A marriage made in heaven. Intuit, the makers of Quickbooks and TurboTax have purchase the very popular financial site Mint.com today for $170 million dollars! Not too shabby for a small start-up that is less then 2 years old. Silicon Alley Insider first reported the rumor and it has now been confirmed by CEO Aaron Patzer.
If you have not used Mint.com before, it’s actually a very slick site. Think of it as Quicken for the average dummy (like me). You can enter all your financial data (bank accounts, credit cards, mortgage, etc) and your sources of income and the site tracks everything for you. It downloads your statements, income and daily purchases directly from your bank and gives you a lot of data about your personal finances. You can then use that data to plan your household budget and make other important financial decisions. The best part about Mint is that it is free! There is other software you can buy that does essentially the same thing (Quickbooks/Quicken for one) but the value the consumer gets from Mint is really incredible.