In short, Personal Capital’s customer service is far and away better than Mint’s. If you specifically need help with budgeting, Mint is best. Both Personal Capital and Mint have areas in which they excel. We love questions, comments, and suggestions! Notify me of followup comments via e-mail. Mint, on the other hand, offers a strong budgeting feature and automatically categorizes transactions in each budget category. Personal Capital is the only one of these apps that hasn’t lost connection to all of my accounts over time. Mint also lets you set specific spending limits for each category. However, Personal Capital offers more features for seasoned investors, including 24/7 call access, even on weekends. We want to make sure we’re comparing apples to apples here. Personal Capital vs Betterment; Which Is The Best Investment Management Service? In short, both are great for making managing finances simpler. The truth is, both of them offer great services and powerful features. 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. When we compare like Personal Capital vs. Mint, they both help you invest and manage your wealth. Personal Capital offers free advanced financial tools … That $30 in a random savings account or $20 on a rarely used credit card won’t go unnoticed any longer. Other. Since Mint is, first and foremost, a tool for budgeting, it should come as no surprise that they beat out Personal Capital when it comes to helping you build and manage a budget. Our goal is to help you make wiser financial decisions by providing you with personal stories, objective research & data, financial calculators, and interactive comparison tools. Personal Capital charges annual fees for its premium service. Personal Capital and Betterment are each a major force in the digital investing industry. 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. He has spent much of his life working to increase financial literacy in his surrounding communities through independent financial research and curricula design, and he is currently studying economics with a secondary in music. Ultimately, the ads are pretty easy to ignore and don’t put a major damper on the end-user experience. Mint’s budget tool shows you exactly where you’re spending your money. Here at TFT, we think it’s vital for you to understand how companies, especially those that claim to offer free services, earn their money. We will focus on the follo… Let’s break down the features that both apps share, and compare each of them with each other. Both offer a free option to track your account balances, transactions, investments, and more with convenient dashboards offering you a quick summary of your finances at a glance. Indeed, this robo-advisor hybrid is … Betterment vs Personal Capital. Check it out! Betterment is an online financial advisor that makes investing easy by creating a portfolio just for you, based on your preferences and financial goals. Personal Capital. Unless you have at least $100,000 to invest through Personal Capital, you will have to find a different robo-advisor, such as Betterment. Where Personal Capital falls short in its budgeting tools, it makes up for in its investment tools and analysis. Personal Capital vs Mint: What can Mint do for you that Personal Capital can’t? How does it compare to Personal Capital? Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. How Much Should I Have Saved For Retirement At My Age? Both Personal Capital and Mint have areas in which they excel. Let’s explore where each fits into your financial life. In the decade I’ve been using Mint, I have had countless errors and problems. Mint does a similarly great job at protecting your banking information. While they share a few similarities, their specialties are different. Mint’s layout is a little more intuitive, but the app is constantly riddled with connection errors, bugs, duplicate accounts, and other issues. Cost: Winner –> Personal Capital. About the Companies. It lets you link all of your bank accounts into one place and keep an eye on your budget, bills, investments, etc. Although a pen and paper budget will do just fine in a pinch, there are now many electronic financial management options available with advanced features, investment options, and more. Betterment and Personal Capital are both digital investment platforms, but they aim to serve different types of clients.. Mint offers a basic investment tracking page, but I have found errors in the past, for example when I stock I owned split and the cost basis was shown completely inaccurately. Mint and Personal Capital help you make sure you’re meeting your goals and not losing money to forgotten accounts. Using a few details like your current age, yearly savings, and expected retirement spending, Personal Capital’s retirement planner simulates thousands of scenarios and gives you a breakdown of how much you’ll have by the time you retire and how long it will last. Betterment is similar to an investment company, while Personal Capital provides an overview of a user’s complete financial picture. They group your monthly expenses by category, including ones like “Restaurants,” “Credit Card Payment,” and “Shopping.”. Primarily by recommending ways to save on loans, investments, insurance, and credit cards. Our articles, tools, and analysis contain information and data to help you conduct research but are not intended to serve as investment advice. Note that we do not include the entire universe of financial products or companies that may be available. Seeing as Personal Capital is originally designed to be a wealth management service, it makes sense that they have incredible customer service. Personal Capital service offerings make it a practical choice for hands-off investors, budget-conscious investors and savers. If you’re looking for simple but effective budgeting software or you’re learning to pay more attention to your financial habits, Mint may be your best bet. After using Mint for the last two years, I’ve found they do a pretty good job correctly identifying the expense category. If you do discover Mint’s algorithm has misplaced a cost, you can simply correct it manually. Sometimes, their tracking no longer works, and the app is unable to update to a new month. I’ve also done a more detailed review of Personal Capital, if you’d rather read that.Personal Capital is a financial aggregator, which is to say that you can have all of your financial accounts on one platform. 33. Quicken also helps minimi… Read our Advertising Disclosure. This makes Personal Capital more difficult to effectively use to fix your habits since you can’t tell it how you want to spend your money. If you are looking to simplify your finances and see everything from all of your accounts with one login, Mint and Personal Capital can both handle it. About Personal Capital and Betterment About Personal Capital. Personal Capital — Fees and Minimums. Personal Capital makes it really easy to find a person to help, unlike Mint, but sometimes the assistants can get a little too pushy trying to schedule a call with an investment advisor if you have more than $100,000 in investable assets in your account. When Mint was a brand new startup, I knew I could email Stephen or one of the other customer service representatives to get my issue resolved, if not turned into a suggestion that was sent on to engineering. Since they’re regularly managing high net worth clients and those clients’ money, they have a ton of great infrastructure already in place to help you through any issues. This article will help you compare three of the top financial management tools—Personal Capital, Mint, and Quicken—to see which financial tra… You can see all your money in one place. 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. In fact, you can upgrade to a paid account (Mint only offers free accounts) to have direct access to a financial advisor to help you manage your investments through a hybrid robo-advisor platform. Through the years, I’ve had to re-link my bank accounts a few times with Mint. Both attempt to categorize those transactions to help you better manage your money, but Mint does a much better job with its budgeting feature. We cannot guarantee that this information is applicable or accurate to your personal circumstances. Close. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the site. With both Personal Capital and Betterment, you can connect outside accounts to get a more complete picture of your finances and better plan for your financial goals accordingly. But which one should you use? https://dyernews.com/mint-vs-personal-capital/ Are you looking for the right personal finance app and debating between Mint and Personal Capital? This is due to how these platforms consolidate various investment and financial services in a single website or mobile application, making it … Betterment and Personal Capital are pioneers since the early days of the robo-advisor industry but the similarities end quickly because they contrast starkly across key factors, like fees, tools, and human advice.. Betterment began life as a pure robo-advisor. Though Mint has a chat feature, it’s often very slow, goes through answers that resemble pre-written FAQs, or is simply unavailable. Are You Missing Opportunities To Save Thousands In Order To Save Pennies? However, Personal Capital lists a number to call while Mint either doesn’t or makes it so hard to find I never noticed it. Personal Capital’s focus leans more heavily toward investing. 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. Honestly, both apps offer something to be desired here. Read on to learn which may be better for your needs in the Mint vs Personal Capital competition. Even if someone gains access to your account, Mint won’t let them transfer money out of your account from within. Mint’s system will then update and remember to categorize the expense accordingly going forward. You also get free access information to help educate yourself on different financial topics. Mint earns its revenue mostly by partnering with third-party financial services. In Summary: Personal Capital vs Betterment. For example, only Mint has a credit score monitor, while only Personal Capital has thorough investment planning. However, its staff has reached out to me proactively to discuss my needs for its investment service. Personal Capital vs. Mint - I created accounts with both money apps to help you decide whether Personal Capital or Mint is right for you. Both Mint and Personal Capital are right more than they’re wrong, but each month without fail both have uncategorized and miscategorized transactions. Luckily, they operate around the clock, and I’ve not yet had a question that wasn’t answered in up to 12 hours. Mint can help you save money. One of the core benefits of using a program like Mint or Personal Capital is the ability to view all of your account balances in one place with one login. Currently, Personal Capital lacks such a feature, making Mint a pretty clear winner when it comes to helping you avoid missed payments and late fees. Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. When it comes to managing your investments, Personal Capital almost wins by default. But, when push comes to shove, Mint offers a better interface for transactions and much better tools to review them and that gives it a little edge up. If you are simply looking for an easy way to track your net worth and track your progress toward financial goals, then a free Personal Capital account is the perfect tool. My results since Intuit purchased the company in 2009 have been worse and worse. That edition provides features like their Portfolio X-Ray, showing performance vs. the market of your investments, and help with buy/sell decisions. You could and absolutely should take advantage to get the best of both worlds. They are an entirely free service that offers tools for budgeting, as well as reminders for upcoming bills and a credit score tracker. That includes investments, savings, checking, credit cards and other loan accounts. Betterment vs Wealthfront vs Personal Capital All three roboadvisors discussed above offer similar services – steady returns on capital investment with minimal input required from the user. What It Was Like To Be Poor In The Ivy League, Money Market vs. Even though Personal Capital also has an alerts system for upcoming bills, Mint does a better job of reminding you when each one is due. Mint is more focused on credit and bank accounts and tracking spending, while I think personal capital … Taking into account other sources of income like Social Security, Personal Capital’s tool does a wonderful job explaining how and where your money will go in retirement. Betterment is an investment outfit, unlike mint and personal capital. I have yet to have any issues linking my accounts while using Personal Capital, making them a better choice in my eyes. 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