Hardbacon offers a similar product when it comes to budgeting, but stands apart for its planning and products recommendation features. Mint is a good platform for those whose needs are limited. However, the budget application is available in English only, unlike Hardbacon, which is available in both of Canada's official languages. Introduced to Canada in 2010, is compatible with most Canadian banking institutions. This feature, which Mint unfortunately does not offer, allows for much more accurate statistics without having to spend hours changing categories. As a result, Mint users will have to re-categorize each transaction manually, while Hardbacon users can make the switch in one fell swoop. In fact, while it is possible to link investment accounts to Mint, transactions and positions are inaccessible from the application.ĭisappointingly, Mint does not make a prediction based on your spending behaviours, unlike Hardbacon, which is able to warn you if your current spending habits risk causing you to exceed your budget allocated to one or more expense categories.Īnother disadvantage of Mint over Hardbacon is that Mint does not allow a category change to be applied to all transactions (past and future) related to a merchant or source of income. Since Mint is a budgeting app, its functionality is limited to bank accounts. Another cool feature of Mint is the ability to set up bill payment reminders. Mint is highly regarded by users with a 4.7 rating on the App Store and a 4.5 rating on Google Play. With Mint, you can also add a personalized note to each transaction. One of Mint’s advantages over Hardbacon is its ability to split a transaction (for example, if you bought food and medicine at the pharmacy), so as to refine the expense allocation category. Like Hardbacon, Mint allows its users to link their bank accounts and credit cards, in order to keep track of all their transactions. Mint provides very practical tools to help people manage their personal finances, especially at the budget level. In an email to subscribers, Mint Mobile said there are no plans to change the service’s 15 per month pricing. Mint Mobile announced in March 2023 that it was being acquired by T-Mobile for up to 1.35 billion. In this review, we will compare the two applications that, although different, each have their advantages. The service runs on T-Mobile’s network and utilizes its cell phone towers, including 5G at no extra charge. However, in 2020, the app pivoted toward budgeting, making it a direct competitor to Mint. Little has changed since its acquisition over a decade ago, and it now has many competitors in the very busy budget application niche.Īs for Hardbacon, it was launched in 2018 in Canada, and was initially targeting self directed investors. The app quickly became popular, so much so that in 2009 it was purchased by Intuit for the tidy sum of $170 million. There are so many things I love about this app. Mint was launched in 2007 in the US, and is the grandfather of all budgeting apps that link to bank accounts. The ability to budget monthly and monitor my credit score as well as account balances is top tier.
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