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How much does it cost to Develop a personal finance app like MINT?

This app enables you to connect your bank accounts, and credit cards and make it simple for customers to keep track of their outgoing money. It offers budgeting tools that let customers create custom spending plans for various categories. Transactions will automatically categorized, and user will receive a detailed overview of their purchasing habits.

Overview of app like mint

In Today’s fast-paced world, personal finance management has become increasingly important. This app helps us to make good money management and helps to manage indications of expenses and classify them, prepare large investments, and do some other work related to it. A personal finance app allows us to take care of finances, which include cash investment, cash saving, cash budgeting, etc. Well, in our opinion, it is the need of the hour to develop a money manager and financial tracker app that can help users improve their financial well-being.

What are the features of the app?

1. Integration with payment services:

People often keep multiple bank accounts and credit cards. And therefore, it’s hard to find what you need when carrying around so much clutter. Linking these accounts to a budgeting app helps them manage their money in one location and gives them a thorough picture of their finances.

2. Data Visualization:

An effective budget app needs a clear and accurate user interface. Stunning data visualization can be the key to helping users better grasp information and make more informed financial decisions. It can be achieved by using attractive charts and dashboards to help users better grasp information and manage finances.

3. Strong Security:

When developing a finance app similar to Mint, where the app has direct access to all the user’s financial accounts, it is crucial to ensure high-level security to protect sensitive information. One must use modern technology to secure the app infrastructure from data breaches and bot attacks. 

4. Manage Your Bills:

As we all have various bills that need to be paid now and then, it is pretty likely to skip a deadline sometimes. An unmissable advantage is a finance app like Mint that reminds you to pay your bills and payments before you miss them.

5. User Login:

To begin with this finance app, the user has to register and sign up to the app with their details. After signing up, users can synchronize their accounts and keep track of their expenses. It is essential to implement a two-factor authentication or unique code generation system during the registration process to protect the crucial details of the user. 

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How does an app like Mint work?

1. Account aggregation:

Users can link their accounts to this app which includes bank accounts, credit cards, and investments. It allows users to see all their financial information at one pace.

2. Data synchronization:

The app uses various security measures, including encryption and authentication, to protect user information. It links financial accounts and retrieves transaction data.

3. Budgeting:

This app helps users set up budgets for different spending categories. It analyzes spending patterns and suggests budget limits. Users receive alerts when they approach or exceed their budget limits.

4. Goal Setting:

Users can set financial goals, such as saving for a vacation, paying off debt, and much more. This app provides progress tracking and insights to help users stay on track with their financial goals.

What are the Advantages of app like Mint?

User- Friendliness:

  • Intuitive Design: A well-designed and user-friendly interface makes it easy for users to navigate and use the app effectively.
  • Simplified Financial Management: Streamlines the financial management process, even for users with limited financial knowledge.

Expense Tracking:

  • Real-Time Monitoring: Users can track their expenses in real-time, gaining immediate insights into their spending habits.
  • Automatic Categorization: The app automatically categorizes transactions, making it easier for users to understand where their money is going.

Budget Management:

  • Financial Planning: Users can create and manage budgets for different categories, helping them allocate funds wisely.
  • Goal Setting: The app allows users to set financial goals and provides tools to track progress towards those goals.


  • Data Protection: Implements robust security measures, such as encryption and secure authentication, to protect users’ sensitive financial information.
  • Safe Transactions: Ensures that financial transactions conducted through the app are secure.

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How to develop a personal finance app like Mint?

1. Preliminary Analysis:

Before you begin developing anything for your product, you must know who is using the product! Knowing who the users are helps you to develop the right features and functionality to match their needs. The preliminary market study will inform the users, the competition, and their preferences. This information helps you to identify trends while analyzing the strengths of your competitors as well as revealing what your targeted audience is looking for.

2. Discovery Phase:

Building great products requires a solid foundation and therefore, the discovery phase is the most crucial step while developing your product. So before you start coding and designing, you must first identify the underlying consumer demands and how your product’s functionality will address them.

3. Technical Planning:

  • Choose Technology Stack: Select the appropriate programming languages, frameworks, and databases based on the app’s requirements.
  • Architecture Design: Plan the app’s architecture, including server infrastructure and database design.

4. Security Measures:

Security is the top priority of any product, especially when it belongs to the fintech industry. Risking the security and authentication of users’ private information can damage your brand’s reputation. Therefore, reliable security and protective measures are needed while developing an app like Mint. Here are some best practices for ensuring your app’s high degree of security:

  • Enable two-factor authentication via face recognition, fingerprint, one-time-use password, etc.
  • Enable the session mode to offer short-duration sessions and the cut-off for inactive sessions.
  • Conduct regular testing to catch all security flaws and vulnerabilities.

5. Application Development :

Depending on the outcomes obtained from the above steps, now it’s time to start developing your app like Mint. This step should include the deployment of all the features required for building the personal finance app and should meet the relevant user expectations. 

6. Testing:

To verify the functionality of your Mint clone, it’s important to test whether or not the app works in a local environment before taking your product to the market. The automated and manual testing combination would validate whether the application behaves as expected and produces the desired results.

7. Support and Maintenance:

Provide customer support for users. Regularly update the app to fix bugs and address new platform requirements.

What are the Benefits?


  • Multi-Platform Access: Users can access their financial information on various devices (web, mobile, tablet).
  • Anytime, Anywhere: Enables users to manage their finances from anywhere with an internet connection.

Automation and Syncing:

  • Efficiency: Automates the process of importing and categorizing transactions, saving users time.
  • Real-Time Updates: Provides real-time syncing with bank accounts and financial institutions for accurate data.

Bill Reminders:

  • Avoid Late Fees: Users receive timely reminders for upcoming bills, reducing the risk of late payments and associated fees.
  • Organized Payments: Helps users stay organized by centralizing bill payment information.
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How much cost is required for development?

In essence, 2000–2500 hours go into creating a personal budget management tool like Mint. Let’s now compute the total cost of development using the standard rate for engineers:

  • UI/UX Design: $ 15,000 for 375 hours at a rate of $40.
  • iOS application development: 780 hours at a rate of $36 is $ 28,080.
  • Development of a server-side app: 920 hours times $36 is $33 120
  1. Features and Complexity:
  • Basic budgeting and expense-tracking features
  • Bill payment reminders
  • Integration with bank accounts and financial institutions
  • Investment tracking
  • Credit score monitoring
  • Customizable reports and analytics

       2. Design:

  • The complexity and quality of the app’s design can impact costs. A more polished and user-friendly design may require additional design resources.

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Mint has become a household name in financial management, and we can learn a lot from its success when developing our app. As a product management company, we specialize in helping businesses like yours create intuitive layouts, easy navigation, and valuable features that enable users to make informed decisions. By focusing on what users need versus what’s just nice to have, we can help you create a product that your customers will love and rely on. 


The personal finance app market is projected to reach nearly $1.49 billion by 2026, with a CAGR of 5.7%.

The development time for a personal finance app can vary depending on factors such as complexity, team size, and project scope. On average, it can take several months to a year to develop a robust and feature-rich app.

To ensure the security of your finance app, implement measures such as two-factor authentication, data encryption, secure cloud infrastructure, and regular security audits.

Detail the various types of transactions users can track, including income, expenses, and transfers.

Describe the goal-setting features of the app, including how users can set, track, and achieve their financial goals.


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