How to Develop Personal Finance Software Like Mint in 2025?

From the slang phrase “minting money” to using Mint to handle money, the world has moved toward budgeting software. It has become the standard way to keep track of money these days. The biggest problems young people today are not knowing how to handle their money and spending too much. Personal finance software like Mint has been the best way to deal with these kinds of issues.

Apps that help you make a budget and keep track of your money are essential for working people today. For users, the news of a new app has also been big since Mint shut down. This means that your app has a much better chance of being successful. Because of this, the paper will talk about Mint’s success and how to make a budgeting software like Mint. You can also just hire software developers to get your job going.

2025 Market Statistics of Budgeting Software

• The Personal Finance software market size was estimated at USD 25.80 Billion in 2024.
• The market is expected to grow from USD 31.11 Billion in 2025 to USD 167.54 Billion by 2034.
• The market’s CAGR (growth rate) is projected to be around 20.6% during the forecast period (2025 – 2034).

Five Reasons Why You Should Invest in Personal Finance Software Like Mint

There are many reasons why marketers are finding it increasingly attractive to launch budgeting software like Mint. These software present real solutions for cash management for both personal and business needs. Here are five key points as to why I need this idea to be invested in: 

1. Growing need for financial management tools

Everything in the world is affecting people’s price ranges in this digital era. More and more tools are required to be easy to use in managing budgets, and spending, and making wise economic decisions as more people and organizations embrace technology. 

2. Potential for high ROI

This highly profitable money-management software is getting tremendous revenue from diverse monetizing strategies. In this case, you would want to include advertising, in-app purchases, subscription charges, and partnerships with financial institutions for whatever budgeting software like Mint that you want to build. 

3. Possibility of making a positive impact

For a living, the very definition of humans means that both they and corporations must know about finance. The use of banking IT solutions plays a constructive role in enhancing users’ financial literacy, empowerment, and smart choices.

4. Scalability potential

A well-built budgeting software could be upgraded easily to fit more users. When it comes to money budgeting software like Mint, such initiation goes a long way in enhancing entrepreneurs’ relationships, capabilities, and market presence alongside growing user bases. 

5. Competitive advantage

There is competition, but the unique personality and product will experience more opportunities inside the viable money-budgeting-tech Mint like software market. Entrepreneurs can create a competitive niche and attract loyal users by detecting specific gaps in the market or offering distinct features. 

Also read: How Much Will Custom Software Development Cost

Must-Have Features of Budget Software Like Mint in 2025

Some important things you should think about when making personal finance software like Mint that will help you make an easy-to-use personal finance app that puts you in charge of your money:

Core Features:-

1. Integration with Payment Services

A lot of people have more than one bank account and credit card. So, when you have a lot of stuff around, it’s hard to find what you need. By connecting these accounts to an accounting software like Quickbooks, they can keep track of all their money in one place and get a full picture of their funds.

2. Strong Security

If you want to make a budget software like Mint that can connect directly to all of your users’ bank accounts, you need to make sure that it has strong security to keep private data safe. To keep the software system safe from data breaches and bot attacks, one needs to use current technology.

3. Manage Your Bills

There are times when we all forget to pay a bill since we all have different ones that need to be paid. A great benefit of developing Mint like software is that it helps you remember to pay your bills and other due dates.

4. Notifications

By adding a reminder feature to your budgeting software, you can help your users keep track of their money, stay on top of bills and dates, reach important goals, and stay informed about anything else that might be useful to them.

5. User Login

To use the Mint like software for the first time, the user must first join and sign up for it. As a custom fintech software development company, we ensure users can sync their accounts and keep track of their spending after signing up. 

Advanced Features:-

1. AI-Powered Financial Assistance

Make sure that your personal finance software like Mint, has AI built in so that it can stand out from other tools for keeping track of your money and spending. Using AI algorithms to make budgeting software can help you look at the data you collect and turn it into useful information that users can use to make sure their spending matches their savings goals.

2. Gamification 

Adding game-like elements to a budget software like Mint makes it more fun to use and makes people more likely to do so more often. Some things that might keep people interested and help them meet their savings goals more quickly are a point system with clear goals, prizes, and milestones.

3. Synchronization 

People who use a planning app will want to keep all of their money in one place so that they can easily access information about their finances. Adding new accounts will save them time and help them keep track of their bills, income, and spending, reflecting the best software development ideas for financial management.

4. Budgeting and Expense Categorization 

To give your people the best experience possible, you should give them a number of spending choices. It can be done by putting the user’s activities and spending into groups. People should be able to choose whether to plan their spending for a week, a month, or more than one month.

5. Investment Tracking

Your users can keep track of their spending and choose where to put their money with this software. An investment tool can help people keep up with market benchmarks and keep an eye on how their assets are allocated, such as their stock accounts, real estate assets, mutual funds, IRA investments, and so on. 

Tech Stack Used to Develop Personal Finance Software Like Mint

This part has a list of great technology stacks that Mint like software consulting services users use to create personalized planning software. As Edmund Burke wisely said, “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” With the right tools and technology, users can take control of their financial planning and ensure their wealth works for them.

Component	Technologies
Frontend	Kotlin, Swift, Flutter, React Native
Backend	Python (Flask/Django), Java (Spring Boot), Node.js
API Integration	SOAP, RESTful APIs, GraphQL
Database	Firebase, MongoDB, MySQL, PostgreSQL, SOLite
Analytics	Firebase Analytics, Google Analytics
Authentication	OAuth, JWT
Push Notifications	Firebase Cloud Messaging, Apple Push Notification Service
Version Control	Bitbucket, GitHub, Git
Deployment	Firebase App Distribution, TestFlight, Google Play Store, Apple App Store

How to Make Money From Budgeting Software Like Mint

Knowing the expense of developing a personal finance software like Mint calls on learning about its income today. Any money budgeting software development requires you to use many monetizing strategies on the route to sustain their operations and generate cash:

1. Data Licensing

Blockchain used in the banking sector allows one to gather and examine user data in order to better grasp the financial behavior of consumers. This data might be of great use to marketing organizations, research labs, and financial institutions. To create extra income, some top service providers license this data using blockchain technology. 

2. Partnership with Financial Institutions

Important collaborators in the establishment of budget software like Mint are financial organizations like credit unions and banks. Often resulting in co-branded goods, referral payments, or data-sharing agreements, these partnerships help to generate income in whatever form.

3. Advertising

App development for tracking price range display consumers designed ads was funded very heavily. These might be native, interstitial, or banner ads as they fit the contents of the money-budgeting app development content exactly.

4. In-App Purchases

Some custom software development services allow in-app purchases for exact skills or products. Clients can also have to pay to obtain top-rated reviews, export data, or interact using many financial tools.

5. Subscription Fees

One well-known business strategy in artificial intelligence for the banking sector is to provide a premium membership plan with access to other advantages like debt management tools, enhanced analytics, and investment monitoring. Users who like these premium services and are ready to pay for them may find monthly or annual memberships appealing.

Cost to Make Budget Software Like Mint in 2025

Creating a personal finance software like Mint calls for a great financial commitment depending on many factors. The following table and analysis provide a summary of the main driving factors along with their expected cost of banking software development:

1. Software Complexity

The intricacy of your software strongly influences the building time and expenses for a budgeting software like Mint. More often than a basic app with significant monitoring, reporting, and budgeting features, a really custom-designed app with complex analytics, connectors, and specific guidelines might raise the cost.

Software Complexity	Estimated Cost
Basic	$2,500 to $4,500
Moderate	$4,500 to $7,000
Advanced	$7,500 to $10,500

2. Platform

The number of structures ( iOS, Android, and web) you want to cover drives the expense of creating a money budgeting software like Mint. Extraordinary codes and checking out are required, so the expense of banking CRM software development process for different platforms is rising.

Platform Choice	Estimated Cost
Android	$25,000
iOS	$28,000
Hybrid	$35,000

3. Features and Functionality

The particular features you want to include will determine the cost of the mobile banking app development. Using features like automated categorizing, bill reminders, investment monitoring, and monetary intention-setting helps to simplify and reduce the cost of creating personal finance software like Mint.

Features and Functionality	Estimated Cost
Basic	$2,500 to $4,000
Moderate	$4,500 to $8,000
Advanced	$8,000 to $10,000

4. Design and User Experience

A strong money planning software must have an easy-to-use interface, which could raise expenses in order to create Mint like software. Although it could enhance adoption and the user experience, funding the professional design and UX also increases the development costs for a mobile app.

Designing	Estimated Cost
Basic	$1,000 to $2,500
moderate	$2,500 to $5,000
Advanced	$5,500 to $8,000

5. Development Team Structure

The cost to create a money budgeting software like Mint may be much influenced by the vast range and composition of your mobile app development services suppliers provide. Usually, hiring developers in-house is more expensive than outsourcing to a banking app development business. 

Development Team	Estimated Cost
1-2 Developers Team	$10,000 to $15,000
3-5 Developers Team	$15,000 to $20,000
5+ Developers Team	$20,000 to $30,000

Wrapping Up the Process to Develop Personal Finance Software Like Mint

Mint has established a high bar for personal financial applications, but there is always potential for growth. To design the finest software like Mint, prioritize user demands, security, and new features to enhance the budgeting experience. Partnering with a qualified development team helps guarantee that your app is safe, scalable, and competitive in the expanding fintech sector. 

Octal IT Solution is your full-service product development partner, helping you get through the whole process with as few problems as possible. We begin every project with a discovery class that shows you the problems and chances you can build on. Before you move on to the next step in your product development journey, we’ll also help you figure out what worked, what didn’t, and why. 

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Frequently Asked Questions

What features are essential for developing a budgeting software like Mint?

Key features comprise automated tracking of transactions via bank account synchronizing, personalized budgeting tools, detailed spending insight with reports, bill reminders, goal progress tracking, strong security (e.g. two-factor authentication), and multi-device synchronization to provide a seamless experience.

How long does it take to develop personal finance software like Mint and what’s the cost?

The time to develop a budgeting app like Mint would be 6-12 months depending on the heft of the features. The cost can be anywhere above $50,000 and can go into hundreds of thousands of dollars depending on the level of the developer team, features, and technology stack required to build the app.

How to make sure that your budget software like Mint is user-friendly and secure?

For best practices on user-friendliness, use clean, easy UI as well as intuitive navigation. Conduct user testing and feedback sessions regularly to enhance improvement. For security, encryption must be used, plus secured and not easily hacked API connections and multi-factor authentication to safeguard sensitive user data according to their privacy regulations.