Paying off Debt Made Easier with Mint.com
Improved Goals Features Help Users Plan to Knock Out Debt
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
In debt? Mint.com can lead you out.
Responding to users' requests, Mint.com today updated its popular "Get
out of Debt" Goal feature, making it easier to eliminate credit card and
student loan debt.
"Get out of debt" has been the most popular goal among users since Mint
Goals launched in June 2010. Today's updated version makes it even
easier, providing a detailed payment plan and action steps for getting
out of credit card debt, and specifically addressing student loan debt.
"There are three principles of personal finance: spending less than you
earn, making money work for you, and protecting your downside. But
getting started on any of them seems impossible when you're loaded down
with debt," said Aaron Patzer, general manager and vice president of
Intuit Inc.'s (Nasdaq:INTU) personal finance group and founder of
"These new features make it easier and provide sound, constructive,
personalized ways to reduce debt, starting with the biggest problem
areas: credit card debt and loans."
The new features of Mint.com's step-by-step "Get out of Debt" goal allow
Break down debt: Create separate goals by debt type: credit
cards or loans.
Create a payment plan: See how changing monthly payment affects
interest paid, money saved and when the debt will be paid.
Take a comprehensive look at debt: Create a 6-month payment
plan detailing monthly payments for each debt.
Develop an action plan: Take steps to find the best and fastest
way to get out of debt and optimize savings.
"Different types of debt require different payment plans, charge
different interest rates and affect credit scores differently — and it's
a lot to manage on your own," said Patzer. "Getting out of debt gives
people more freedom with how they spend their money, and live their
lives. Ultimately, money is for living."
The new features support Mint.com's commitment to helping users simplify
the often-daunting process of achieving a specific goal. In addition to
providing a step-by-step guide to help people easily determine how much
money they'll need to achieve their ultimate goal, Mint.com also offers
educational tools that can be applied to all aspects of personal finance
from budgeting to long-term planning.
Further tips and advice are provided through Mint
Answers and Mint's Drop
Your Debt Challenge, that pits 10 city teams against one another to
see which city can most improve its debt-to-savings ratio.
Mint.com is a leading online personal finance software service from
Intuit Inc. (Nasdaq: INTU), providing almost 5 million users a fresh,
easy and intelligent way to manage their money. And it's free. Launched
in September 2007, Mint.com has quickly grown to track nearly $200
billion in transactions and $50 billion in assets and has identified
more than $300 million in potential savings for its users. Mint.com's
innovation is in applying advanced technology to deliver breakthrough
ease-of-use. Using patent-pending technology and proprietary algorithms,
Mint.com allows users to see all their financial accounts in one place,
makes it easy to set and keep to budgets, and helps identify money
saving ideas. Mint.com is so effective that more than 90 percent of
users say they have changed their financial habits as a result of using
the service. For more information on Mint.com's free online personal
finance service, please visit http://www.mint.com
and follow Mint.com on Twitter: www.twitter.com/mint.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting
professionals. Its flagship products and services, including
QuickBooks®, Quicken® and TurboTax®, simplify small business management
and payroll processing, personal finance, and tax preparation and
filing. ProSeries® and Lacerte® are Intuit's leading tax preparation
offerings for professional accountants. The company's financial
institutions division, anchored by Digital Insight, provides on-demand
banking services to help banks and credit unions serve businesses and
consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal
year 2010. The company has approximately 7,700 employees with major
offices in the United States, Canada, the United Kingdom, India and
other locations. More information can be found at www.intuit.com.
Atomic PR for Intuit Personal Finance
Source: Intuit Inc.
News Provided by Acquire Media
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