Mint gives you an at-a-glance look at your budget by pulling your financial accounts together in one place. Small business owners that have a lot on their mind can use it to track bills and send automatic alerts when it's time to pay up. You'll always know what's due and when.
You can create an unlimited number of individual budgets for different types of expenses. Mint will automatically give you advice based on your spending habits. Each budget is color-coded so you can see right away if you're spending more than you have for the month. Money can be transferred freely between budgets until you get a handle on how much you need to run your business.
When you do run out of capital, Mint can also help with the borrowing process. You'll be able to check your FICO score from inside the app without using a credit card. After you enter all of your financial data, Mint will begin to provide custom tips for reducing fees. Built-in budgeting and forecasting software can provide a good picture of your financial future. It even offers investment tracking for users who want to be sure that they'll have plenty of money years down the road.
These features have made Mint popular with entrepreneurs who are struggling to chart their expenses. Mint's budgeting software solutions can help users tell the difference between fixed fees and variable ones. Many people will state they have a certain amount of money to spend on one particular type of expense. Mint instead encourages them to set a range based on previous expenditures. This can help account for all expenses regardless of whether a company has a lean or prosperous month.
Best of all, Mint is free to use. Users can download the iOS and Android mobile apps or just use the web interface. If you have a preexisting Intuit or TurboTax account, then you can log in without signing up.
Whether you're just starting out or want to reduce how much your existing business spends, Mint offers the tools you need to plan to for the future.