I recently made an IRA contribution for this year. I use Mint for financial tracking and it seems strange that it counts the $5K contribution as a simple expense, despite it also being able to see my investment account receiving a complementary increase.

Financially speaking is it still an expense so I should just leave it like that? The big negative red bar in the monthly net income graph then sticks out :P Or: am I subtly misusing Mint; can I tweak something to make it show up better?

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    It is not very good at matching transactions between accounts, I have this problem too.... – littleadv Dec 27 '12 at 5:12
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    Thirded. Mint is not savvy at understanding some of my retirement accounts. – MrChrister Dec 27 '12 at 8:00
  • A retirement account deposit should be balance sheet neutral. First it was in savings or checking, then, it's in the IRA. Moving money literally from one account to another doesn't affect your bottom line that moment. – JTP - Apologise to Monica Dec 27 '12 at 23:11
  • Mint is not very good at a LOT of things. – JohnFx Dec 28 '12 at 3:09
  • I have the same issue. When making a contribution from my checking to my Roth, I end up with two transactions, not a simple transfer. Also, my budget I set up does not pick up the contribution. Very frustrating. I have tried to override the transaction in the deposit in my Roth my adding a new category for transfer, but it won't stick. – user12982 Feb 7 '14 at 19:20

This is just a case of Mint not categorizing correctly. You can simply recategorize the line items as "Transfer" in order for them to be considered neutral.

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  • Works somewhat, but then you can't budget for IRA contributions. :/ Oh well. – Nick T Dec 28 '12 at 23:36
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    Use the goals to budget for savings. You can setup a goal linked to your ira account and can see it just like any other budget item. – Kellenjb Dec 29 '12 at 4:02

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