Tiffany K., fifth-year undergraduate, University of Victoria, British Columbia
Mint is a free money manager and financial tracking app made by Intuit, which is the same company that created TurboTax (software for filing taxes). It’s always good to know that the app you’re using has a solid background, right?
To tell you the truth, I started off a little worried about the app’s security, which is why I held off from using it when it first came out. Having all of your important accounts in one place really didn’t sound like a good idea. But I quickly, and very happily, found out that they set up multifactor authentication right from the get-go. That means they have extra measures in place to make sure you’re you. For instance, when you make an account, they’ll ask you for your email and phone number(s) and use them to confirm any changes you make, like adding and syncing your bank accounts. While the app allows you to see what’s been going on in your accounts, you can’t make any direct changes to them, such as transferring money, which for me is a security bonus. Intuit also has a perfect track record with managing data; uses bank-grade security and white hat hackers; and—*drumroll please*—completely follows Canadian data laws, especially the one about not selling any user information.
Another pleasant surprise was how unexpectedly useful Mint was. Aside from letting you see everything at a glance, it also acts as a second pair of eyes. In fact, it alerted me to a negative balance on one of my chequing accounts and a discontinued credit card that I hadn’t noticed, and it kept me from accidentally overspending on a personalized budget. For a busy and tired student, Mint is pretty much a lifesaver.
However, there were a few minor bumps in the road. For one, the mobile app isn’t as versatile, so using the browser version is recommended if you want to make some edits to preexisting features, such as adding a transaction subcategory. Another thing is that you can only list one phone number at a time with your preferred way of contact on your profile, no matter how many you actually signed up with. It also has some service limitations. For example, getting your credit score is only available in the US, and it’s not able to support currencies or financial institutions other than US and Canadian just yet.
Taking everything into account, I do feel a lot more confident and organized when I use Mint. It saves time and effort, and you’re not sacrificing security for convenience. It’s perfect for anyone who wants a safe way to keep track of all their finances. While there’s certainly room for improvement, it’s nothing that can’t be remedied with a shout-out to the app’s team and waiting for time to work its magic. All in all, I’d say that it’s doing pretty well with what it already has on its plate, and I’m definitely looking forward to seeing what the app will bring to the table in the future.