Quicken is a finance software on a computer whereas Mint is a personal finance provided online. Here is a side-by-side comparison of Quicken and Mint in a couple categories that can help you pick which financial tool would work best for you.
With Quicken, the user logs into their account and downloads software using a username and password. With Mint, the online site links to your bank account and retrieves updates such as the latest deposits, transactions and withdrawals.
For some, using an online service like Mint automatically brings up qualms about security. Mint assures confidentiality and maximum data security. Plus, in the technology age, most people’s ‘data’ is out there already. With either software, anyone who could potentially gain access to either your Quicken information or your Mint account would not be able to do anything except view your transactions and change categories of your different purchases.
Image & File Attachments
Mint cannot save images associated with transactions. So if you have scanned receipts or checks, it will not link to your Mint account yet. However, Quicken can store these files. Should you need to make an insurance claim, Quicken would prove more beneficial a service than Mint.
Mac vs. PC vs. Mobile
As long as you have internet access, you can log into Mint. Mint offers FREE apps for the iPad, iPhone, any Android phones or devices and an easy-to-navigate desktop version. Quicken excels in its desktop version for PCs which includes many versions to handle different levels of financial planning needs.
Free vs. Paid Software
Mint’s main advantage is that it’s free and constantly updated by the site. The company plans to keep the software free to use. They earn money through partner agreements like different credit cards or savings plans, which allows them to offer the software free of charge to the user.
Quicken, on the other hand, is far from free. Each year, a new version is released ranging up to $120 for a license. Quicken is a smart investment if you manage your own business. Mint is primarily for personal finances. If you need tax reports, Quicken is the way to go. But if you want to set goals and manage your budget, Mint is the right app for you.
Simply put, deciding between Quicken and Mint comes down to two things: generation and usage. Quicken has been around for over 20 years and is trusted for managing business finances. Mint is newer and helpful for those who are more inclined towards mobile apps and instant access for their personal finances. Both are fantastic choices that will be of great benefit no matter what your preference!
To read more on this article, go to http://personal-finance-software-review.toptenreviews.com/mac-personal-finance-software/quicken-vs.-mint-personal-finance.html
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