The breakout success story in the online personal finance sector during 2009 has been Mint.com. The site allows you to track your spending and saving habits by automatically uploading statements from your banks and credit accounts and generating reports that show where the money is going.
On Monday came the news that software giant Intuit purchased Mint.com for $170 million. With 1.5 million users, Mint makes it fun and easy for people to manage their finances in the cloud. There’s even an elegant Mint app for the iPhone.
I arranged to interview Mint.com CEO Aaron Patzer at the recent Fortune Brainstorm:Tech conference in Pasadena. We ducked out of the noisy conference to an outdoor patio, so you’ll hear a fountain in the background.
Aaron discusses Mint’s main features, its growing popularity, and the site’s social media features. He’s no doubt quite rich as a result of Monday’s sale.
The economy is hitting everyone hard. And while we all fight for money, often chasing the same dollars, there’s one thing we can all collaborate on, and that’s saving money. Here are a few recommended sites, tools, and tips for saving money.
Be a gourmet for a budget: While the top site for recipes is epicurious, some blogs are going out of their way to deliver you the best dinners on a budget. I recommend you check out Frugal Cuisine, and just launched last week, the Broke Ass Gourmet, which promises that all its recipes for two cost less than $20.
Know when to refinance your mortgage: Finance rates are dropping, or they were. They just bounced back up. But there’s talk of lobbying the government to drop them down to 4% to stimulate the economy. And when the bank rate hits that rock bottom point, it’s definitely time to refinance. Just follow Bankrate.com to see up to the minute mortgage rates.
Gadgets that save money: Simple Dollar has put together a great list of the 25 gadgets that will save you money. For each gadget they give you the cost savings it offers and the time it will take for you to break even on your investment. Love the advice about getting the game “Dance, Dance, Revolution” to replace your cardio workout. Assuming $25/month gym membership fee, they calculate you’ll break even in 8 months. Continue reading →