Quicken Vs. Mint – A Useful Comparison

 Mint and Quicken are two popular personal finance applications. At first glance, the major difference between Quicken Vs Mint is that the former is paid while the latter is free. There are generally many differences between the free and paid versions of a finance tool. Mint being completely free and Quicken being paid obviously opens up many differences in their features and working. This post will compare both applications to determine what is truly worth your investment. 

 

What Are Quicken and Mint?

Quicken is a desktop app for Windows and Mac PCs. It can also be used as an application for Android and iPhones. This finance app allows you to track your money, create budgets, pay bills, manage investments, and track your home’s value. It’s a subscription-based software that gives people a centralized view of their finances. 

 

Mint is an online, cloud-based personal finance application. This software integrates all the financial accounts to get a clear view of your financial status. After setting it up, you can add your accounts by downloading them. Mint automatically separates them into categories. The app updates your financial information automatically when you visit the site in an intuitive interface. 

 

Major Differences Between Mint Vs. Quicken

The major differences between these two personal finance tools are as follows:

 

• Mint is a free-of-cost software, while Quicken has a price tag of up to $119.88 per year.
• Mint is an online web and app-focused platform. Quicken is a desktop program that you can use offline.
• Mint allows you to track progress toward your major goals and view your net worth.
• Quicken has features like tax planning, making tax reports, and managing accounts and property.
• You can discover your credit score using Mint. This is not possible in Quicken.
• Quicken lets you create a yearly budget, while Mint lets you know how much your expenses are in specific categories. 
• Mint suggests a budget for you to follow, while in Quicken, you can create a one or a 12-month budget.
• Quicken syncs each account with it for easy access, while Mint automatically connects your account after one day. 

 

Features Shared by Quicken and Mint

Besides having differences, there are many features that both these financial management applications share. These include the following:

 

• Mint and Quicken let you connect your banks and credit cards to the software. Using them, you can automatically import transactions. 
• Any modifications made to your account are synced to other devices through these apps.
• Mint and Quicken let you track your credit card score.
• Both software let the user know the places where they are spending most of their money through an intuitive interface.
• Mint and Quicken are available as mobile apps for Ios and Android phones.
• Using both these apps, you can find out the status of your finances in the past week. 

 

Quicken Vs. Mint – Which One Should You Choose

Both personal finance tools offer various features for efficient money management. But nothing can beat the prospect of getting all the features for free. Mint provides you exactly that. So, we will consider it better than Quicken.

 

The only issue is that you will need to bear with certain ads while using the app. It is because as Mint is free, it makes money by recommending various products. 

However, if you want advanced features like business accounting, retirement planning, and reporting taxes, it would be ideal to go with Quicken.

 

Summing up

Hopefully, you now have a good knowledge of Mint vs Quicken. Both are ideal for tracking income and expenses and helping you progress toward your savings goals. You can choose one that you think fits best with your unique needs.