I finally did it. I got my very own Mint account. I don’t even know why I waited so long. I’ve been following them on twitter for a few months already and I love to budget so there’s really no reason except that I’ve been so busy with our party and our move and my crazy job that I’ve simply forgotten all about it. Well I read a post from iHeart Budgets on how amazing Mint is and I just went for it. I still have to sit down and tweak a few things but at least I have one. With that in mind, Mint is so easy to use. I love it that they can just connect to my bank account so the days of my excel sheet are over. No more sitting down with receipts all over the table and my banking mobile app open trying to make sure I didn’t miss anything each week. No more papers everywhere outlining my goals for the month. It’s just all right there.
My Car Budget
Now that I have mint, I’ve decided to seriously budget for my “new” car. I made my first goal in mint and I’m excited to say that I’m on track to getting my car a year from now. They ask you a few questions like how much you want to spend and what you want your monthly payment to be, then you look at some different rates for your loan as well as length of loan and voila, out comes what you should save for a down payment. But wait, they go on to help you figure out how much you want to save per month and they put that into your calculations to see if you’re on track to reaching your goal or if you need to make some changes. Mint just makes it so easy and fun (yes, I’m nerdy when it comes to finances) that I feel more at ease about buying my car next year.
Next Step – Investing
I have no investments. I don’t have a high yield savings account, don’t have a 401K or a CD or anything. Neither does Mr. CrazyRichLife so as soon as we are done with all this moving craziness, then I want to start looking at some investment options. Nothing crazy, but just something to get us started. Mint seems to have some good third party options so maybe I’ll start there. Do you have any sort of investments that you would recommend we start with? I’d love to hear from you guys since I’m an investment virgin.