Budgeting is essential these days. By keeping a budget, not only are we better able to live within our means, but we’re also more likely to stay on track with our long term financial goals, like paying down debt or saving for a down payment on a house.
In light of Mint’s recent announcement that they’ll be shuttering on January 1, 2024, you might be looking for the best alternative to help you on your budgeting journey. In this article, we’ll cover some of the differences between Goodbudget and Mint to help you decide if Goodbudget is the right option for you.
What is Goodbudget?
Goodbudget is a budgeting app for iPhone, Android, and the Web. It uses the time-tested and familiar Envelope Budget method.
With Goodbudget, you’re able to create a budget that works (if you haven’t already!), share that budget across multiple devices, save for big expenses, pay down debt, and more!
Goodbudget vs. Mint
Here’s a quick breakdown of some of the features you might be looking for.
Similarities
Feature | Goodbudget | Mint |
Automatic Bank Sync | Y (Premium) | Y |
Goal Tracking | Y | Y |
Manual Transaction Entry | Y | Y |
Robust Reporting | Y | Y |
Share Budget Across Multiple Devices | Y | Y |
Progress Bar | Y | Y |
Suggested Budget Categories | Y | Y |
Negative Balance Carryover | Y | Y |
Track Non-Monthly Budgets | Y | Y |
Multi-Currency Support | N | N |
Debt Tracking | Y | Y |
Mobile apps | Y | Y |
Free Plan | Y | Y |
Bill Pay | N | N |
Desktop app | Y | Y |
Differences
Feature | Goodbudget | Mint |
Ads | N | Y |
Sells Your Data | N | Y |
Envelope Budgeting | Y | N |
Split Expenses into Multiple Categories | Y | N |
Full Envelope Customization | N | Y |
Account Transfers | Y | N |
Envelope Transfers | Y | N |
Reconcile Accounts | Y | N |
Manual Import | Y | N |
Track Investments | N | Y |
2-Factor Authentication | N | Y |
Cute Mascot | Y | N |
Create Scheduled Transactions | Y | N |
Track Cryptocurrencies | N | Y |
iPad app | N | Y |
Who should try Goodbudget?
Goodbudget utilizes the time-tested Envelope Budget method and is a great option for folks that want more control of their finances. By creating Envelope categories, you’re able to craft a budget that prioritizes your saving, spending and giving needs. Fill your Envelopes with your available income, and then stop spending when the Envelope is empty. Doing this helps you consistently accomplish long term money goals, like paying down debt or saving for retirement.
Give Goodbudget a try
Does Goodbudget sound like the program for you? Give it a try now.
4 thoughts on “Looking for a Mint alternative? Try Goodbudget.”
Can you please get Multi-Factor Authentication on the roadmap ASAP. This technology is absolutely essential in today’s age as passwords alone are just not good enough to keep our data safe. Thank you!
Thanks for your post! I’ve added your vote for this to our features tracker.
What is the timeline for adding the ability to sync accounts? Can this be expected within the next few months?
Thanks for your post – We don’t have an ETA on when this feature will be available. If you’d like to stay updated, be sure to sign up to our mailing list so you’ll be the first to hear when it is. You should see a sign up form above. Thanks!