Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company’s decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement.
Here’s what the news means for consumers and what to consider when choosing a new budgeting service.
What is Mint?
Mint, acquired by Intuit in 2009, is a free personal finance app. It has long been one of the most widely used and highly rated budget apps. Mint links to nearly all types of users’ financial accounts, such as credit cards, investments and loans.
Mint’s loyal following has gravitated toward its comprehensive features, including the ability to review spending, track net worth and personalize goals and budgeting categories.
What’s happening to Mint?
In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.
While several Mint features will live on in the Credit Karma app (such as spending and net worth tracking), setting monthly budgets and customized categories won’t make the cut. It’s unclear whether these capabilities might move over eventually.
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