What’s Mint all about? And how does it compare to Recurring? We’re facing Recurring vs. Mint today to find a bit of contrast and similarities between the two apps.
What are Mint and Recurring?
To be honest, Mintself-identifies as a “budget tracker & planner,” while Recurring is more of a “one-stop-shop to manage it all” kind of expense tracking app.
Pretty much within the same competitive line both names refer to a software or online tool to make financial work easier for individuals and business owners while always keeping an eye on the use of time, budget, and calendar.
The sign-up process
Knowing where to start is always a difficult one. But, as is the case with all SaaS, the user experience begins at an easy sign-up most of the time. There’s just a very rich plus in a quick and efficient sign-up process.
In Recurring’s case, getting an account could not be easier. The sign-up button will direct to a page that will get just enough details to work on an email verification process. The key to its breeze is leaving this initial window open while the email is received in the registered inbox. And then going back to it will have users straight into the app. Simple as that!
In Mint’s case, there are a few more steps to take for signup. First, the leading site redirects to an Intuit account creation site. Don't be scared by this, as Intuit is the company that purchased Mint back in 2009. Either way, the site asks for basic details as the current client step number 1.
From there, a new screen will ask for geographical details and a Terms of Service agreement. Next, about 12 bank options will appear on the net for current US users to link the account with a banking institution. From here, login into the chosen bank’s online platform will continue the account linking process.
With the use of Artificial intelligence (AI), Recurring can make beneficial intelligent recommendations. The suggestions the app gives are based on user behavior and the data that’s been input.
Mint, on the other hand, also takes pride in personalized insights. For example, they have an alert section accessible through a bell icon on their dashboard. It keeps users posted on any potential late fees or due dates.
Organizing expenses for credit score improvement
For those seeking to improve their credit score, either of these apps can help. They just do so differently.
Mint shows colored scales to track how each user’s score compares to the median. For example, it gives diverse options as to how its users can make savings.
On the other hand, use Recurring to keep track of a business or personal expenses and get a user-friendly overview of all your tracked funds, payments, etc. And tie that personally in with all financial habits to work at increasing a score, if possible.
Despite the fame, think of your needs.
As usual, we recommend the decision of whether to use one app over another (or both!) to be centered around the user’s primary goal. As an individual, business owner, entrepreneur, all the decisions around which new app to choose must be geared by how well it fits your needs.
Recurring works on anonymized company data, which means your company name will never be associated with the expenses you’re tracking through the Recurring app.
Mint has moreover made it to Forbes’ best budgeting apps of June 2021. Impressive! In practical terms, the tool is furthermore centered around monitoring its users’ daily activity.
Subscription software management as an extra
Recurring as an expense tracker stands as this place where can track all sorts of expenses, such as a retirement one or an investment.
The tool can furthermore manage any subscription software while constantly seeking which improvements to recommend. And it does so based on what similar parties are doing with their unique SaaS stack.
Recurring’s also set to locate duplicate or orphaned tools so users can remove any subscriptions they no longer need. For teams that constantly flux, it’s best to know all legal obligations are being met due to any team member no longer being with our company, for example.
Furthermore, SSO and GSuite logs help optimize expenses at Recurring. And now they also assist users in staying away from any software download throughout this whole process.
An essential aspect of these platforms has to do with categories: those help code transactions and different patterns, expenses, and more based on those unique parameters.
Stay on top of all charges with these expense tracking apps. Either way, just make sure you’re getting insight on any possible duplicate subscriptions that could be costing you money unnecessarily.
Pricing that’s right for you
Recurring works on flexible pricing, too. It's a model that scales only as the subscribed company does. Starting from a free $1,000 tracking, it’s the average of a company or user’s last three months of expenses that determines their final pricing. Sounds fair, no? It's also an innovative approach from an experienced startup.
Need to get rid of ads on Mint, however? Unfortunately, the app is free precisely because its partnerships thrive on a paid advertisements tailored to their unique audiences. And there’s no way of going around that. No payment will be taken to get rid of or access more perks, features, or benefits.
Collaborative app use
For those who like working as a bunch or those who thrive on team connections and efforts, Recurring is better equipped to handle several workmates or partners (even partner and investor pairs) to look at all of the tracked financial data together. Even simultaneously applies as Recurring lets users with credentials login to manage their team’s account.
Mint takes no joint accounts, though. But the app will let two different Mint users sync their data for shared info.
Get to tracking!
All in all, we hope this Recurring vs. Mint comparison helps decide which app to use, especially when it comes down to being a team player in a hectic environment that could use the easiest of expense uploads and tracking for financial health easy budget tracking. So help yourself as much as possible!