personal capital vs mint
Yes but no. Your request is responded to quickly, usually within 24 hours. First, let's get into a little history with both services. We LOVE Mint.com. Yes, and I trust them with my information. 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. Neither app offers much in this department, so prepare to be underwhelmed. Personal Capital: Feature Comparison. unfortunately PC doesn’t link with my 401K AON account … this is too bad as I have 25% of my NetWorth there. So between the two, I get my yin and yang for my short term and long term money goals, and Iâd recommend both to any of my family and friends! Linking accounts to Personal Capital and Mint, Personal Capital vs. Mint â More to know, Personal Capitalâs Retirement Fee Analyzer, What M$M readers are saying about Personal Capital vs. Mint, Personal Capital vs. Mint â My final word. 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. I love taking input from my readers to help even more people make informed choices about the tools and services that are on the market today. Your email address will not be published. I’ve actually deleted and recreated my account multiple times to recreate portfolios as either Personal Capital support has never responded to my support questions although PC sales rep called me over 15 times last year. While it does show your portfolio values over time, there are no tools available to aid with retirement planning or analyzing asset allocation or fund expenses. Personal Capital I check about once a week to get a snapshot of my networth and the graphs of how our investments are doing. Yeah I prefer it too, Mint just seems a little messy to me. When I was linking my investment accounts to Mint, I did have a couple of issues: Verdict on linking accounts â Personal Capital wins. They both cater to a U.S. audience though Mint … Personal Capital is also free for its basic features, making it comparable to Mint in that way. In addition, the banks know the communication is from Yodlee or Intuit and block other transactions from occurring. On the other hand, negating budgeting altogether, calling it overblown is a bit unbalanced and shortsighted. Iâm going to break down the most important components of each app to help you decide which money tracking tool is best for you. This has been a sticking point with many Mint users — there's no customer service. Personal Capital and Mint both give you an overview of your spending and investments but in different ways. I’m sure they added it in to compete with Mint, just like Mint added in investment trackers to compete with PC. 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. Does one of the tools provide an option to calculate Internal Rate of Return (IRR) over multiple year periods? That means that if you open a credit card with a recommended company, that company pays Mint. I need at least 1 full years 2016 to do my taxes with Turbo Tax. However, from our testing, Mint catches many more bill alerts and accurately reports bills that are coming due. Good recap of two of the most popular financial apps out there. Two of the comparisons that I did not see with your comparison are: Any advice or have others had this problem? And when I was writing this overview of Personal Capital vs. Mint, I ran into it again. Support has not always been useful as sometimes they made me delete an account and re add it losing valuable history but they have ALWAYS responded where as Personal Capital has been AWOL to all of my support requests. I did reach out to them once about it and they indicated that they don’t support HSAs, and it seems like they haven’t added that functionality yet. Hi guys I’m looking at Personal Capital , Mint , Quicken because we have rental properties and I think Quicken is the only version that tracks investment properties ? In my house, we use both Personal Capital and Mint. Personal Capital's and Mint's apps allows for fingerprint login on iOS devices that support it. You can still track your spending with Personal Capital, but the goal isn’t … If you are strictly thinking about budgeting app, Mint is the clear winner in this category. Both money tracking tools clearly have some great features, but there are a few more differences I want to point out about each. Great review! Even Canadian ones. CountAbout was a chore and quite frustrating with sync issues, account link issues, crappy interface etc. Mint.com is free to use, and Personal Capital offers two … Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Drives me nuts. Which you will like best will be determined by where you are in your financial journey. Personal Capital pulls the due dates from your linked accounts to remind you, but you canât add reminders for accounts you canât link, like utilities. I use both. Like you said, the net worth tracker is the best feature of the whole program and thatâs what I exclusively use it for. For each service, some features are exclusive to the mobile app or the website. Hereâs how both Personal Capital and Mint are keeping your accounts and information safe: Mint does go one step further with multi-factor authentication, which is becoming the new standard. 13 Best Delivery Apps to Work For â Make $200/Day? Oh wow you’re all over it haha! The other one gets a few years worth. There is a full and easy to find a disclaimer about the checkup (super important). Odd, I have a tweet from their Chief Product Officer in 2016 where they told me that they don’t support HSAs. Being a user of both Mint and Personal Capital, I'm here to give a complete, detailed comparison review. Mint offers Chat, but itâs more of an email supported help, and Iâve never found it incredibly helpful or fast. 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. In fact, we've named Personal Capital one of the best investment apps. Thanks for sharing your thoughts! But your reporting of non-support doesn’t match my one day of experience using Mint. But every time I've contacted Personal Capital, I've gotten a quick response (less than 24 hours) to my questions. As I'm sure you can guess, Mint.com uses Intuit's synchronization service. Personal Capital does NOT show IRR. Mint asks you to add your cell phone number to verify your accountâs safety, but it isnât required. Personal Capital, however, uses Yodlee to sync up financial services and has fewer reported synchronization issues. How do the two programs compare as far as importing existing data from Quicken? You can set your monthly Personal Capital budget to whatever youâd like, and then they use your transactions to show you where youâre at with your spending vs. cash flowâ¦ or money going out versus money coming in. This is meaningless (or misleading at best) for an account where you are making regular contributions. However the view service is free and no other service gives such allocation breakdowns by fund component. We know that managing finances is not easy. Do keep in mind your username/password is using the same services as Mint is using. They are just so different in terms of functionality. I will continue to smoke test…. I’ve heard great reviews about YNAB, but I just have no interest in keeping receipts and logging every transaction manually. You do bring a good point and perhaps we add this review criteria in future reviews. It has a full-featured budgeting functionality that you can access from your mobile or desktop. And like Personal Capital, the site is very user-friendly. Not by you, the app, or a hacker. Personal Capital, on the other hand, does not offer a full-function budgeting tool. 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. This doesnât mean that you should overlook Mint, because they clearly offer an awesome budgeting tool, and you should check Mint out if youâre interested. DoorDash vs Grubhub â Which Is the Best for Drivers? Verdict on synching accounts â Personal Capital wins. Unlike Mint, Personal Capital can be used for planning for future financial goals such as retirement, saving toward college, buying a house, etc. Personal Capital has the tools to analyze your investments and tell if you're on track. I’m sure that it’s much better now, as this was a while ago, but it was a big turnoff for me. After a few attempts and do-overs, I deleted my account. Required fields are marked *. Now if you don’t like that issue then your only option is to switch banks, but in this hacker filled world this option is unfortunately only going to increase. Save my name, email, and website in this browser for the next time I comment. Meaning they know it’s an aggregation service and only allow read-only of the specific data. 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.â. Personal Capital is clean and focused on your finances. 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 arenât listed. 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? Personal Capital really lets you interact with your investments. I’m trying to find an alternative to Quicken and found this article. Mint or Personal Capital? One of the big advantages of Mint is that the service is completely free to use. 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. They auto populate your sheets and then offer Google Templates that can provide the reporting needs. Personal Capital gives you a visual representation of this, and the actual numbers for each part. Do you happen to know how we might both be able to track our individual spending (and update our budget) so that we are both looking at the most current changes/expenditures no matter who enters it. Earn more through budgeting tools and apps, and you can print out a year-end report. And report can help you rectify that situation, jewelry, etc were in. You do bring a good point and perhaps we add this review criteria in future.! Larry – been following your post with interest allows me to categorize my expenditures and myself! 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