From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.

BiggerPockets

General Info

BiggerPockets Q&A, Site Questions, & Announcements

1514 topics, 14412 posts — Last Post 04/24/14, 05:53PM

BiggerPockets Exclusive PRO Area

117 topics, 841 posts — Last Post 04/23/14, 08:28AM

New Member Introductions

10994 topics, 86671 posts — Last Post 04/24/14, 05:49PM

Real Estate Success Stories

400 topics, 6221 posts — Last Post 04/24/14, 05:13PM

General Real Estate

General Real Estate

Buying & Selling Real Estate

6002 topics, 47284 posts — Last Post 04/24/14, 06:01PM

Renters

651 topics, 5873 posts — Last Post 04/24/14, 03:20PM

Get Foreclosure Help - Help Stop Foreclosure Forum

317 topics, 2561 posts — Last Post 04/23/14, 08:28PM

Home Owner Association (HOA) Issues & Problems Forum

238 topics, 1611 posts — Last Post 04/23/14, 04:02AM

Do it Yourself

660 topics, 6333 posts — Last Post 04/24/14, 02:46PM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3716 topics, 29811 posts — Last Post 04/24/14, 06:00PM

Real Estate Guru, Book & Course Reviews and Discussions

1140 topics, 11615 posts — Last Post 04/24/14, 05:04PM

Ask About A Real Estate Company

743 topics, 7348 posts — Last Post 04/24/14, 03:12PM

Real Estate Investing

Real Estate Strategies

Wholesaling

5647 topics, 44005 posts — Last Post 04/24/14, 06:00PM

Rehabbing and House Flipping

3354 topics, 31117 posts — Last Post 04/24/14, 06:02PM

Real Estate Development & New Home Construction

554 topics, 4695 posts — Last Post 04/24/14, 06:22AM

Innovative Strategies

705 topics, 6044 posts — Last Post 04/22/14, 04:06PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

869 topics, 6703 posts — Last Post 04/24/14, 06:01PM

Rent to Own a.k.a. Lease Purchase, Lease Options

700 topics, 4961 posts — Last Post 04/24/14, 11:26AM

1031 Exchanges

143 topics, 1063 posts — Last Post 04/24/14, 11:10AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1692 topics, 11317 posts — Last Post 04/22/14, 09:26PM

HUD, VA, and Tax Sales

416 topics, 3103 posts — Last Post 04/23/14, 02:29PM

REOs

1217 topics, 10604 posts — Last Post 04/24/14, 07:13AM

Short Sales

1539 topics, 13154 posts — Last Post 04/23/14, 08:25PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7259 topics, 71276 posts — Last Post 04/24/14, 05:44PM

Mobile Homes & Mobile Home Park Investing

639 topics, 5146 posts — Last Post 04/24/14, 05:13AM

Investor Basics

Starting Out

7739 topics, 60719 posts — Last Post 04/24/14, 05:30PM

Investor Psychology

434 topics, 6131 posts — Last Post 04/24/14, 05:58PM

General Real Estate Investing

4732 topics, 37336 posts — Last Post 04/24/14, 02:34PM

Real Estate Investor Marketing

1740 topics, 14165 posts — Last Post 04/24/14, 05:08PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1414 topics, 9022 posts — Last Post 04/24/14, 04:12PM

Multi-Family and Apartment Investing

1124 topics, 9411 posts — Last Post 04/24/14, 05:56PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

645 topics, 4913 posts — Last Post 04/24/14, 12:21PM

Business Basics

Goals, Business Plans & Entities

835 topics, 7595 posts — Last Post 04/24/14, 05:56PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2803 topics, 20142 posts — Last Post 04/24/14, 05:04PM

Property Insurance

312 topics, 2059 posts — Last Post 04/24/14, 10:22AM

Personal Finance Discussion

330 topics, 2754 posts — Last Post 04/22/14, 12:06PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2853 topics, 19851 posts — Last Post 04/24/14, 05:15PM

Creative Real Estate Financing

1221 topics, 8870 posts — Last Post 04/24/14, 03:19PM

Crowdfunding Real Estate

35 topics, 463 posts — Last Post 04/19/14, 06:24PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1218 topics, 8051 posts — Last Post 04/24/14, 01:43PM

Bankers, Lenders, and Mortgage Brokers

442 topics, 1931 posts — Last Post 04/23/14, 09:04PM

Contractors

268 topics, 1689 posts — Last Post 04/24/14, 05:05PM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

2023 topics, 11775 posts — Last Post 04/24/14, 05:28PM

Americans & International Real Estate

162 topics, 572 posts — Last Post 04/24/14, 03:31AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

66 topics, 440 posts — Last Post 04/24/14, 05:54AM

Marketplace

Real Estate Marketplace

Real Estate Marketplace

15097 topics, 54165 posts — Last Post 04/24/14, 05:17PM

Real Estate Events and Happenings

169 topics, 2622 posts — Last Post 04/24/14, 05:42PM

Off-Topic

Off Topic

Off-Topic

2909 topics, 32450 posts — Last Post 04/24/14, 05:32PM

Housing News & Real Estate Market

922 topics, 8397 posts — Last Post 04/24/14, 02:57PM

BiggerPockets Real Estate Investing Summit

97 topics, 1752 posts — Last Post 04/23/14, 04:51AM

BiggerPockets Resources

Forums » Off-Topic » Mint.com

Mint.com

21 posts by 9 users

Signup

Real Estate Investor · Round Rock, Texas


Does anyone use mint.com to manager their personal (non-business) finances? If so, how has your experience been?


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor · El Paso, Texas


Bryan,
I use two spreadsheets to track my spending/bills/investments. One spreadsheet lists the monthly expenses and another tab on the spreadsheets list my income and investments.

The other spreadsheet I use I found on a website that I'm subscribed to (The Eventual Millionaire - Jaime Tardy). I was getting frustrated recently as my wife started working after a year off due to pregnancy. I was wondering where all our money went every month. This spreadsheet you just type in where you spend your money for each month. This way I can see where our money is going.

I've never had an urge to use Mint.com.

Tom



Real Estate Investor · El Paso, Texas


Also with companies and even the US government getting their secure websites hacked, I feel better having my data on my computer.



Real Estate Investor · Round Rock, Texas


Yeah...I have a spreadsheet for my investments and Quickbooks files. That is plenty to keep track of without goofing with my personal expenses too. Mint.com isn't perfect, but I was hoping it may be good enough because I won't track this information too.


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor


I have used it , not entirely to manage my personal finances, but to keep track of bills and such. I've been pretty happy with it. I'm not concerned about web hacking, but see why some people are. Of course I don't make it easy for someone to get my info, but web database hacking is one too many things for me to worry about. Everyone's information is everywhere now. I do like how it instantly updates account info when you log in. It has some good features.



Real Estate Investor · Round Rock, Texas


Thanks Ed. I read some blog posts about it and it appears that they addressed many of the problems with the original versions. Do you have your credit card, debit card, mortgages, etc. tied to it or just a few items?


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor


I used Mint.com awhile back (probably three years ago), when it was still in a growing phase.

I liked it. Since data is downloaded automatically from your bank account (and other accounts - credit cards, traditional investments, etc) and categorized automatically, its great at automating most of personal finance. All debt information was laid out really really well, Income vs Expenses was clearly viewed, and if I recall, they even had a tool to auto create a budget for you based on past expenditures. It was quite user friendly. I don't recall a lot of in-depth analysis, but it covered the basics well.

I stopped using it because, at that time, they still were creating relationships with creditors to allow them account access. A few of the entities that I had accounts or debts with weren't on the list, so Mint.com couldn't download my information from them. And if Mint couldn't grab ALL of my accounts and information, then I had little use for it.

I've heard, though, that they've come a long, long way in this regard. I've considered giving them another shot recently, but I've fallen too much in love with my Excel budget.

Good luck.



· Bellevue, Washington


I use mint. Mint is owned by Inuit, who purchased it to replace quicken. Quicken was very secure, and Mint is equally so. It's read-only, so you do risk a hacker getting information about your accounts, but not access to your accounts directly.

I would not hesitate to try it, Bryan. It gives you a reasonable breakdown on your spending habits, and a simple view of your stock investments. The only thing I don't like about it is the advertising spam. It's a well built product.



Real Estate Investor · Round Rock, Texas


I set it up this morning and it is pretty much perfect for what I was hoping for it to do. It tracks our personal expenses and categorizes them quite nicely.

The rest of the site is a bit clunky to me and the UI is not visually pleasing. The expense tracking is very well done though.


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor · Plano, Texas


I've been using mint for about 2 years and love it. I use it to track all my expenses - personal expenses and real estate. I have it tied into all my credit cards, debit cards, bank accounts, and mortgages. What I use most is the trends graph over time, which allows me to see my personal expenses and income over time. There are a bunch of other useful graphs like net worth graph and all the data can be exported to spread sheet. As far as separating personal and real estate income/expenses I created a custom tag "real estate" and tag all real estate activity with that tag. In the trends view you have the ability to hide transactions that have a specific type of tag. It's great way to consolidate all your transactions in case if you need to go back a few months or years to track down a particular expense.



Accountant · Lake Villa, Illinois


Bryan,

I have been using mint.com for over 3 years. I love the program. Its helps create budgets and reminders. I also recommend it for my small sole proprietor clients. This allows them to keep track of their expenses and income with less work. They can then select a tab and figure a totaled list/chart of expenses.

You can set it up for just your business accounts and have it track most of everything; however, when you write a check you must manually enter who it was to.

-Steven the Tax Guy


Small_hta_logoSteven Hamilton II, Hamilton Tax and Accounting
E-Mail: [email protected]
Telephone: (224) 381-2660
Website: http://www.HamiltonTax.Net
-Steven the Tax Guy Hamilton Tax and Accounting LLC (224) 381-2660


Real Estate Investor · Round Rock, Texas


I almost have all of my accounts set up. The challenge questions seem to be too challenging to me since I don't log in to my accounts very often.

This is a great tool from what I have seen. Is there a way to train the tool to recognize transactions from certain vendors as certain categories?


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor · Plano, Texas


When a transaction posts for a particular vendor click on "edit details" for that particular transaction and there should be an option to create a rule - "Always rename xxxx and categorize as xxxx."



Accountant · Lake Villa, Illinois


It will also learn as time goes by. Most vendors it will recognize I've noticed. But yes, just click on always rename. and you can change the category as well.s


Small_hta_logoSteven Hamilton II, Hamilton Tax and Accounting
E-Mail: [email protected]
Telephone: (224) 381-2660
Website: http://www.HamiltonTax.Net
-Steven the Tax Guy Hamilton Tax and Accounting LLC (224) 381-2660


Real Estate Investor · Round Rock, Texas


Thanks guys...do you use the budgeting features too or do you just mainly use it to aggregate expenses and categorize them?


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Real Estate Investor · Plano, Texas


I use the budgeting feature for personal expenses, but fairly loosely. It's a way for me to quickly see on the dashboard once you login how my personal spending is going throughout the month for each budget category. If I didn't create budget categories I would have to go to the trends and pull graphs, etc., which requires a few more steps.

It's definitely help me identify where my money is going each month and be more conscience with my spending. Of course, this all relies that all your transactions are properly categorized.



Real Estate Investor


Bryan: looks like I'm a little behind the crowd here:

I have all of my credit cards, bank accounts and non private mortgages set up with it.
Thanks for posting this. I never considered using it to manage tracking expenses.



Real Estate Investor · Round Rock, Texas


I have our personal stuff (credit cards, bank accounts, etc.) set up with it to track our personal expenses. I track our business stuff in Quickbooks. Our accountant is going to give me several lessons this year to get me up to speed more with RE accounting and taxation. This is probably my weakest area of real estate right now so '12 is going to be spent rounding out this rough edge for us.


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week


Commercial Real Estate Broker · Memphis, Tennessee


Bryan,

I used it a bit last year and made it my resolution to stay on top of it on 2012. So far check it every day and work with the budgeting. It is a great tool especially with showing the ram where money goes.

My only complaint would be that some accounts, 401k with ING and Vanguard 529 plan for kid ant download automatically. Other that that it's great and FREE.

Well worth for the minimal time needed to work with it



Real Estate Investor · Round Rock, Texas


I'm not using it for my investment accounts. I just want something to track expenses from a few different sources. Dual use items for personal and business stuff can be linked quickly to give us an accurate cash flow accounting at a high level without investing a ton of time banging stuff into a customized spreadsheet.


Small_inner10_logo__updated_Bryan Hancock, Inner 10 Capital
E-Mail: [email protected]
Telephone: 1-800-577-0401
Website: http://www.inner10capital.com/invest/
Join Our Investor Base - Currently Growing 12% Per Week




Sign up