Technology.am (Aug. 19, 2009) — Mint.com is adding new features to provide its users an easy and secure way to manage and save money online. The site extracts transaction information from your all financial accounts and shows report in an easy format.
Mint already had some budgeting features before the new update. The new update includes the ability to set up and manage specific budgets for categories of purchases, monitor the overall effects of budget changes, budget for specific expenses such as taxes, and track all of these budgets in real time.
Users are now able to distinguish between personal and business accounts to help separate their associated expenses. It updates accounts every night automatically.
With this update, Mint is also pushing its users to transfer their dormant 401k accounts in to rollover IRAs through its “Ways to Save” feature, claiming that the action will result in an additional $65,000 in savings when retirement rolls around.
For security, Mint.com logs you out of your account if it is inactive for 10 minutes.
Setting up financial accounts on Mint.com is very easy, and currently over 7,000 U.S. financial institutions work with Mint.