Based on our review, the answer is: probably Mint. 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. The dashboard, the investing trackers, the budgeting tools — all free for both services. Mint vs. Personal Capital has other strengths and can even best Mint in budgeting for things like retirement. Conclusion: Personal Capital vs Mint vs Quicken. It pulls your entire financial life into one application. You'll never guess how you can link some of these platforms to your account for automated savings! Budgeting is hands-down of the best things that you can do for your money. 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. Check it out! I went straight to their website after hearing about them, to get myself set up with an account. 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. Budgeting Personal Capital vs. Mint vs. Quicken—Top Features Personal Capital, Mint and Quicken – Common Features This Personal Capital vs. Mint vs. Quicken Review will help you understand the similarities and difference between these three financial management apps and decide which one(s) are for you. If I'm following the general advice of r/personalfinance and bogleheads, I don't need to be tracking my investments daily. 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. Personal Capital vs. Mint: Fees. Our Review of Mint vs. With budgets, alerts, and other tools, Mint has cornered the budget tracking space like no other. Since both services are free to use, it makes it much easier to compare. Monday, December 23 2019 . Arielle O'Shea November 13, 2015. Why People Need Budget Tools The big difference is that Personal Capital is also an investment advisor. Mint is an online personal budgeting platform. Clint Haynes. In a nutshell, Personal Capital, Quicken and Mint all have their own uniqueness and functionality despite the obvious similarities. Being a user of both Mint and Personal Capital, I'm here to give a complete, detailed comparison review. Personal Capital vs Mint vs Quicken review for 2019. Personal Capital also has a tool to help keep track of your upcoming bills, and their cash flow graph is a nice addition too. Fees, features and tools. 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. 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. 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. 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 is registered with the SEC and can help you make investment decisions. We won’t have to compare costs as there aren’t any! Read on to see why. I just want to make that clear. If you are spending more than you save and want help, YNAB is a service you should consider (it's not free though). Difference: Synchronization of Financial Data Many Mint users report some syncing issues with their bank accounts; one of the big ones is Ally Bank. Mint also delves into more personal finance topics, whereas Personal Capital is focused more on investing. Compared with similar online financial advisor Vanguard Personal Advisor Services, Personal Capital is more expensive: Vanguard charges 0.30% for … The software is essentially autonomous once you connect all your financial accounts, although occasionally (very rarely!) Mint enables you to look at your entire financial situation holistically, rather than in the bits and pieces.Mint is one of the most popular budgeting applications available and is part of the TurboTax and Quicken families. Personal Capital offers a platform where you can gain access to human advisors and full scale investment management. 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. 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. That includes your checking, savings, credit cards, investments, retirement accounts, and even your PayPal account. Read MU30’s full Personal Capital review. 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 The main services for both of these products are free. I think people are likely to use one or the other but not both. Today I'm going to cover both Mint and Personal Capital. Additionally, their site was really easy to use. It’s even tougher to get a handle on your financial situation without considering all your different accounts. There was a time when monitoring your financial situation was relatively complicated. Mint. If you want expense tracking and a better suite of tools to look at investments, Personal Capital is the to… 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 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. Tomorrow I'll talk about Quicken. The truth is, both of them offer great services and powerful features. Read this Personal Capital vs. Mint vs. Quicken Review with a focus on your specific money-monitoring needs. Personal Capital, on the other hand, excels at that. It’s tough to keep up with all your different financial accounts and logins. It was one of the first free budgeting apps. I can log on to my 401k or IRA service periodically to check, but I'm not actively trading. Personal Capital and Mint are both personal finance-related apps that can help you manage your money. 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. 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. If you don’t know where your money is being spent, you’ll never take full control of your finances. 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. Once you completed the integration, Mint will automatically track your income and expenses … 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). Personal Capital vs. Mint: The Verdict When it comes to Personal Capital vs. Mint, there isn’t really a winner or loser! Read: Personal Capital vs. Mint. The battle will consist of several categories that are most important to those who use these services. 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 puts a focus on the investment component of their platform and it shows. Best personal loans of December 2020 Best personal loans for excellent credit Best personal loans for ... Capital gains calculator Federal income ... Mint Review. analyze all the data and make suggestions on how to better optimize and save you money Both are free to use and both have similar features, so which one should you use? Personal Capital: Feature Comparison. About Personal Capital and Mint. The “winner” really depends on what your goals are. 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. Which of these 3 financial management platforms has the tools to help you save $1000s per month? We will focus on the follo… A very close competitor is You Need a Budget, which is extremely powerful for changing your spending behavior. 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). One major difference between Personal Capital vs. Mint and YNAB is that it focuses on your cash flow instead of strict budgeting. Personal Capital Sign Up Personal Capital is an excellent company. 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. Let’s break down the features that both apps share, and compare each of them with each other. Last month I spent a lot of time thinking about switching to Personal Capital or YNAB from Mint, but I decided not to. Still, the massive convenience of on-the-go personal finance overrides the small inconvenience in capabilities for both Mint and Personal Capital. It’s important to make sure you are comparing apples to apples when considering fees. Mint: Mint launched in 2006 and was quickly dubbed the "Quicken killer." Both of these apps have over a decade of growth under their belt, and they have the features to prove it. Both services have good content that is a nice complement to the free services. Still, though, at the end of the day, free is free. If you are strictly thinking about budgeting app, Mint is the clear winner in this category. Learn more, read our Personal Capital vs. Mint Review.. Is Mint Right for You? If you’re looking for an easy-to-use, free budget app, you can’t go wrong with Mint. Personal Capital. Cost: Winner –> Personal Capital. 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. Compare Mint vs Personal Capital - pros and cons of budgeting apps (2020) Are they safe? While the two are very similar, there are striking differences between both. 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