Why Intuit is killing Mint? How much money did the budget app make

PERSONAL FINANCE PERSONAL FINANCE

Intuit is shutting down Mint, a popular budgeting app, on January 1, 2024.

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Mint was a personal finance app with expense tracking and budget creation features.

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Mint’s closure can be linked to Intuit's consolidation of personal finance and focus on Credit Karma.

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Reasons for Mint's shutdown include financial viability, technical debt, and a competitive landscape.

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Closing Mint may align with Intuit's goals to concentrate resources on more profitable products.

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The decision underscores the challenges in software development and product management.

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Mint's closure reflects the need for products to evolve with changing markets to remain sustainable.

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Despite user disappointment, Intuit's decision is driven by the pursuit of long-term business success.

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Intuit’s revenue for the twelve months ending July 31, 2023, was $14.368 billion.

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Don’t let uncertainties keep you down. Get Beem and budget your way to financial freedom.

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