Consider these alternative budget apps as Mint prepares to depart.

On March 23, 2024, the Mint budgeting app will permanently close, and users will no longer be able to access their data on the app.

Intuit®, the owner of Mint and other personal finance platforms such as QuickBooks® and TurboTax®, is encouraging its current users to switch to Credit Karma, which it also owns. However, this is not the only option available.

There are many apps available that can help you manage your money effectively by linking to your bank, credit card, and investment accounts, and tracking your spending to help you reach your savings goals.

Below, CNBC Select looks at budgeting apps to consider when Mint closes.

Credit Karma

Mint users are being advised by Intuit to switch to Credit Karma, a free app that offers credit score tracking and other features similar to Mint, such as viewing linked accounts, transactions, cash flow, and spending and net worth over time. Credit Karma also provides unique offerings like credit monitoring of Experian and TransUnion reports and recommendations for responsible credit use. However, users must create a Credit Karma account if they don't already have one, and Credit Karma does not have Mint's budgeting features.

Rocket Money

Rocket Money is most recognized for canceling unwanted subscriptions, but it also provides a range of personal finance tools. The free version enables users to link their accounts, monitor spending, establish budgets, receive balance notifications, and manage subscriptions.

The Premium tier of Rocket Mortgage includes a subscription-cancellation concierge service, credit score monitoring, unlimited budgeting, and premium chat support. Additionally, this tier offers a bill-negotiation service where a live representative works with your creditors to lower your bills. However, you will have to pay a sliding scale of between 30% and 60% of the savings you receive, in addition to the monthly premium fee.

You Need a Budget (YNAB)

YNAB utilizes a zero-based budgeting system that assigns every dollar a specific "job," which can be beneficial for individuals focusing on future spending. Although it is a paid service, YNAB claims that the average user can save $600 in the first two months and $6,000 in the first year.

Empower

Empower offers both budgeting and investing tools, with free features such as tracking spending and viewing net worth. However, to use their investment management service, a percentage of the funds being managed must be paid. Unlike Mint, which enabled users to connect investment accounts to track net worth, Empower does not provide investment management services.

Compare investing resources

Goodbudget

Goodbudget is an alternative to Mint that uses the envelope method for budgeting, allowing users to allocate specific amounts to various categories. Unlike Mint, Goodbudget does not automatically sync accounts and requires manual addition of transactions. The paid version of Goodbudget offers additional features such as the ability to create an unlimited number of envelopes and store account history for up to seven years.

Bottom line

Although Mint is departing, there are numerous budgeting apps available to assist you in your personal finance journey. You can opt for a free service or a subscription, but make sure to choose one with features that will benefit you the most.

Why trust CNBC Select?

Our goal at CNBC Select is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions when it comes to their finances. Each of our personal finance articles is the result of thorough reporting by our team of expert writers and editors, who possess extensive knowledge of personal finance products. At CNBC Select, we are committed to maintaining our journalistic standards and ethics, even when it comes to earning commissions from our affiliate partners on many offers and links.

Stay up to date with CNBC Select's comprehensive coverage of credit cards, banking, and money by following us on TikTok, Facebook, Instagram, and Twitter.