Comments on: The Economy According To Mint http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/ Startup and Technology News Wed, 25 Nov 2009 05:20:27 -0800 hourly 1 By: Joel http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-1/#comment-3069688 Joel Sun, 01 Nov 2009 23:53:03 +0000 http://www.techcrunch.com/?p=40302#comment-3069688 My thoughts exactly...in addition, for this data to accurately reflect a trend, it would also require normalization to negate the effects of inflation on spending, but what a treasure trove! Having this kind of real-time data available could be worth billions to investors focused on index related funds which are heavily dependent on consumer spending (representing aprox. $8.4 trillion annually). My thoughts exactly…in addition, for this data to accurately reflect a trend, it would also require normalization to negate the effects of inflation on spending, but what a treasure trove!

Having this kind of real-time data available could be worth billions to investors focused on index related funds which are heavily dependent on consumer spending (representing aprox. $8.4 trillion annually).

]]> By: economy according to mint | in-the-news.net http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-3039812 economy according to mint | in-the-news.net Thu, 15 Oct 2009 21:08:56 +0000 http://www.techcrunch.com/?p=40302#comment-3039812 [...] www.techcrunch.comThe Economy According To Mint Aaron Patzer is the CEO and founder of Mint.com, a personal finance [...] [...] http://www.techcrunch.comThe Economy According To Mint Aaron Patzer is the CEO and founder of Mint.com, a personal finance [...]

]]> By: Mint Acquired by Intuit for $170m Two Years After Winning TC40. | Diversified Web Holdings http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2983580 Mint Acquired by Intuit for $170m Two Years After Winning TC40. | Diversified Web Holdings Tue, 15 Sep 2009 14:32:04 +0000 http://www.techcrunch.com/?p=40302#comment-2983580 [...] broke that Mint is being acquired for $170 million by Intuit. Patzer has written twoprevious guest posts for [...] [...] broke that Mint is being acquired for $170 million by Intuit. Patzer has written twoprevious guest posts for [...]

]]> By: Avery http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2937373 Avery Fri, 21 Aug 2009 01:14:05 +0000 http://www.techcrunch.com/?p=40302#comment-2937373 The numbers look about right :) The numbers look about right :)

]]> By: Home Improvement http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2805168 Home Improvement Tue, 16 Jun 2009 17:23:21 +0000 http://www.techcrunch.com/?p=40302#comment-2805168 Home Improvement should be on the rise now due to the housing marketing and focus on cost saving green remodeling Home Improvement should be on the rise now due to the housing marketing and focus on cost saving green remodeling

]]> By: Yummly » Blog Archive » Fastest-Growing Personal Finance Software Ever — Reaching 1 Million Users in Just 18 Months http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2743463 Yummly » Blog Archive » Fastest-Growing Personal Finance Software Ever — Reaching 1 Million Users in Just 18 Months Tue, 12 May 2009 11:23:33 +0000 http://www.techcrunch.com/?p=40302#comment-2743463 [...] now representing 1% of all U.S. households. In January, “The Economy According to Mint,” was reported in TechCrunch during Patzer’s participation at the World Economic Forum in Davos, Switzerland. In February, [...] [...] now representing 1% of all U.S. households. In January, “The Economy According to Mint,” was reported in TechCrunch during Patzer’s participation at the World Economic Forum in Davos, Switzerland. In February, [...]

]]> By: chris http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2715308 chris Sat, 25 Apr 2009 00:35:26 +0000 http://www.techcrunch.com/?p=40302#comment-2715308 It sure would be nice to see how this story has played out in the last 4-6 months It sure would be nice to see how this story has played out in the last 4-6 months

]]> By: Medium-Sized Links for March 4th « Happy Money Medium http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2643320 Medium-Sized Links for March 4th « Happy Money Medium Wed, 04 Mar 2009 15:01:59 +0000 http://www.techcrunch.com/?p=40302#comment-2643320 [...] has an interesting guest post from Aaron Patzer, the CEO and founder of Mint.com with Mint’s view of the economy. Mint is in a unique position because they gather data from [...] [...] has an interesting guest post from Aaron Patzer, the CEO and founder of Mint.com with Mint’s view of the economy. Mint is in a unique position because they gather data from [...]

]]> By: San Francisco and Bay Area ID Alumni » Blog Archive » Event: SFID Alumni Cocktail Hour at Homestead, San Francisco | March 4th, 2009 http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2629974 San Francisco and Bay Area ID Alumni » Blog Archive » Event: SFID Alumni Cocktail Hour at Homestead, San Francisco | March 4th, 2009 Thu, 19 Feb 2009 07:08:28 +0000 http://www.techcrunch.com/?p=40302#comment-2629974 [...] but to pick as a topic “design and economic crisis“, inspired by the post we saw on Techcrunch where it is explained how users are flocking to Mint.com to manage better their money during the [...] [...] but to pick as a topic “design and economic crisis“, inspired by the post we saw on Techcrunch where it is explained how users are flocking to Mint.com to manage better their money during the [...]

]]> By: State of Consumer Spending from Mint.com « EXPOSED -Today’s Technology Trends & Thought http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2629694 State of Consumer Spending from Mint.com « EXPOSED -Today’s Technology Trends & Thought Thu, 19 Feb 2009 01:42:32 +0000 http://www.techcrunch.com/?p=40302#comment-2629694 [...] The Economy according to Mint - TechCrunch via Mint.com Possibly related posts: (automatically generated)Consumer Credit goes down in Nov 2008Have the U.S., world economies entered the frugal consumer era?A Census of College Costs [...] [...] The Economy according to Mint – TechCrunch via Mint.com Possibly related posts: (automatically generated)Consumer Credit goes down in Nov 2008Have the U.S., world economies entered the frugal consumer era?A Census of College Costs [...]

]]> By: matt @ Thrive http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-2/#comment-2620204 matt @ Thrive Mon, 09 Feb 2009 16:20:56 +0000 http://www.techcrunch.com/?p=40302#comment-2620204 Just to give a little insight from a competitor, the PF site space has not really agreed on what an "active user" really is yet. Does registration count? Do they have to check once a month? Do they have to have added bank accounts? I'd actually love to hear your suggestions on what you think the proper definition is...feel free to shoot me an at matt@justthrive.com and maybe we'll even do a blog contest about the right definition to use. But I think this is a great question and I absolutely think that users should be holding us and other PF sites accountable for how we report the number of "users". Just to give a little insight from a competitor, the PF site space has not really agreed on what an “active user” really is yet. Does registration count? Do they have to check once a month? Do they have to have added bank accounts?

I’d actually love to hear your suggestions on what you think the proper definition is…feel free to shoot me an at matt@justthrive.com and maybe we’ll even do a blog contest about the right definition to use.

But I think this is a great question and I absolutely think that users should be holding us and other PF sites accountable for how we report the number of “users”.

]]> By: matt @ Thrive http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-1/#comment-2620198 matt @ Thrive Mon, 09 Feb 2009 16:13:17 +0000 http://www.techcrunch.com/?p=40302#comment-2620198 @D Great point - it is nice to have some numbers from a user who is in the boat that I point to in my page 2 comment. Be interesting to know what accounts people have the most trouble getting into Mint, as they may not be evenly distributed: if it is more missing credit cards than savings, you may get skew. @D Great point – it is nice to have some numbers from a user who is in the boat that I point to in my page 2 comment. Be interesting to know what accounts people have the most trouble getting into Mint, as they may not be evenly distributed: if it is more missing credit cards than savings, you may get skew.

]]> By: matt @ Thrive http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-1/#comment-2620196 matt @ Thrive Mon, 09 Feb 2009 16:11:20 +0000 http://www.techcrunch.com/?p=40302#comment-2620196 One of the interesting things about mental accounting is that not only do people not consider dollars in different categories to be equivalent, but they also consider some categories more "reduction ready" than others. So even if they are overspending on their utility bills, for example, they are more likely to cut back on restaurant spending because it is more recession-ready. One of the interesting things about mental accounting is that not only do people not consider dollars in different categories to be equivalent, but they also consider some categories more “reduction ready” than others. So even if they are overspending on their utility bills, for example, they are more likely to cut back on restaurant spending because it is more recession-ready.

]]> By: The Economy According to Mint | Technologic http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2619685 The Economy According to Mint | Technologic Mon, 09 Feb 2009 02:41:32 +0000 http://www.techcrunch.com/?p=40302#comment-2619685 [...] statistics about it and what it can show. The personal finance site Mint has its own set of data, obtained from its users: Looking across spending as a whole in 2008, we can see a phase change beginning in the summer. [...] [...] statistics about it and what it can show. The personal finance site Mint has its own set of data, obtained from its users: Looking across spending as a whole in 2008, we can see a phase change beginning in the summer. [...]

]]> By: Economic analysis based on actual data! « Technical Support Geek http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2616946 Economic analysis based on actual data! « Technical Support Geek Thu, 05 Feb 2009 15:00:12 +0000 http://www.techcrunch.com/?p=40302#comment-2616946 [...] Patzer has provided a little bit of the missin detail in a guest post on Techcrunch. Aaron is the CEO of a company called Mint. While I am not personally familiar with the company, [...] [...] Patzer has provided a little bit of the missin detail in a guest post on Techcrunch. Aaron is the CEO of a company called Mint. While I am not personally familiar with the company, [...]

]]> By: Linkpost | 1.30.2009 http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2616635 Linkpost | 1.30.2009 Thu, 05 Feb 2009 05:20:38 +0000 http://www.techcrunch.com/?p=40302#comment-2616635 [...] The Economy According To Mint - Mint uses financial data from its 900,000 customers in aggregate to generate charts/graphs. That [...] [...] The Economy According To Mint – Mint uses financial data from its 900,000 customers in aggregate to generate charts/graphs. That [...]

]]> By: Free 99 Banking « Money Mashup http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2615662 Free 99 Banking « Money Mashup Wed, 04 Feb 2009 04:12:17 +0000 http://www.techcrunch.com/?p=40302#comment-2615662 [...] They look to these aggregation sites to help manage their finances. Mint claims that close to 1% of US households use its site. Wesabe does not release exact numbers but claims hundreds of thousands of users.  [...] [...] They look to these aggregation sites to help manage their finances. Mint claims that close to 1% of US households use its site. Wesabe does not release exact numbers but claims hundreds of thousands of users.  [...]

]]> By: » EverydayUX morsels (January 30th - February 3rd) | EverydayUX: Everyday User Experience by alex rainert http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2615107 » EverydayUX morsels (January 30th - February 3rd) | EverydayUX: Everyday User Experience by alex rainert Tue, 03 Feb 2009 21:06:42 +0000 http://www.techcrunch.com/?p=40302#comment-2615107 [...] The Economy According To MintFascinating aggregate economic data pulled from the folks at Mint.com. [...] [...] The Economy According To MintFascinating aggregate economic data pulled from the folks at Mint.com. [...]

]]> By: The FREAK-est Links - Freakonomics Blog - NYTimes.com http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2614727 The FREAK-est Links - Freakonomics Blog - NYTimes.com Tue, 03 Feb 2009 14:50:37 +0000 http://www.techcrunch.com/?p=40302#comment-2614727 [...] what the economy looks like at Mint.com. (HT: Gina [...] [...] what the economy looks like at Mint.com. (HT: Gina [...]

]]> By: links for 2009-02-02 | Yostivanich.com http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2614697 links for 2009-02-02 | Yostivanich.com Tue, 03 Feb 2009 14:07:52 +0000 http://www.techcrunch.com/?p=40302#comment-2614697 [...] The Economy According To Mint The average customer: "are spending $400 less each month than they were a year ago, have burned through half of their savings, and on average have taken on an additional $5k in debt." (tags: economy economics business recession finance financial data statistics research usa) [...] [...] The Economy According To Mint The average customer: "are spending $400 less each month than they were a year ago, have burned through half of their savings, and on average have taken on an additional $5k in debt." (tags: economy economics business recession finance financial data statistics research usa) [...]

]]> By: Mint, la crisis y los datos proporcionados por las aplicaciones en red - Lo dudo mucho http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2614656 Mint, la crisis y los datos proporcionados por las aplicaciones en red - Lo dudo mucho Tue, 03 Feb 2009 13:18:38 +0000 http://www.techcrunch.com/?p=40302#comment-2614656 [...] y, como todo buen programa en red, recoge información como un cerdo. Así que Patzer hizo esta entrada en TechCrunch, hablando de la economía de los hogares en base a los datos recogidos por su [...] [...] y, como todo buen programa en red, recoge información como un cerdo. Así que Patzer hizo esta entrada en TechCrunch, hablando de la economía de los hogares en base a los datos recogidos por su [...]

]]> By: Johnny Smoke http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-1/#comment-2613949 Johnny Smoke Mon, 02 Feb 2009 18:39:15 +0000 http://www.techcrunch.com/?p=40302#comment-2613949 "Gil - It’s interesting that the average account balance is $5,000 with a credit debt of $2000. I don’t get why they don’t just pay that off. I mean do you really need another debt on your head - or are these people just playing conservatively in case they really need that money?" Gil I don't think these number are accurate. The number I keep hearing from sources like WSJ and NYT is more like $10k-$15k which I think is still not accurate. What about all those people who refinanced their homes to pay off credit cards, buy cars and spruce up their houses? I'm guessing if you add this into the credit card column the avg. American owes more like $30k-$50k - not including their "direct" housing debt. “Gil – It’s interesting that the average account balance is $5,000 with a credit debt of $2000. I don’t get why they don’t just pay that off. I mean do you really need another debt on your head – or are these people just playing conservatively in case they really need that money?”

Gil I don’t think these number are accurate. The number I keep hearing from sources like WSJ and NYT is more like $10k-$15k which I think is still not accurate. What about all those people who refinanced their homes to pay off credit cards, buy cars and spruce up their houses? I’m guessing if you add this into the credit card column the avg. American owes more like $30k-$50k – not including their “direct” housing debt.

]]> By: Estudio con los datos financieros de los usuarios de Mint | Jaime Robles http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2613889 Estudio con los datos financieros de los usuarios de Mint | Jaime Robles Mon, 02 Feb 2009 16:41:29 +0000 http://www.techcrunch.com/?p=40302#comment-2613889 [...] casualmente a través de un feed de delicio.us me entero de que Mint ha publicado una especie de estudio sobre los gastos y estadísticas de consumo de sus usuarios. Es una barbaridadun poco fuerte… esta gente está accediendo a los datos de sus usuarios, [...] [...] casualmente a través de un feed de delicio.us me entero de que Mint ha publicado una especie de estudio sobre los gastos y estadísticas de consumo de sus usuarios. Es una barbaridadun poco fuerte… esta gente está accediendo a los datos de sus usuarios, [...]

]]> By: Linkpost | 1.30.2009 | TechTuneZ http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2613830 Linkpost | 1.30.2009 | TechTuneZ Mon, 02 Feb 2009 14:59:48 +0000 http://www.techcrunch.com/?p=40302#comment-2613830 [...] The Economy According To Mint - Mint uses financial data from its 900,000 customers in aggregate to generate charts/graphs. That [...] [...] The Economy According To Mint – Mint uses financial data from its 900,000 customers in aggregate to generate charts/graphs. That [...]

]]> By: Top 11 Investing 2.0 Thought Leaders « New Rules of Investing http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/comment-page-3/#comment-2613808 Top 11 Investing 2.0 Thought Leaders « New Rules of Investing Mon, 02 Feb 2009 14:25:27 +0000 http://www.techcrunch.com/?p=40302#comment-2613808 [...] Patzer, CEO/Founder, Mint.com: Well, Aaron’s voice has been heard as far as Davos. Helping over 900k users track their expenses and lower their burn rate, Mint has quickly risen to [...] [...] Patzer, CEO/Founder, Mint.com: Well, Aaron’s voice has been heard as far as Davos. Helping over 900k users track their expenses and lower their burn rate, Mint has quickly risen to [...]

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