The popular budgeting app Mint is shutting down, leaving about 3.6 million customers in search of another way to track their spending.
Intuit, the company that owns Mint, is encouraging users to migrate to Credit Karma, a credit-focused app that Intuit owns. But so far, Credit Karma doesn’t offer the budget-setting tools that Mint provided, and it’s unclear what features will be added in the future.
Jason Gerber, a certified financial planner and managing partner for Prime Capital Investment Advisors, recommends Empower (formerly known as Personal Capital) because it allows you to monitor both your spending and your investment portfolios.
For example, if you have investment accounts with Fidelity Investments and Morgan Stanley, you can review both of your portfolios, including a breakdown of holdings and their allocations, on a dashboard on the Empower app. You can also link other types of accounts, such as 529 college savings plans, health savings accounts and your home mortgage.