Mint.com and our net worth: $370,000

After looking for online tools for managing my finances, I found mint.com and loaded a bunch of my accounts. I was surprised that they even support Dodge & Cox, our largest taxable investment account, as well as our local credit union. Apparently they use Yodlee as their backend to access your accounts. I'm still leery about providing the username/password information though.

After loading up all our credit cards, savings, checking, and investment accounts our total net worth is around $370,000. We don't have a house, so no difficult calculations on principal and current value. We do plan on buying a home, but that's another story.

Mint.com is does the job of aggregating finances together on a single site. It does not keep track of individual investment positions, just the total value of your investment accounts. It takes recent purchases and finds possible alternatives, like our Wells Fargo checking account could be making more money if it were instead an Etrade Max Checking account. Or our credit card could be getting a lower interest rate.

We can set up budgets for particular spending categories like Entertainment, Grocery, Gas, Restaurants, and Shopping to begin with and starts with a default budget based on the past transaction history. We can set up E-mail or SMS alerts based on certain criteria such as large purchases, low bank balances, if there are any Fees charged on your accounts.

Update 3/26/2008:
I haven't added everything in Mint.com so our current net worth is probably a lowball figure. Current estimates bring it to around $450,000. Current 401k plans and Employee Stock Purchase Plans add at least another $80,000 to the $370,000 quoted in the title.