Allow a bi-weekly instead of monthly budget for paychecks.
Getting payed bi-weekly means some months have 3 checks and others 2 so sometimes I am 50% over budget in that category.
Allowing a different budgeting period for paychecks would resolve this.
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This is crazy, why has a year passed and nothing changed???? I joined mint a few months ago and love the fact that i have all account info in one place. I have a budget already set up in my excel, I just need some plac eto facilitate it so i can easily keep track while I'm on the go. Mint you have to make the budget section more flexible. You have a good service here just listen and respond better to you customers....and quit trying to subtly sell us on you partners.
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Guys, I hate to say this, but you're looking for the wrong thing. You *DON'T* want *budget.* A budget is not a way to predict how much cash you will have on hand on a weekly or biweekly basis. Rather, a budget is a big-picture idea of what you expect to spend each year. If you get paid $1000 every other week, then for 10 months out of the year, you get paid $2000. For two months, you get paid $3000. Your yearly income "budget" is $26000. Your monthly budget is $2167. Some months will be a bit higher, some months a bit lower, but over the course of a year, it doesn't matter, because you're *not tracking account balances in budgets.*
Now, what you're *really* asking for is a CASH-FLOW FORECAST.
A cash-flow forecast looks like a budget, smells like a budget, and tastes like a budget, but it's not a budget. This is not a big-picture plan. It's a weekly, biweekly, or monthly plan of how much cash you will need to pay the bills. Cash-flow plans are based not on budgeted categories, but on *scheduled transactions.* Since Mint.com doesn't allow for scheduled transactions, you cannot do a cash-flow plan with their software.If you use Quicken, Money, or any other personal finance program, you're going to run into this same problem.
I use a very low-cost program called Moneydance, which is available for Mac, PC, and Linux. Someone built a free plugin for it called "Balance Predictor," which does exactly what it says: it predicts your bank account balance for the next 2-36 months based on scheduled transactions. It even gives you a nice little timeline showing if and when your balance is expected to drop below zero. For me, this is absolutely critical when trying to understand my short- to mid-range financial status. Budgets are a nice framework, but without a cash-flow forecast, I would be SOL.
If you really want a cash flow forecast, check into MoneyDance. -
Just wanted to add to the growing list of grumblers. I would PAY for Mint if the twice a month pay feature was there. I work for a software company, so I am on the other side where I know it isn't just a simple thing that can be added but must be re-coded, tested, put through the ropes. But yes, it has been a while now and something should be coming soon unless the R&D department is poorly managed or under staffed.
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Like everyone else on here we too need the 2-week pay period option. Mint is virtually useless without it. Other than that so far I love the product for it's ease of use and feature set. Fix the pay periods PLEASE!!!!!
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I just wanted to let it by known to Mint.com and other users that I am deleting my account on Mint over this issue.
This has been "Under Consideration" for long enough that I can see it is a very low priority issue, but one that clearly affects a number of users.
There are other budgeting tools out there that permit me this functionality, so I will be migrating back.
What a shame. -
You guys have been forwarding this little thing to your engineerings now for over 7 months. It's not that hard to do. If you do not want to do it then let your users know that it's not going to happen and give them the choice to stay or go use someone else. If your so called engineers can't do it, then make the application an open source, I guarantee you that there are plenty of developers that will fix this issue in weeks not years.
Mint should remember how they got started. Someone hopefully frustrated enough with mint, will write a new app that will give us all what we want and have been asking for over a year now. You have a great thing going here, make it better guys. Stop lying to us. Does your so called engineers even see this request?
You need to forward this request to the intuit executives, since they now own mint. This is what happens when good thing are taken over by big companies. Nothing gets done.
Mint seem to be regressing. Nothing good had happened with mint since intuit took it over. Aaron Patzer should never had sold out to intuit. Turned out to be a horrible business move -
I wish I hadn't spent all this time setting up my financial info only to find this website is useless to me, for such a simple issue. Thank God I didn't invest any of the little money I have.
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I get paid monthly, but on the 26 th of each month. I would like to have the ability to define the days that make up a budget period.
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Yep, I too need bi-weekly
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We have this same problem. We have a bi-weekly budget already to match with my pay cycle. We like the idea of mint.com, but there's no way to make it work with our existing budget plan.
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i basically can't use Mint unless they get this stupid bi-weekly pay feature. It's common to get paid this way, how hard can it be to add this feature?
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i basically can't use Mint unless they get this stupid bi-weekly pay feature. It's common to get paid this way, how hard can it be to add this feature?
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We have this same problem. We have a bi-weekly budget already to match with my pay cycle. We like the idea of mint.com, but there's no way to make it work with our existing budget plan.
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Totally agree. I get paid on the 5th and 20th. I really can't use mint.com until that feature is there.
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+1, but make sure we have the option for weekly, too. In fact, most of the budgeting options could be a little more flexible without making it too complicated. For example, my car insurance is charged 9 months out of the year, but setting up the budget for one annual payment, and saving the correct amount per month makes it look like my budget is over on the months it gets debited...
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I get paid monthly, but on the 26 th of each month. I would like to have the ability to define the days that make up a budget period.
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I get paid bi-weekly, too. I probably won't use mint.com if they don't add that feature.
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This is just another symptom of the fact that Mint is stubbornly refusing to implement reoccurring transactions of any kind in their software. It's been one of their most requested features for over *six* months now, and they continue to refuse to implement it in any kind of timely fashion. Quicken Online had it right, but they ignored all of the praise that feature got, and instead chose to implement their "Goals" feature instead.
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Herp derrrrrrp my nomm is mint.com an i tink al pepl gets pad evy mont 1 big big mony chek. no 1 pepl get paid evy wek or 2 wek. dat dum!
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I agree!! I get paid twice a month, it really makes a difference when budgeting if you don't get paid your whole paycheck all at once.
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Yes!! I believe that I read a response to no bi-weekly paycheck option from Mint has been that it still works with zero-based budgeting, which is great... except when not everyone likes to budget that way. Until this becomes an option in Mint, I will still be tied to MS Money.
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Hello Minters,
This is not possible just yet because we do not have such feature. However, this is a good suggestion. I'll forward this to our Engineering team to check how they fit this in. Our Product team does take all products requests seriously & will consider your suggestion.
Best,
Wena S.- view 8 more comments
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I just set up my Mint account only to find that the biweekly pay feature is not available. What a waste of my time. This service is useless to me.
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yup...same here. wasted a day inputting all of my accounts, then realized there was no recurring payment/income feature. wished I'd read these comments before investing a bunch of time in this useless app.
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Just rolling over the income category would work well too- you could divide the annual income by 12. Some months you'd be over budget and some you might be under, but if it could rollover that would all even out in the end.
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One small flaw with your math - I believe 13 pay periods would be only 6 months, not one year (I'm a federal employee and we have 26 pay periods/paid every two weeks schedule here...)
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Yes, I meant 26 pay periods not 13. The example of averaging it out or splitting the paycheck and putting different dates on them work as well.
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An absolute must for zero based budgeting! Please figure out a way this can be done.
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I am sorry, but based on what I see, there has been no update on the bi-weekly feature (necessity IMO).
Pity, it looked promising.
Ronald -
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Hello Minters,
Thank you for sharing your thoughts. Our Product team is taking it into consideration but we can not give you an estimated time on when will this feature be available.
We will post an announcement here at forums if this is already available to our users.
Best,
Wena- view 3 more comments
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Wena, It has been 3 months, can we get an update on this issue?
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I was initially excited to try Mint, then I discovered how weak an offering it was. I simply cannot understand the arbitrary restriction of only supporting monthly budget cycles. I'm paid twice a month. My wife is paid every 2 weeks. This is a no brainer!
I first started using budgeting software when the Internet was only a twinkle in Al Gore's eye. ALL of the budgeting tools I have used included support for these common pay schedules.
I came back to Mint this morning hoping to see that they added this basic requirement. Sadly, despite vague, empty promises to consider users' feedback, it is still missing.
Goodbye Mint, you had such potential... -
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Everything always feels a mess without this ability...not sure I will continue to use...
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Until this feature is implemented, I'm going to go ahead and delete my account. Mint doesn't work at all for me because my months get completely messed up by not being able to set fiscal months. And I do not like/agree with the whole "set your paycheck forward one day" stuff. Thats just obnoxious and kind of working against what Mint is trying to do.
I'll check back another time. Thanks anyway, Mint! -
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Wow, this is such a basic thing, how can people budget properly without being able to set their income properly?!
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I hardly ever sign into mint anymore... it's basically useless for me without this ability. I guess it's nice to sign in and go "oh, look, there are all my balances. cool." that's pretty much all I can use it for since I can't budget and the goal thingy doesn't work right... but that's another story.
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I wish I hadn't spent all this time setting up my financial info only to find this website is useless to me, for such a simple issue. Thank God I didn't invest any of the little money I have.
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Same here... This tool has no use to me if i cant have an accurate biweekly pay input...
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When I realized that you could roll over budget into the next period, I got really excited about using Mint for doing my envelope budgeting. I've been using neobudget, which is fine, but it's not nearly as slick as Mint, plus they charge a monthly fee. But then I realized that you can only set income on a monthly basis. I receive a bi-weekly paycheck and an annual bonus. So unfortunately, I'm going to have to stick with neobudget. bummer.
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yes, yes- bi-weekly pay check budgeting a must. i just spent a lot of time setting all my accounts and expenses up for a budget only to realize that the system won't let me account for 26 pay checks - not 12!
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Me too! Very disappointing that something as basic as this was not available! Hopefully they will make some changes!
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+1
I'm paid every 2 weeks = 26 pay checks. Makes budgeting accurately impossible. -
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Having the ability to customize pay dates is huge! Without it, this webpage is not useful to me! Please consider as I am sure this effects a large amount of the population!
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This really needs to be fixed. It is the only reason I'm not a Mint user. Not having this feature makes using Mint just as administrative as managing a spreadsheet.
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This feature has been in-waiting for 5 months? How is biweekly paychecks not a primary option for income? I guess I can't use mint.com and will have to cancel my account.
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Going to have to cancel my account as well. Biweekly is a necessity -- any "suggestions" for workarounds are simply unusable hacks.
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Really need to have a biweekly paycheck option. This is a feature no other program ever gets right.
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I couldn't agree more. I get paid every second Friday, like almost everyone I know.
In my financial situation every dollar of every paycheque is accounted for in some fashion and if I mess up, I can easily miss payments or have insufficient funds for automatic bills.
Mint.com is absolutely worthless to me without this feature. I'll go back to my excel spreadsheet, thank you very much. -
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This really has to be addressed. it should be the top priority for the development team. I do not understand why it still goes unfixed. Mint.com is worthless to me right now.
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I can't believe this hasn't been fixed yet. There is no reason why it should take 6 months to implement the ability to allow for bi-weekly paychecks. I was so excited to start using Mint.com but it is essentially useless to me since I can't accurately budget for each month. All of the features that are promised and promoted are useless to me right now. If this doesn't get resolved in the very immediate future I will be deleting my Mint.com account.
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I just spent a couple of hours inputting info and setting up accounts only to find out that I can't change my income to bi-monthly which sucks. I looked at my income and realized it is too high and then figured it out. I also would like to be able to do bi-weekly mortgage payments because that's how I'm set up. Mint seems great, but without this its basically no good to me.
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You guys have been forwarding this little thing to your engineerings now for over 7 months. It's not that hard to do. If you do not want to do it then let your users know that it's not going to happen and give them the choice to stay or go use someone else. If your so called engineers can't do it, then make the application an open source, I guarantee you that there are plenty of developers that will fix this issue in weeks not years.
Mint should remember how they got started. Someone hopefully frustrated enough with mint, will write a new app that will give us all what we want and have been asking for over a year now. You have a great thing going here, make it better guys. Stop lying to us. Does your so called engineers even see this request?
You need to forward this request to the intuit executives, since they now own mint. This is what happens when good thing are taken over by big companies. Nothing gets done.
Mint seem to be regressing. Nothing good had happened with mint since intuit took it over. Aaron Patzer should never had sold out to intuit. Turned out to be a horrible business move-
Couldn't agree more - I've been using this site (or trying to) since 2009. Not only have they not added my primary bank despite monthly requests (that's right - over 24 times!), but I've always gotten paid on a bi-weekly basis. I don't know coding and software, but I do know math and good basic customer service - guess what Mint.com, this is NOT CUTTING IT.
I'm going to search out there for another free program. Once I find it - I will be posting here. (Unlike some companies, I believe in helping others and sharing ideas!) -
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I haven't been able to use Mint effectively since changing jobs and being switched to a bi-weekly pay schedule. It's been a very long time (in web development years) since this issue has been brought up, and no progress seems to have been made. Updates would be nice. Timelines would be nice. But if this is not going to happen, I'd rather not keep my Mint account open (with all my finance information) for no reason.
This is mega lame, guys. We just wanna know what to expect. You have an otherwise great tool here, and I just wanna know if I'm going to be able to use it. -
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EEBA (android, Ipod, Web) does offer any budgeting period. So do 20 other programs, but Mint is so smooth that I want to use Mint. But alas, I'm using EEBA. Seriously Mint, how can I trust my banking info to someone who can't set up two week budgeting. Is anyone there listening?
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I just wanted to let it by known to Mint.com and other users that I am deleting my account on Mint over this issue.
This has been "Under Consideration" for long enough that I can see it is a very low priority issue, but one that clearly affects a number of users.
There are other budgeting tools out there that permit me this functionality, so I will be migrating back.
What a shame. -
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This is useless to me with no bi-weekly paycheck option!! After wasting my time to set this up only to find no bi-weekly option I am very irritated!
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I know this isn't a solution per se, but just throwing it out there... I'm paid bi-weekly as well. While I would like a bi-weekly Mint setting, budgetting around 2 paychecks/month has one big advantage. Two months a year, when we get 3 paychecks, it's like a bonus that can be used for unplanned expenses or put into savings. I would highly recommend this strategy if you can do it.
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I have the same challenge. Would really like the ability to not only break the income budget into two pay periods, but even break the entire month up into multiple budget cycles. For example, since I am paid bimonthly, I would like the ability to budget half of my larger monthly expense transactions into the first half of the month (mortgage payment) and the other half (auto payment) after the 15th of the month.
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I agree, hubby is paid bi monthly, 7th and 21st. Its frustrating to be limited from the 1st -30/31st for a budget because our budget doesn't work that way. I can use mint, but it is far too limited for me. :(
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Please add bi monthly paycheck. I love this program but I can't use it unfortunately.
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+1 for this feature. Please PLease PLease I will pay money for this!!!!!!
All of the budgeting features are meaningless without it. -
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I was going to switch over to Mint to budget, but without this feature, I pretty much can't do it. Which is really unfortunate, but it's just not possible to adequately keep track of my money without dividing it up bi-weekly. Guess I'm going to have to stick to my Excel spreadsheet.
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I agree with everyone else. There are other personal finance software that allow different income structures and its can't be that difficult to add the feature if they wanted to. I'm personally paid weekly, working temp-to-hire then I will be paid monthly. But until then I can't use a monthly budget getting paid weekly. I don't understand why mint didn't allow for the option of choosing how often one is paid from the beginning. And it is completely senseless that they aren't taking the issue seriously. A random, vague comment from a mint rep every so often isn't going to cut it for me; I'm deleting my account.
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Mint. Fix. This. You are losing us. I sign into mint every few months thinking I will be able to figure out how to make this work, but the monthly budgeting is throwing us.
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Yes please make this a feature. I joined 6 months ago and still cant really use mint like i want to. Im not spending a hour each day to change transaction dates. Please Please add this.
Thank you. -
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I like using mint and being able to see all my accounts in one place. But unless we can set it up so that it knows our individual pay schedules, the budgeting is broken. And to Heathbar - I already budget for 24 paychecks, outside of Mint, so I do use the "extra" 2 paychecks for whatever, but that still doesn't make Mint work.
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Like everyone else on here we too need the 2-week pay period option. Mint is virtually useless without it. Other than that so far I love the product for it's ease of use and feature set. Fix the pay periods PLEASE!!!!!
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I understand the software development process is complicated. With this being said, however, I would really like to see more communication from mint.com . In the case of this topic, there are now 200 users that like this idea and are following this topic. It seems to me that having 200 users that like an idea and that follow that topic would warrant more attention / communication on the part of mint.com . I too, agree that mint.com is a great product and I appreciate being able to use it, please mint.com communicate with your users, us, more. I have seen another topic with 500 users and there is little communication there as well.
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I just posted a similar question to this before I found this thread. Like everyone else, I think that the budgeting feature is useless without this flexibility. Please Mint! Make this change.
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What a waste of a website - wish I had realized this issue before I went through the hassle of setting things up. Back to using a spreadsheet for me, since a few pretty graphs aren't going to keep me on this website if I can't even correlate my income and expenses on a platform that's SUPPOSED to be about helping you budget.
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I have been preaching Mint for months, since I was only using it to track my spending habits. Now that I want to use it to plan my budget and start saving for bigger expenses, I agree with what everyone has said on this topic. Starting to look at PNC Virtual Wallet instead of Mint...
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Im not going to bash Mint, but... yes.. I would really like to be able to budget per paycheck. And as others have said, it would be nice to indicate when those payperiods occur. Sometimes I get paid on the 30th if the 1st is on a Monday, so budget-wise Id like to be able to manually apply transactions made on the 30th to the budget/paycheck they were drawn from.
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I get paid on the 7th and 22nd of the month, but if those dates fall on a weekend or holiday I get paid the closest business day to those dates!! Can the feature be so that one is able to map out payment dates....deposit dates...etc..for a year? or at least 6 months in advance???
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I really agree. I've been waiting and waiting for this feature. I haven't found any software that allows for this functionality. Hopefully this is in the works for mint. I would love to start using the site. But right now I am using spreadsheets as well.
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Add another vote for this feature request. I tried using Mint a few years ago but had to fall back to a different program because of the lack of support for bi-weekly paychecks. I keep checking back every few months looking for this feature. Please prioritize implementation of this!
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One idea would be to find your avg monthly income and then enter that. Sure some months will be less and some will be more, but you could have it be a carry-over budget and hopefully at the end of the year it would balance out.
I still like the idea of support for bi-weekly paychecks, just offering my 2 cents for a workaround. -
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I get paid twice a month on Friday. Because of the way Mint is currently set up, it makes it seem as if I'm over spending some months, when in reality I have money in the bank. It would really help me keep track of how much I'm actually spending a month if I could define that month as a 28-day period that corresponds directly to my pay checks.
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I'm angry that I spent hours setting this account up and syncing everything, only to find out that I can't even use Mint! I get paid weekly during the summer and bi-weekly during the school year, so having only monthly income is completely useless. I could project my monthly income, but it would end up doing more harm than good. I love the look and feel of Mint. It's sleek and easy to use, but this is pretty much a deal-breaker. Obviously this issue is a major problem for more than a few Mint users.
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My guess is half of the users out there get paid biweekly or weekly. This is the case for me. I L-O-V-E Mint. Constantly word of mouth marketing it's greatness to friends and family, but this is a significant functionality gap. We use the budget feature and it is great, but I have to do guesstimates to decide what bills to pay in the first half of the month and which bills to pay in the second half. It almost negates the positives of the budget tool. Any chance this has moved from a "being considered" to "planned" status, Mint?
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Being able to add budget items in bi weekly or weekly formats would be very useful.
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Really need this! I get paid weekly so even though it says I have X amount in my budget I really don't and that gets confusing when you are trying to budget for unexpected expenses.
If so many other programmes offer this feature why can't Mint?? Really, I want to hear an explanation from an engineer as to why this can't be done, why, after a year, they still have not figured out how to do this. -
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its sad that its been over a year now and they still dont offer what should be a very standard feature. Time to look into another budgeting program.
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I agree! Please add this functionality soon. I love using Mint, but it is not as accurate as I would like because this feature is not available.
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Just wanted to add to the growing list of grumblers. I would PAY for Mint if the twice a month pay feature was there. I work for a software company, so I am on the other side where I know it isn't just a simple thing that can be added but must be re-coded, tested, put through the ropes. But yes, it has been a while now and something should be coming soon unless the R&D department is poorly managed or under staffed.
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what a bummer that this wonderful app can't be used by a large portion of the professional workfoce.
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Totally agree with everything said above. Nothing new to add. Can't believe the level of responsiveness from Mint.
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Why is this merely "Under Consideration"? This should have been implemented within weeks of the original posting a year ago, if not in the very first iteration of this site to begin with. The lack of this feature is a clear oversight on the part of Mint or its coders.
For the record - like the user techgurl above - I too work in the software industry as an analyst for a major commercial enterprise with serious uptime and development cycle requirements serving mission-critical infrastructure applications, and I know better than most what it is I'm asking for here... and I still don't see any excuse for the lack of it. -
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Completely agree with all comments above. I've been searching the forums for all topics related to this weekly budgeting issue to "follow" them so this issue will continue to stay at the top of Mint's queue...hopefully they can't ignore this forever.
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Its been 9 months since an official posted on this forum. I would appreciate if there is at least a status update given -- one of the three below (a) the new feature implementation is underway, (b) new feature implementation has not started but will be starting soon or (c) we will not begin implementing this feature in the near future.
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I have to agree with everybody here. Most people do not get paid monthly. We either get paid weekly or bi-weekly. The ability to adjust our budget to match our income will make it a lot easier to account for our finances.
We haven't seen any information about your plans to incorporate this into your site. We would like to hear some feedback from management on this subject. -
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Ditto Ditto and Ditto! - this should be a basic feature... and overall, I would gladly pay Mint a small fee for this service once all the buggies are sorted and shaken out.
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I like budgeting monthly even though I'm paid bi-weekly. It means twice a year I have an extra paycheck. I choose to use it for gifts, unexpected expenses or extra savings.
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I agree, this is a very necessary feature. Please add it!! Thanks!
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What are the other budgeting apps that do allow bi-weekly accounting for paychecks? I'm ready to leave Mint if there's something else.
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Quicken. Also owned by Intuit but the product has been around for ages and works quite well. Mint, from what I can tell, is simply a 'pretty' version of other financial management tools but it lacks basic functionality.
I'm sticking with what's worked (for years)... back to Quicken for me. -
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Please Please Please do this. I think that allot of shift workers get paid this way. We need to track our finances as well in a way that makes sense. In two week periods.
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Agreed, I think I'll go back to my excel document. It fits my budget (savings categories and paychecks every two weeks) better than this site. Very disappointed.
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It's pretty shocking that in this thread Mint said they'd look into this 11 months ago (I'm writing this on 9/21/11) and still nothing. It seems like such a basic concept... how people get paid!
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Some of you guys are way overboard on this.
I really do not think bi-weekly paycheck budgeting availability is worth paying nor do I think the absense of this one feature makes the software usesless. These comments make us look unreasonable and reduce the likelihood that this feature will be implemented.
Do not get me wrong, I would be willing to pay a nominal fee for the software if it incorporated sufficient features that were relavant to me and it was competitive with other fee based financial software. I just do not agree that this one feature makes the product worth paying for.
As far as the product being useless to many, that is BS. I am paid bi-weekly. There are two workarounds:
First option, you setup your budget for only two paychecks a month. Two months out of the year, you get a third paycheck. Its like a bonus. Frankly, I use this 'extra' check to handle annual/semi-annual expenses such as car insurance.
Second option, you setup your budget for 1/12th of your annual salary. For 10 months out of the year, you will be a whopping 8% short on your income. For the other two months of the year, you will be 38% over on your income. For the year as a whole, you will be even. The less money you make, the smaller the difference will be.
Having said this I agree this would be a great feature to have. I have responded in this forum as well as several other idea threads asking for the same thing. This thread is not the first and it wont be the last. If we really want Mint to take this more serious, please stop it with the drama. That does not pay the bills for Mint nor does it increase your credibility.- view 1 more comment
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If you don't get paid this way, you simply don't "get it." Easy for you to say. It truly does make Mint useless for a money management tool. I refer to it maybe once a month to look at various balances, but that it ALL that it is good for.
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He said he does get paid biweekly.
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This would be a great idea. Also make a paycheck template for splitting paychecks to account for pre-pay deductions like taxes, medicare, social security, 401K. As talked about in this idea ...
http://satisfaction.mint.com/mint/top... -
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Just adding my voice... weekly/bi-weekly income allowance would be greatly appreciated.
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I'm sure it's just piling on at this point, but hopefully more comments means a greater likelihood of this issue getting fixed.
We're starting our budget, which we are WAY overdue. We've got spreadsheets from Dave Ramsey, but it would be much easier if I could do this through Mint.
So as a prime example, I'm getting paid on the 30th of September and will get paid again in two weeks. Ultimately, having this paycheck apply to September does us no good for October. Additionally, we'll be grocery shopping for this pay period, so it would look right if we could get this shopping to apply to our October budget instead.
Ultimately, I think we can work around it, but especially right now as we're trying in earnest to really start up our budget, it would be great if we could get our budgeting to line up with our paydays. -
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How can this take a year to add? This is such a basic feature. Who gets paid in monthly paychecks? Its always weekly or bi-weekly.
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I am paid monthly but if payday is not on the 1st of the month, it occurs on the last available business day of the previous month... if there was an option to rollover income each month, that would be enough for me. I feel the budget feature is still usable, in that I can still track how much I've spent in each category and if I'm over/under for the month, which is what I think really matters, but it is annoying/disconcerting not to see my monthly paycheck there. It's like it never existed, just because it predates October.
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After having just gone through a three-paycheck month, my mint budgeting is now broken. Mint budgeting is almost useless for people who get paid bi-weekly without this feature.
For a company who's product is for personal financial management, this feature should have been available from day 1. The fact that this this hasn't been fixed in a reasonable time frame since it was reported/requested shows a lack of management or software development talent (or both). -
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Based on the first couple comments (not to mention the hundreds following), this should be treated as a BUG FIX, NOT "enhancement." Please fix this ASAP. The sooner Quicken gets on these types of fixes, the sooner it can charge for this software.
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Count me in. This would finally make budgeting in our household work in electronic form. Mint is a cute novelty otherwise, and not truly useful.
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You gotta be kiddin' me? I get paid weekly and cash flow can be very different for me than those paid monthly. :/
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I have no idea how the mint software is coded, but if the paycheck truly is a budget item like all the others just adding the rollover checkbox would provide SOMETHING of a work-around.
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This is also an issue for me as a grad student. I am paid monthly by my employer, but I also receive a stipend 3 times a year (Fall/Winter/Spring) from school. When I'm lucky and get a fellowship then I have a 1 time chunk of income. All these different income sources are integral to my budget since I couldn't live off of my earned income each month. I set aside my bigger stipend checks to pay for school expenses and my mortgage, and I use my monthly earned income for other bills, groceries, transportation, etc.
This issue applies to expenses too. I usually spend $200-400 per quarter on books and software for school. It doesn't make sense for me to budget $200-400 each month for school stuff, but the months I do have those expenses they certainly need to be in my budget...
I don't think it's being overly dramatic to say that this all really screws up my attempts to budget on Mint. This should be a basic feature. -
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Add this feature and the entire product is highly useful. Without this feature, this is just a transaction list - budgets, goals, etc. are completely meaningless. Another way to list my transactions is completely useless to me.
So, with this = great. Without this = worthless. -
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Mint.com, you are basically giving a big slap in the face to most workers in the service industry who get paid every other week. Nurses, police officers, teachers, etc.
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Sounds like the "99%" is demanding a change...
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I'd like to see more than just the monthly option. I used to get paid every two weeks, but my husband currently gets paid on the 5th and 20th. It would be more helpful for me to see what we currently have while budgeting, rather than a total that we are supposed to get. Plus, the budget is really off at the beginning of the month. Typical finance software has pay period options of at least weekly, bi-weekly (every 2 weeks), semi-monthly (twice a month) and monthly. Now there are people who are paid annually and others who have varying pay periods such as being paid monthly for 9 months and no pay when they are off summer/winter months. In MS money, you could go in and edit the budget and tell it to skip certain instances of bills or deposits. That was very helpful to me when my husband was on piece rate (talk about a budgeting nightmare) and did not have paid vacations or sick leave.
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Just want to add my name to the growing list of people who would like this option. Get it together guys, its been months since this was suggested, its a big problem, we should at least have heard a "this will happen and we're working on it" by now.
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Just discovered Mint and it is great to have all my financials aggregated. I share the sentiments of the others posting here : it is limited without the bi-weekly feature. Will use Mint for now, but will be on the lookout for a program that takes into consideration bi-weekly paychecks ("paycheques" in Canada :-). Hopefully that program will be Mint!
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I don't think it is a big problem. I get paid bi-weekly, so the paychecks arrive at different times each month. I budget the same income each month, which is 1/12th of my yearly income. Most months my actual income is less, and it appears that my balance should be getting lower each month while I wait for the month with 3 paychecks, but since the paychecks get a little earlier each month it actually works out okay. It does not allow me to budget down to the last dollar, but as long as I have some buffer that is not necessary.
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stesteve,
I would agree with you, but the fundamental trend here is that this company is not being responsive to the needs of its customers, not necessarily figuring out a work around. I for one, would prefer accuracy at a fee rather than guesstimation for free. -
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I would really like to see the bi weekly as well or decide how long my budget lasts to begin with. My wife and I budget everything for about every two weeks instead of on a monthly basis. It would be even better if I could choose when the budget occurs. For instance in november I would like to have one budget for the 1st - 14th. Another budget would be for the 15th - 30th. We are currently doing dave ramsey to pay off our extra loans and using mint is cool but much more difficult since we don't budget for an entire month but for around a two week period.
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i guess this is what happens when you sell out to a larger company. slow results for loyal clients. intuit sucks
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I can't really see the value in using Mint until I can add a bi-weekly paycheck budget.
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It has been over a year since an employee responce. Can we get an update? Mint is awesome except for this EPIC FAIL. I think this is becoming more and more common to be paid bi-weekly. Can we get a fix please.
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Income frequency should include: weekly, bi-weekly, monthly, bi-monthly, quarterly (e.g. profit sharing, bonuses), annually, semi-annually, etc. Recalculation to a monthly equivalent can be done in the background.
I agree with the previous posts. Now that Intuit owns Mint, it appears the "big dog" on the block don't have to (or want to) listen to us little guys. Where's the next "Steve Jobs" that will be more responsive to customer ideas/suggestions? -
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Without bi-weekly Mint has become fairly useless to me as a budgeting tool and more of just a reporting tool to know what I spent my money on, rather than being a budgeting tool so I know when/how much to spend. :( Seeing the lack of response from Mint on this topic is disappointing. I am in Canada and a good 70% of employees are paid bi-weekly here. Like seriously, who is paid once a month?
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As MANY of the people have said, I would GLADLY pay for the software if it only had the bi-weekly option. I love the product otherwise. I have been trying to find something for my wife and I to keep our budget together, where we can sync from our phones or the computer, and Mint is PERFECT. . . . . . Except my whole budget revolves around bi-weekly payments and being able to do things on a bi-weekly basis.
As someone else said, I am also a software engineer, and I understand the difficulties in getting new functionality out, but of all the requested new functionality, this seems to be REALLY the most important one. . . . I REALLY hope something comes along soon because none of the other apps I have been reviewing have the range of functionality that Mint does (and they STILL offer by-weekly budgeting). -
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Well in addition to the bi-weekly option can we have a weekly option too? Or let's get real crazy and allow folks to set it up however they like with a scheduling feature like Outlook (1st/15th each month, First/Second Friday, Every Thursday, etc.)
This shouldn't be a tough thing to do if you've already got similar things going for auto insurance and other periodical expenses.... And it's obviously the difference between you guys having a good product and a great one. At least according to the TON of posts before mine.... -
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This is my only beef with mint.com. I'm a bi-weekly paid employee and it just makes more sense. I've resorted to an excel spreadsheet I've created, but it's no where near capable as mint. Please, I'm begging now.
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We're tired of bi-weekly paycheck discrimination, and we're not going to take it anymore!
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A bi-weekly paycheck functionality would really add value to this service.
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While I would LOVE to get paid once a month, I get paid every two weeks like so many other people. I would also love a bi-weekly pay option. It seems like this has been a long-standing request, so I am wondering. . . why hasn't this option been integrated yet?
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It really would be fantastic if I could set two bi-weekly paycheck budgets, one for my checks and one for my wife's - but have them all show as a single Income category. Or, if I could set one-time income budgets for the months where I know an extra check is coming - every option I try to set up seems to want to make the extra income recurring monthly, which it often does not.
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AM I dreaming or it's not done yet ???!!!
How is it complicated to develop ? -
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As I said elsewhere:Not having this feature truly does make Mint useless for a money management tool for the bi-weekly paycheck person. I refer to it maybe once a month to look at various balances, but that it ALL that it is good for. The inflexibility and Mint's seeming not to even care to address this request in ANY meaningful way gives us a good idea of what our ideas really mean.
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Well I have the same problem as everyone else here. My wife and I are paid biweekly on alternating weeks with occasional bonuses. Without the ability to set the budget period to either one or two week cycles we cannot manage the cash flow.
We're really disappointed about this. My wife and I would be willing to pay a hefty fee for this software if it could do the job, because it's currently the only software that will do direct downloads from Canadian banks. We will have to delete our account since after one year this topic is still "under consideration". Should this functionality be added and one of mint.com's employees actually reads this please notify us and we will happily sign back up or buy the "full" version.
Sigh.... back to the spreadsheet :( -
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Quite astonishing that a budgeting and financial tool does not have a plethora of payment schedules, biweekly is critical.
Mint sold-out to Quicken though, they have a vested interest marginalizing Mint.com - want biweekly? Buy Quicken!!! and then we can spam you with ads and sell your financial info to our "partners". -
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7 months and still nothing... Mint please get with the majority and update to bi-weekly...
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I set my monthly budget to my average monthly income (~2.17 x One Bi Weekly Pay Check) rather then setting some months to 2 paychecks and others to 3 paychecks. I find this works out better! When was adjusting my budget each month to my real income for that month, I found the 3 paycheck months leave me feeling too rich and over spending while the 2 paycheck months caused me to reduce goals that I could actually be making using the average monthly income amount. I am fortunate that I am not living paycheck to paycheck and I understand that the average may not work for those who are.
Please consider adding an option for the user to enter the:
1. Frequency of paycheck (weekly, biweekly, monthly, etc)
2. First paycheck date
3. Average Paycheck Amount and/or hourly pay & hours worked per week
- Hourly pay is required for monthly paychecks, which have varying days each month, in order to predict the actual monthly income.
Then display on the budgeting page both:
1. Average monthly Income.
2. This months expected income & progress.
And allow the user to decide which they would like to use for budgeting. -
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I get paid every two weeks and I dont have a problem using budgeting and mint. People complain too much.
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I would love to see this feature come to fruition, but even without it Mint.com is definitely helping me become more budget conscious.
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I've been using Quicken for YEARS and it's always done right by me. With that being said, I started using Mint for our family finances when we purchased his/hers iPads as I thought having access to the information would make it easier.
I'm discovering that, although Mint is now owned by Intuit, the makers of Quicken, it lacks in just about EVERY area that a family financial planning program could.
Not having the ability to plan for bi-weekly paychecks means a HUGE disruption in our monthly budgets, forecasting etc, making Mint completely useless to anyone who wants a concrete financial plan.
I am tempted to go back to using Quicken 2011 until Intuit gives us a better application. -
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A tool that does provide weekly and bi-weekly budgetting is eeba (www.eebacanhelp.com) which is very nice. The one problem I have with EEBA and that I really think is a key differentiator with mint is the ability to automatically download transactions from my online accounts. With EEBA you have to save off a .csv file from your institution and then import into EEBA. Which isn't too hard, but doesn't give you the nice real time updates to what my wife and I are spending that mint.com provides.
Since this topic is over a year old, I guess I am going to have to continue to look else where for the functionality I want in an online budgeting tool. I want auto downloads from my online accounts and weekly budgeting and access to all this information from multiple smart phones so that my wife and I can be on top of what we are spending.
Mint.com is really 1 funcational change away from being the premiere budgeting and tracking tool on the market. -
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I just signed up to use Mint based on reviews from several sources. I liked how easy it was to set up until I got to the budget process. I was shocked to see that Mint did not support the ability to enter payroll via bi-weekly or others. Then to see this was been noted in here for over a year. The real shock is that this ability was clearly part of Money and Quicken for years. You would think it would have been one of the first features programmed to Mint. I did send a note to Mint.
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I just spent the last day or so setting up Mint - but am now very disapointed and will likely move to another on-line site because of the bi-weekly payment issue noted above. In addition there is no ability to enter in one-time bonuses - which I recieve at the end of the year-- very disapointing!
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I have spent hours setting up my Mint account. Now, I find that I can't use bi-weekly or even, select a date for the budget to start. The program is now useless.
For a highly recommened app, I am very disappointed. I've 'googled' for additional information and I can't believe how long this issue has been open for.
Very disappointing. -
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Having one-time income would also be great!
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Would actually use this site if biweekly/semimonthly/weekly occurrences were available for EVERYTHING. let me set up my budget the way it actually happens. don't know why its so hard to find a budget app. back to the spreadsheets!
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Guys, I hate to say this, but you're looking for the wrong thing. You *DON'T* want *budget.* A budget is not a way to predict how much cash you will have on hand on a weekly or biweekly basis. Rather, a budget is a big-picture idea of what you expect to spend each year. If you get paid $1000 every other week, then for 10 months out of the year, you get paid $2000. For two months, you get paid $3000. Your yearly income "budget" is $26000. Your monthly budget is $2167. Some months will be a bit higher, some months a bit lower, but over the course of a year, it doesn't matter, because you're *not tracking account balances in budgets.*
Now, what you're *really* asking for is a CASH-FLOW FORECAST.
A cash-flow forecast looks like a budget, smells like a budget, and tastes like a budget, but it's not a budget. This is not a big-picture plan. It's a weekly, biweekly, or monthly plan of how much cash you will need to pay the bills. Cash-flow plans are based not on budgeted categories, but on *scheduled transactions.* Since Mint.com doesn't allow for scheduled transactions, you cannot do a cash-flow plan with their software.If you use Quicken, Money, or any other personal finance program, you're going to run into this same problem.
I use a very low-cost program called Moneydance, which is available for Mac, PC, and Linux. Someone built a free plugin for it called "Balance Predictor," which does exactly what it says: it predicts your bank account balance for the next 2-36 months based on scheduled transactions. It even gives you a nice little timeline showing if and when your balance is expected to drop below zero. For me, this is absolutely critical when trying to understand my short- to mid-range financial status. Budgets are a nice framework, but without a cash-flow forecast, I would be SOL.
If you really want a cash flow forecast, check into MoneyDance.-
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Exactly. Mint is great for having analyzing your transactions and categorizing things so you can see where you are spending your money and helping you stick to budgets for that money, but if you want to know how much cash you are going to have on hand at any given time you need a cash flow forecast.
I would suggest setting up an excel spreadsheet to track your incoming and outgoing money, and then you can easily predict your cash flow. I've been doing this for years and couldn't imagine trying to stay on top of my financial situation without it.
As far as having a feature in Mint for biweekly paychecks, you don't really need it. You are only going to have 3 paychecks in a month twice per year, so you can easily keep track of that in your head and know that on those two months your income budget is higher. Even if Mint let you put in a biweekly paycheck, the actual budget would still have to be monthly, and thus it would just multiply your biweekly paycheck by 26 and divide it by 12 to get your average monthly income. You can easily do that yourself. -
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I love mint but without this feature it does not make it much better than my bank's online banking service.
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I've been using Mint for almost 2 yrs now and my wife recently took a job with bi-weekly pay. Would be very nice to have this feature!
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I completely agree. I used to get paid weekly through a temp agency, and Mint was great then. I have since become a permanent employee with my company and get paid biweekly. Mint has just become a headache since then. I have to change my budgets every month based on how many times I get paid that month. Mint is supposed to make budgeting easier, not more of a headache.
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I am new to mint, trying to budget for the first time, it only makes sense to have biweekly pay option. Really should be able to setup any pay period you want. It would be great if this problem was fixed.
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Hi Mint,
Are you you purposely ignoring the voices of your users or just severely short staffed? All we are asking for is IF and WHEN a biweekly budget/cashflow feature will be available. If you do not plan on adding one, please communicate that to us so we can move on. -
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Just adding to the list of people who want this feature! . i agree, there should be a way to rollover, especially for those of us who are students and get loans twice a year that are supposed to last us the whole year. It's so annoying and sad to see that I'm always in the red! Otherwise I love mint!
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It's ridiculous that this feature hasn't been addressed. Worthless to budget and forecast cashflow without it. Otherwise a neat product as a simple novelty. Got my banking info to my phone when the BB&T app itself wasn't able to do so.
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Hear, hear, tempo999. Mint. Why on earth would you not set expectations with us? Completely infuriating.
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I get paid weekly so some months I have 4 pays but occasionally 5. If I'm going to follow a budget, I want to do it right!
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Would love to see a weekly feature for this still. I loved Mint when I first started using (about a year ago) it but it screwed up my budget since it only budgets monthly.
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This is really only one of the issues with mint budgeting. I do get paid bi-weekly, but my paychecks are going to differ by some, because I am scheduled for 7hrs and 45mins of paid time for 10 days each pay period. But If I have to stay past my scheuled shift for any amount of time I get more pay, if I have to call in sick or miss work for any reason I loose pay, and on top of all of that I get a bonus that will vary based on performance each week thats added to each bi-weekly paycheck. And besides that another problem with mint budgeting in things like my electric bill also vary because it is usage based. I may be able to budget for my rent which stays constant each month, but in the summer my electric bill hasn't ever gone over $22/month, this time of year though in the winter it has topped out so far at just under $50. Too much variation in income and expenses is another issue with mint budgeting. Altogether if you want to use it as a budgeting tool it won't work great in many cases.
Hence I use mint to track activity accross all of my accounts, i have checking accounts at my local bank. I have a Money Market account with an online bank for the interest rate, I have a credit card. I can even use mint to track car payments even though I have no online access for it. Mint is good to do that, and I can categorize each spending item to see where I am spending my money. So mint isnt completley useless as many people are saying unless you think by having a budget you won;t need to track what you are spending and where.
For budgeting, what atleast I have found works for me is I have two checking accounts at my local bank. I have my main checking account where my paycheck is direct deposited every other friday. I have a recurring scheduled transfer every two weeks so that the money I want to put aside into savings is automatically transfered on payday to the online bank where my Money Market is. I then will plan when bills are due, and how much they are for and move the money into a second bills checking account on payday. Then pay the bills out of this second checking account. This is great for larger bills like my rent, I can split the cost accross the two paychecks prior to when its due and set the money aside into an account where I won't be spending it on unplanned expenses or just "fun" stuff. Thus what is left in my main checking account after payday is what I have for unplanned spending including "fun" stuff. Its like a very basic enevelope budget using diffrent accounts rather than envelopes. -
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The whole tool is useless without two-weekly pay periods for those of us who have them. Probably a large percentage of the population who simply have to ignore the tool.
Very annoying. -
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+1
We need the following pay and budget periods:
-Daily
-Weekly
-Every 2 weeks
-Twice a month
-Monthly
-Quarterly
-Yearly
Thanks! -
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/add another to the please add biweekly budgets or some way to budget according to pay periods!
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instead of complaining you can just do a monthly budget but make everything HALF
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This doesn't solve anything. Thanks for your input, though.
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Just joined and to see this thread a year old and still no fix, make me believe this isn't happening any time soon. Website is great and I hope it helps me, but for now I'm just calculating it as monthly
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Yes please! Being able to set an income forecast or budget for a bi-weekly paycheck would be awesome. While you are at it, how about being able to set a recurring item for a number of timeframes; every 2 weeks, twice a month, or every 2 or 3 months, with the remaining balance carried over. I pay car insurance every 6 months, as most people do. I am under budget for 5 of those months, then off the chart the month I make the payment.
Important is being able to do this for income and expenses.
Thanks! -
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This is crazy, why has a year passed and nothing changed???? I joined mint a few months ago and love the fact that i have all account info in one place. I have a budget already set up in my excel, I just need some plac eto facilitate it so i can easily keep track while I'm on the go. Mint you have to make the budget section more flexible. You have a good service here just listen and respond better to you customers....and quit trying to subtly sell us on you partners.
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Regardless... I still want to put in my 26 checks for the year to see where I am instead of fudging it to show 12 monthly checks.
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I solved this by doing the following:
Create (2) "budget" items for those that are split (i.e. "Paycheck 1st" & "Paycheck 15th")
Create a budget item for each item, but split according to paycheck:
Mine looks like this:
1- Grocery: $250
2 - Grocery: $250
1- Gas: $150
2 - Gas: $150
1 - Macy's: $50
2 - Kohl's: $25
....et al
If you pay all of your bills due that start with #1, then you can sort by status and see what everything due at paycheck #2 is.
It's not perfect, but it works - the first Goal set-up is to have enough money in the account to start 2 weeks off, and then you can start using it normally and paying EVERYTHING on the first of the month or when you get the bill (the way you really should do it anyways as opposed to paying your bills when they are due)
The only caveat is that you need to keep logging your transactions manually, by changing your charges to the proper category
-Hope this helps some of you -
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I agree that this should have been fixed. I have only been using mint for about a month, but I am paid biweekly as well, and am already having problems with this. It is frustrating to come here and see that this issue was raised a year ago and still hasn't been fixed.
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same here why is there no bi weekly option? This is crazy and throws everything off balance. I'm not sure I will continue to utilize this service if the issue isn't fixed/added anytime soon
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I have pretty much stopped using Mint because it's not useful without the biweekly option for budgeting.
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Downloaded Mint this morning and was off to a great start until I found this issue. I am paid every other Friday unless it falls on a holiday, then it's the biz day before. Of course cash flow in doesn't sync to scheduled bills out from month to month so cash flow forecasts for the next few pay periods are essential. The budget is only useful on a quarterly and yearly basis. What’s really needed is the ability to enter (schedule) transactions as recurring on a certain date of the month, 1st or last business day, 2nd Thursday of the month, every other week, or x number of days, weeks, months, etc. after being entered. Next, combine that with a cash flow forecasting charts, calendars, etc. to show account balances in future times based on scheduled transactions.
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This wouldn't be difficult. If Mint allows for "scheduled payments" (aka, debits), then it can track and plan for scheduled deposits. Many of the expenses don't fall EXACTLY on the scheduled day, but at least I know it's coming. The same can be done for income. If Mint can see that regular deposits appear on certain times of the month, then it can schedule that, too.
Consider it a monthly Net Income trend forecast. -
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absolutely ridiculous. What the heck is with budget programs that treat money out as the only reality? I work three jobs and struggle to make ends meet. I need to know EXACTLY how much money is due when, to avoid NSF fees at the bank. I need to be able to plug in different income scenarios from my jobs and contract work to see how much money I need to earn. I need my budget to be timely enough to inform my scheduling and grocery shopping this week, not next season.
I just want to emphasize here that the absence of the ability to budget multiple income sources on flexible recurring or non-recurring schedules is utterly astounding and ridiculous. Whatever philosophical or technical obstacle there is to this, get over it and get it done! Your design and vision are so close to being very useful for many people, this is must-have for real life, for the many millions of people who don't have a buffer of savings. -
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I thought this was great software until I discovered that I can't set an income source to bi-weekly. I am dumbfounded! Since Mint is owned by Intuit (the makers of Quicken) you would think they would have fixed this problem by now. This is a MAJOR flaw. Come on Mint (Intuit), get on the ball. This forum shows that hundred of people have been asking for this feature for over a year!
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Quicken owns mint.com ? Well that explains exactly why mint will NEVER have a bi-weekly payment option then. Because then we will not have a reason to buy quicken.
This is completely useless to me, and many others, without biweekly transactions. This cannot be an oversight, it is so obvious. It must be to give people a taste so that they go buy quicken. -
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please update this, or at least allow me to specify which months to expect a higher paycheck income..
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I am in the restaurant business get paid Bi-weekly. Because of the nature of my business my earnings fluctuate drastically. Before finding Mint.com I used an Excel Spread Sheet to track my earnings and budget. Being the first time that I tried to do this I started at the 1st of the month and tracked my earnings every day. These numbers were inputted onto a declining budget sheet to show where I was in the month and what I had left to earn, and a sheet that tracks my progress towards my goal. I was doing great, happy that I was blowing away my daily goal and coming out ahead in the month. Then I off-set the sheet to show my progress in conjunction to my pay periods and it painted a much different picture. Please make this app worth while by adding functions that are user friendly and will paint a true financial picture such as accommodating for those of us that have Bi-weekly pay-periods. Thank you...
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I respect what Ericbakes is saying. But some of us do actually want bi-weekly budgets, categorized, and carried over. It's micromanaging, but it works for us. Please please add this option!
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For those on a biweekly budget, you should set up a spreadsheet to do what you want. Most of your expenses are going to be on a monthly basis, so those 2 months you get an extra check, you should apply that money to either savings or paying off debt. If, like most people, you are living based on your annual income or an income higher than what you bring in then the money should go into savings to use later. Most of your bills should be based on monthly, like rent or mortgage, groceries can be based on monthly, utilities, etc. So that extra check should be extra income if you are on a budget.
Here is a spreadsheet to use for a biweekly budget and includes a difference column so that you can tell if you are over or under for a category. https://docs.google.com/spreadsheet/c...
Copy it and change it how you want to. You should be able to access this from anywhere as it is a Google Docs file.
If that doesn't work for you still, then I suggest setting up an envelope system and taking out the cash from each check and placing it in the envelope. Dave Ramsey has some excellent info on this, www.daveramsey.com You can then manually enter the item you spent some money on and mint will deduct it from the cash withdrawal.-
Yep, Dave Ramsey is awesome. I listen to that podcast every week.
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I have set up some psuedo budgets in Mint, but as I too do bi-weekly budgeting it never works out right. I just use a spreadsheet, which works but isn't a great solution. I'm all for a solution built into Mint, as I've been using the product for years and it would be nice to be able to create a budget that works for me, and not the developers.
ericbakes is incorrect in his assertion that we don't want a budget, but a cash flow forcast. A budget doesn't have to be annually, it is just a set period of time. We budget bi-weekly because that when we get paid. Others budget monthly because they get a set number of paychecks per month. Those with a fluctuating income will probably use an irregular income budget, where they list monthly expenses based on priority rather than date and pay them when money comes in. Those getting out of debt will likely use a zero based budget where at the end of the month their balance will be zero, with all the excess cash going to paying down debts. For travelling on a budget, you set aside X number of dollars and that's all you have to spend. I suspect his post was mainly an ad for the product he mentioned, as its intended to be a replacement for mint. -
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Over a year later this is still UNDER CONSIDERATION?? Are you guys kidding me???
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bi weekly would be great. Hey mint do you have any idea when you might fix this.
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How dumb are people? Take your bi-weekly income, multiply by 26. Divide by 12. Voila, approximate monthly income. Stop whining and use your friggin brains.
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Biweekly is perfect for things like gas, groceries, spending money, etc. Bills, rent, utilities are good for monthly.
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Still under consideration? I don't believe mint will add bi-weekly feature until someone else does.
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I have often thought it would be nice to take into consideration a bi-weekly pay, as some paychecks go across two months. it would be nice to try, but a budget is a budget. you want to spend x amount of dollars in a month, it doesn't matter if you get every week, biweekly, or even once a month really. as long as you hit your budgets, your meeting your goals.
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I have bi-weekly mortgage payments that I would like alerts for and budget for. Quicken has this, I know because I'm a paying Quicken customer. Mint and Quicken are owned by Intuit aren't they? What's the problem? Need more money Intuit? Tie my Android phone to Quicken so I can look at accounts and I'll leave Mint and your backward thinking.
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Income budgets should be able to roll over to the next month, just like expenses. I get a rent check every 3 months, would be nice to have it show up right. Same for my weekly paycheck.
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I spoke to Intuit last month, and they said that Quicken is getting phased out (just as MS Money did - how I miss Money!!). Mint will be the way to go... Maybe when Quicken does get phased out, the developers will move over to Mint and then Mint will start functioning correctly! I have just started using Mint actively for a few days, finally.
It seriously lacks in the following:
- ability to enter recurring/memorized transactions
- ability to convert reminders into pending transactions
- ability to enter weekly reminders (workaround: set a biweekly reminder for one week, and a biweekly reminder for the next week, you end up getting a weekly reminder. still, this should be an easy fix!)
- ability to setup biweekly budgets, though none of that matters if my "recurring transactions" cannot be brought in automatically.
Money used to bring in the "Upcoming Bills" automatically. I had set all my fixed bills to come in on the first of the month, so I could see what I had left for the month upfront, a "true" balance of what my account holds for that month.
a workaround for the biweekly budget is to hold your paychecks in one account at your bank, have them transfer into another checking account on the first of the month. then you are able to budget monthly - most expenses are monthly (rent/mortgage, utilities, credit card payments, loan payments, etc). The only caveat is that to do this, you have to put yourself *ahead* by one month's worth of income. ie, you let paychecks for April accumulate in a separate account, and on May 1st, a monthly transfer takes April's paycheck into a checking account, and your month of May starts with the full amount of your 2 paychecks from April. this is wayyyy better for budgeting purposes and you end up *ahead* by one month, basically, this month's earnings is for next month. but you do have to carve out the funds, ONLY the first time, so that you don't have to rely on your April paychecks in April. I have had several friends and family members do this, they had to use savings to allow this to happen, but now, they don't have to wait for a paycheck to come in to pay the bills. they can pay the bills at anytime during the month.
all that said, without the ability to automatically enter transactions for the month, this whole budget question is wasted.
*sigh*... No more Money :( Quicken was a horrible experience :( Mint is incomplete :( what is one to do?!? -
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A ****huge**** thank you to the member who suggested Yodlee MoneyCenter! what an amazing website. it's **fast** and so far, even as I'm adding accounts, it looks closer to a money management software, rather than just a "central registry" which Mint is more like.
(p.s. doesn't work very well on Chrome. Firefox worked well). -
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Wow, I can't believe how long this request has been out there. You guys are going to lose out if somebody comes up with the answer first.
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Please please please add weekly, bi-weekly, etc. to budgets. I just started using mint and I love it so much. Intuit, you are very lucky to have this long list of clearly enthusiastic customers telling you exactly how to make them happy.
I know there are a million requests, but it seems like this should be given very high priority, not because it earns you money directly, but because budgeting represents the biggest value proposition to your customers. That's why I use mint. To track my budget vs actual. If I can't effectively do that, there is no value to me, hence, no way for you to monetize my usage of the product because I will leave.
I'm not gone yet, and still very excited about mint, but I am going to start looking for alternatives.
Everyone, let's start a list of recommended Mint competitors that can handle budgets that aren't simply monthly.-
Yodlee MoneyCenter (recommended above)
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Why has Mint not adjusted the Budget feature so you can change the dates of the pay periods? I get paid on the 20th every month... not the 1st... not the 30th. 20th to 20th. Why can I not adjust the budget time period so Mint can actually track my progress without the additional days built into it????
How about someone, anyone from Mint please answer our concerns. Hello???? Is anyone home???? -
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