Wednesday, October 19, 2011

Tip: Mint.com

If you aren't using a bookkeeping software (I use Quickbooks and love it) Mint.com is a great site to track your accounts, your spending, and your income. You can set up budgets and the program will alert you by e-mail if you aren't following your budget and if your account balances are too low or too high.

The best way to keep a grip on your money and your spending is to track what you're doing. I've mentioned this before, in this tip on writing down everything you spend, and Mint will help you to do that.

Once you've set up your accounts it'll automatically update from your account websites, and then formulate everything for you. It's nice to have everything, all your accounts, right there in front of you for you to review, with the legwork done for you.

Here's a thorough article at Get Rich Slowly written by Geoff Lennon describing Mint.com and what it can do for you.

I can't stress enough how strongly I feel about tracking and knowing your income, spending, debt, and assets in order to control them. If you're a parent you know full well that a child out of your sight has a much great opportunity to find trouble ... same with your finances!

Have you tried Mint.com? Do you use other financial software or an online program? 

** I am not, in any way, paid to endorse mint.com and receive no compensation from them.
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