How Mint Uses Your Apple Watch To Help You Stay on Budget

If a new budget is on your agenda this year, then your Apple Watch can be a powerful tool in helping you meet your goals, particularly with the use of an app for the iPhone and Apple Watch called Mint. With mint, you can keep up with how much money you’re spending each day, and see at a glance what funds you can reasonably use that day for “fun” spending. That way you can stay o track without having to constantly pull up your bank account and figure out what money you need to allocate where in the future.

Mint for the Apple Watch is designed more to be used as a companion app for the iPhone experience rather than something you might use on its own.  Mint’s iPhone app is also capable of doing things like tracking your credit score, viewing your account balances, and working n your budget. For stuff like that, you’ll still want to pull out your iPhone or iPad.

“Apple Watch is an exciting new platform for Mint,” said Barry Saik, senior vice president and general manager of Intuit’s Consumer Ecosystem Group.  “Mint for Apple Watch revolutionizes how consumers will interact with their money and furthers our commitment to provide consumers anytime, anywhere access to their money and financial insights.”

Here’s how it works from Mint’s website:

1. Download or update Mint on your iPhone (available on iPhone 5 or greater) and log in with your existing credentials.

2. After you pair your Apple Watch with your iPhone, choose to Display Mint, and turn on Glances.

3. Once set up, Mint reviews your spending for the past 3 months in 18 “fun” categories like dining, shopping, entertainment and more.  From there, Mint then encourages you to set a monthly fun spending goal, which can easily be adjusted by the user.

4. Mint will also send you personalized weekly spending summary notifications to help you stay on track.

If you’re looking to work on your budget in the coming year, then it can make an excellent tool to get started on the process. 

In addition to Mint, several financial institutions have also released apps for the Apple Watch that help you track your account. None of those options, however, allow you to work on budgeting on the fly, making Mint’s offering a bit unique in that regard.

Another popular money-related app, Square Cash, also came to the Apple Watch earlier this year. That app allows you to send cash to your friends with just a few taps. If most cases, funds are available immediately in your recipient’s bank account, making it an excellent choice doing things like splitting the check for a group dinner ​or paying your friend back for a concert ticket.

For more excellent apps to download, be sure o check out our list of must-have Apple Watch apps.