Mint.com is specifically designed to help readers manage your budget from one place. Through the website you can track where you can spend and where you can save and practically help you trim down that debt as you go along. Kiplinger magazine tagged it as the best budgeting website that we have today.

You can practically use it to make a monthly budget and see what happens when you roll over the past month’s money to the next. The website does it everything for you and uses your checking account information so everything works automatic.

You can also utilize Mint.com to pay off your debt like for your car, mortgage, and credit cards. Somehow it makes paying down things quite fun when you see the amount of your debt decreasing as the days go by.

Mint.com is a great tool that can help you pay down what you owe.

Seeing your balances go down

Mint.com’s overview page sets before you a quick glimpse of the situation and even inspires you to pay more than the minimum of your credit cards for example. It will show you the following:

• The available balance for your savings and checking account
• Your assets like properties, investments, etc.
• A breakdown of your credit card balance, see how much you owe for every card you have
• Sum total of your credit card debt
• Total of all your load, mortgage, car, personal, and student loan debt
• Your net worth

You really don’t have to worry about the math since Mint.com does all the computations for you. You will see if you are on the negative or on the positive and monitor it as the figures change every month.

Personally, I appreciate how the website showed me that I am in debt deeper than what I thought to be. The financial picture that Mint.com showed me is quire realistic and because of that it convinced me that I should take some good steps to manage the debt well. So, net worth must go up in the next few months and the debt column must diminish.

You will also be able to see the trend of how you manage your debt month in and month out. The website will present you a clear bar graph for that. I am pretty sure you will like this feature too.

You will never miss a payment with Email Alerts

There are just days that you are so busy and unintentionally miss on a payment. That spells trouble since it will mean penalties. Mint.com impressed me when I signed up and entered my credit card and bank profiles. A few minutes after, I got an email alert reminding me of every due date that I must not forget. You will also be able to see some recent payments that you have made.

The reminder is very basic and will seem to be a very simple feature but it will save us a lot of money in the long haul.

OnScreen Alerts

The overview page will also have some reminders that can be very useful. I got this one alert that reminded me that I only have $200 available for one of my credit cards. This way I can avoid going over board or I can make a payment so my credit ratio will be low and this will be good for my credit score.

Getting to know Credit Cards

Mint.com makes life easy for you since it gives you a glimpse of the most essential information that you need to know about your credit card. It will show you your balance, available credit, total credit, APR, and the total fees that you need to make for the month.

No trouble at all knowing that you have some more purchasing power with a credit card that has a lower APR or you can avail of a balance transfer program that is for free. It helps you plan out things so you can save more and have more money to pay down your debt.

Mint.com recommends better credit cards

The website also recommends credit cards that give lower APRs for you to consider. You can compare what you have in your pocket and what you can grab on the market. Click on the “ways to save” and it can show you how much you can save long term if you transfer your balance to cards with lower APR.

This is highly recommended if you are the type of person who can stop using a credit card after getting rid of the balance but if not, you can just get into more deep trouble.

Overall, Mint.com gives you a clear snapshot of where you are at with your finances. It can really inspire you to take control and pay your debt down faster.

Mint.com. Free service. Highly recommended!