Skip to main content

Mint is getting new features for tracking subscriptions and managing transactions

Mint is getting new features for tracking subscriptions and managing transactions


The app is facing growing competition from banks and Google

Share this story

Image: Mint

Mint, the free personal finance app from Intuit, is receiving an update today, adding more automated features like subscription tracking and new “insights” to keep you informed where your money is spent, Fast Company reports. Mint’s new features may bring it more in line with the competition from banks and companies like Google that have been nipping at its heels with built-in budget tracking features and other services over the years.

Mint’s main function is tracking spending by automatically sorting transactions based on type. By connecting a checking or savings account, Mint can start combing through purchases to see how much is spent in categories like groceries, electronics, or gas. From there, you can create a budget by setting a limit for each category, and Mint can see when you go over or how much you have left to spend for the month. Mint’s automatic categorization isn’t perfect, but it does save time in comparison to manually labeling each transaction.

The updated Mint app for iPhone.
The updated Mint app for iPhone.
Image: Intuit

The new features in today’s update (arriving first for the iOS app) bring elements of the web version of Mint over to mobile. In the updated Mint app, users will be able to batch edit labels for transactions and view monthly spending in comparison to the previous year. Mint is also gaining the ability to automatically track subscriptions and inform users when prices go up. Intuit is also starting to integrate TurboTax with Mint, beginning with tracking this year’s tax refund. Intuit hopes to allow Mint information to transfer back to TurboTax at some point in the future to make using the software to do taxes a bit easier, according to Fast Company’s report.

These changes can seem minor, but keeping up with the features of other personal finance apps like Digit, online banks like Simple, and offerings from larger institutions like Chase or Wells Fargo is a big part of keeping Mint relevant. Competition has started coming from outside the worlds of finance and banking as well. Google’s recently revamped version of Google Pay combines the peer-to-peer payments and card wallet the app originally offered with a bunch of Mint-like features for tracking spending. Meanwhile, Apple offers tracking for spending for Apple Card owners in the Apple Wallet app.

The Mint update should hit iPhones today, with an Android release to come in “about a month.” If you’re curious about some other solid apps for budgeting, you can check out some of The Verge’s favorite picks here.

Today’s Storystream

Feed refreshed Sep 24 Striking out

External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.

Andrew WebsterSep 24
Look at this Thing.

At its Tudum event today, Netflix showed off a new clip from the Tim Burton series Wednesday, which focused on a very important character: the sentient hand known as Thing. The full series starts streaming on November 23rd.

The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.

Andrew WebsterSep 24
Looking for something to do this weekend?

Why not hang out on the couch playing video games and watching TV. It’s a good time for it, with intriguing recent releases like Return to Monkey Island, Session: Skate Sim, and the Star Wars spinoff Andor. Or you could check out some of the new anime on Netflix, including Thermae Romae Novae (pictured below), which is my personal favorite time-traveling story about bathing.

A screenshot from the Netflix anime Thermae Romae Novae.
Thermae Romae Novae.
Image: Netflix
Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.

Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.

External Link
If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.

External Link
Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker's popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it's been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.