Do you know if Personal Capital can produce a Spending Report by categories for tax-prep? Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Overall, Personal Capital is more reliable and has excellent customer service and retirement planning and investing features second to none. Would you recommend Personal Capital to someone like me? We know that managing finances is not easy. One feature I use “religiously” is the reconciliation of my credit card statements. Nothing wrong with consumers who want to look after their portfolio and manage a budget. Required fields are marked *. Personal Capital does NOT show IRR. Yes, and I trust them with my information. Mint is a stronger budgeting app and Personal Capital is a better investment tracker. Personal Capital. 1. I think it is amazing, my only problem is that while it is great for tracking and budgeting it seems to me that they does not really have options for long term planning. 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 thatâs your thing). Mint makes money by showing users offers for outside financial services â credit card offers, brokerages, bank accounts, and more. I will continue to smoke test…. One travel category doesn’t tell me the picture I want to see. 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. I then delved into the cloud apps out there. Plus with using Yodlee (Personal Capital) Inuit (Mint) you are accessing it through their service which only allows downloading of transactions. I have a bit more history with Mint, as I used it throughout college to help me manage my beer/food budget. To echo some previous posts though, I have also had issues linking all of my accounts, even though they are through major financial institutions. Mint, on the other hand, offers a strong budgeting feature and automatically … Maybe Iâm being a little over critical here, but I think this kind of stuff is important if youâre hoping to use one money tracking tool to show where you stand financially. You can share the app with multiple people. 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. If you are working on building your credit score, credit reports can show you how your hard work is paying off. You can monitor cash flow but cannot set specific spending targets. 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. We'll break down the comparison into these categories: Budgeting, Bill Alerts, Synchronization, Customer Service, Investment Analysis, Security, Mobile Access, and Retirement Planning. I know many people who use Mint as a companion to Personal Capital for this very reason. Mint I check everyday, usually multiple times. When you first start out in trying to manage your money, I think that thinking too far ahead could overwhelm you. 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). Technology has legitimately streamlined our budgeting, spending, and investment practices with a variety of personal finance apps and … Personal Capital's and Mint's apps allows for fingerprint login on iOS devices that support it. Both money tracking tools clearly have some great features, but there are a few more differences I want to point out about each. Donât forget to link accounts from micro savings or micro investing apps like Stash, Acorns, or Qapital. After a few attempts and do-overs, I deleted my account. In my house, we use both Personal Capital and Mint. It’s very important to me that I can see how my year is projecting to end up. Poor customer service in my opinion. I’d still say download both (I use both) and link up your accounts with them. You do bring a good point and perhaps we add this review criteria in future reviews. Mint has Pending Transactions, click on that I will see transactions that are not final but up to date. And the best part is, this feature is completely free. It reflects the total cost of the car and not just my 2 year lease. Mint is the clear winner in the budgeting category. No final decisions yet – and I’m still test driving Moneydance, which is pretty intuitive.