7 ms·
Mint now lets users keep track of their Bitcoins
- peter_l_downs 13y agoI wish they'd add support for not double-counting my credit card purchases instead.
- damon_c 13y agoHa, yes... and support for not counting money transferred from savings to checking as income would be nice too.
- usaphp 13y agoAnd the money withdrawn from PayPal account to bank account.
- ilyanep 13y agoAnd realizing that my credit card bill that's due Feb 2nd was paid a month ago.
- WesleyJohnson 13y agoThis is my biggest issue with them: bill payments. They don't match up bill reminders with transactions. So, as you said, something you've paid still shows up as due and once the due date goes by, if you haven't paid it, it just disappears off your list even though it's still outstanding. They really need to fix this.
- jacalata 13y agoIs your savings account tracked by mint? Because I do this all the time and I don't see it listed as income, it's a transfer.
- damon_c 13y agoMaybe it depends on specifics. Mint must have some heuristics that attempt to discern whether or not a transaction is a symmetric internal transfer and they work for some and not for others. It's not an easy problem, given the zillion variables and different banks etc. but after all these years and witnessing the choices they've made on where to allocate resources it's hard to give them the benefit of the doubt.
- pdubs 13y agoIf you keep categorizing transaction from, say, checking to credit card or savings to checking as transfers it'll pick up on it after a bit and automatically categorize them.
- astrange 13y agoAll JPY transactions in my paypal are reported 100x too large in USD ($525 per month recurring bills instead of $5.25). I did report it once and got back a message saying "sorry, we can't fix your existing records", but they clearly made no attempt to fix it for new ones either.
- rogerbinns 13y agoFor me they seem very duplicate happy. I have to mark about 5 items per month (out of 20) as dupes.
- ry0ohki 13y agoQuick plug, but https://www.BudgetSimple.com https://www.BudgetSimple.com handles this correctly.
- maguirre 13y agoAlong the same line of thought. How about a cash flow forecast?
- etrain 13y agoI like that they're still referred to as a "startup" even though they exited for $170m nearly 5 years ago.
- jonrussell 13y agogood point, duly updated [author here]
- lowglow 13y agoDoes anyone think there is room for a new mint-like service?
- maaku 13y agoYes, yes, and one more emphatic yes. Mint.com never satisfied my needs. I'd like a double-entry ledger, and proper non-USD asset support[1] please. [1] Not even GNU cash gets this right. See: http://www.mathstat.dal.ca/~selinger/accounting/gnucash.html http://www.mathstat.dal.ca/~selinger/accounting/gnucash.html
- erikb 13y agoopen your linked blog article and see the note at the top ;)
- uvince 13y agoNeed all that? You might like to try Quicken.
- sliverstorm 13y agoAgreed. It's not the end of the world to pay for software if it meets your needs, IMO. I just picked up Quicken, myself.
- maaku 13y agoQuicken is a single-entry ledger, and therefore by nature doesn't handle non-currency and foreign currency assets properly either..
- imkevinxu 13y agoI've been thinking about that for a while. Besides a different design and time to reach feature parity, what would be the "unique" thing to solve the problem of managing one's finances?
- DLarsen 13y ago
- snitko 13y agoI don't recommend anyone leaking info about the amount of Bitcoins you have or spend to any third party.
- tlrobinson 13y agoShould read "Mint now supports tracking Bitcoins in your Coinbase account"
- EdJiang 13y agoThis integration is NOT SECURE. Mint asks for your API key, which Coinbase implements rather poorly. Your API key will grant any application FULL ACCESS to your Coinbase account, so if Mint gets compromised, the attacker can send your Bitcoin to another account. And Bitcoin transactions are irreversible. Yes, you do give Mint your bank account credentials, but if someone steals your username/password and use it to send a transaction, you can get it reversed. Mint can easily fix this by using Coinbase's OAuth API instead of using an API Key, which allows for selective permissions (read-only) to be set.
- orblivion 13y agoWhy do they need Coinbase? Just give them your address, which is public information anyhow.
- deskamess 13y agoI think if you are using an exchange your coins are not really in a known address. The exchange probably stores your coins, along with others, in many of its wallets. However I do see how the ledger comes into play for your personal coin addresses. That is actually a powerful concept and pretty cool. From a Mint perspective adding meta-data for coin transactions would be a good start to help categorize coin spends/receives. Another approach would be well known receive address sets. For example 'Grocery Store X' would have one (or multiple) well known 'receive addresses' that Mint could categorize appropriately.
- mason55 13y agoThe coins in your address should be "mostly" visible to Mint - your address is still a public address even if it's hostd at Coinbase. However, that said, any internal Coinbase-to-Coinbase transfers don't hit the public blockchain (for a number of reasons) so if you have a lot of those then your balance would be incorrect. Any transfers from outside of Coinbase to your address or from your address to outside of Coinbase would be visible on the public blockchain.
- yebyen 13y ago
- disdev 13y agoWould be nice if they decided that cashflow forecasting (Microsoft Money and Quicken Online both did that well-ish) was important to add. That's the single reason I haven't gone with Mint.
- adaam2 13y agoI think they should be focusing on opening Mint up into new markets (namely the UK) rather than this!