Mint is a Financial Management App with Custom Advice
Justin Lam — September 12, 2018 — Tech
References: mint & nerdwallet
Budgeting and managing money can be quite difficult while in college or university, thankfully Mint makes things easier as an all-in-one financial management app. Connecting directly to a user's bank account, Mint updates spending automatically. The financial management app also contains allows users to create a number of various budgets and will even ensure credit card use is limited to what the user can actually pay back. Finally, the app also features a Cash vs. Credit feature that lets users see their total credit card balances against the cash they have to pay them off.
Aside from all the direct budgeting and money-saving features, the all-in-one financial management app also provides custom tips and saving advice. To give this custom advice, Mint delves into thousands of checking, savings, credit card, brokerage, CD and IRA rollover offers to offer recommendations most based on a sing user's lifestyle and goals.
Aside from all the direct budgeting and money-saving features, the all-in-one financial management app also provides custom tips and saving advice. To give this custom advice, Mint delves into thousands of checking, savings, credit card, brokerage, CD and IRA rollover offers to offer recommendations most based on a sing user's lifestyle and goals.
Trend Themes
1. Personal Finance Apps - There is growing demand for personal finance apps that simplify budgeting and money management for the younger demographic.
2. Data-driven Financial Advice - The use of extensive financial data to provide personalized and relevant advice to users is on the rise in finance app development.
3. Cash Vs. Credit Features - The feature that allows comparison of total credit card balances against user cash is becoming a popular addition to personal finance management apps.
Industry Implications
1. Fintech - The fintech industry has an opportunity to expand by developing financial management apps aimed at budgeting and money-saving for younger users with unique features like custom advice.
2. Banking - Banks could leverage their extensive financial data to provide personalized advice for their customers through financial management apps that simplify budgeting and money management.
3. Investment - Investment firms and trading platforms have the potential to disrupt the personal finance app industry by offering personalized and data-driven advice on investments and trading strategies.
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