Mint.com

The ability to access your financial information in consolidated form from anywhere. This is what Mint.com does for its members. Mint.com looks at your financial picture, classifies expenditures, and analyzes spending. The site takes a read-only snap shot of your online bank accounts by using log-in information you provide. Mint.com only reads the accounts it does not maintain a connection with the banks, nor does it allow you to transfer money or make adjustments through the site.

I have been using Mint.com for the past couple months as our schools proxy servers block financial software like Microsoft Money or Intuit’s Quicken from connecting with the banks automatically. However Mint.com gets around this by being a application entirely based on the web. It has not been smooth sailing all the way for me with Mint.com. About 75% of my accounts worked, and after speaking with my banks and receiving little help from the Mint.com customer service department, it is still only 75% of my accounts that work. However, for the accounts that do work, I love it. The site is easy to use, beautifully designed, and a great idea.

The site makes money through offers it can make to you through it financial partners. All the offers aim to help you save money on fees and gain money on interest. They even explain that they don’t make money off of every deal they offer you. So why use this then the other computer based software? For the same reason you use Google Docs or any other “Web 2.0″ software, you have 24/7 global access to your resources, it just makes sense.

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