Great article. Some it will say it added but wont show up under the bills. Nor does it interface with TurboTax like Quicken does. I couldn’t live without Personal Capital’s investment tracking, net worth, and retirement planning tools, while Mint gives us a nice overview of our spending and has great budgeting capabilities. I started with Mint years and years ago, when it was first becoming popular and have had it ever since. I'm more interested in retirement planning, and I just like the overall look of Personal Capital. I have never used PC, but have been very happy with Mint for the 6 months or so I’ve been using it. 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. Mint is mostly an aggregator and budgeting app, while Personal Capital is mainly … they love to trash betterment. I’m surprised you rated Personal Capital as the winner of support, you may be getting preferential treatment. and they said that they support it. I’ve used Mint since 2012 and have had my share of account integration issues. Both Personal Capital and Mint are web-based platforms that shouldn’t require much in the way of customer support, but it’s still nice to know what’s available. Stocks” and I’m given a complete breakdown of large, medium, and small cap value, core, and growth. PC does not let you add Automobiles and Real Estate. If you are spending more than you save and want help, YNAB is a service you should consider (it's not free though). You can see all your money in one place. It offers … Investor Junkie is your shortcut to financial freedom. I actually talked to them about your issue the last time I called in (I believe you mentioned it in my last review?) I agree that the spending info is not that great on PC. Mint has no way I know of to print out a year-end spending report for tax preparation. Do someone have any idea on apps which can plan for at least a year, but preferably 3-5 year period? The account linking, while comprehensive was a bit cumbersome as it took a few tries to find the “correct” link due to the many choices (Fidelity for example). Personal Capital vs. Mint – Which Is Best for You? The budget-setting options the app does offer can be quite useful for those looking to plan … Do keep in mind your username/password is using the same services as Mint is using. Jim. personal capital has fixed a problem that they had previously, namely that you could not customize categories for transactions and expenses. It is a shame because the rest of the service is outstanding. 1. Intuit switched over to its own internal systems when the company purchased Mint — assumedly to save costs. So for the most part is susceptible to the same types of attacks as Quicken if you perform direct connects. The main thing that Personal Capital doesn’t seem to work with is HSAs. For peace of mind, Mint offers two-factor authentication. If you are looking to only manage your day-to-day budget or track your investments and retirement goals, the free version o… In my house, we use both Personal Capital and Mint. Mint recently added a new bill pay tool. Jimbo, the security prompts have nothing to do with Mint OR Personal Capital but the security requirements by your bank. However, at 56 years old, I am planning to retire at 60 (if not sooner) so as I get closer that may make a lot more sense. Both store our username/passwords for all the financial institutions we authorize, on their servers? You can email 24/7 about specific financial institutions or services, upload files, etc. Personal Capital is also free for its basic features, making it comparable to Mint in that way. Mint overall offers a more structured budgeting function that allows the average consumer, especially those dealing with a credit card or student loan debt, to take action with their budget. These three financial management software programs have vastly different fee structures, but Mint is the easy one: it’s free! please advise we can convert from quicken data to mint or personal capital. Mint doesn’t charge any fees in connection with the use of their service, so that makes it pretty easy to compare the two in relation to expense.Likewise, Personal Capital doesn’t charge a fee for its financial dashboard. Personal Capital: Feature Comparison. Sign up for free with Personal Capital today and get $20 when you join. We know that managing finances is not easy. For each service, some features are exclusive to the mobile app or the website. So if you’re using the service to see your big picture, you aren’t getting the big picture. I need to be able to categorize a vendor once and have it work for new payments to that vendor as they come in, as well as other old payments. A hash is stored, not a password. tried using mint and some accounts it wont add and I verified the account information. Both are free tools, but Personal Capital is ad free because they make money by offering high-level investment services and wealth management tools for high net worth individuals. But your reporting of non-support doesn’t match my one day of experience using Mint. It has a full-featured budgeting functionality that you can access from your mobile or desktop. Personal Capital’s budgeting feature is essentially just a chart that shows your cash flow for a period of time. I agree with you that the easier it is to get started, the more likely millennials will actually use it. Agreed with your comment above, Bobby, that Mint is “messy.” I always had trouble with it connecting to certain accounts and felt like there was too much information that was just “noise.” This was a few years back, though, so perhaps the system has gotten better. You can create custom categories but I couldn’t find a way to create sub-categories. Sure mint is great for budgeting, but I need more! I updated to the new version but much to my chagrin no improvement (lesson learned. However, I tried PC when it first launched and I really found the sales call really annoying. 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. These are things like: Both apps give you a list of some of the largest and most used financial institutions, and you can easily search for any that aren’t listed. If you already have an account with any other Intuit products like Quicken and TurboTax, you can use the same account when signing up for Mint. I’ve had issues with Mint synching my transactions. We will focus on the follo… Neither can be used at the moment for tax planning. If you are working on building your credit score, credit reports can show you how your hard work is paying off. Mint makes money by showing users offers for outside financial services – credit card offers, brokerages, bank accounts, and more. Honestly I haven’t tried that one out yet. You can manage your finances, including your investments, without charge.Personal Capital does charge a fee if you want it to manage your investments. It doesn’t take much to hit their threshold for reaching out to you. One of the big advantages of Mint is that the service is completely free to use. Personal Capital was founded in 2009 and now has over 2 million users and manages over $9 billion in assets. i have trouble with personal capital in linking accounts with mint i have none also personal capital they always trying to sell you their service by always attacking other avenues to use. I checked a little bit later and Mint acknowledged that the transaction had been made, adjusting my balance but not my available balance. So I mostly use Mint for this one feature. After that, there are a few differences…. I use both. But it’s quick attempt to find out everything about me before I could find anything about it was a put-off for me. Personal Capital showed a completed transaction that went through my checking account earlier that day, but Mint didn’t show it. Which is better and why? Personal Capital Like Mint, Personal Capital goes one step beyond just being a standard budgeting app and provides smart ways to manage your entire financial strategy. Ok that’s it! This keeps me up to date on our spending habits, and ensures there are no incorrect or fraudulent charges on our accounts. All products are presented without warranty. That includes checking and savings accounts, credit cards, loans and investment accounts. I can’t give you a recommendation, but will say Personal Capital requires a minimum of $25k in net worth before you can use their advisor service. You can still track your spending with Personal Capital, but the goal isn’t … 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. He is a personal finance expert who has been seen on Forbes, Reuters, MarketWatch, CNBC, International Business Times, Business Insider, US News, Yahoo Finance, and many other personal finance and entrepreneurship media outlets. I hope you can see that in the screenshots I’ve got in this article, but if not, check them out for free to see for yourself. Fees – Personal Capital vs. It’s important to make sure you are comparing apples to apples when considering fees. Mint is a great option if you want a free budgeting app that tracks your transaction but you don’t need to see them immediately. On the other hand, negating budgeting altogether, calling it overblown is a bit unbalanced and shortsighted. Top Alternatives: Best Budgeting Alternatives for 2020. When it comes to choosing a winner for the Personal Capital vs. Mint test, overall, I think both of these tools are great. 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. No thanks to PC. Thank you for this comprehensive review. Silicon Valley has gotten really good and anticipating any needs in the market and filling those needs with apps that are intuitive and designed well. The only time they could grab your username/password is during the input of this information. You can use fingerprint login through supported Apple devices. I am in the searching process for a good budgeting/tracking/planning app, but both supports only US/CA users which is not a problem unless you live outside of the continent 🙂 Also I think in my country there is no chance that anything will sync transactions in the next decade so I have to log everything by hand (on paper so far). Personal Capital is known for stellar customer service. It’s totally a psychological thing, but when I frequently checked up on all on all of my assets, I actually became less motivated to save. But every time I've contacted Personal Capital, I've gotten a quick response (less than 24 hours) to my questions. 2. Once you know what you are doing, then I think switching to Personal Capital will help you take the next steps in your financial journey. I don’t use either. Poor customer service in my opinion. The real cost of software is not the purchase price, but the time you put into it. Not by you, the app, or a hacker. It will require that you authenticate your device with a pin sent to your phone. The “Add Accounts” tab is nearly hidden under the browser bar, and you can also add an account by clicking on the gear image in the left side of your homepage…. high pressure sales. I wouldn't rely on this functionality. Want even more options for budgeting? In my house, we use both Personal Capital and Mint. When I was linking my investment accounts to Mint, I did have a couple of issues: Verdict on linking accounts – Personal Capital wins. Both of the personal finance software have apps for Apple iOS and Google Android. PC will pester you more to get you to sign up for their asset allocation service. Acorns Review 2020: Helpful Robo-Advisor or Waste of Time? Don’t worry, I’m not judging haha! Most money tracking tools have a pretty similar sign-up process, and Personal Capital and Mint are no different. Both were easy to link accounts, PC has a lot of intrusive Email, Popups and Sales calls This makes Personal Finance (PC) worthless for budgeting. I really don’t see any reason for not using both tools. Lately I’ve become a bit sour on Mint due to occasional syncing issues, blase interface, and lack of decent support. You can sign up for Personal Capital here and get $20 when you join. There was a lot to like at Mint, but not syncing is a fundamental miss. Verdict on user experience – Personal Capital wins. There are more categories and you can create custom categories. 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. Like you said, the net worth tracker is the best feature of the whole program and that’s what I exclusively use it for. Despite seeing tons of articles comparing the two, Personal Capital and Mint are actually very different programs. I currently use both Mint and PC. Much like Personal Capital, Mint is an aggregator for your entire financial life. I’ve been using Mint for budget/banking, and PC for investing. What about security? By showing where you’re losing money, you can make adjustments to optimize your retirement funds. Also, it tries to show you your investment big picture, but fails because a) it doesn’t show you all your holdings (yes you can add manually, but this is an enormous pain), and b) it doesn’t show you your true allocations/sector diversification because it won’t accommodate foreign holdings. Thank you for this. I was prompted to link one account, but then it took me a while to figure out how to add another. Also, Mint allows me to change the name of vendors from an incorrect name to a standard name in the foreground. Plus right now Personal Capital has a great deal going on for readers: You can get a FREE portfolio review valued at $799. We were planning on doing an in-depth review on in the near future. We have used YNAB for a few years and I will gladly pay for the service. I couldn’t live without Personal Capital’s investment tracking, net worth, and retirement planning tools, while Mint gives us a nice overview of our spending and has great budgeting capabilities. Hey Kathy! Personal Capital, on the other hand, does not offer a full-function budgeting tool. There is an easy to find “Help” button in the bottom right corner of the screen, and if you can’t find the answer to your question that way, just click on the “Contact Us” button that shows up within the “Help” screen. The financial tools Personal Capital … I vaguely remember the switch Mint made from Yodlee and how often accounts were “in error” or stopped syncing altogether. It reflects the total cost of the car and not just my 2 year lease. I tried to use Mint several years ago, but had difficulty linking all of my accounts. I made my decision to give PC a try mostly based on your review Larry. CountAbout was a chore and quite frustrating with sync issues, account link issues, crappy interface etc. Your request is responded to quickly, usually within 24 hours. But for my banking it’s pretty good so I can dump Quicken. Only downside I’ve had so far is from linking my lease whip to it (ya ya ik you hate them but I got a great deal 😉 ). For example, under “Allocation,” I can click on “U.S.