Mint, the budgeting app owned by Intuit, is shutting down. Intuit introduced on Tuesday that Mint will get absorbed into Intuit’s different service, Credit score Karma, when it formally goes away on January 1st, 2024 (by way of Bloomberg). However it’s nonetheless not clear whether or not Credit score Karma will get the budgeting options that Mint is understood for.
Intuit first acquired Mint in 2009, an app that has supplied a free approach for customers to trace their budgets, handle bills, negotiate payments, and maintain tabs on subscriptions. Now, Intuit is inviting customers to Credit score Karma, a service that the firm acquired in 2020.
Whereas Credit score Karma presents related options, like credit score rating checks, info on tips on how to construct credit score, and credit score monitoring, it nonetheless doesn’t include the identical price range monitoring software that many individuals particularly use Mint for, and it’s not clear whether or not Credit score Karma will ever undertake it.
On a assist web page on Credit score Karma’s web site, Intuit says “the brand new expertise in Credit score Karma doesn’t provide the flexibility to set month-to-month and class budgets,” including that the app as an alternative “presents a simplified approach so that you can construct consciousness of your spending, and observe your financial savings.” Intuit says it nonetheless plans on including methods to view transactions, observe spending, and combination monetary accounts. The Verge reached out to Intuit for extra details about the options coming to Credit score Karma however didn’t instantly hear again.
Earlier this yr, Credit score Karma added one of Mint’s key options: the flexibility for customers to trace their web value. Intuit says Mint customers can switch their accounts by logging into Credit score Karma from the Mint app. From then on, Intuit says customers will now not be capable to entry their Mint profiles. Customers may obtain and delete their Mint information in the event that they don’t need to transfer to Credit score Karma.