When I reviewed the online money-management service Mint last month, I raved about how much detail it provided about my spending.
The system then organizes your expenditures into categories like “food” and “automotive” so you can see where all your money goes.
Mint is surprisingly accurate at distinguishing restaurants from garages from dentists. It’s also quite easy to correct whatever errors it does make.
Next month, Mint will take it a step further and provide similar detail about investment performance.
The site currently tracks to total amount you have in investment accounts at major banks and brokerages, but it provides no information on how your investments perform.
Judging by the screen shot at the top of this post, you’ll soon get a lot of detail on that, too.
The news has yet to hit the press release section of Mint’s Web site. The company apparently gave an exclusive to the WSJ’s Katherine Boehret, who gave Mint another rave review.
Starting May 6, the site will let users add investments, such as individual retirement accounts and 401(k) plans, to their accounts, though Mint isn’t designed for serious investors. Today, readers can get sneak peak access to this Investments feature via www.mint.com/wsj. In June, Mint will add auto loans, student loans and mortgages.
When Mint completes these additions, the only thing missing will be the ability to transfer money from one account to another and the ability to pay bills through the site.
Even without those features, though, it’s a great site and one that’s obviously committed to getting better.
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