Mint and Yodlee are online money management sites. For those who wish their accounts to be managed online, there are a various sites on the internet. Mint and Yodlee are two such popular money management programs. What is good about these sites is that they are free and have a number of features that help in managing money in a better way. Both Mint and Yodlee have their pros and cons, and below is a comparison of the two to assist the readers in choosing the service that better matches with their requirements.
Mint is an online service that presently caters to residents of US and Canada only. Founded by Aaron Patzer, this money management program has a very easy user interface which allows the members to keep track of their monetary transactions. It is possible to set financial goals and your budget on Mint, and the user can even conduct cash transactions.
Yodlee is also a US company that allows many facilities to its members such as getting to information about their credit cards, investments, bank accounts etc from a single account on Yodlee. It also allows for payment of utilities, management of finances, tracking of expenses and attractive investment options.
Both Mint and Yodlee offer budgeting tools using which one can set his monthly budget and can also know where he stands in relation to his budget at any given point of time. Money transfer is possible from a savings account to a current account using both Mint as well as Yodlee. A user can access his account on Mint and Yodlee from any location provided he has internet.
In contrast to limited information details about any transaction in Mint, Yodlee is more detailed. Also external bank transfers are better categorized in Yodlee.
Summary
Both Mint and Yodlee are online money management sites
The user interface in Mint is clean while the same cannot be said about Yodlee
Both have some bank account support issues
Both support FSA Direct loans but Mint has better categorization of transactions.