It doesn’t take much to hit their threshold for reaching out to you. 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 just click the + sign at the top left-hand side of your dashboard and link what you need to. I love that it gives me an overarching view of everything that I have due/have paid recently. Happens about 3 times a year. How Blogging Helped My Wife Retire Before 30, Why Early Retirement Isn’t My Goal (and Shouldn’t Be Yours Either), 50/30/20 Budgeting Rule: What It Is & How It Works, 12 Free Budget Templates to Get Your Money Under Control. 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. 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. If you need to take a break from linking accounts during the sign-up process or forget about something, it’s a little easier to pick back up with Personal Capital. 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. Cash flow is the amount of money you have coming in every month, from every possible source of income – paychecks, dividends, income on investment properties, earned interest, etc. 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. When Mint was created, it used the external service Yodlee to aggregate financial data. EveryDollar vs. Mint Comparison: Which Budget App is Best? Plus right now Personal Capital has a great deal going on for readers: You can get a FREE portfolio review valued at $799. Great review! 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 🙂. The change transaction date feature has been requested for years and PC ignores it. Neither Mint nor Personal Capital support accounts outside of the US and Canada. When we compare like Personal Capital vs. Mint, they both help you invest and manage your wealth. 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. This allows me to categorize my expenditures and assure myself that I’ve accounted for all line items listed on the statement. I actually talked to them about your issue the last time I called in (I believe you mentioned it in my last review?) I will continue to smoke test…. and they said that they support it. Both of the personal finance software have apps for Apple iOS and Google Android. This has been a sticking point with many Mint users — there's no customer service. Maybe when I start investing more I’ll utilize Personal Capital though. I made my decision to give PC a try mostly based on your review Larry. 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). Thus far I like it much better than Mint. Verdict on security – Mint wins by a very narrow margin. I have used Mint for about six years now. Nothing wrong with consumers who want to look after their portfolio and manage a budget. 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). Therefore, you can use Mint.com as your budgeting tool and handle all of your investments through Personal Capital. I’ve had issues with Mint synching my transactions. You can email 24/7 about specific financial institutions or services, upload files, etc. 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. 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. Postmates vs Doordash – Best Side Hustle & Pay for Drivers? 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. Mint.com is free to use, and Personal Capital offers two … Both of these apps have over a decade of growth under their belt, and they have the features to prove it. Investor Junkie strives to keep its information accurate and up to date. Being a user of both Mint and Personal Capital, I'm here to give a complete, detailed comparison review. I’m sure they added it in to compete with Mint, just like Mint added in investment trackers to compete with PC. The battle will consist of several categories that are most important to those who use these services. So far I find you to have been dead on! Do you know if Personal Capital can produce a Spending Report by categories for tax-prep? 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. We were planning on doing an in-depth review on mint.com in the near future. Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers. You can manage your finances, including your investments, without charge.Personal Capital does charge a fee if you want it to manage your investments. Either way…they’re free. Here are the investment fees, which are based on assets under management: 1. There are more categories and you can create custom categories. I hope I can fix it. The free personal finance app side you can use regardless of net worth. I haven’t used the fee analysis or retirement calculators yet, but I definitely think those are valuable features. Verdict on bill management – pretty boring tie. When you first start out in trying to manage your money, I think that thinking too far ahead could overwhelm you. I plan to give this a try (30 day free trial). Don’t forget to link accounts from micro savings or micro investing apps like Stash, Acorns, or Qapital. We know that managing finances is not easy. Maybe you can use your sway to convince them!? Personal Capital is clean and focused on your finances. InvestorJunkie.com© Copyright 2020, All Rights Reserved | Much smoother operation, ease of account linking and relatively successful syncing. Mint vs. I don’t use either. There are around 100 different budgeting subcategories, and you can also create your own. Meaning they know it’s an aggregation service and only allow read-only of the specific data. When I was linking my investment accounts to Mint, I did have a couple of issues: Verdict on linking accounts – Personal Capital wins. Don’t worry, I’m not judging haha! Best Student Loan Success Stories – These People Paid Off $600,000 of Student Loan Debt! You can still track your spending with Personal Capital, but the goal isn’t … By showing where you’re losing money, you can make adjustments to optimize your retirement funds. You can create custom categories but I couldn’t find a way to create sub-categories. Personal Capital, on the other hand, seems to miss many bills. I thought you could have gone into more detail on that, but at least you covered it. I have both but prefer Mint. The checkup can tell you things like: That is really robust investment information for a free money track tool, and legitimately one of my favorite things about using Personal Capital. They do store a hash. For most people, it won’t matter all that much. 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. Personal Capital doesn’t do this either unfortunately. as Other Assets on PC. So between the two, I get my yin and yang for my short term and long term money goals, and I’d recommend both to any of my family and friends! I prefer PC for tracking my investments and net worth. We will focus on the follo… 40 Best 2020 Side Hustle Ideas (Make $1,000+ Per Month), 16 Best Part-Time Jobs – Make $1,000 Extra Per Month, True Confessions – I Was a Side Hustle Skeptic, How to Grow a Side Hustle into a Full-Time Job, 11 Best Side Hustles for Teachers to Make More Money at Home. In truth, Personal Capital and Mint.com are not competing personal finance platforms. I’ve yet to try paying bills through the interface, but do have all my bills linked up to it. The Overall Winner Is… Personal Capital. I checked a little bit later and Mint acknowledged that the transaction had been made, adjusting my balance but not my available balance. If you're not sure which one you'd like, just try them both. I personally prefer to just use a monthly budgeting tool that helps me keep track of how much I am spending and what category my spending falls in. I use both but I tend to use Mint way more. I then delved into the cloud apps out there. I’d still say download both (I use both) and link up your accounts with them. Overtime the Mint functionality has drastically improved (for the better) and I use it every month to monitor and manage my miscellaneous budgets. Definitely not your money. Also, if you do have issues, Personal Capital appears to be more attentive to fix the issue than Mint. Here’s 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. 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. Do you know how long (or how many requests) it takes for them to add a financial institution? Millennial Money Man may have financial relationships with the merchants and companies mentioned or seen on this site. For us who receive a 1st of the month paycheck, which usually posts early when the 1st falls on a weekend or holiday (non-banking day), the inability to change the date completely messes up the ending month and next month budgets. You can see all your money in one place. I noticed however that neither Mint nor PC has the reconciliation feature. But, Personal Capital still offers a much better user experience IMHO. I wouldn't rely on this functionality. Want even more options for budgeting? PC does allow you to track real estate – but it links directly to Zillow to update current value. And when I was writing this overview of Personal Capital vs. Mint, I ran into it again. So for the most part is susceptible to the same types of attacks as Quicken if you perform direct connects. Personal Capital vs Mint: Summary. Can you help me please? The more data, the better! 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 that’s your thing). 1. Personal Capital. Some it will say it added but wont show up under the bills. This fact makes Mint and Personal Capital ideal especially for Millennials who use their mobile phones as their primary — and in some cases only — devices. And I know at least in October of last year, my HSA at Fidelity never appeared in my dashboard, even though other Fidelity accounts did appear. I like to see all my spending transactions as they come in and I make sure everything is categorized properly. Same with any bank “auto-drafts” on the 1st. I received my first phone solicitation from PC today as well. Can You Really Rely On Your Pension In Retirement? One major difference between Personal Capital vs. Mint and YNAB is that it focuses on your cash flow instead of strict budgeting. It’s nice to read the comparison between PC and Mint, and to read all the comments for additional perspective. With budgets, alerts, and other tools, Mint has cornered the budget tracking space like no other. 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. While both are ‘free’ to use they both have to monetize the users somehow. 1. This is meaningless (or misleading at best) for an account where you are making regular contributions. Personal Capital vs. Mint – Which Is Best for You? Personal Capital, of course, makes their money off of their paid advisor service. Plus, the mobile app requires a pin to access … My favorite part of Mint is over time trending data and the ability to compare months or years spending/income. I still cannot link one credit card account that I know is the correct link. Yes, and I trust them with my information. Thank you, in advance, for your answer. I am glad you mentioned this. In my house, we use both Personal Capital and Mint. My issues with PC are that it can’t integrate popular free services such as Robinhood. In addition, the banks know the communication is from Yodlee or Intuit and block other transactions from occurring. Personal Capital does show performance over time, but not clear if it is using IRR. That means even in the free version, you aren’t seeing ads, and I really like this. I currently use Quicken for Mac and am interested to switch platforms. Mint has no way I know of to print out a year-end spending report for tax preparation. Please address the subject of categorizing expenses. The one thing that I can’t believe PC has added is the ability to create custom tags. It’s very important to me that I can see how my year is projecting to end up. And if there is ever any fraudulent activity, your credit score and report can help you rectify that situation. In fact, we've named Personal Capital one of the best investment apps. And scary or not, this tool can help you get on track. I cannot find any personal finance application online which supports accounts and assets in both the UK and the US. I had a problem with a couple of accounts I set up that didn’t link properly. I’ve used Mint since 2012 and have had my share of account integration issues. 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. You do bring a good point and perhaps we add this review criteria in future reviews. After linking one investment account, instead of giving me the option to add another, Mint wanted me to click on “Invest now with fewer fees,” which took me to a page of offers for different brokerages. Save my name, email, and website in this browser for the next time I comment. Sign up here and find out how to qualify for a free portfolio review. tried using mint and some accounts it wont add and I verified the account information. What you don’t mention about Personal Capital but I found out elsewhere is that Personal Capital uses your investment information to personally CALL YOU to sell you their portfolio management services. Your email address will not be published. Mint makes its money off of ads, which are tailored to your financial situation. Mint offers Chat, but it’s more of an email supported help, and I’ve never found it incredibly helpful or fast. 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