Track Spending Online and Compare!
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For all you Mint fans, Mint has just released a major update to the Spending Trends feature– SpendSpace!
Now you can track spending online and compare your spending on all the categories you spend on, such as Coffee Shops, Movies, Clothes, Groceries, to the average spending of people in over 30 US cities, all 50 states, or the entire US national average.
Worried that you’re spending too much on gas compared to your neighbors? Too little on Charities? Wondering if Seattle really is the coffee capital of the US? Who spends the most on Fast Food? It’s all in there. We hope you will play with the feature and tell us what you think!
If you’re not using Mint.com yet, now is the time!
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11 Comments so far
leave a commentThis feature is not useful to me at all. Please bring back the option to have it the way it was before, with the category bar charts at the bottom of the spending trend page – even better to allow to choose which ones to display, or to default to the biggest spending categories. Seriously, who is “Worried that you’re spending too much on gas compared to your neighbors?”
I think that is great. A feature I just stumbled upon was that I can reassign credit card items to other categories if I think they are more fit.. and assign a rule so that it will do that from now on.
I really love this service!
I hope you can get the investments and student loans on board soon. That is the only thing I’m missing from leaving my excel spreadsheets all together. And you can bet how much pain I am in with those spreadsheets.
Thanks again!!
John
Hey guys, the SpendSpace totally rocks!
Can we get “All Spending” added to the comparison drop down so we can see a bar graph view of our total spending over time compared to our peers?
That would make it 5.5 stars out of 5.
Thanks for the excellent update.
@Paul
You can get the same functionality, more so in fact, just by choosing the category you want. The old version had 5 fixed categories, and the new one lets you pick from any category you want. The comparison part of it is totally optional.
@John
Investment balances are coming with the next release in February, and full portfolio functionality and general Minty goodness in March.
@Shawn
Good idea… I’ll see about getting that added in.
Thanks,
Jason M. Putorti
Lead Designer, mint.com
Hi Guys! The SpendSpace feature is really nice. Can this feature use salary when comparing spending habits of different people so we can get a more accurate picture? If not hopefully it can be added in a future release.
Keep up the good work.
Rizwan Javaid
Web Designer
Nice job Jason! We like and use Mint and continue to feature your service at Techbays.
Thanks for this feature!
I do hope you’ll extend Mint to other countries in Asia.
Carlo Maglinao
TechBays.com
How is Spend Space helpful? I don’t get it. I really don’t care how much more or less I spend than the Joneses in my city. It doesn’t help me budget– it won’t help me decide whether I should cut back or add to my spending. If Jones spent more on kids than I did, is it because they have more kids or that they’re pouring a lot of money into one kid? Spend Space tells me I spent less on gas than Jones. Well, duh. I take public transportation. I spent more on restaurants than Jones, so yeah I like food.
It *doesn’t* tell me anything I don’t know already.
Rizwan’s advice makes sense, and it’ll be a step in the right direction.
I see a lot of potential in the Spendspace feature.
I would like to see a link to a boilerplate definition describing the ‘average person’ I’m comparing myself to – is it an average city household, average 1 person household, average family?
I just have a question about SpendSpace: What does the “All Financial” category encompass? I don’t seem to have any of my budget allocated there, and the disparity in the comparison versus my city and other cities is really, really wide.
Also, I agree with Rizwan’s suggestion. The more slicing and dicing by demographic, the better.
Thanks so much for the great site!
@A little confused
The “All financial” report in Spend Space will include all spending that users have categorized either as Financial, or as a sub-category of Financial. I don’t know what (custom) categories users have created under Financial, but my guess is things like life insurance, tax prep, financial advisor, etc.
We’re looking into more advanced slicing options, so thanks for the suggestion.
Best,
Val
Mint.com