Mint is becoming Credit Karma, what does this mean for you?

For more than 15 years Mint has been a go-to for budgeters and the recent announcement that the much-loved platform is shutting down is a shock to its 3 million active users.

When Mint was first launched in 2007 it was one of the first platforms to allow users to aggregate all of their accounts in one place to simplify tracking their finances. Since then the platform has expanded and has become a go-to for not only aggregating accounts but also budgeting, bill tracking and offering users ways to save on loans, insurance and credit cards,

When Mint announced its impending closure on January 1st, 2024 they referred users to Credit Karma, another financial product that is also owned by INTUIT. Users, however, are skeptical as the two platforms offer very different services. Many have voiced their concerns on Reddit about what this means for their years of financial history that has been collected by Mint as well as how they will now budget.

Credit Karma focuses on tracking your credit score, not your day-to-day spending and does not have the same budgeting capabilities. This has left users wondering what is their best course of action.

Mint has already stated that its users can begin moving their financial account data to Credit Karma, including financial account balances, historical net worth, and three years of transactions. This still leaves the question of how to manage day-to-day finances as Mint has also stated that Credit Karma will not offer the ability to set monthly and category budgets. 

Luckily other budgeting apps on the market can fill this void. 

What is the best alternative to the Mint?

Emma delivers the same experience for users searching for a new tool to manage their money. Just like Mint, Emma has intuitive budgeting tools and allows users to aggregate their accounts in one place to save, track bills and manage their finances. 

With Emma’s all-in-one financial app, you can do so much more than just monitor and budget you can also save, invest, improve your credit and so much more all in one place. 

Budgeting Capabilities

Smart budgeting is a core focus for both Mint and Emma. The apps both utilize Open Banking technologies to connect multiple accounts in one central hub for easy management. Once you have connected your accounts you can track spending either by category or merchant and set up a custom budget that works for you.

With Emma, users can also add offline accounts to manually track within the app as well as connect investments and assets. With Emma, you even can create custom categories to ensure your budget is fully tailored to your lifestyle.

Insights & Analytics 

Another way Mint and Emma are similar is the personalized insights and analytics that each provides. Users can view the trends of their income, spending, and savings each month. You can compare this against previous months or select custom time frames to view.

With Emma, you can view this information based on your budget categories or for different merchants to know not only how much money went towards groceries but how much was spent at Sainsbury’s specifically. 

With Emma’s true balance technology, users can discover their true spending power. Emma’s true balance shows the balance after bills so users can make smart decisions. With Emma, you also can track the progress of your spending within your budget and receive real-time notifications when you are spending too much too soon, or enable rolling budgets to transfer any leftover balance from one month to the next.

The app also allows you to view your income vs spending, and spend over time to have a better understanding of your spending. 

Save Features

Both apps aim to help users manage their money more effectively to enable them to save more each month. By compiling the data from past months and creating analytics on spending habits from one month to the next, as well as, the ability to set and monitor a budget and recurring charges, Mint and Emma both help you save money.

Emma also has a designated save section in the app that features the ability to create savings pots and earn high interest paid daily so users can grow their savings right in the app. 


Monitor your net worth by connecting your accounts to Emma and adding in any unlisted assets, savings, or loans like your home or car. From here Emma tracks and updates your net worth so you can have a full overview of your financial health.

It is important to track your net worth to make informed financial decisions, set & achieve financial goals and have a better understanding of your financial health. 

What’s different between Emma & Mint?


Emma is all about helping you save more, whether that be from our high-interest savings pots, or from canceling a forgotten subscription Emma wants to help you on your quest to save. This is why we offer exclusive cashback offers within the app so you can earn money while shopping or save more with exclusive deals and discounts!


With Emma keeping track of shared expenses is easy. Emma’s groups function allows you to create a group in the app to track, split and settle any shared expenses. This makes it easy to keep track of who owes what – whether you’re on a group holiday, living with a flatmate, or simply trying to split a bill when you’re out for dinner, Emma Groups makes it easy to stay on top of shared expenses. You can even use Emma to settle a bill and it’ll help you work out exactly what needs to be paid and to who, so everyone always pays their fair share.

Fraud protection

With Emma, you can protect your online identity. Emma diligently scans the web for any data breaches and shares your personal information so you can protect yourself from fraud! Emma will cross-check the email address and phone number you have provided with a comprehensive database of previously reported data breaches.

If there is a match found, the details of the breach will be displayed under the corresponding phone number or email address, so that you can take necessary actions to secure your account.

Shared accounts with Emma Spaces

Emma Spaces feature allows you to group your accounts together to help you organise your financial life in a way that works best for your unique needs. With Emma Spaces you can create different budgets and see analytics for different accounts connected in Emma as opposed to the standard format where they are shown together. With Spaces, you can create a separate budget and category budgets for each Space you create. Spaces is perfect for those users who have a joint account with a partner, to keep track of your family’s spending or your business accounts. 

Ready to make the switch?

If you are ready to make the switch to Emma from Mint you can take advantage of our 7-day free trial to make the most of all of Emma’s features. See for yourself why Emma is loved by over 1.6 million users!