20 Replies

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

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


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

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. isn't perfect, but I was hoping it may be good enough because I won't track this information too.

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.

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?

I used 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 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.

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.

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.

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.


I have been using 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

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?

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."

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

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

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.

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.

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.


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

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.

I downloaded the app for the iPhone and I hate it. The biggest problem is it takes FOREVER to load up my different accounts. I could easily log into the actual bank websites from my phones browser before waiting for it to load.

That being said, I've not setup or used the web based version, from the sounds of all the posts that is much more useful. So my suggestion...stay away from their app unless you have a solid 4G connection.

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