I'm married but use Mint to track my own spending. We bought a home with a roommate and I want to add the property and a joint account the 3 of us have for bills.

I am married and use Mint to only track accounts in my name. We recently bought a home with another roommate and now I want to add the property and a joint bank account the three of us have for house expenses. I do not wish to add my husband's personal accounts or my roommate's and primarily use Mint as a single user. How will adding the house and the 3-person joint account affect my budgets and goals and other data? We use the house account for joint bills like groceries, cable, and electric, as well as insurance and other common purchases (split 3 ways) and contribute to the account equally. Then each of the three of us have our own personal accounts/credit cards for personal spending. 

Answer

Hi Jenn,

Adding the house will not affect any of your budgets or goals because it isn't connected to an account or any transactions, which are the primary affecting factors for budgets and goals; that should only impact your net worth.

If you add new accounts, any transactions downloaded that have categories that match your current budgets will affect those budgets accordingly, based on the dates of the transactions. For example, if you have a Groceries budget and add an account that had a $50 Groceries expense this month, it will apply the expense to your Groceries budget for that month.

Let us know if you need any further clarification or assistance.

Regards,
Mint Mike

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