At Mint, we believe in celebrating ALL of your cash wins – big or small! Every step forward is a step in the right direction and it’s worth being proud of.
To identify and honor these milestones, we asked real coin validators like you to share their stories. One of those Minters is Adam, a financial accountant who was able to pay off all of his debts with the help of the Mint app! Adam, we are so inspired by your story. Check out his # EmpowerMint trip below:
While I had a solid understanding of personal finances from studying accounting, I always struggled to implement set habits. When I started running into a decent amount of debt, I really delved into my financial well-being. When my wife and I were looking for ways to address our debt, we stumbled upon the Mint app. After downloading the app, we became even more interested in learning more about better spending habits, efficient budgeting, and planning for the future rather than just the next paycheck.
Initially we used Mint as a finance app that houses all of our finances. We didn’t start using it regularly until 2020 when we decided to attack our debt more aggressively. It became a much better way of keeping track of what’s outstanding and what’s paid for. After using Mint on a daily basis, we were able to achieve our financial goal of getting rid of our debt (a few months ago in March 2021), which was by far the biggest financial milestone we have reached together. Our total debt was just under $ 32,000, and with the help of Mint, we were able to pay it all off in 15 months.
By using Mint, I was able to increase my full potential Net worth by nearly $ 70,000 in just one year!
These days I continue to use Mint regularly and check it 3-4 times in an average week. After we have all of our debts paid off, I use the app to make sure that all of our expenses are properly categorized in our budget, track our net worth, and make sure we are meeting our financial plans and goals. Also, my wife and I set a billing cycle budget every two weeks to make sure every dollar is accounted for. The tracking function in Mint is perfect for this, because instead of having to go through our bank transactions manually, I can quickly check our expenses in the app and make sure everything is correct. Mint also makes it super easy to find out if something is wrong or an issue has arisen that we did not plan.
We have also set some new goals, such as: B. Saving for an emergency fund and a house down payment. These accounts are kept in an online savings account that is separate from our regular bank, so it’s much easier to just log into Mint and see everything there instead of having to jump back and forth between different websites. The Goals feature is also a fun way to get better at saving, and we’ve taken on the challenge of “saving $ 5,000 in 12 months”.
Today, with so many different banks, credit cards, investment accounts, and more, personal finance systems can be complex. Having them all seamlessly in one place relieves stress and makes it easier to understand your holistic financial picture. For example, when a payment is due, Mint sets a reminder and that really helps us keep track of things.
The Mint app has really improved lately and makes it even easier to take control of my finances. If there are users who don’t have the app, I highly recommend it.
Annemarie Belda (17 posts)
Annemarie Belda is communications manager at Intuit Mint. Her passion is helping readers achieve their financial goals, from opening a savings account to gaining financial freedom.