Comments on: Mint finally launches

By: Ryan

Ryan — Thu, 20 Sep 2007 20:49:27 +0000

But, I am still too afraid to give a 3rd party my credentials, which is another reason I won’t be using it anytime soon.

By: Ryan

Ryan — Thu, 20 Sep 2007 20:44:33 +0000

Hey Adam, thanks for confirming the different uses. I’ve been thinking more about it and I was too down on Mint yesterday. It is really awesome to be able to get all of your data automatically, without uploading anything. The idea is obviously great, and Mint has come up with a very nice solution. I realized I’m not their target customer probably, at least until they support account types beyond bank and credit cards. We always come back to the famous (at least in PF software circles) quote:

“The majority of consumers who buy computers claim that personal finance management is one of the top three reasons they are purchasing a PC. They’ve been claiming this for more than a decade. But only somewhere around 2% of consumers end up using a personal finance manager (”PFM”), with Intuit Quicken and Microsoft Money dominating the market. Both products have been around for — you guessed it — more than a decade. This dramatic disconnect between consumer demand and actual market penetration is mind-boggling.” (source)

I’m one of the 2%, so that’s why Mint isn’t so much for me. Their target is the other 98%. That’s a big market

By: AdamD

AdamD — Thu, 20 Sep 2007 19:52:33 +0000

I had been patiently waiting for it for awhile, too. When I tried it a few days ago, it was buggy and slow. Today, it’s working better.

What excites me about it is that it makes the connection to online banking. I really didn’t like uploading spreadsheets to Wesabe, so I didn’t use it.

But you’re right that it’s very different than NetworthIQ. I will use them very differently.