2 Best Finance and Budgeting Apps – Mint and Quicken Comparison

Personally, I always struggle to realize where all my money goes at the end of the day. In this post I try to observe two most popular iOS and Android financial apps, Mint and Quicken, which can help to plan your budget and won’t become a hobo or bankrupt (spoiler: with Quicken’s annual price you will).

They have similar features, but it is up to you to choose which one suits your budget and has better UX design.

Let’s go!

1. Mint

Mint is the most popular budgeting and financial tracking app. It already has over 15 mln users and you can easily install it and sign up for free.

This app aggregates all your financial info: bank account, credit score, bills reminder. Plus it tracks your net worth and investment details.

The main purpose of this app is tracking your budget: all your purchases go into specific sub-categories that you created.

Overall it is good for planning and your budget tracking but as many people notice – their investment features are way too simplistic and you may want to use some more specific app for this purpose.

Pros and cons of Mint:

Pros

  • It is free.
  • Goal Settings for your budgeting. You can clearly see where you spend your funds.
  • You can track your credit score.
  • Security. Mint uses Two-Factor Authentication
  • Bills Notification. With these alerts, you can pay your bills in time.

Cons

  • Very Simplistic Investment Features
  • Synchronization. This is the main Mint’s issue. Quite often you can wait too long to synchronize with your bank and in some case it fails

 

Overall,  Mint is really great for budgeting – it is its main feature. But if you want to track your investments – better use something more specific.

2. Quicken

Quicken seems to be quite similar to Mint, but it has some difference – it is most suitable to track your long-term spendings, and your investments (as we know one of Mint’s cons is its lack of features in this area). Quicken was designed to be installed on various PC versions (on Windows) or Mac to get the most of its features, but you can use it as an app too. On the opposite, Mint is more light-weight iOS / Android app.

Quicken starts his career since early 90’s. A lot of Americans were tracking their financial info with this software. Interesting that it was previously owned by Intuit – the owner of Mint app.

As for me, the biggest con of Quicken is its price. In 2018 users have to pay for it annually. And the price is not really low – 35-100$. Nowadays, when almost nobody avoids paying for digital goods it significantly decreases its advantages in comparison with Mint.

Let’s look at Quicken’s pros and cons.

Pros

  • Quicken, without doubts, is the most complete budgeting, personal finance, and investment app. It works on PC, Mac, Android, and iOS and can help newbies and billionaires to track their spends.
  • Very strong investment features. You can track your multiple portfolios with stock updates.
  • Mobile app. The Quicken’s team tried to move this soft’s features to a light-weight app (Android and iOS).

Cons

  • Dreadful synchronization issues. As with Mint, you can have annoying synchronizatoin fails with Quicken as well.
  • Not really cheap price to pay for tracking your financial info if you are a poor student or low-budget clerk.
Conclusion

Of course, Mint.

It is free to use the app and does not require installing on your desktop.

Yes. it has poor investment feature, but you are no Warren Buffet, right?

We hope Intuit will finally solve synchronization problem and Mint will be synchronizing with banks without any problems.

You can also read our free and paid spy apps guide.

 

Leave a Reply

Your email address will not be published. Required fields are marked *