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What is Mint Budget Tracker and Planner?
Intuit Mint is a free personal finance app that lets you manage your personal finance from a single place. Its easy-to-use interface makes it easy for financial planning, categorization, expenses tracking, and bill reminders.
The updated feature within the app allows you to track your credit score. Now, we all know the need for a credit score -a loan. With this app, you keep track of your credit score and optimize your finances to help increase your credit score.
Introduced in 2006, it was purchased by the software giant Intuit in 2009. Since then, it has acquired over 27 million users and more than 873,700 ratings on the App Store and Google Play.
Moreover, it earned a primary spot on Forbes Advisors’ Best Budgeting App of 2021.
What is Mint so famous for persona budgeting?
Mint automates your budgeting process for all kinds of expenses and helps you find different ways to save and set aside money towards future goals. It’s available on all devices (Web, Desktop, and Mobile); hence you can sync and access your data from any place at any time.
Although this app is free, you’ll often be bombarded with in-app advertisements, which you can avoid by paying $0.99.
Let’s take a look at the features of the Mint app.
- Keep all of your spending and financial accounts in one place, including account balances, monthly expenses, credit score, credit report, net worth, and more.
- Mint ensures data safety thanks to its multiple safety measures, like secure 256-bit encryption, multi-factor authentication, security scanning with Verisign, and touch ID mobile access. It keeps your credentials and financial data private.
- Monitor your cash flow by tracking expenses and income and receive alerts when you’re close to going over budget.
- Track your IRS Tax refund by managing records of refund status and data estimate.
- Apply for a refinancing loan in Mint itself and get an accurate rate in just eight minutes.
- Receive financial accounts and budgeting tips from the experts.
There are only a handful of reliable budgeting apps in the market, and Mint ranks as the best free budgeting app amongst them all.
How to get started with Mint
You can get started with budgeting in Mint by either downloading the app on your mobile or accessing it on the web. All you need to provide is your email address, password, and location.
Start with connecting and synchronizing your bank accounts (Mint is linked to major or minor financial institutions). Then, establish your account by creating a budget (Mint will provide a sample budget for a few categories based on your spending history). From here on, you can start tracking your incomes and expenses.
Why is it a good idea to delete your Mint account?
Although Mint is a convent budgeting app, many users complain about problems with synchronization.
- Mint has trouble connecting to certain smaller banks or credit unions. Obviously, this impacts the app’s usability since data can go days without being updated.
- The ads are intrusive and can be a nuisance for users who don’t wish to pay $0.99 for an ad-free experience.
- The report generation is minimal. You can only generate a report by exporting a CSV file.
- You cannot import your data from Quicken into Mint.
- Moreover, you cannot reconcile your monthly bank statements.
Mint is an excellent app for beginners and intermediate at best, but you cannot do more with this app. Remember, it’s free! Like every other free app, Mint lacks complex yet vital features that are only available to premium users.
If you wish to delete your Mint account, this guide is for you.
What happens when you delete your Mint account?
- All your transactions associated with Mint will be deleted.
- If you have any sub-account on Mint, it will also be removed as well.
Note: You cannot delete your Mint account from the Mobile App. You will need to follow these steps in your web browser. Mint account is handled by Intuit, so for deleting your Mint account, you’ll have to delete your Intuit Account.
Before Closing Your Mint Account
We strongly recommend you download your data before closing your Mint account.
Important: Once you request downloading your data, you cannot delete your account until your data is ready for download, which might take up to 45 days.
- Visit Intuit Account Manager and log in to your Mint account.
- Scroll down to the bottom of the page, and click on the Continue option right next to Download your Intuit data.
- Click on Continue at the bottom right.
- Again, click on the Continue button at the bottom.
- Make sure to select Mint under Your Intuit Products and click on Continue at the bottom.
- Enter your Mint/Intuit password, and click on Continue.
Note: You will receive an email from Intuit once your data is ready for download, follow the instructions as given. It can take up to 45 days to make your data available for download.
Steps to Delete Mint Account
- Visit Intuit Account Manager and sign in to your account.
- Select Data & Privacy from the left pane of the page.
- After that, click on Continue right next to Delete your Intuit data.
- Click on Make a delete request button.
- Click on Continue at the bottom.
- Make sure only Mint is selected under Your Intuit Products heading. If other Intuit products like TurboTax and Quickbooks are selected, their respective accounts will also be deleted.
- After that, click on Continue at the bottom right.
- Now, mark the “I understand what’ll happen after my data is deleted and I want to send this request.” checkbox, and click on Continue.
- At last, enter your password and click on Delete this data button.
You will receive an email from Intuit confirming your account closure request. Intuit will update you through email, once your account gets deleted.
If you want to cancel your account deletion, then you can do it within 72 hours by going into your Intuit Account in the Data & Privacy section.
How to delete a linked bank or credit union in Mint
This is one of the first things you’d want to know about deleting from your Mint app.
Remember, if you delete a financial institution, it’ll permanently remove every sub-account and its data, including all transactions. You can reverse this action!
Here’s how you can delete a linked account.
How to delete a linked bank or credit union from the Mint app (Mobile)
- Step 1: Open your Mint app and select the gear icon located in the top corner.
- Step 2: Now, select ‘Accounts‘ and tap the financial institution you’d like to delete.
- Step 3: For Android users, select the three-dot menu in the top corner and then tap ‘Delete Account.’ For iOS users, directly select ‘Delete Account’ in the bottom right corner.
- Step 4: Next, tap on ‘Delete‘ or ‘Yes, Delete‘ to confirm your action.
How to delete a linked bank or credit union from the web interface
- Step 1: Open www.mint.com and sign in to your Mint account.
- Step 2: Select Settings from the black bar at the top of the dashboard.
- Step 3: Select the financial institution you want to delete and then tap the gear icon.
- Step 4: Now, tap on ‘Delete.’
- Step 5: Type “DELETE” into the field to confirm your action.
Alternatively, if you want to delete some, but not all, of your accounts with your bank, you can hide the individual accounts or mark them as inactive.
How to delete a Mint account for someone who died
The Mint budget app contains sensitive information, including your linked bank accounts, income sources, and financial reports; hence it’s a good idea to delete the Mint account for someone you have access to. Here is how you can close a Mint account for someone else.
- Use shared account information to follow the steps above
This is only applicable for a joint Mint account such as your spouse. Even if your spouse passes away, you already have the login credentials you would need to delete their account.
Deleting your spouse’s account is the same as deleting any Mint account. Please follow the steps mentioned above.
- Contact Mint Support Team
If you don’t have access to your loved one’s Mint account, you can consider contacting the Mint support team.
To delete their account, you’d need to gather and provide identifying documents, including a copy of the death certificate.
Mint should be able to help you delete someone else’s account permanently with just a few steps.
How do I delete my Mint data?
The data stored in your Mind account is vital and can compromise your privacy if accessed by someone else. To make sure that you manage your data safely, your Mint account linked with Intuit allows you to delete your data within the app.
Do remember; once you delete your Mint data from your Intuit account, you can only undo it within the 72 hours window, after which you’ll no longer be able to cancel the request.
Here is how to delete your Mint data.
- Step 1: Sign in to your Intuit account (Same as your Mint login details).
- Step 2: Once logged in, select ‘Data Privacy’ or ‘Privacy.’
- Step 3: Continue through the screen, and then select to ‘delete your Mint account’ (so your TurboTax data isn’t affected).
- Step 4: Answer all the security questions until your receive the prompt ‘Send your request screen’
- Step 5: Enter your Mint password and select ‘Delete this data.’
This will clear all of your Mint data.
How do I reset my Mint account?
There are instances where you’d want to start over with a new Mint account. Instead of deleting your account or current data, you can continue with resetting your account while using the same login credentials.
This can be a great idea if you’re returning to Mint after not using it for some time and wanting to reset what’s in your account.
However, Mint does not provide a reset button for resetting everything all at once. Here is how you can reset your account.
Step 1: Delete all of your bank’s accounts.
Please follow the instructions provided above for deleting financial institutions.
Step 2: Delete your hidden account and inactive accounts.
- Launch the Mint app and go to ‘Settings.’
- Select ‘Accounts’ and then tap the account you’d like to deactivate.
- Tap the pencil icon located in the right corner.
- Select the drop-down menu under ‘Status,’ and then select ‘Inactivate.’
- Scroll down and select ‘Done.’
Step 3 -Proceed with deleting all your budgets.
From the mobile app.
- Open the app and select ‘Monthly’ from the bottom menu.
- Select the current month’s ‘Budget’ if you’re on Android and ‘Expenses’ if you’re on iOS.
- Tap the pencil icon and tap the trash can icon or ‘Delete.’
- Confirm your action by pressing ‘Delete.’
From the web interface.
- Sign in to your Mint.com account and select ‘Budgets.’
- Hover your mouse over the budget you want to delete and select ‘Edit Details.’
- Select ‘Delete this budget.’
Delete a goal in Mint
Mint allows you to set up your financial goal, such as paying off debt, saving for retirement, saving goals, or buying a house.
Setting up goals is relatively more straightforward on Mint. Select the ‘Monthly’ section and scroll down to Goals to create goals. You can create as many goals as you want.
If you have completed a goal and would want to delete it from the list, this is how you can do it.
How do I delete a goal in Mint from the mobile device.
- Step 1: Open the app and select the ‘Monthly’ section.
- Step 2: Scroll down to ‘Your goals’ and tap on the goal you’d want to delete.
- Step 3: For iOS device users, select ‘Edit’ and then tap on ‘Delete goal.’ For Android users, select the three-dot menu and then tap on ‘Delete.’
- Step 4: Select ‘Delete goal’ to confirm.
How do I delete a goal in Mint from the website
- Step 1: Sign in to Mint.com and select ‘Goals’ from the top menu.
- Step 2: Select the goal you’d want to delete.
- Step 3: Tap on the goal and select ‘Delete this goal’ under the thermometer.
- Step 4: Select ‘Okay’ to confirm.
Frequently Asked Questions about Mint
Here are answers to some frequently asked questions in the Mint community.
Why is my bank account ‘Closed’ or ‘Inactive’ in Mint?
If one of your bank accounts in Mint has gone missing, it will be marked closed or inactive. There are few reasons for it.
- Your account is no longer active/available at your bank’s website.
- Your account is migrated to a more secure connection.
- Your bank has limited third-party access to your financial data.
- Your bank temporarily suspended or locked your account.
- Your account number changed because you were issued a new credit card.
Can I link multiple Goals to one account?
Not really; you can only have one goal linked to any bank account.
I can’t add my bank to Mint.
If Mint supports your financial institution, but you cannot add it., this is how you can solve it.
Submit a request form with the Mini support team with the following information.
- Name of the bank.
- URL of your bank.
- The specific error message you received when trying to add the bank.
- Security requirements including image verification, additional security questions, etc.
Currently, Mint only supports banks in the US and Canada.
Can I use Mint without adding a bank?
No, at this moment, you can only use Mint if you have access to your bank account online.
Is the credit score on Mint accurate?
It’s pretty accurate because Mint acquires credit reports and credit scores from the three major consumer credit bureaus (CCB). You will usually see credit scores from FICO Score or VantageScore.
How to cancel Mint Credit Monitor
Mint Credit Monitor feature assesses your finances to keep a daily check on your credit score and send essential notifications about credit ratings.
You can cancel your subscription by calling Customer Service at 1-866-373-730 or 1-66-373-7830.
Alternatively, you can email firstname.lastname@example.org and ask to cancel your account or cancel your account via Live Chat.
Is Mint safe to use?
Yes, Intuit employs security measures that include 256-bit encryption and multi-factor authentication to ensure your personal and financial information is kept safe.
Can I delete a Mint account without an email or password?
It’s not possible to delete your Mint account without either an email or password; however, you can close out someone else’s estate if you can prove that you’re an authorized person by submitting relevant documents.
How can I edit a Goal?
You can edit a Goal by visiting the Goals tab. Tap on the goal you wish to edit. Once you do that, you’ll find a box in the upper right corner that says edit the goal.
What is a Budget in Mint?
A budget is a projected sum of spending within a certain period. In Mint, you can set your budget as ‘monthly spending goals’ under any budget categories (Utilities, Groceries, etc.) and monitor your progress to maintain a healthy cash flow overview.
Can I set up a budget for a future month or edit the previous month’s budget?
At this moment, No. Mint does not offer an option to edit your future or previous month’s budget.
Can I set up bill reminders?
Yes, Mint monitors your bills, bank accounts, atm transactions, and credit card debt to keep you updated about the payable bills.
You can also set up upcoming bills reminders by tapping on the gear menu above the ‘Bill reminders section’ to find a blue ‘add reminder’ button. Tap the button to add custom reminders.
What does Mint work with TurboTax?
Mint helps you jump-start your taxes by importing them into TurboTax. Certain ‘1099 tax documents’ for the financial institutions you’ve linked to your Mint account will be identified, and you can choose to import them.
The 1099 tax documents include:
- 1099-INT (for bank account interest)
- 1099-DIV (for dividends)
- 1099-B (for stocks/investments)
- 1099-R (for retirement income)
- 1099-OID (for buying a discounted bond or note)