Mint Launches

I saw this article on VentureBeat that Mint, the online personal finance site, has launched.  I have noticed press pieces about Mint off and on but I haven't followed it closely.  The idea is that you input your personal financial account information into the system and it then tracks and graphs your personal finances so you can determine where you're overspending and where all the money really goes.

I haven't decided yet if I'm all that keen to enter my personal financial login details into their site.  Seems like a big target and one that's as yet unproven in Internet battle.  I may wait until the site has been up for a while without any security breaches.

On the other hand, I really like the idea of applying technology to personal finance.  Of course this idea isn't new; Quicken has been around for ages.  What I'd like to see are more sophisticated financial modeling algorithms used by institutional investors and money managers made available in personal financial management packages.

I'm not sure what form that would take, exactly.  Perhaps using some kind of Bayesian algorithm to compare financial instrument returns as compared to others available in the marketplace given a comparable principal balance?  I'm not sure.  But I think that technology has yet to finish revolutionizing personal finance; more is to come.