Mint.com is a website that aggregates all you financial institutions and keeps track of balances and transactions. A similar competitor is Yodlee.com but they are all the same.
The biggest drawback people see is that if someone hacks your mint your screwed.
Personally: I have confidence that Mint is as secure as it can be and handles data with a high level of security btw is a spinoff from Intuit maker of Quicken and Turbotax. Stealing your identity can be done on many fronts such as your bank, your personal login from the bank, taking you physical mail or credit card, rid swiping, lots of ways. Nothing is 100% safe, in everything there are risks but Mint.com provides an addition safety net. Having all your financial info in one arena seems scary but your biggest and only foolproof method of ID theft is constant monitoring.
Ask yourself how frequent will you login and check every single one of your credit card and bank sites? Then ask your self how frequent will you check Mint.com your one stop shop?
If you check every single one of your credit card and bank sites constantly good for you... consider getting a life or making more money so you wouldn't even have to track your money. But, if your a normal person seriously consider using Mint.com. With Banks and credit cards if you find something funny happening in your account you just have to call them and they will fix it as long as you communicate in a timely matter 7-30 days.
In closure, I love Mint.com and check it on a weekly-bimonthly basis. It gives me peace of mind to double check transactions and I like simplicity and enjoy using the cool tools for entertainment value and it helps you achieve financial goals. It will never replace good old fashion Excel spreadsheets but is a great supplement.
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