Quicken vs Mint
Managing your finances has never been more important than it is in the current economic climate. If you’re looking for an app to help you streamline the whole process and get to grips with your money, you’re spoilt for choice. Two of the most well-known and highly regarded finance apps are in fact made by the same company, although they offer rather different features. Let’s have them battle it out and see who wins in the Quicken vs Mint fight for supremacy.
Mint vs Quicken: Which One Is Right for You?
Firstly, their target audiences are somewhat different. Whereas Mint was designed to help you keep an eye on your spending from one day to the next, Quicken is far more about playing the long game with investment tracking and long-term spending analysis. In terms of suitability for your needs, the winner of Mint vs Quicken depends on your financial situation and intentions.
The battle of Quicken Online vs Mint starts with the all-important consideration of user accessibility. There’s an obvious difference between the two apps right off the bat. Whereas Mint is primarily app-based in its function, Quicken is designed for use with your desktop computer. In fact, the Quicken app is only really a companion program to the proper desktop version. These differences ultimately stem from the contrasting purposes of the two apps. Mint is meant for everyday use so you can check your spending habits and react to them and learn from them straight away. On the contrary, Quicken is for helping you monitor your investments and analyze long-term trends in your behavior. You’ll need to sit down and focus to do this, hence the desktop-oriented approach. For pure ease of use from the point of view of this being an app battle, Quicken Online vs Mint ends round one with Mint crowned the victor.
This Quicken vs Mint review can only be worth its salt if it takes into account the important factor of data security. There’s nothing more valuable than your account information so the results of this round could be a deal breaker. These two apps differ in their approach to security.
Mint uses cloud storage whereas Quicken employs your own computer’s hard drive. Storing information on the cloud can be risky, but Mint uses the same kind of encryption methods as your bank probably does. This makes using Mint no more unsafe than having an online banking account, something which millions of people do. Quicken, on the other hand, will be safe enough to use as long as you take good care of your own computer security using proper practices when surfing the net and installing the latest updates for your antivirus software. This Quicken vs Mint review humbly declares this round drawn. Both apps are suitably careful with your data, much as you would expect from two apps made by the same developer. This one depends on your personal preference. But let’s look at the Mint features in more details now.
Pros of the App
- Easy to use. Mint has a pretty simple setup process and the design makes it easy to navigate the app and manage your accounts.
- A lot of handy options for using tabs structure.
- Available balance and spending alerts.
- Visualized information on you expenses in the form of charts and graphs.
Cons of the App
- The app can rename your merchants and give them strange names.
- Limited options for investment and savings accounts.
Quicken can do everything Mint does, but it also lets you focus on the future by helping you to make plans. The major difference between the two is that Quicken lets you transfer funds between your various accounts. Mint simply cannot do this. If you don’t mind that it’s primarily a desktop app, Quicken wins this round hands down. Let’s take a look at Quicken pros and cons now.
- Strong portfolio management. The app allows you to manage multiple finance portfolios with stock quote updates.
- For banks that support it, you can write checks directly within Quicken’s Bill Pay service.
- It is one of the more robust budgeting tools.
- Some users have complained about synchronization issues in previous editions, though it’s mostly financial institution specific.
- You have to purchase a desctop version and sync in with your mibile device to actually use it on a smartphone.
Consider the results of this hard-fought Quicken vs Mint battle before you plump for one app or the other. Think about which one suits your needs best, and compare and contrast their features using the findings above as well as your own investigations.