Mint VS Quicken

Managing personal finances can be hard, and choosing the right personal accounting tool can seem even harder. That’s why we’re here to compare two of the most popular personal finance management tools out there: Mint and Quicken.

Mint is a cloud-based, easy to use finance tool that’s been around since 2007. The software was acquired by Intuit in 2009 and today it features expense tracking, investment tracking, budgeting, planning, and more. Mint also offers well-developed mobile apps, so you can easily check your spending on the go. The icing on the cake? Mint is completely free.

Quicken has been the big name in personal accounting from the beginning. Created in 1988, this software was also run by Intuit until 2016 when it was acquired by H.I.G. Capital. Quicken offers an incredible number of features and amazing customer support. Although Quicken is a locally-installed software, there are still mobile apps available.

But which software is better? And more importantly, which is right for you? That’s what we’re here to find out.

At Merchant Maverick, our goal is to help you to find the best software for your small business needs. To make your decision easier, we’ve carefully researched and tested both products. We’ll put Mint and Quicken head to head by comparing features, pricing, customer experience, reputation, and more, so you don’t have to.

Mint VS Quicken
Features ✓

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Pricing

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Hardware & Software Requirements

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Ease Of Use

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Mobile Apps
Customer Service & Support ✓
Negative Reviews & Complaints ✓

✓

Positive Reviews & Testimonials
Integrations ✓

✓

Security

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And The Overall Winner Is… ?

Features

Winner: Quicken

Mint Quicken

Expenses Tracking

✓

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Transactions Imported Automatically

✓

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Income Tracking

✓

✓

Spending Trends

✓

✓

Bank Reconciliation

✘

✓

Manage Bills

✓

✓

Online Bill Pay

✘

✓

Budgeting

✓

✓

Savings Goals

✓

✓

Property Management

✓

✓

Investment Tracking

✓

✓

Reports

✘

✓

Credit Score

✓

✓

Debt Reduction Planner

✘

✓

Print Checks

✘

✓

In many ways, the programs are similar. Each offers income and expense tracking, bill management,  budgeting, credit score checks, and investment tracking. However, while Mint offers a ton of great features, Quicken’s features are far more developed.

For example, Mint only allows you to create one budget and it has to be for the current month, while Quicken allows you to create multiple budgets for the current month, next month, quarter, or year. Quicken also offers additional features like bank reconciliation, reports, a debt reduction planner, and online bill pay.

Pricing

Winner: Mint

Mint is completely free to use. There are no monthly payments or hidden fees. The software makes money by advertising credit cards, Turbo Tax, and investment accounts to users.

While you can’t beat free, Quicken is still an affordable option. Quicken offers three pricing plans that range from $34.99 – $74.99/year. The company also often sells the software at a discount. Still, Mint is the cheapest way to manage your personal finances.

Hardware & Software Requirements

Winner: Mint

As cloud-based software, Mint is compatible with nearly any computer, so long as you have an internet connection.

Quicken has more specific software requirements as the program is locally-installed onto a single computer. Quicken is compatible with:

  • Windows 7
  • Windows 8
  • Windows 8.1
  • Windows 10
  • Macs with El Capitan 10.11+

Mint wins this category since its requirements are less strict, making it accessible for nearly any user.

Ease Of Use

Winner: Mint

Mint is the clear winner here. Mint has a beautiful, modern UI that is easy to navigate. The features are intuitive and well-organized, and the software offers time-saving automations as well. Quicken is also well-organized, but the UI is a bit more dated and some features are unitive and difficult to figure out.

Mobile Apps

Winner: Mint

Both Mint and Quicken have mobile apps for Apple and Android products. However, Mint’s mobile apps receive much more positive attention from customers, and Quicken’s apps receive low ratings on both iTunes and Google Play. If mobility is one of the key factors in your personal accounting software decision, then Mint is the clear winner.

Customer Service & Support

Winner: Quicken

Quicken not only has better support but also has far more support options. Quicken offers phone support, in-software help, tons of guides, a help center, a community forum, and live chat. In my experience, phone wait times were short and most representatives were knowledgeable and helpful.

Mint, on the other hand, offers very few customer support options. And if you need to talk to an actual person, you’re out of luck. You’ll have to make do with live chat and FAQs. It’s easy to see who the winner is here.

Negative Reviews & Complaints

Winner: Quicken

This is one category Quicken should not want to win. Quicken has far more customer complaints. Most complaints are from long-time users who don’t like Quicken’s new subscription pricing structure. Though there are complaints about glitches, issues loading transactions, and limited mobile apps as well.

Positive Reviews & Testimonials

Winner: Mint

While both programs have many satisfied users, Mint has more positive reviews and a higher percentage of positive to negative reviews. Mint users love the software’s usability, price, feature set, and mobility.

Integrations

Winner: Quicken

Both Mint and Quicken connect with thousands of banks and online lenders so that you can track your spending and upcoming bills. However, in terms of additional add-ons, Quicken offers seven, while Mint only offers two.

Security

Winner: Mint

This category is a bit like comparing apples to oranges. With a locally-installed software like Quicken, you are responsible for keeping your data secure. Quicken does use data encryption for the data involved in its online features, and the software offers password protection for your Quicken files, but other than that, you’re on your own.

As a cloud-based software, Mint has security built-in from the beginning. We figure that for most people, the convenience of having security taken care of for you outweighs all of the extra efforts of securing your locally-installed software.

And The Overall Winner Is…

Winner: Quicken

Quicken Review

With advanced features, good customer support, and affordable pricing, Quicken is ultimately the better software. However, I still have a hard time naming this tried-and-true program the absolute winner. Unlike most software comparisons we do, in this case, it’s not about which software is better. It’s about what type of person you are.

For people looking for a detailed way to actively manage every aspect of their finances, Quicken is a great choice. It is ideal for users who are used to QuickBooks or who enjoy the complexity of locally-installed software.  If you want to create multiple budgets, track savings goals, and run reports, Quicken has far more to offer than Mint.

For people who want a simpler way to keep their spending in check and manage the basics of their finances, Mint is the winner. It is ideal for users who like cloud-based software and strong mobile apps that can keep up with a mobile lifestyle.

In the end, it all comes down to the level of detail you want and what type of software you’re more comfortable with.

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