Mint vs Personal Capital (best financial apps / software)
|Ease of Use|
|Value for Money|
|Updates and Upgrades|
|FREE / PAID|
Freemium model with optional ads removal subscription for $9.99 per month.
Free financial tools. Wealth management services ranging from 0.49% to 0.89% of managed assets per year.
✅ Mint: All-rounded financial manager with budget tracking and bill reminders 🏦 Free to use with ads 🧩 Integrates well with most financial institutions. ⭐4.2 rating in store.
💼 Personal Capital: Robust wealth management tool with a focus on investments 📈 Free tools 👛 Fee-based wealth management services. ⭐4.7 rating in store.
Mint Pros & Cons
👍 Comprehensive financial overview
✅ Excellent user interface
🎯 Free credit score tracking
📊 Customizable categorization
🔒 High security measures
Personal Capital Pros & Cons
💪 Powerful investing tools
📈 Detailed cash flow & income reports
💎 High-quality analytics
👩💼 Personal advisor (for paid users)
🔗 Solid account integration
🛡️ Strong security protocols
❌ Ads can be intrusive
👎 Limited investment features
📉 Sometimes categorizes transactions incorrectly
😐 Customer service can be unresponsive
🔄 Auto-sync sometimes experiences delays
🔒 Requires a lot of personal information
💰 Wealth management services are expensive
💼 More geared towards investors
👎 Less focus on budget creation
💡 Free users have limited support options
📊 Not ideal for simple budget tracking
Other best financial apps
👑 Quicken: Comprehensive financial tool with extensive features 💸 Ranging from $34.99 to $99.99 per year. ⭐3.9 rating in store.
🎯 YNAB: Interactive budgeting app with unique ‘give every dollar a job’ approach 🎁 $11.99 per month or $84 per year.⭐4.1 rating in store.
Mint is primarily used to consolidate financial information into one place. Its key features include tracking all your bills in one place, budgeting, keeping an eye on your net worth, and tracking your investments. It is also able to provide free credit scores and advice on how to improve it.
No, using the Mint application is free of charge. Its wealth of features can be accessed at no cost to the user, although there may be fees associated with some premium features.
Mint integrates bank-level security and encryption to make sure your financial information is safe. It uses a four-digit code for mobile app access and notifies the user with every major account activity.
Personal Capital serves as a personal wealth management tool. It provides users with an overall view of their financial status including their net worth, cash flow, portfolio balances and portfolio performance. It also provides an effective retirement planner and a fee analyzer to help reduce investment costs.
While both applications are useful for budgeting and tracking spending, Personal Capital has the upper hand when it comes to investment tracking. It provides in-depth investment advice and wealth management tools. Mint, on the other hand, is a more comprehensive tool for budgeting and bill tracking.
The core features of Personal Capital are free. These include the budgeting tool, retirement planner, and the investment checkup feature. However, there are additional services like wealth management and financial advisory services which carry some fees.
Yes, Mint has the ability to link to virtually any financial account. This includes checking and savings accounts, credit cards, investments, loans, and more. This ensures that you can view all your financial information in one place.
While Mint does have some basic investment tracking options, it is not as comprehensive and detailed as some other specialized investment applications. It allows you to see the overall worth of your investment accounts, but may lack specifics about individual stocks or funds.
Yes, both Mint and Personal Capital have tools that aid in retirement planning. Personal Capital excels particularly in this feature, with a comprehensive retirement planner that takes into account your saving habits and expense projections to provide a forecast.
Mint and Personal Capital aid in creating and managing a budget. They collect data from connected accounts, categorize transactions automatically, and generate detailed reports which allow you to keep track of your spending habits.
Yes, Mint allows users to set reminders for upcoming bills. It also sends notifications for unusual charges, helping users to avoid late fees and to track their spending habits more effectively.
Yes, in addition to its core features, Personal Capital provides professional wealth management services. However, this service requires a minimum investment and carries management fees.
Both apps have their strengths. Mint is praised for its simplicity and extensive budgeting tools, making it highly user-friendly for those tracking daily expenses. Personal Capital, on the other hand, while still user-friendly, offers a suite of advanced features making it suitable for more complex financial management and investment tracking.
Mint and Personal Capital help users track their expenses against their budget. By providing detailed insight on where your money is going, they can help identify unnecessary expenses, helping you save money over time.
Yes, Mint offers free credit score tracking. In addition, it provides personalized tips on how to improve your credit score.
Yes, Personal Capital has a built-in fee analyzer that helps you see where you’re being charged in your investment accounts and provides advice on how to reduce those costs.
Yes, within Mint, you can track loans and debts alongside your regular accounts to help manage and keep track of your overall financial health. It can help plan payments and provide advice to minimize debts.
Personal Capital’s financial advisors can also assist with estate planning as a part of their wealth management services. This however is an additional service and comes with a fee.
The primary function of the Mint financial app is to help users manage their personal finances by effectively tracking expenses, budgets, bills, and investments in one easy-access platform. It provides a comprehensive overview of an individual’s financial status and provides helpful tips on how to save money and cut down on unnecessary costs.
Yes, Mint offers excellent features for tracking bills. It can track when bills are due, their amount, and alert users to avoid late payments, and potential interest fees. Users can track both one-time and recurring bills.
Indeed, Mint assists users in setting budget goals. It allows setting desired budget limits for specific categories. If users exceed these budget limits, Mint sends alerts to keep spending under control.
Personal Capital stands out for its wealth management and retirement planning tools. It provides a comprehensive analysis of investments and an in-depth retirement planner. It even offers advisory services for investment, making it suitable for users looking to actively grow their wealth.
Yes, Personal Capital excels at investment tracking. Its investment checkup tool evaluates the health of your portfolio and offers recommendations to achieve investment goals. It can analyze asset allocation and project portfolio value to aid users in making informed investment decisions.
Yes, Personal Capital has a robust retirement planner that can consider various scenarios to aid with planning. Users can manipulate variables such as retirement age, social security, and income to forecast the potential outcomes.
Both Mint and Personal Capital are free to download and use. However, Personal Capital does offer a paid advisory service. The essential budgeting and tracking tools on both apps are available at no cost.
Yes, users can securely link their bank accounts to Mint. It gathers your financial data from linked accounts providing a complete overview of your financial landscape. The data helps track spending, income, and savings accurately.
Indeed, Personal Capital has a tool called the Fee Analyzer. It scans your investment accounts and identifies mutual funds with high fees that can eat into your returns, providing you with possible low-fee alternatives.
Mint uses advanced security measures to ensure the safety of user information. It uses multi-factor authentication and encryption to protect users’ personal information. The app is also monitored regularly for any unusual activity, ensuring security at all times.
Yes, Mint can track investments. Users can link their brokerage accounts, and the app will display the performance of their investments, helping users to monitor their investment growth.
Yes, Personal Capital provides an excellent cash flow analyzer. It breaks down income and spending into detailed categories providing a clear picture of where money is going. This feature is beneficial for budgeting and planning.
Yes, Personal Capital can assist with tax optimization. Its wealth management services include tax loss harvesting strategies that help minimize tax liabilities and enhance after-tax returns.
Personal Capital boasts an intuitive and user-friendly interface. Its dashboard provides a comprehensive view of all financial accounts and presents complex financial data in a clear, easy-to-understand format.
Yes, Mint offers free credit score monitoring. It gives users access to their credit score, explains factors influencing the score, and provides tips on how to improve it. Access to your credit score does not affect your score.
No, setting up an account with Mint is fairly straightforward. Users just need to download the app and register using basic details. They can then link their financial accounts to get started.
Yes, Personal Capital offers assistance with estate planning as part of its wealth management services. It helps set up revocable living trusts and wills, ensuring your assets are smoothly transferred to your desired beneficiaries.
In Mint, transactions are categorized automatically, and it learns from users’ edits. If users want to customize their categories, Mint provides the flexibility to do so. These categories assist in effective budgeting and tracking of spending habits.
Yes, Personal Capital provides a comprehensive overview of your net worth. By linking all your financial accounts, Personal Capital consolidates this information and displays your total net worth, helping you understand your overall financial status.