I still cannot link one credit card account that I know is the correct link. I’ve yet to try paying bills through the interface, but do have all my bills linked up to it. I’ve heard my readers complain about this too. So for me MINT is the clear winner. It doesn’t seem like I can get a good picture of how much I spent on travel AND how much I spent on each trip. Back in the ’90s, I helped create some of the first financial websites for firms like Chase, T. Rowe Price, and ING Bank, and later went on to work for Nomura Securities. Even Canadian ones. A higher score opens you up to better rates on a mortgage, student loan refinancing, and lets you take advantage of some of the best credit cards for travel hacking (if that’s your thing). Mint: Mint launched in 2006 and was quickly … I was prompted to link one account, but then it took me a while to figure out how to add another. I also use two manual spreadsheets to track everything every month. You get notifications if you are close to overspending in an area. Verdict on bill management – pretty boring tie. By showing where you’re losing money, you can make adjustments to optimize your retirement funds. Mint will also notify you via email of a pending bill. I actually talked to them about your issue the last time I called in (I believe you mentioned it in my last review?) Personal Capital is clean and focused on your finances. This seems like such a simple fix. We may, however, receive compensation from the issuers of some products mentioned in this article. This is another really valuable free service that comes with Personal Capital, and the Retirement Planner works by analyzing: All of that is put together to show you your trajectory towards your ideal retirement age. Mint makes money by showing users offers for outside financial services – credit card offers, brokerages, bank accounts, and more. Personal Capital was founded in 2009 and now has over 2 million users and manages over $9 billion in assets. Whereby you can then perform wire transfers, etc. Quicken vs. Mint: Which Budgeting Tool is Better in 2020? What you don’t mention about Personal Capital but I found out elsewhere is that Personal Capital uses your investment information to personally CALL YOU to sell you their portfolio management services. Personal Capital vs Mint – What You Get with Both. Mint vs. YNAB 2020 | Which Budgeting App is Best? Honestly I haven’t tried that one out yet. It simply takes final balance and initial balance for the time period to compute what it calls “performance “. It does not allow you to adjust that value. For peace of mind, Mint offers two-factor authentication. Mint gives you quarterly updates on your credit score and also shows you what’s hurting and helping you and why. Its main focus is on your net worth, investment tracking, and helping you prepare for retirement. How does Personal Capital handle tax preparation? 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. I currently use Quicken for Mac and am interested to switch platforms. Postmates vs Doordash – Best Side Hustle & Pay for Drivers? You can see how Mint compares to other popular budgeting apps: My only real complaint about budgeting with Mint is that they sometimes miscategorize transactions in strange ways. But your reporting of non-support doesn’t match my one day of experience using Mint. Personal Capital requires a phone number during this process to ensure your account’s safety. they love to trash betterment. I personally do better managing short-term money goals and seeing that savings rack up over time, so I really do prefer Mint. 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 does show performance over time, but not clear if it is using IRR. EveryDollar vs. Mint 2020 – Which Budgeting App is Best? YNAB have a 34 days free trial period so anyone can try it. Jimbo, the security prompts have nothing to do with Mint OR Personal Capital but the security requirements by your bank. Would you recommend Personal Capital to someone like me? Great review! And it does both of these tasks well. And since it’s using a spreadsheet, you get all the flexibility and power you need. And you'll be able to process most functions on the go. The financial tools Personal Capital … Would be great if you can take a look and offer your assessment. Like you said, the net worth tracker is the best feature of the whole program and that’s what I exclusively use it for. Big time Mint Man… Haven’t tried out personal capital. No matter what anyone says, your credit score is an important part of your financial life. When I was linking my investment accounts to Mint, I did have a couple of issues: Verdict on linking accounts – Personal Capital wins. The one thing that I can’t believe PC has added is the ability to create custom tags. Both tools looks great. Personal Capital does NOT show IRR. PC is very cumbersome and slow for categorizing. A very close competitor is You Need a Budget, which is extremely powerful for changing your spending behavior. Most money tracking tools have a pretty similar sign-up process, and Personal Capital and Mint are no different. I love the You Index to track your investment performance relative to the S&P and Dow. You can add real estate, cars, boats, jewelry, etc. Personal Capital, on the other hand, does not offer a full-function budgeting tool. Investor Junkie has advertising relationships with some of the offers listed on this website. I do not see this addressed. Looks like a startup but I really like their approach as they use Yodlee as well but instead of building a ton of custom software, they work with Google Sheets/Excel instead. 2. Thanks. I was a disgruntled Quicken 2016 user when it suddenly became unstable and unable to sync my accounts. Investor Junkie strives to keep its information accurate and up to date. Thank you, in advance, for your answer. Despite seeing tons of articles comparing the two, Personal Capital and Mint are actually very different programs. Question for the experienced Mint users out there. The platform incorporates all of your financial accounts, including bank accounts, investment accounts, credit cards, and other loans. I don’t use either. Here are the investment fees, which are based on assets under management: 1. Personal Capital is also free for its basic features, making it comparable to Mint in that way. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Personal Capital’s budgeting feature is essentially just a chart that shows your cash flow for a period of time. However, it’s important to note that there are still some differences between Personal Capital and Mint. All I want is a program for checking account. Quicken for Mac offers this feature which is very helpful to sent to my Tax Preparer. Beyond the annoyances, I do like the features and online advice, other than it sees my 401(K) and my Roth IRA as “cash” investments for some reason. I like both and they have different functionality than Quicken Great article. The reason is that Personal Capital doesn’t connect to all of my accounts, so unfortunately, I’m not able to get a full picture of my money. Personal Capital shines in this area. Not sure if it’s the same as Mint, but Mint requests your bank card # and the password you use to log into that bank card on the bank’s own website. Technology has legitimately streamlined our budgeting, spending, and investment practices with a variety of personal finance apps and … I hate keeping receipts if I don’t have to. I’m sure that PC is a good solution for a lot of people – it has a lot of fans. Hoping this makes sense. Both tools function as Robo advisors.And because they’re … Helping make finance easy. Oh wow that’s great to hear! To echo some previous posts though, I have also had issues linking all of my accounts, even though they are through major financial institutions. So, here’s what readers in my Millennial Money Man Facebook Community are saying: “I like Mint for tracking my expenses and spending, I think at this point, because I’ve finally gotten it the way I like it, I find it’s more accurate and less time-consuming… I prefer PC for tracking my investments and net worth.”, “For a tool like this, I’m much more concerned with investing and retirement planning than budgeting, so Personal Capital fits my needs much better. Verdict on synching accounts – Personal Capital wins. That means that if you open a credit card with a recommended company, that company pays Mint. That includes checking and savings accounts, credit cards, loans and investment accounts. Sign Up to a Free Personal Capital accout, Net Worth Trackers: Apps & Tracking Services, Cashback Rewards: How to Earn Extra Money With Rewards Apps, The Comparison of Personal Capital vs. Mint. The only time they could grab your username/password is during the input of this information. This makes Personal Finance (PC) worthless for budgeting. However, constant integration problems and incorrect amounts have driven me to utter frustration. For users who need help using Personal Capital… 1. For most people, it won’t matter all that much. I haven’t used the fee analysis or retirement calculators yet, but I definitely think those are valuable features. I wouldn’t say that I love it, but its purpose is to help me track my spending and provide a clean view of all of my accounts. Mint makes its money off of ads, which are tailored to your financial situation. I’ve been a long time Mint user (probably since 2008 or so) and the continuing syncing problems became the main reason I’m switching to Personal Capital. I love that both get updated automatically without needing to manually log transactions. I then went to Mint. Absolutely true… there’s not many free lunches out there! Rather than needing to log into your checking account and credit card companies, you see everything in front of you at once, with numbers you should be able to trust. Do keep in mind your username/password is using the same services as Mint is using. But here’s the difference…. If you need to take a break from linking accounts during the sign-up process or forget about something, it’s a little easier to pick back up with Personal Capital. Which one is best? Maybe when I start investing more I’ll utilize Personal Capital though. Yes, and I trust them with my information. Also, the constant “Security Update: You Used Remember My Device – Please Confirm” with one of my accounts (Pershing) is very annoying. I looked at GNuCash which is open source and free, but after pounding my head against the wall to make it work for me, I gave up. I’m going to break down the most important components of each app to help you decide which money tracking tool is best for you. You can do a manual investment where you manually update it. They did have a bill pay feature, which let you pay some of your bills through the app, but that was canceled. NOTHING ELSE NEEDED. I don’t know the specific number of times, but if you want to email me and let me know what the names of the banks are I’d be happy to ask them about it! Can You Travel the World With Kids (On a Budget)? Some it will say it added but wont show up under the bills. All Rights Reserved. The budget-setting options the app does offer can be quite useful for those looking to plan … But personally, Personal Capital is the most valuable one for me. I’m sure that it’s much better now, as this was a while ago, but it was a big turnoff for me. How does Personal Capital compare to Mint? I checked a little bit later and Mint acknowledged that the transaction had been made, adjusting my balance but not my available balance. YNAB vs. Mint 2020: Which Budgeting App is Best? However, from our testing, Mint catches many more bill alerts and accurately reports bills that are coming due. I sent Mint an email and will follow up when I get a response. 15 Best Free and Paid Quicken Alternatives (2020), Credible Review 2020: Easily Compare Student Loan Rates In 2 Minutes, The Geography of Student Loan Debt in America, This Is How We Ended up With Over $600,000 of Student Loan Debt. But for my banking it’s pretty good so I can dump Quicken. For us who receive a 1st of the month paycheck, which usually posts early when the 1st falls on a weekend or holiday (non-banking day), the inability to change the date completely messes up the ending month and next month budgets. I know Personal Capital has discussed this option but it isn’t a feature ATM. As I'm sure you can guess, Mint.com uses Intuit's synchronization service. Hi Larry, considering a mobile app to help track finances and budget. 0.89% of the first $1 million 2. So for the most part is susceptible to the same types of attacks as Quicken if you perform direct connects. Personal Capital: Feature Comparison. Of course this requires my manual input but, at least for me, because I’m so invested in it, I’ve found this to be a much more effective way to track our family finances than relying on a third party. Plus, the mobile app requires a pin to access … Since both services are free to use, it makes it much easier to compare. Mint.com is free to use, and Personal Capital offers two … 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 … But every time I've contacted Personal Capital, I've gotten a quick response (less than 24 hours) to my questions. I’m trying to find an alternative to Quicken and found this article. I’ve been using Mint for budget/banking, and PC for investing. Also, Personal Capital always incorrectly tags my transactions, ex credit card payments should be labeled “transfer” and not “expense”. I did an online chat and, within 10 minutes, had it solved. Mint was founded in 2006 and was acquired by Intuit in 2009. Your request is responded to quickly, usually within 24 hours. Or what if I make an ATM withdrawal on or near the last day of the month but want it to hit the next month where it will be spent? Oooh, the second I read this headline I thought, “It’s on!” For me personally I prefer Personal Capital. If you're not sure which one you'd like, just try them both. That’s great. This keeps me up to date on our spending habits, and ensures there are no incorrect or fraudulent charges on our accounts. I’m surprised you rated Personal Capital as the winner of support, you may be getting preferential treatment. Investor Junkie strives to keep its information accurate and up to date. But, like u said it seems to be very good for tracking investments/retirement accounts. My issues with PC are that it can’t integrate popular free services such as Robinhood. When you compare Personal Capital vs. Mint… We have used YNAB for a few years and I will gladly pay for the service. I cannot find any personal finance application online which supports accounts and assets in both the UK and the US. 1. Plus with using Yodlee (Personal Capital) Inuit (Mint) you are accessing it through their service which only allows downloading of transactions. It does this with some really robust tracking and analysis tools that are available in the free and paid version, like: To learn about everything Personal Capital offers, including their paid services, you can read my full Personal Capital Review for 2020. I became complacent that I am “in a good place” for someone my age and was more likely to splurge on things I didn’t need. 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