Last month I spent a lot of time thinking about switching to Personal Capital or YNAB from Mint, but I decided not to. The big difference is that Personal Capital is also an investment advisor. When looking at Personal Capital vs. Mint, you’ll notice one big advantage to using Personal Capital is that Mint is quite weak when it comes to helping you make better financial decisions. Personal Capital, on the other hand, excels at that. analyze all the data and make suggestions on how to better optimize and save you money Best Personal Finance Software: Personal Capital vs Mint vs Quicken vs You Need A Budget vs MoneyDance & More Kimberly Alt Updated: January 24, 2020 91 Comments To sustain this free service, we receive affiliate commissions via some of our links. Whether it was balancing a checkbook or writing expenses in a ledger, you had to input everything by hand and do a lot of math to get accurate results. Both services have good content that is a nice complement to the free services. About Personal Capital and Mint. Our Review of Mint vs. Which of these 3 financial management platforms has the tools to help you save $1000s per month? The budget-setting options the app does offer can be quite useful for those looking to plan for college, retirement, a new car or home, or any number of sizable, long-term investments. Let’s break down the features that both apps share, and compare each of them with each other. I think people are likely to use one or the other but not both. With Personal Capital, you’ll have access to projected values of your portfolio over time, retirement forecasting, and a personalized investment strategy based on your unique risk tolerance. Being a user of both Mint and Personal Capital, I'm here to give a complete, detailed comparison review. Mint also delves into more personal finance topics, whereas Personal Capital is focused more on investing. It pulls your entire financial life into one application. Fees, features and tools. IF you don’t have an understanding of encryption protocols, then you should take some comfort in the fact that AES-256-bit encryption is the same tech used by the government. I will say that Personal Capital does have a management service for investments, but you are not obligated to use them in order to use their free platform. Personal Capital offers a platform where you can gain access to human advisors and full scale investment management. It’s even tougher to get a handle on your financial situation without considering all your different accounts. Both Mint and Personal Capital use top-end encryption through the AES-256-bit technology that makes it impossible for hackers to steal your information. Compare Mint vs Personal Capital - pros and cons of budgeting apps (2020) Are they safe? One of the advantages of Mint is the ability to create a budget (Personal Capital has recently added a budgeting feature, but this is one area that Mint still excels). We won’t have to compare costs as there aren’t any! Personal Capital: Feature Comparison. I just want to make that clear. But, compared to other software like Mint, which is also free and offers many more tools, it’s hard to say it adds a ton of value. Personal Capital offers two services, a paid version that acts more like a robo-advisor for clients with over $200K in investment assets and a free one that can be used by anyone. Read this Personal Capital vs. Mint vs. Quicken Review with a focus on your specific money-monitoring needs. Learn more, read our Personal Capital vs. Mint Review.. Is Mint Right for You? The truth is, both of them offer great services and powerful features. The main differences between Personal Capital vs Mint are: Mint is primarily a budgeting program, especially for anyone wanting to get control of their finances, whereas Personal Capital is more about providing a professional investment management service One major difference between Personal Capital vs. Mint and YNAB is that it focuses on your cash flow instead of strict budgeting. You can still track your spending with Personal Capital, but the goal isn’t categorizing each transaction or balancing things to zero, it’s about the larger picture and maintaining a positive cash flow. Personal Capital Review: Personal Capital vs. Mint Mint and Personal Capital both offer investment management and budgeting tools without fees (although the latter has a paid service called Wealth Management). Mint is an online personal budgeting platform. Tomorrow I'll talk about Quicken. The battle will consist of several categories that are most important to those who use these services. Cost: Winner –> Personal Capital. If you are spending more than you save and want help, YNAB is a service you should consider (it's not free though). Fees – Personal Capital vs. Mint.com. Since I’m talking about Personal Capital vs. Mint, I’m going to focus on the free version of PC, which has a lot to offer. Personal Capital vs. Mint: The Verdict When it comes to Personal Capital vs. Mint, there isn’t really a winner or loser! Check it out! The dashboard, the investing trackers, the budgeting tools — all free for both services. Personal Capital Sign Up Personal Capital is an excellent company. Once you completed the integration, Mint will automatically track your income and expenses … A very close competitor is You Need a Budget, which is extremely powerful for changing your spending behavior. If I'm following the general advice of r/personalfinance and bogleheads, I don't need to be tracking my investments daily. Personal Capital vs. Mint vs. Quicken—Top Features Personal Capital, Mint and Quicken – Common Features The main services for both of these products are free. Personal Capital and Mint are both personal finance-related apps that can help you manage your money. While the two are very similar, there are striking differences between both. Clint Haynes. The “winner” really depends on what your goals are. Difference: Synchronization of Financial Data Many Mint users report some syncing issues with their bank accounts; one of the big ones is Ally Bank. It’s tough to keep up with all your different financial accounts and logins. Both are free to use and both have similar features, so which one should you use? Budgeting I can log on to my 401k or IRA service periodically to check, but I'm not actively trading. Read on to see why. It’s important to make sure you are comparing apples to apples when considering fees. If you’re looking for an easy-to-use, free budget app, you can’t go wrong with Mint. If you want expense tracking and a better suite of tools to look at investments, Personal Capital is the to… I think both of these tools are great – but, personally, Personal Capital is the one I value the most.While Mint is in the lead for budgeting, Personal Capital is more reliable and offers excellent customer service – which is so important if you choose to allow a platform online to help you with your financial management, and share with them your most sensitive financial data.After all, you don’t want to be left hanging when you have questions about your money. Since both services are free to use, it makes it much easier to compare. It is registered with the SEC and can help you make investment decisions. If you don’t know where your money is being spent, you’ll never take full control of your finances. That includes your checking, savings, credit cards, investments, retirement accounts, and even your PayPal account. With budgets, alerts, and other tools, Mint has cornered the budget tracking space like no other. Personal Capital puts a focus on the investment component of their platform and it shows. Mint. The … Arielle O'Shea November 13, 2015. I had planned to review Mint and Personal Capital in separate posts, but as I began to pull things together I realized it made more sense to cover them at the same time. Personal Capital vs Mint Mint is a free web service to aggregate all of your financial accounts, including bank accounts, investment accounts, credit cards and other loans. Based on our review, the answer is: probably Mint. Still, the massive convenience of on-the-go personal finance overrides the small inconvenience in capabilities for both Mint and Personal Capital. Best personal loans of December 2020 Best personal loans for excellent credit Best personal loans for ... Capital gains calculator Federal income ... Mint Review. Compared with similar online financial advisor Vanguard Personal Advisor Services, Personal Capital is more expensive: Vanguard charges 0.30% for … Read: Personal Capital vs. Mint. Conclusion: Personal Capital vs Mint vs Quicken. Mint Personal Capital; SPECIAL OFFER Get Started with Personal Capital - Learn More Read Personal Capital Review Benefits and Features; Annual Fee : 0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million: Minimum Deposit Why People Need Budget Tools Mint.com is free to use, and Personal Capital offers two levels of service: one is completely free to use, and the other charges an investment management fee based on the total assets under management. Personal Capital vs Mint vs Quicken review for 2019. When looking at Personal Capital vs. Mint, it's important to note that Personal Capital has numerous features that make it a great financial tool. It was one of the first free budgeting apps. Mint: Mint launched in 2006 and was quickly dubbed the "Quicken killer." Mint vs. Personal Capital has other strengths and can even best Mint in budgeting for things like retirement. Monday, December 23 2019 . The software is essentially autonomous once you connect all your financial accounts, although occasionally (very rarely!) Manage all accounts in one place Personal Capital allows you to link all of your accounts, and be able to view them all in one dashboard. Personal Capital vs. Mint: Fees. Personal Capital. If you are strictly thinking about budgeting app, Mint is the clear winner in this category. In a nutshell, Personal Capital, Quicken and Mint all have their own uniqueness and functionality despite the obvious similarities. 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