Several years ago, Intuit sold off Quicken, the personal financial tool that started Intuit. They then acquired Mint, a cloud-based personal financial app that showed promise after Intuit personnel from the QuickBooks Online team began bolstering the functionality.
Just before the new announcements at this year's QuickBooks Connect, Intuit announced in their 'MintLife' Blog that they would be shutting down Mint effective January 1, 2024.
Intuit is reportedly re-imagining Mint as part of their Credit Karma product, one of Intuit's other personal finance platforms. Intuit promises a smooth transition for 'Minters' (the name for Mint users) to Credit Karma.
While some Mint features are set to be moved to Credit Karma, you won't find all of them. (Murph)
Some Mint features like bank accounts, transaction history, spending, and net worth will be part of Credit Karma thanks to a 'team merger' last year that has been working on incorporating these functionalities along with Intuit Assist, a GenAI-powered financial assistant, into Credit Karma.
I predict, one day 'AI' will be telling consumers what they should and shouldn't spend their money on... all based (biased) on 'big data.' (Murph)
While Credit Karma is reportedly becoming a full-service financial platform, according to Intuit, it won't (at least upon day one of the transition) let users make monthly or categorical budgets as has been a feature of Mint.
So, if you're looking for help staying on budget with your personal finances during 2024, you probably will want to consider some personal financial management app other than Credit Karma.