Mint vs Personal Capital vs YNAB
- About each brand
- Key features
- Summary of Mint, Personal Capital, and YNAB
- Costs and fees
- Pros and cons
- The bottom line
About each brand
- Mint dashboard. The Mint dashboard gives users the power to manage everything from one convenient dashboard, including their current cash flow, credit cards, investments, loans, and more. Members can also view their home and land value via Mint’s dashboard. This information is provided by Zillow, a partner of Mint.
- Automatic syncing. Mint allows users to add multiple financial accounts to their dashboard via a secured and encrypted sign-in service. Once added, Mint provides users with a quick overview of their account balances, transactions, and due dates.
- Free credit score. To help members get a better understanding of where their credit stands, Mint displays a free credit score (powered by Equifax) at login. Unlike typical credit reports, Mint provides each user’s info, including the user’s age of credit, number of inquiries, and total accounts, in an easy-to-read format.
Personal Capital’s features
- 401(k) analyzer. Personal Capital’s 401(k) Analyzer is designed to unearth hidden fees. To make things simple, the analyzer displays exactly what each user’s fund is costing them. It also suggests alternative allocations into lower-cost funds so members can save even more.
- Net worth calculator. Net worth isn’t exclusively for celebrities. Personal Capital’s Net Worth Calculator provides its users with their net worth based on their assets and liabilities, or what they have minus what they owe.
- Budgeting tools. Personal Capital’s free financial dashboard also offers users a way to track spending, analyze their spending categories and individual transactions, and monitor their current cash flow.
- Goal tracking. YNAB is all about helping users reach their savings goals (whether they’re weekly, monthly, or by date). With YNAB’s goal tracking tools, members can set and achieve their goals.
- Joint budgeting. YNAB makes it easy to budget with a partner via its sharing settings. YNAB also gives users 24/7 access to real-time information, making it easier to figure out how financial planning works when there’s a joint account involved.
- Support. If there’s one thing that’s evident from YNAB’s website it’s that they’re there to help. With more than 100 free, live, web-based financial advice workshops, users can rest assured knowing that their money is in good hands.
Summary of Mint, Personal Capital, and YNAB
|Money Management Service||Best For||Monthly Fee||Budgeting|
|Mint||Tracking income and expenses||$0/month||Yes|
|Personal Capital||Big-picture savings and investment insights||$0/month*||Yes|
|YNAB||Hands-on budgeters||$11.99/month or $84/year||Yes|
Costs and fees
- Targeted advertising. Mint may be free to use, but its site and parts of its app include targeted advertisements. This means that users may find that the ads are relevant to their interests and search history. Through advertising, Mint is able to generate revenue.
- Credit report monitoring. While Mint does give users the option to monitor their credit for free, the company also offers members the chance to upgrade to Mint Credit Monitor. The Mint Credit Monitor is a monthly subscription that sends users multiple credit reports from all three credit reporting agencies and identity theft monitoring for $16.99 per month.
- Referrals. Whenever a Mint member decides to take advantage of a Mint recommendation (i.e. a credit card recommendation), Mint receives revenue. So, in other words: when users sign up for a referral product, the company gets a percentage of the revenue.
- 0.79% on the first $3 million
- 0.69% on the next $2 million
- 0.59% on the next $5 million
- 0.49% over $10 million
Pros and cons
Mint pros and cons
- Mint provides members with weekly summaries via email.
- Users can opt-in to receive alerts via email or text message whenever they have an upcoming or pending bill.
- Mint auto-syncs your financial data into one, easy-to-read dashboard.
- Mint also allows users to view and monitor their credit scores for free.
- Mint has limited investing features.
- Some users may experience issues when trying to sync their bank account. It seems the syncing option breaks often.
- Mint does not allow users to import data from Quicken.
- There’s no longer a Bill Pay feature.
Personal Capital pros and cons
- Personal Capital provides users with free, comprehensive investment management and financial planning tools.
- Personal Capital also offers auto-syncing so that users can easily see all of their financial accounts in one place.
- The mobile app and Personal Capital website are user-friendly.
- The paid version of Personal Capital includes a personal (human) advisor.
- The paid version requires a $100,000 minimum deposit.
- Personal Capital’s annual fees are higher than most of its competitors.
YNAB pros and cons
- YNAB is free for 34 days.
- For those who decide that they don’t like the service, YNAB will send a full refund.
- YNAB is available on multiple devices, including smartphones and tablets.
- YNAB syncs with more than 12,000 banks.
- Once the trial period has ended, users are required to pay $11.99 per month or $84 per year.
- YNAB does not offer bill tracking or bill pay features.
- There’s no investment tracking feature, either.
Is Mint.com safe to use?
How much does Mint cost monthly?
Can I pay bills with Mint?
Is Personal Capital really free?
Does Personal Capital sell your data?
Who owns Personal Capital?
Is there a free version of YNAB?
What does ‘Age of Money’ mean in YNAB?
Is YNAB worth paying for?
The bottom line
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