Quicken was founded by Intuit. It was established in 1983. This software allows people to gather all their personal finances in one place. It also helps in performing tasks that were done on paper quickly. Quicken is subscription-based software. It offers tools like budgeting, bill pay, investment tracker, etc.
Mint was too founded by Intuit. And it was launched in 2006. And soon it started dubbing Quicken. Hence, it also syncs all bank accounts. It also helps in tracking your finances. Above all, Quicken and Mint were owned by Intuit. But in March 2016 Intuit sold Quicken.
Quicken vs Mint: Which is better?
Let’s compare both and find which one is better.
Cost:
Quicken is a subscription-based application. It cost from $35.99 to $103.99 per year depending on the plan. The higher the features the higher the price.
On the other hand, Mint is a free tool. While enjoying free service, one will have to put up with some ads. It also collects and sells data about consumers’ spending and savings habits.
Therefore, Mint is the winner in this category of Quicken vs Mint. As an average person will go for a free app. Features offered by a free tool are enough for an average person.
Budgeting:
As Quicken is a subscription-based software. It offers more features than Mint.
For instance, it offers a budget forecast. It uses your income and upcoming expenses to give you an idea about your balance. So you have an idea about how much cash you’ll have at the end. It also offers annual view features. in this, you will know how much you have spent in a particular year. This will help in planning your budget for the year. On the other hand, Mint offers budgeting. It is great, especially for a free app.
However, both programs offer:
- Creating a spending category.
- Setting a budget for each spending category.
- Adding transactions manually.
- Excluding expenses from the budget.
As a result, Quicken is a winner of this round of Quicken vs Mint. As it offers many features in comparison with Mint.
Debt Payoff:
Mint and Quicken both offer debt payoff tools. Quicken offers this feature in its Deluxe plan. And the price of the Deluxe plan is $51.99/year. Mint too offers a debt payoff feature. Both these programs detect which account is in debt. These software will ask you how much you can afford to pay each month.
The main difference is that in Quicken you can add a debit manually. Hence, this round of Quicken vs Mint is a tie.
Bill pay reminder
Quicken, other than tracking bills. It also lets you pay bills directly through the software. However, this feature comes under Quicken’s premier plan.
On the other hand, mint allows setting your monthly bills. It also shows the overall bill due for a particular month. And how much cash you have.
Above all the clear winner of this round is Quicken.
Customer support
Quicken has a live person to fix or handle your issues. It is known for its excellent customer support services. You won’t have to wait for long to get someone on the call. Quicken offers its own premium support services for its premium subscribers. It includes phone support, an online support center, online chat, and community help.
On the other hand, mint doesn’t offer any phone or email support. They only offer an Online help center and online chat. That too for limited hours.
Quicken is the winner of this round.
At the end of Quicken vs Mint, you can’t deny Quicken offers more features in comparison to Mint. However, if you want to track investment and retirement plans, then go for Quicken. As Mint lacks these features. A user who wants to track expenses, bills, and savings can use Mint.