With the innumerous number of accounts and cards , I found intuit mint a great tool to manage these at once place. (bank accounts, cards and what not) But, linking all the accounts to one point of entry gives me a scare. Especially with the regular data breaches. What are your thoughts about the tool?
I love Mint. I also realize it’s a prime target for hackers because your data is in one place. Mint has yet to have a data breach where as companies like Chase and other financial institutions have. Your data is never fully secure. You obviously want to make sure that you create a strong password, setup MFA of possible and hope that companies aren’t passing your info via FTP or another clear text protocol. Mint uses Yodlee to make those back end transactions. I don’t know much about them, but you should do some research.
Mint havn’t used Yodlee in a long time. They moved away from that after being acquired by Inuit long ago.
It will inevitably get hacked. I (still) love it.
I have been using since launch and enjoying seeing all my money in one place. While it will likely get hacked eventually, transferring money out of bank or investment accounts is very difficult simply by hacking into Mint. So I am not super concerned.
I only use it on credit card accounts. Most of my money is in investment. Only my investment account can ACH from checking, not backwards. Yeah, it is riscky, but it's too convenient. An offline alternative will be waayyyy better.
Off topic ... if you plan to buy a house in the US, you may went to have a few credit card accounts to build up your credit and have a better FICO score.
You’re right, that was off topic. Completely unrelated AFAICT, but true though!
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How did you get a job at Oracle and still can't figure out how to subscribe to the thread without posting a useless comment. Hint: it's a bell icon on top.
That's exactly why he had to settle for Oracle 🤣