Stay on track with your money using Mint.com

Are you one of those people who hate to balance their checkbook every week? Or do you want to keep track of your spending and see where you need to cut down? Mint.com may be the solution for you.

It's a website that makes it simple to keep track of all of your spending and investments, plus it will tell you whether you have stayed or strayed from your monthly budget and financial goals.

Here's how it works:

Mint.com will automatically pull all of your financial records from any account you provide information on, like your checking, savings, mortgage, 401k and any other financial items.

Once you do that, you can view it all in one place, therefore you can get a clear picture of where and how you are spending your money. You can also create budgets based on your spending and goals.

It truly does all of the work for you. All you have to do is provide the information and Mint.com does the rest.

In order for Mint.com to do this, you have to provide your financial institution's name, account and log in information. Your money cannot be touched by Mint.com, because it is a "read only" service, which means Mint.com only has the ability to analyze your finances and gather information.

It does not have the ability to move your money in and out of any account. Plus they use the same security as most online financial services use.

Here is an example of how simple Mint.com works once you have set it up: If you go out to eat, Mint.com will automatically put the amount you spent into your restaurant category. So you can see how much you have spent in that category. Therefore, you can stay on track.

It will also allow you to set goals for each category, so you can reduce spending and if you go over that allotted amount, it will alert you that you went over the limit. It will also assign a color of green if you are on track or red if you have gone over your spending. Plus Mint.com will also alert you when bills are due.

Mint.com also has a free application to download on your iPhone.

I have been using Mint.com for years and have never had any problems with security and I have to say it truly keeps me real on how much I am spending. Plus it keeps me on top of all of my accounts. The best part is it's totally free!

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