequent "you need to reconnect your account" notices were annoying, and often times just ignoring them fixed the issue.

I went from tracking just one credit card, to tracking all my accounts, and now back to just one credit card.

Re: What happened to Mint?

#64

Post by crazygringo »

I dunno... I kind of like the fact it hasn't changed.

I've been using it for years. It does what it needs to do, and literally nothing else.

Most of the charts and graphs work fine. It seems to be specifically the investment ones that require Flash, which is a bummer. Honestly I'd never used them before, so hadn't even noticed.

But in contrast to other software that completely overhauls its interface (usually for the worse) every few years, and turns into slower and slower bloatware... I guess it's kind of refreshing to me that Mint hasn't changed... knock on wood.

Re: What happened to Mint?

#65

Post by SnowingXIV »

It's a real shame that there isn't legitimate competition in this space. And before you mention it, personal capital is not a replacement as it solves a different problem.

One place to aggregate all financial accounts and give a clear picture, including bills, investments, categories, trends, credit score checks, and budgeting. Everything is easily synced. I don't need a desktop app, just a web app and an iOS app. There are manual solutions but I'm looking to have all this automated.

Basically Mint has nailed it if it wasn't completely abandoned and didn't as many account connectivity struggles. (it handles most of them well). They also have turbo tax, why isn't this integrated? You have your accounts connected already. Automatically pull the required forms from that financial provider into turbo tax. This doesn't seem impossible.

I don't mind the "offers" ad page, but when they started integrating ads in between transactions that was rather offensive. It's been a steep decline. I'm really hoping someone comes up with a strong alternative (VCs get on this). I'd be willing to pay annually too.

Re: What happened to Mint?

#66

Post by [deleted] »

benplumley wrote: post #43
orev wrote: post #32

I had been using PocketMoney for a very long time, but it was recently destroyed by the company that acquired it. Seriously looking into GNUCash to try to avoid that kind of thing in the future. Using an online service for financial tracking seems crazy to me, given the data free-for-all that is going on now.

I've been using YNAB4 for about 5 years, when it eventually stops working I'm planning to move to Eqonomize[1] - it's GPL so should avoid your concern, but isn't quite as drastic a jump as GNUCash, and it's cross-platform too. [1] http://eqonomize.github.io/

[deleted]

Re: What happened to Mint?

#67

Post by alistairSH »

I haven't used Mint, so I went to take a look...

Am I missing something, or is Mint asking me to hand over the credentials to all my other financial accounts? That strikes me a horrendously awful idea.

Re: What happened to Mint?

#68

Post by tfandango »

SnowingXIV wrote: post #65

It's a real shame that there isn't legitimate competition in this space. And before you mention it, personal capital is not a replacement as it solves a different problem. One place to aggregate all financial accounts and give a clear picture, including bills, investments, categories, trends, credit score checks, and budgeting. Everything is easily synced. I don't need a desktop app, just a web app and an iOS app. Th…

Did Mint stay with Intuit when they spun Quicken out? I was assuming it went with Quicken and it seems like they are focusing on Quicken Online and Standalone. I'm not super thrilled with either at the moment.

Re: What happened to Mint?

#69

Post by tguedes »

josefresco wrote: post #60

I've used Mint for years. It started as a cool tool to track you transactions. It then turned into a tool to sell me credit cards. The transaction logging never got "smarter". Example: I use a credit card for everyday purchases and then pay it off each month. Mint counted every transaction AND my payment at debits therefore each month it showed I was spending double. Despite my efforts to train Mint to stop this, it…

Idk why it didn't work for you but I have both my bank account and credit card on mint and like you I pay it off fully each month. Each transaction on my credit card shows on my budget.

When I pay off my credit card, a transaction shows up on the credit card side, say +$1000, I put this is Credit Card Payment. Since I have my bank account also in Mint, another transaction of -$1000 comes my bank account and I put this in Credit Card Payment, so it cancels out.

I've done this enough that I no longer have to do it manually.

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