In my house, we use both Personal Capital and Mint. You can share the app with multiple people. Which is better and why? Top Alternatives: Best Budgeting Alternatives for 2020. They’ve grown to over 10 million active users, seeing over 250 billion transactions per year. 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. The retirement planner is awesome as well.”, “Big time Mint Man… I love that it gives me an overarching view of everything that I have due/have paid recently.”, “My favorite part of Mint is over time trending data and the ability to compare months or years spending/income.”, “I have a bit more history with Mint, as I used it throughout college to help me manage my beer/food budget… As I started getting more serious about the PF side of things I turned toward Personal Capital to help me manage my net worth and long term goals… So between the two, I get my yin and yang for my short term and long term money goals.”, “I think it’s great that Personal Capital allows you to plan your retirement, but I like how easy Mint is to use and that it’s, for the most part, simple. 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. I use both but I tend to use Mint way more. Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. YNAB have a 34 days free trial period so anyone can try it. EveryDollar vs. Mint Comparison: Which Budget App is Best? There’s no clutter, no ads, and you can easily find the tools you need. 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. Plus right now Personal Capital has a great deal going on for readers: You can get a FREE portfolio review valued at $799. Thank you for this comprehensive review. Based on reliability, we recommend using Mint for billing alerts over Personal Capital. With Mint you can change transaction dates when needed (for budgeting alignment). Another thing that irked me is that with Mint, you can at least open the online app and give it a test drive before giving up your personal bank and credit card information that is REQUIRED just to get in the front door of Personal Capital. Disclaimer: This post may contain affiliate links. It doesn’t hurt to see your credit report through Mint. Mint offers Chat, but it’s more of an email supported help, and I’ve never found it incredibly helpful or fast. I cannot find any personal finance application online which supports accounts and assets in both the UK and the US. 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 received my first phone solicitation from PC today as well. However, Personal Capital isn't as good in budgeting and bill pay, while Mint excels in this functionality. What about security? Technology has legitimately streamlined our budgeting, spending, and investment practices with a variety of personal finance apps and money tracking tools. But here’s the difference…. Happens about 3 times a year. Mint is mostly an aggregator and budgeting app, while Personal Capital is mainly … For more information, please read our. I love that both get updated automatically without needing to manually log transactions. Postmates vs. Grubhub – Which is Better for Drivers? All I want is a program for checking account. Hoping this makes sense. 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. One major difference between Personal Capital vs. Mint and YNAB is that it focuses on your cash flow instead of strict budgeting. But, Personal Capital gives you the tools to understand and utilize your investments. You can trust the integrity of our balanced, independent financial advice. Sign up here and find out how to qualify for a free portfolio review. I’m a long-time Mint user, but I love reading about all of the additional features PC has to offer. 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. Despite seeing tons of articles comparing the two, Personal Capital and Mint are actually very different programs. Stocks” and I’m given a complete breakdown of large, medium, and small cap value, core, and growth. You can run multiple scenarios to find the best plan to put you on track for retirement. NOTHING ELSE NEEDED. and they said that they support it. Mint was founded in 2006 and was acquired by Intuit in 2009. 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. Honestly I haven’t tried that one out yet. If you’re behind on retirement savings, this might be a huge wake-up call. I plan to smoke test it in the next few days. Depending on how you’re investing your money, you may run into fees that can wind up costing you thousands of dollars over the course of your retirement strategy. That may sound like a pretty intense investing tool, and not every investor is going to nerd out about this stuff as much as I do. They are just so different in terms of functionality. When Mint was created, it used the external service Yodlee to aggregate financial data. But for my banking it’s pretty good so I can dump Quicken. I do not see this addressed. In fact, we've named Personal Capital one of the best investment apps. I’ve used Personal Capital for the last 5+ years now for tracking investments and when it works it’s glorious. 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. I just want to make that clear. From our testing, Mint's synchronization is not as reliable when compared to Personal Capital. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. The clear winner in this category is Personal Capital. I really don’t see any reason for not using both tools. Bobby Hoyt is a former band director who paid off $40,000 of student loan debt in 18 months on his teaching salary and then left his job to run Millennial Money Man full-time. We know that managing finances is not easy. Both services are read-only; you cannot perform transactions (i.e., transfer cash out of your checking account) via the services, and the data they download doesn't include any account numbers or other identifiable information should your account get compromised. However, the customer service team has been solid and they are working to support my 401(k) provider within the next few weeks! 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. Verdict on investing – Personal Capital wins, hands down. I would think if the password hash algorithm is hacked, then yes, they could in fact gain access and transfer funds from your account. The platform incorporates all of your financial accounts, including bank accounts, investment accounts, credit cards, and other loans. Mint: Mint launched in 2006 and was quickly … 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. Personal Capital’s budgeting feature is essentially just a chart that shows your cash flow for a period of time. Both tools function as Robo advisors.And because they’re … Mint is a stronger budgeting app and Personal Capital is a better investment tracker. Mint really gives you more guidance when it comes to budgeting. Maybe someday I’ll graduate to using a more holistic tool like PC, but for now I like to keep my savings out of sight and out of mind on a day to day basis so I’m not tempted to slack off on my savings 🙂. Drives me nuts. And they were really aggressive as I kept telling them that I already work with a financial advisor. Thanks in advance! It’s very important to me that I can see how my year is projecting to end up. Personal Capital is the most valuable one for me. Okay, this is where Mint shines, not going to gloss over that at all. Personal capital here I come. 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. I’ve even been able to contact Personal Capital to help my readers with some of their questions. Do someone have any idea on apps which can plan for at least a year, but preferably 3-5 year period? Verdict on user experience – Personal Capital wins. Would you recommend Personal Capital to someone like me? I prefer PC for tracking my investments and net worth. Mint vs. When I was trying out the Stash app for my Stash review, Mint categorized a deposit into my Stash account as “public transportation.” Personal Capital listed it as “other expense,” which is a little better. By showing where you’re losing money, you can make adjustments to optimize your retirement funds. Neither Mint nor Personal Capital support accounts outside of the US and Canada. Personal Capital and Mint are among the best personal finance apps available to web-based and mobile users. you can now create customized categories, although you can only do so through the app and not through the online portal (which is strange). This keeps me up to date on our spending habits, and ensures there are no incorrect or fraudulent charges on our accounts. 5 Reasons Why Tinder and Budgeting Are Basically the Same Thing, Best Budgeting Apps and Personal Finance Tools. Currently also experimenting with Buxfer too, it seems promising and its free. unfortunately PC doesn’t link with my 401K AON account … this is too bad as I have 25% of my NetWorth there. I’ve yet to try paying bills through the interface, but do have all my bills linked up to it. 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. Maybe you can use your sway to convince them!? Check it out! Both were easy to link accounts, PC has a lot of intrusive Email, Popups and Sales calls Here are the investment fees, which are based on assets under management: 1. I think they’re both great and are very useful. I plan to give this a try (30 day free trial). I think it’s great that Personal Capital allows you to plan your retirement, but I like how easy Mint is to use and that it’s, for the most part, simple. You don’t have to click on any of these, but know that you’ll see them. This seems like such a simple fix. Mint’s Dashboard: Click to enlarge. This is why I still use Quicken, unfortunately. With its latest Retirement Planning feature, Personal Capital will help you determine how much you need to save for retirement within just a few seconds. I sent Mint an email and will follow up when I get a response. Personal Capital hasn’t quite made that leap and asks that you register your computer before using. That’s actually a pretty common myth about credit scores – it doesn’t hurt if you pull your score and report (like seeing it through Mint), but you will get a small ding if a lender or credit card company does. Yes but no. Investor Junkie strives to keep its information accurate and up to date. Fees – Personal Capital vs. It’s important to make sure you are comparing apples to apples when considering fees. So if you’re using the service to see your big picture, you aren’t getting the big picture. Overall, Personal Capital is more reliable and has excellent customer service and retirement planning and investing features second to none. This doesn’t mean that you should overlook Mint, because they clearly offer an awesome budgeting tool, and you should check Mint out if you’re interested. 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. An old review, but good info. And if there is ever any fraudulent activity, your credit score and report can help you rectify that situation. They're free, so what do you have to lose? Mint recently added a new bill pay tool. At these prices you can have both Personal Capital and Mint. This is a deal killer for me too. Both programs share several fantastic features: Free to Use – Naturally, the first benefit we all look at is that they are both free! doesn't offer a retirement planning overview, projected portfolio value, or any other investment-related features. Both apps show you the performance, value, and allocation of all of your assets. If you are more hands off, Personal Capital offers a free Investment Checkup that analyzes the allocation, stocks, and costs of all of your investments. I’m trying to find an alternative to Quicken and found this article. They are there for your protection. Can You Really Rely On Your Pension In Retirement? Getting used to Mint and PC since Quicken was sold and I upgraded from 2015 to 2017 Meaning they know it’s an aggregation service and only allow read-only of the specific data. With budgets, alerts, and other tools, Mint has cornered the budget tracking space like no other. 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