Quicken vs Mint | Which Financial Manager Trumps the Other App?

 Quicken and Mint, both names carry immense stature in the world of financial managers. Both applications boast excellent reviews and a satisfied consumer base. Moreover, the Quicken vs Mint collision has been a hot topic amongst netizens for long.

Now here we are to provide a bird’s eye view of the everlasting debate. In this blog, we cover the features that define the applications. We also cover what puts them in the same bracket. The final section is our take on the discussion. So read till the end for enhanced clarity.

 

Features and Benefits - Quicken vs Mint

Quicken

Quicken is the older counterpart in this comparative study. This app has been doing rounds in the market since 1983. This gives it an edge in the department of experience and debugging. However, this veteran runs on a subscription and costs a few bucks to unlock its potential.

Some of the most attractive features include:

·        It is a desktop program, and supports offline working;

·        Adorned with the feature of bill payment;

·        Comes with a retirement planner and also a tax planner;

·        Assists with accounting and property management;

·        Provides an option to create helpful tax reports.

Mint

The younger competitor came to the forefront in 2006. It is fast and comes equipped with the latest features. There are options to sync banking and credit card accounts at once. However, the key benefit of this application is that it is free.

The main features of this free financial manager include:

·        Option to track the net worth of the operations;

·        Ability to understand progress toward goals.

 

Similarities - Quicken vs. Mint

This section is inevitable since both applications are functioning in the same domain. However, most of the common functionalities are pretty basic (and effective). Let us have a look at the common features between the competitors:

·        Both financial managers offer the option to link external accounts;

·        You have the facility to watch your balance and understand the net worth;

·        There is another option to track all your income, as well as to categorize them;

·        Also, there is a manual option to add transactions. This helps to enhance the accuracy of the books;

·        You have the reliable Debt Payoff Tool at your disposal;

·        There is also a bill reminder present in both applications;

·        You can keep track of investments across all accounts using the competitors;

·        Additionally, there is an option of free credit score monitoring for both managers;

·        Finally, you get the option of customized alerts in both.

 

The Final Verdict

Both applications arrive with a variety of features. Also, they both have different qualities even though they exist in the same dimension.

Quicken is more robust and has the option of offline functionality. Additionally, it comes with a reliable desktop application. It is also the first choice for professionals. However, users need to pay a subscription fee to use this software as a service. Quicken tackles this by providing multiple options to choose from. There are a wide variety of plans, fit for businesses of all shapes and sizes. On the other hand, Mint provides all basic features, along with a few advanced features, free of cost. However, certain advanced functionalities are unavailable. But, it is unfair to expect them from a free application. Additionally, Mint has superior portability. The application’s data can also be accessed from anywhere. This software in turn is an excellent choice for households, startups, small businesses, etc.

 

To sum it all up

The Quicken vs. Mint debate is hardly near its end. Both financial managers have benefits of their own. Furthermore, many features are common between the two. However, the decisive factor becomes the payment associated with the applications. If you are someone with capital but, and looking for a robust manager that is secure, opt for Quicken. If you are running on bootstrap and looking to get quality for free, then Mint is the way forward.