Mint App Closing: How to Pick New Budget Service - NerdWallet (2024)

Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company’s decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement.

Here’s what the news means for consumers and what to consider when choosing a new budgeting service.

Mint App Closing: How to Pick New Budget Service - NerdWallet (1)

What is Mint?

Mint, acquired by Intuit in 2009, is a free personal finance app. It has long been one of the most widely used and highly rated budget apps. Mint links to nearly all types of users’ financial accounts, such as credit cards, investments and loans.

Mint’s loyal following has gravitated toward its comprehensive features, including the ability to review spending, track net worth and personalize goals and budgeting categories.

What’s happening to Mint?

In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.

While several Mint features will live on in the Credit Karma app (such as spending and net worth tracking), setting monthly budgets and customized categories won't make the cut. It’s unclear whether these capabilities might move over eventually.

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How you can prepare for the end of Mint

The good news is that Mint isn’t shutting down overnight. The company is giving Mint users “ample time” to plan for the change, an Intuit Credit Karma spokesperson said in a statement.

Those who rely on the app will have several months to gather their financial information from Mint and search for an alternative budgeting tool. Still, this window may not feel long enough for some users. Here are steps you can take to make the change less painful.

First, take stock of any stored information you don’t want to lose. You can download your existing Mint transaction data as an Excel spreadsheet by following the instructions on Mint’s help center page. Taking screenshots of helpful charts or insights is another option.

Then, make a list of the Mint features you used most often or that were most helpful to you. Refer to this list when exploring what replacement apps have to offer.

What to look for in a new budgeting app

There are plenty of other budget apps out there that can help fill the void once Mint shuts down. Many personal finance websites, including NerdWallet, offer free money management tools. Compare NerdWallet vs. Mint to learn how their features line up and differ.

PocketGuard is a free service that highlights your spending and net worth and allows you to budget for goals. YNAB is a popular app that also lets users create customized plans for their money, but it has a subscription fee.

Mint users don’t necessarily have to start from scratch. Some apps, like Monarch and YNAB, allow new users to manually import data files from their banks or other personal finance apps. Like Mint, there are many other apps that automatically sync with users’ financial accounts. Some may even pull multiple years of your transaction history, which can be ideal if you don’t get a chance to save your Mint data before it vanishes.

Before committing to a paid budget service, take advantage of free trial periods — if offered — to learn whether it’s worth the money. And before signing up for any budgeting service, read reviews in app stores and on trusted financial websites.

An app’s community and customer service (or lack thereof) may be worth paying attention to as well. Mint’s large user audience and customer support made it easier for many to learn and troubleshoot.

Before you build a budget

NerdWallet breaks down your spending and shows you ways to save.

Mint App Closing: How to Pick New Budget Service - NerdWallet (3)

Mint App Closing: How to Pick New Budget Service - NerdWallet (2024)

FAQs

What to use after Mint shuts down? ›

Credit Karma will inherit some of Mint's most popular features and offer new ones. Members can still monitor their spending and cash flow, and Credit Karma will use customer data to make personal and actionable recommendations, like which credit card to use for rewards or what to do when an account is low on cash.

Is Mint going away in 2024? ›

Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company's decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement. Here's what the news means for consumers and what to consider when choosing a new budgeting service.

Can I create a new budget category in Mint? ›

You can't customize Mint's default categories, but you can add your own subcategories. (Mint calls these categories as well; I'll just refer to them as subcategories because they fall under the categories. And I'm pedantic.) For example, I only put debts and savings budgets in my Financial category.

Why shut down Mint? ›

According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.

Why is Mint app shutting down? ›

Mint recently announced: “Reimagining Mint as part of Intuit Credit Karma will expand our capabilities,” which is them trying to put a positive spin on the fact that they're shutting down their budgeting app capabilities—and Mint budgeters won't be able to access their budgeting accounts or continue budgeting starting ...

Does Ryan Reynolds own mint mobile? ›

Ryan Reynolds's Mint Mobile was bought by T-Mobile for $1.35 billion. Ryan Reynolds has assumed many guises since he shot to fame in the 1990s. And while the Deadpool star has become a widely recognized actor, he's also become closely associated with his two brands—Aviation Gin and Mint Mobile.

What will happen to Mint customers? ›

By Jan. 1, 2024, consumers will no longer be able to use the Mint app. Whether you choose to migrate to Credit Karma or choose a different budgeting platform altogether, the switch is going to take some getting used to.

Is Mint shutting down in Canada? ›

Monarch Money ( Now in Canada!) Intuit Mint—or simply Mint—was one of the longest running and most established of these apps. On October 31, 2023, Mint announced they will be shutting down on January 1, 2024.

Is Mint better than Quicken? ›

Quicken has much more functionality and can grow with you over time. It's also better than Mint if you're a small business owner or are managing rental properties.

Is credit Karma replacing Mint? ›

As of 3/23/2024, service for Mint Canada has ended as we have officially moved to Credit Karma. We acknowledge that this is a big change. We recommend that you download your Mint transaction data.

Can two people use Mint budget? ›

While Mint doesn't market itself as a couples budgeting app, you can use it to manage your finances with another person. You can import data from your financial accounts and add your personal and shared accounts to manage your finances through one shared Mint account.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

Is Mint better than Ynab? ›

Both platforms provide automatic synchronization of your bank, credit card and loan accounts with many financial institutions. While Mint supports a larger number of banks and financial services than YNAB, it also seems to have a lot more technical problems with synchronization.

Is Mint still a budget app? ›

The Mint budgeting app will officially shut down on March 23, 2024, when users will no longer have access to their data on the app. Intuit®, which owns Mint and other personal finance platforms like QuickBooks® and TurboTax®, is inviting current users to migrate to Credit Karma, which it also owns.

How do I update Linux Mint without losing data? ›

To be safe:
  1. Make a full backup of your data on an external device (USB stick or DVD)
  2. Download and burn the liveDVD of the newer release, and check that your hardware is fully functional with it.

How do you update Mint? ›

Upgrade the operating system

In the Update Manager, click on the Refresh button to check for any new version of mintupdate or mint-upgrade-info. If there are updates for these packages, apply them. Launch the System Upgrade by clicking on “Edit->Upgrade to Linux Mint 21.3 Virginia”.

How to recover Linux Mint? ›

To enter the recovery mode in Linux Mint, press and hold the “Shift” key when the system's boot screen appears. If it does not bring the recovery mode, repeatedly press the “Escape” key (works for the UEFI).

What is the shutdown key for Linux Mint? ›

Linux operating systems can easily be stopped, shut down, and restarted using the shutdown command and its various options. Linux shutdown commands are entered in the Linux terminal that is launched by using the keyboard shortcut [Ctrl] + [Alt] + [T].

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