Everyone,
We have been using Mint.com over the course of the last year and it has been working great, but I'm running into issue when trying to figure out our savings rate for 2011. Basically I'm looking at our total income and expenses and subtracting, easy enough. When I do this we are around a 50% savings rate but common sense tells me that this isn't possible. When I do a quick summation in my head of our savings: 401K, IRA, Emergency Fund, Collge Fund, etc it looks like it appears to be looking more like 30-35%.
I have done some checking to make sure that all income/expenses were recorded as of 01/01/11 and everything looks good. On the income side we have a rental which 'inflates' the earnings side of things, but this shouldn't matter since the mortgage shows up as an expense. Also, since we own mutual funds earnings seem to be recorded as income, but I'm wondering if they are being inflated somehow? We also refinanced our homes this year in which we took a large amount of money out of mutual funds and stocks for a down payment.
Has anyone run into this? If so, are there manually adjustments that needed to be made to get a 'true' income number when investments are considered?
tldr: It appears that everything is being recorded in mint.com as it should be (all accounts are there), but savings rate is higher than it should be based on the amount of money we have in savings. What's the deal?
Thanks!