The Ultimate Guide to Managing Your Financial Life With Mint

Honestly, there’s just way too much stuff to keep track of in life.

There’s an app or a website for absolutely everything (not to mention a different username and password for each of them).

Between my bank accounts, my credit cards, calendars for different jobs, multiple email platforms, and more than a few mobile games, I’m flipping like a madwoman between different apps and sites on my phone just to keep track of it all.

I’ll admit it, I’m a Millennial, so, for me, this is just a fact of life. I don’t think about it much — it just is.

But, every once in a while, I start longing for a solution that rolls it all into one “thing.” One, easy place to manage everything.

More often than not, this is wishful thinking.

Everybody’s routine is different, so there’s not going to be some magical app that lets me combine all facets of my life, allowing me to play Candy Crush while I simultaneously scan my work email. 

But, when it comes to my financial life? Wish granted. And that wish comes in the shape of a great website/app called Mint

Mint helps you effortlessly manage your finances all in one place. That’s literally the dream!

Mint brings together your accounts, your bills, your investments, your credit report, liabilities, net worth, and assets in one simple dashboard.

You can track your spending and investments, get bill reminders, and even set goals and budgets for yourself.

So, not only are you able to track everything that’s already happening with your finances, you can also strategize ways to change your financial trajectory.

This site is a lifesaver and it comes highly recommended by nearly everyone in the financial and business world. Oh, and it’s easy.

It’s so easy, that we’re willing to do it for you.

Okay, well, not like… physically set up your account for you (that would be weird). But, we HAVE done the research for you and are willing to walk you through the basics so that you feel absolutely no fear about getting started!

That’s right. We’re offering you the ultimate guide to managing your financial life with Mint. Our gift to you. You’re welcome.

Signing Up

Quick fun fact: Mint is a product of Intuit, the creators of TurboTax. So, if you do your taxes with them, you’ve already got an Intuit account. Wow, you are already so far ahead of the rest of the class.

managing your financial life with mint

If not, that’s okay. It takes a literal second to create a new account. Click here to do that. You know you want to.

As per usual, you’ll sign up with an email address, a phone number if you’re chill with that, and a password.

Once you’ve done that, you have access to everything Intuit offers through one nifty account, including Mint, Quickbooks, and TurboTax.

Linking Your Accounts

Mint will then prompt you to start linking away! This means bank accounts, credit card accounts, PayPal, you name it.

They provide some common ones as easy clickable options, but you can search for your specific banking institutions, as well.

mint accounts

When you choose a bank or account, Mint will redirect you to that institution’s log-in page, where you’ll log-in using your username and password for that site.

This is a little time consuming depending on how many you choose to add, but you only have to do it this one time and then you’re all set! It’s worth it.

Beyond banks and credit cards, Mint will walk you through your endless options for linking all your various accounts and services to Mint.

You can add Zillow in order to keep track of the value of your home and Kelley Blue Book to track the value of your car.

Before you know it, you’ll have all of your accounts, income, investments, and assets all in one neat and tidy location.

mint accounts

This gives you the full scope of your financial situation and allows you to make adjustments accordingly… or celebrate how awesome you are when money is flowing just the way you want it to.

The first download of all your information takes a little bit of time, but after that, Mint automatically updates for you. It will also categorize everything for you so that you have access to an easy, digestible breakdown of all your accounts.

Truly, the initial set up is the “hardest” part of this process. After day one, Mint is going to manage your money for you. 

Setting Financial Goals

Let’s say you want to buy a house.

Mint will help you calculate exactly how much you can afford to spend, while also taking into consideration factors like mortgage rates and down payments. Basically, Mint crunches the numbers so that you don’t have to.

So, if your goal is to buy a house, Mint provides you with all of the financial information you need to know exactly how to achieve that. 

budgeting with mint

Alternatively, you might be looking to pay off debts or save for retirement.

Since you can now manage all of your credit cards and loans in one place, you’ll have quick and easy access to exactly how much you have left to pay off and how to effectively manage your payment strategy.

With Mint’s helpful breakdown of how much money you’re spending in each area of your life, you can also adjust your spending to help you save for goals like retirement.

You’ll have a running tally of your income and monthly expenses, allowing you to determine just how much you can afford to set aside.

It will also keep tabs on how your savings and retirement accounts are doing.

Creating a Budget

Mint’s most handy feature (or, I guess, scariest, depending on how you look at it) is how it automatically breaks your spending into “categories” for you.

I say “scary” because maybe I don’t necessarily want to know how often I spend $300 at Target.

But, luckily, it just shows you a total. It doesn’t tell you how much of that $300 was toilet paper and groceries vs copious amounts of scented candles. That knowledge is just for me, thank you very much.

I digress.

The point is, Mint breaks down your Target trips, your gym membership, your fill ups at the gas station, and any other day-to-day spending into categories like “Shopping,” “Fitness,” and “Gas & Fuel” so you can see exactly how much you’re spending on each thing.

You can also easily create your own categories.

create a budget with mint

If Mint doesn’t automatically recognize a charge — for example, a trip to the nail salon — it will take its best guess. If it gets it wrong or you want it labeled as something else, you can easily change it.

This allows you to manage your spending habits and take note of where you would like to spend less.

Any money you save in certain categories can then be redirected to more beneficial areas of your life! Starting a budget on your own can be hard — Mint makes it easy and does most of the heavy lifting for you.

Welcome to Your New Financial Life

This is just a drop in the bucket of all Mint can do to help you manage your financial life.

In today’s fast paced world, you need information at your fingertips, baby! And that’s what Mint is trying to do. 

The more information you have, the more successfully you will be able to manage everything having to do with your finances.

When it comes to money, there’s nothing worse than an out of sight, out of mind mentality.

Mint puts all the information in front of you so that you always have a plan.

Whether you’ve got thousands in savings or debt to resolve, Mint lets you strategize more effectively.

You’ll be able to see how you’re doing at any given moment, adjust your game plan accordingly, and keep working your way toward ultimate financial freedom.

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