This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:09:45
The video discusses the news of Mint.com closing and migrating accounts to Credit Karma, prompting mixed reactions from Reddit users. It highlights Empower as a comprehensive alternative to Mint.com, offering tracking and investment features. Alternative budgeting apps like Tiller and Simplifi are introduced for users seeking data control, with costs mentioned. Other tools like Monarch and Quicken are also discussed for varied budgeting needs. Viewers are encouraged to share their favorite budgeting apps, with financial freedom stressed as the ultimate objective.
00:00:00
In this segment of the video, the speaker discusses the news that the budgeting app Mint.com is closing and migrating its accounts to Credit Karma. Reddit users express mixed reactions to this move, with some citing flaws in the migration process. The video then offers five alternative budgeting apps, with the first one highlighted being Empower. Empower is described as a free, web-based budgeting app with tracking and categorizing features similar to Mint.com. It also offers the ability to track investments, bills, and net worth, making it a comprehensive alternative to Mint.com.
00:03:00
In this segment of the video, the speaker discusses alternatives to budgeting apps like Mint.com for those who prefer controlling their data. Tiller is presented as a solution where users link their accounts to Google Sheets and download transaction data and balances. Tiller offers templates like the foundation template for budgeting and tracking categories, allowing for manual input and auto-categorization. The speaker highlights a learning curve but praises the support and community around Tiller. The cost is mentioned at $79 per year. Simplifi is recommended for smartphone users, offering budgeting on the go for $2.99 a month, with features like goal-setting and investment tracking.
00:06:00
In this segment of the video, the speaker discusses various budgeting tools, including Monarch, Quicken, and Simplify. Monarch is highlighted for its user-friendly dashboard, goal setting, and calendar view features. Quicken is mentioned as a more traditional software-based solution for budgeting, offering options for both PC and Mac users, with different pricing tiers. The speaker emphasizes the benefits of Quicken for those who prefer a non-app-based budgeting tool. Links to all mentioned tools are provided below the video for further exploration.
00:09:00
In this part of the video, the speaker discusses various budgeting apps, mentioning Credit Karma, some free options, and reasonably priced apps. They invite viewers to share their favorite budgeting apps in the comments. The speaker emphasizes the importance of financial freedom as the ultimate goal.