FILE – George Washington’s portrait appears on the U.S. $1 bill, March 13, 2023, in Marple Township, Pennsylvania. The Congressional Budget Office announced on Friday, Dec. 15, that it expects inflation to nearly reach the Federal Reserve’s 2% rate. According to the latest economic forecasts for the next two years, the target interest rate will be set in 2024, as overall growth is expected to slow and the unemployment rate to rise in 2025. (AP Photo/Matt Slocum, File)
(NewsNation) — Mint, long respected as the best free household finance app, will be shutting down in January 2024.
Intuit, which owns Mint along with other popular money management platforms like Quickbooks and TurboTax, recommends that current Mint users transfer their data to Credit Karma, which is also owned by Intuit.
However, this may not be the best option for all users. Credit Karma does not offer the same budgeting tools in Mint.
Credit Karma does not offer a budgeting tool that allows users to set monthly budgets and allocate budgets by category, a favorite feature of Mint users.
Mint allows users to connect their spending accounts to the service, which simplifies spending tracking by automatically categorizing purchases as restaurants, groceries, or bills.