-It combines all of your accounts (bank, credit cards, loans, ect.) into one place so you can view them all together and get a better view of you debts to assets.
-It allows you to set up a budget and automatically shows you where you are in your budget, how much you have spent, how much you have left.
-You can set up goals (like a vacation or saving for car) and it will track your progress, tell you how much extra you need to save to obtain it faster.
-It's not very good at categorizing transactions and I found I had to go through every few days and re-categorize to get an accurate portrayal of my spendings.
-If you do a lot of spending with cash then it won't show what those purchases were, only that you withdrew the money from the ATM.
-I rent my house from my parents (pay cash) and have a loan through them as well, so these expenses won't be reflected on my mint account.
It was good for a few months to get a picture of where my money was going but after awhile it got tedious and I gave up. If you already know where all of your money is going (ie. you rarely eat out, rarely spend money on anything other than bills) it won't really tell you anything that you don't already know. I found that creating an excel spreadsheet worked a lot better for me. Also, I've never had any security issues with it.
You do have to micromanage the transactions so that it's able to give you valuable information over a long period of time.
It's a great tool for tracking overall- and it's great to get a good sense of your spending and where your money is going.
But it's not a "set it and forget it" type of application.
I like it, though! Not only is it somewhat useful for long-term analysis (if you put the work into it), for me on a daily basis, it's easier to log into Mint than multiple accounts if I just want a quick snapshot of how things are going.
ETA: Every once in a while it can have connectivity issues with certain banks, but they usually fix them relatively quickly.
[This message edited by hill at 9:19 AM, July 16th (Tuesday)]
[This message edited by Dark Inertia at 12:14 PM, July 16th (Tuesday)]
For example, I have my checking, my savings, my 401K, my rollover IRA, my investment account, my mortgage, my credit cards, and the 529s I set up for my kids all in Mint. It adds up fast!!