Mint vs. Quicken Online

I took a quick look at Mint and Quicken Online to see which one would work best to manage my finances. They are both good, but the first thing to take into consideration is the fact that Mint is free while Quicken is not, charging $3 per month. Mint makes their money by making referrals to bank and other financial services offers.

Mint was the first one I tried. Like Quicken, it was pretty easy to use and had a nice dashboard that shows your finances at a glance. Other than its price, the main plus for Mint is that it simply offers more features than Quicken. Budgeting and split transactions, for example, are not currently offered by Quicken Online. I also really like the weekly e-mails they send with a summary of new transactions.

I decided to take a look at Quicken Online after doing my taxes in TurboTax Online, which I thought was awesome. Not surprisingly, then, Quicken Online was very easy to use and got the job done. But, considering that it’s not a free service, the lack of a budgeting capability is a major drawback.

In summary, both tools are good, but for now Mint is clearly the winner. Quicken Online simply does not offer enough benefits to justify a monthly investment.