When you have multiple financial accounts, personal money management can be a daunting task to handle. Fortunately, we are living in an era of technology where technology has made our work easier and faster. For personal finance management, there are software options available to keep track of expenses. The most popular personal finance management software are Quicken, QuickBooks, personal capital, home bank, Mint, etc. All these software options offer different features and benefits. In this blog post, we will discuss the differences between Quicken Vs Mint. Let's see which one is better in what way.
Understand the differences between Quicken and Mint
Before we delve into
any conclusion, it is necessary to study and analyze the features of both
programs.
Investment Tracking
Mint's investment
tracking is not for active investors. It is more of an investment aggregator,
combining your accounts to show the performance as a whole.
However, Quicken
provides useful investment tracking tools for homes and businesses. Apart from
viewing investing fees, users can create stock watch lists and set up and
assess their portfolios.
Budgeting
Mint Vs Quicken are both sophisticated budgeting tools. Both programs establish
a system for paying off debt that is organized, makes spending categories, and
manually adds transactions.
Mint is an online
program that can be used with a smartphone app or website. However, Quicken is
a more advanced budgeting program that includes features like a budget prediction
to protect your bank account balance.
Real estate and micro-enterprise management
Mint hardly has any
features for managing real estate and small businesses.
However, Quicken
helps in tracking assets and liabilities and keeping tabs on business
deductions, property value, rental income, and rent status. It works well for
running a small business.
Price Difference
Mint is a
non-chargeable finance management tool.
Whereas Quicken has
four different plans with different charges:
·
Quicken Starter – $41.88 per year
·
Quicken Deluxe – $59.88 per year
·
Quicken Premier – $83.88 per year
·
Quicken Home & Business for Windows users –
$119.88 per year
User-friendly features
As per the reviews
of users, the features of Mint are intuitive, allow users to track and monitor
personal finances, and are easy for them to navigate. Quicken allows users to
categorize and track income as well as expenses, yet not as user-friendly as
Mint.
Customer care services
Mint provides an
online help center, email support team, and online chat support system for
customer queries,
On the other side,
Quicken provides phone support, online chat, an online support center, and
community help to connect users for their help. These services depend on the
type of subscription user avail.
The level of detail
provided
The primary
difference between Quicken VS Mint is the level of detail each software
provides.
Mint is free
software but comes with limited features such as:
·
SMS and Email Alerts
·
Credit Score Tracking
·
Worth Report
·
Accessibility through Apple watch
·
Bitcoin Tracking
But Quicken offers
comprehensive features that include investment tracking and tax preparation and
others such as:
·
Bank statement reconciliation
·
The Inspector to see the summary of the budget
·
Retirement planning
·
Tax Reporting
·
Bill Payment
Final Words:
Mint is a free
web-based finance management tool for budgeting and expense tracking. Othe the
other side Quicken helps businesses and individuals manage their finances by
providing tools for budgeting, investment tracking, bill payments, and tax
preparation. Both software options offer a great way to manage your finances
and keep track of your expenses.
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