While the two are very similar, there are striking differences between both. Still, though, at the end of the day, free is free. One of the advantages of Mint is the ability to create a budget (Personal Capital has recently added a budgeting feature, but this is one area that Mint still excels). If you are strictly thinking about budgeting app, Mint is the clear winner in this category. Budgeting is hands-down of the best things that you can do for your money. Mint. Personal Capital puts a focus on the investment component of their platform and it shows. Still, the massive convenience of on-the-go personal finance overrides the small inconvenience in capabilities for both Mint and Personal Capital. Difference: Synchronization of Financial Data Many Mint users report some syncing issues with their bank accounts; one of the big ones is Ally Bank. It pulls your entire financial life into one application. This Personal Capital vs. Mint vs. Quicken Review will help you understand the similarities and difference between these three financial management apps and decide which one(s) are for you. Personal Capital vs. Mint vs. Quicken—Top Features Personal Capital, Mint and Quicken – Common Features Check it out! Let’s break down the features that both apps share, and compare each of them with each other. Arielle O'Shea November 13, 2015. The budget-setting options the app does offer can be quite useful for those looking to plan for college, retirement, a new car or home, or any number of sizable, long-term investments. Whether it was balancing a checkbook or writing expenses in a ledger, you had to input everything by hand and do a lot of math to get accurate results. The truth is, both of them offer great services and powerful features. I went straight to their website after hearing about them, to get myself set up with an account. With budgets, alerts, and other tools, Mint has cornered the budget tracking space like no other. Personal Capital vs. Mint: The Verdict When it comes to Personal Capital vs. Mint, there isn’t really a winner or loser! The battle will consist of several categories that are most important to those who use these services. Tomorrow I'll talk about Quicken. In a nutshell, Personal Capital, Quicken and Mint all have their own uniqueness and functionality despite the obvious similarities. That includes your checking, savings, credit cards, investments, retirement accounts, and even your PayPal account. There was a time when monitoring your financial situation was relatively complicated. Our Review of Mint vs. The software is essentially autonomous once you connect all your financial accounts, although occasionally (very rarely!) But, compared to other software like Mint, which is also free and offers many more tools, it’s hard to say it adds a ton of value. Additionally, their site was really easy to use. If you want expense tracking and a better suite of tools to look at investments, Personal Capital is the to… Personal Capital offers a platform where you can gain access to human advisors and full scale investment management. Personal Capital, on the other hand, excels at that. Today I'm going to cover both Mint and Personal Capital. Read: Personal Capital vs. Mint. When looking at Personal Capital vs. Mint, it's important to note that Personal Capital has numerous features that make it a great financial tool. Personal Capital has other strengths and can even best Mint in budgeting for things like retirement. Personal Capital Sign Up Personal Capital is an excellent company. The … I think both of these tools are great – but, personally, Personal Capital is the one I value the most.While Mint is in the lead for budgeting, Personal Capital is more reliable and offers excellent customer service – which is so important if you choose to allow a platform online to help you with your financial management, and share with them your most sensitive financial data.After all, you don’t want to be left hanging when you have questions about your money. It is registered with the SEC and can help you make investment decisions. Both Mint and Personal Capital use top-end encryption through the AES-256-bit technology that makes it impossible for hackers to steal your information. If you don’t know where your money is being spent, you’ll never take full control of your finances. Clint Haynes. We won’t have to compare costs as there aren’t any! Read on to see why. One major difference between Personal Capital vs. Mint and YNAB is that it focuses on your cash flow instead of strict budgeting. I think people are likely to use one or the other but not both. Personal Capital and Mint are both personal finance-related apps that can help you manage your money. Best personal loans of December 2020 Best personal loans for excellent credit Best personal loans for ... Capital gains calculator Federal income ... Mint Review. It’s even tougher to get a handle on your financial situation without considering all your different accounts. Personal Capital offers two services, a paid version that acts more like a robo-advisor for clients with over $200K in investment assets and a free one that can be used by anyone. Which of these 3 financial management platforms has the tools to help you save $1000s per month? Based on our review, the answer is: probably Mint. Best Personal Finance Software: Personal Capital vs Mint vs Quicken vs You Need A Budget vs MoneyDance & More Kimberly Alt Updated: January 24, 2020 91 Comments To sustain this free service, we receive affiliate commissions via some of our links. Personal Capital vs Mint Mint is a free web service to aggregate all of your financial accounts, including bank accounts, investment accounts, credit cards and other loans. Read MU30’s full Personal Capital review. About Personal Capital and Mint. Mint.com is free to use, and Personal Capital offers two levels of service: one is completely free to use, and the other charges an investment management fee based on the total assets under management. Why People Need Budget Tools 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 can log on to my 401k or IRA service periodically to check, but I'm not actively trading. Fees, features and tools. The “winner” really depends on what your goals are. Mint vs. Mint also delves into more personal finance topics, whereas Personal Capital is focused more on investing. Read this Personal Capital vs. Mint vs. Quicken Review with a focus on your specific money-monitoring needs. Last month I spent a lot of time thinking about switching to Personal Capital or YNAB from Mint, but I decided not to. You can still track your spending with Personal Capital, but the goal isn’t categorizing each transaction or balancing things to zero, it’s about the larger picture and maintaining a positive cash flow. Monday, December 23 2019 . Mint: Mint launched in 2006 and was quickly dubbed the "Quicken killer." It was one of the first free budgeting apps. Compared with similar online financial advisor Vanguard Personal Advisor Services, Personal Capital is more expensive: Vanguard charges 0.30% for … If you’re looking for an easy-to-use, free budget app, you can’t go wrong with Mint. Once you completed the integration, Mint will automatically track your income and expenses … Being a user of both Mint and Personal Capital, I'm here to give a complete, detailed comparison review. Since both services are free to use, it makes it much easier to compare. You'll never guess how you can link some of these platforms to your account for automated savings! Personal Capital vs. Mint: Fees. The main differences between Personal Capital vs Mint are: Mint is primarily a budgeting program, especially for anyone wanting to get control of their finances, whereas Personal Capital is more about providing a professional investment management service 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. IF you don’t have an understanding of encryption protocols, then you should take some comfort in the fact that AES-256-bit encryption is the same tech used by the government. When looking at Personal Capital vs. Mint, you’ll notice one big advantage to using Personal Capital is that Mint is quite weak when it comes to helping you make better financial decisions. Compare Mint vs Personal Capital - pros and cons of budgeting apps (2020) Are they safe? It’s important to make sure you are comparing apples to apples when considering fees. Both services have good content that is a nice complement to the free services. Personal Capital. Personal Capital: Feature Comparison. 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 $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million: Minimum Deposit If you are spending more than you save and want help, YNAB is a service you should consider (it's not free though). I had planned to review Mint and Personal Capital in separate posts, but as I began to pull things together I realized it made more sense to cover them at the same time. Cost: Winner –> Personal Capital. Personal Capital vs Mint vs Quicken review for 2019. Mint is an online personal budgeting platform. The dashboard, the investing trackers, the budgeting tools — all free for both services. Manage all accounts in one place Personal Capital allows you to link all of your accounts, and be able to view them all in one dashboard. With Personal Capital, you’ll have access to projected values of your portfolio over time, retirement forecasting, and a personalized investment strategy based on your unique risk tolerance. A very close competitor is You Need a Budget, which is extremely powerful for changing your spending behavior. We will focus on the follo… The main services for both of these products are free. Both of these apps have over a decade of growth under their belt, and they have the features to prove it. Personal Capital Review: Personal Capital vs. Mint Mint and Personal Capital both offer investment management and budgeting tools without fees (although the latter has a paid service called Wealth Management). Budgeting analyze all the data and make suggestions on how to better optimize and save you money Fees – Personal Capital vs. Mint.com. If I'm following the general advice of r/personalfinance and bogleheads, I don't need to be tracking my investments daily. The big difference is that Personal Capital is also an investment advisor. Mint enables you to look at your entire financial situation holistically, rather than in the bits and pieces.Mint is one of the most popular budgeting applications available and is part of the TurboTax and Quicken families. Personal Capital also has a tool to help keep track of your upcoming bills, and their cash flow graph is a nice addition too. 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