intuit-mintFinancial software heavyweight Intuit recently purchased Mint, one of the hottest free online personal finance websites.

Mint provides free personal finance accounts and all sorts of services to help users balance their books, manage debt, and spend wisely. Mint launched just two years ago and by all measures has been a runaway success; earlier this year Mint jumped by 250,000 users in a matter of months—an unprecedented feat.

Intuit is the financial powerhouse behind such programs as Quicken and TurboTax. Some are critical of the purchase, noting that Intuit already has large amounts of data on how Americans use their money.

Critics also point out that while Mint generally provides a nice experience, Intuit is known for the opposite. Gotta love capitalism.

Mint gets eaten by the Borg | Felix Salmon
Quicken Online Can’t Believe Mint Is Doing So Well; Sends Threatening Letter
| TechCrunch

(photo: Ido Atlasian)

5 responses to “Intuit Eats Mint”

  1. Kevin Morton says:

    Randall: Are you using Mint? Do you like it? And what do you think its future will be? I use Macs in my practice, and Intuit has dragged its feet on releasing a Mac version of Quicken that’s any good. It doesn’t bode well that Mint is now in the paws of Intuit.

  2. Sam Glover says:

    If you are looking for personal finance software, try Moneydance. It works great on Windows, Mac, and Linux. If you are looking for timekeeping and billing software, give Freshbooks a try.

  3. Danny Johnson says:

    This past week has been a fun one in the tech sector with Mint, Omniture and Perot all being “eaten” up.

    It will definitely be interesting to follow what Intuit does with Mint. If I don’t like what I see, I will have to look to Moneydance.

  4. Bob S. says:

    Sam, what are you using for accounting (rather than timekeeping and billing). I’m using Freshbooks for my timekeeping and bills, etc., but using Quickbooks to do my banking/trust accounting, etc. I’d love to find an integrated solution (either Freshbooks > Quickbooks or full system).

  5. Sam Glover says:

    I am using GnuCash for bookkeeping and accounting, but I would not recommend it. I have experienced a series of inaccurate reports, which has wreaked havoc on my tax preparation.

    I will—reluctantly—probably be moving to Quickbooks. Freshbooks integrates well, and it should be familiar to any bookkeeper or accountant I may hire.

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