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Budgeting Software Personal Capital

Personal Capital is an online budgeting tool that helps you track your spending, plan your financial future and reach your goals. It’s simple to use, and has powerful features like automated tracking of investment accounts, a retirement planning calculator & tools to help you get out of debt today.

Personal Capital helps you make the most of your money by tracking the accounts, investments and spending on your personal statement. Personal capital is budgeting software that helps you track income and expenses, easily saving you money. Tracking spending with personal capital will help you better understand where you’re spending your money and how to better manage it as a result – saving more overall!

Do you spend more than you make? Are you tired of living paycheck to paycheck, never knowing where your money is going? With websites like Mint and Learn What You’re Worth already online, Personal Capital has jumped in on the personal finance bandwagon with their free software. After taking a closer look at Personal Capital vs. other personal finance websites, I have some mixed feelings about installing this budgeting software on my computer. Here are some pros and cons to consider before downloading the software that will change your financial future.

One of the most important things you can do for your finances is to create a budget that helps you save and invest wisely. Personal Capital has been helping individuals, families and small business owners for more than 10 years. They simplify personal finance with a comprehensive software program, along with FREE asset management, investment guidance, retirement planning, and insights into banking and credit cards.

Personal Capital budgeting app review

How they describe themselves: Personal Capital is a digital wealth management company. It offers both human advisors and Robo-advisor, along with a free online financial dashboard and tools.

Personal Capital is a digital wealth management company. It offers both human advisors and Robo-advisor, along with a free online financial dashboard and tools.

Why should you use Personal Capital?

  • They have built a strong brand. Their name is well known, their apps are easy to navigate, and they integrate with many other platforms (like Mint).
  • They offer some of the best tools out there for budgeting, tracking your spending patterns over time, etc., which makes it easy for people to know what’s going on financially in their lives without too much effort from them – this can help reduce stress by making sure they’re on track towards achieving their goals faster than before!
  • The fact that they offer both human advisors, as well as Robo-advisors, means that everyone can pick whichever option works best for them; this also gives users flexibility if one method isn’t working out right now but might later down the line when circumstances change around us enough times again!

What they do:

Personal Capital is a digital wealth management company that offers both human advisors and Robo-advisor. The company provides its users with an online financial dashboard, tools for budgeting, investing and planning, as well as access to free retirement calculators.

The Personal Capital dashboard or app allows users to track their spending habits and net worth over time across all of their accounts—bank accounts; loans; credit cards; 401(k)s; IRAs (Individual Retirement Accounts); 529 savings plans for college tuition; Simple IRA workplace retirement plan—and receive alerts if something looks out of place.

personal capital budgeting app

The Personal Capital budgeting app is free and you can use it on your desktop or mobile device. It will help you get a complete picture of your finances in one place, so you know exactly where your money is going and how much more you need to save for retirement.

For example, the app will show a complete picture of all accounts in one place (including savings accounts, 401(k)s, credit cards and mortgages). You can also track cash flow and spending right down to the expense level—and even set alerts for when you go over budget!

The app lets users see all their investments at once so they can make better decisions about where to put their money. The app tracks everything from mutual funds to individual stocks (even cryptocurrency). Plus it provides users with unlimited access to professional advice from CFPs—so there are no hidden fees or commissions when investing through Personal Capital

personal capital expense categories

To get started, you’ll need to create a personal capital expense category. An expense category is just a label for a group of related expenses. It’s helpful to think of them as buckets where you can place your money. For example, if you get paid every two weeks and have bills due every month, then it makes sense to break down those expenses into two categories: income and expenses (or “buckets”).

Here are some examples of different types of personal capital expense categories:

  • Income – used for money coming in
  • Expenses – used for money going out

personal capital budgeting review

Personal Capital is a great tool for investors who are high net worth and have accounts in excess of $100,000. It’s also free for accounts under that amount, so if you’re just starting out, it can be helpful to see how much money you’ll need to reach the next level.

The Personal Capital app has some fantastic features including:

  • Free tools for all users – even if they don’t invest with Personal Capital, they will still be able to use all of their tools including investment research and portfolio analysis.
  • Expense ratios – This allows investors to easily see how much they’re paying in fees on their mutual funds or ETFs (Exchange Traded Funds). It also includes other expense ratios such as fund manager fees and any rebalancing costs incurred by the fund managers at each firm. These cost breakdowns help investors make better decisions regarding which funds should be part of their portfolios based on true costs versus other factors like performance history or reputation alone.
  • Social responsible investing – this feature allows users who are interested in environmentally friendly or socially responsible investing opportunities available through mutual funds/ETFs as well as individual stocks within their portfolios without having any impact on performance since investments are made outside these sectors anyway!

personal capital account number

To add an account to your Personal Capital dashboard, you’ll need to know three things: the account number, routing number, and username. An account number is an 8-digit number that you can find on the bottom left-hand side of all your checks. This is the only piece of information needed to add an account in Personal Capital; the username or routing numbers are not necessary.

Personal Capital offers both a free personal financial dashboard and paid wealth management services for investors. While the paid services are only available to clients with over $100,000 in investable assets, the free platform offers a variety of tools that have value for any investor, including retirement planners, 401(k) fees analyzer and investment checkups. The platform combines everything you need for your financial life into one place. You can track all your accounts in one place (including non-Investment accounts), get a complete picture of your net worth, track your cash flow and spending, get alerts when you go over budget, plus access unlimited professional advice from CFPs. Personal Capital is a registered investment advisor with SEC (Securities Exchange Commission). Therefore, they are legally required to act in the best interest of their clients at all times. They are compensated based on the percentage of your assets managed by them. Their fee structure starts at 0.49% per year but goes lower as your account balance increases.


For those who invest, Personal Capital has a bunch of perks for you.

Users can count on having access to free investing tools, such as a retirement planner, education planner and a fee analyzer to check their portfolio fees. There is also an investment checkup available where you can see how well your investments are performing and how they could improve, plus a savings planner tool to help you save for retirement, an emergency fund or debt payoff.

Investing newbies can learn financial planning tips and more through Personal Capital’s Daily Capital blog.

And, for a fee (see below), you can even access personalized investment services and wealth management advice from licensed fiduciary advisors. They will offer insights on your cash flow, spending and budgeting, as well as advice on things like your 401(k) and how to build a more tax-efficient portfolio.


Personal Capital’s security features include data encryption that sends you codes to access your information, fraud protection that keeps you up-to-date on your transactions and strong user authentication to confirm your identity.


The Personal Capital budgeting app is free to use.

You have the option to add personalized investment services and wealth management advice from licensed fiduciary advisors for an annual management fee of 0.89% of your investment assets under $1 million. An in-depth breakdown of these tiered plans can be found here.

Availability and ratings

The Personal Capital budgeting app is available in the App Store (for iOS) and is compatible with the iPhone, iPad, iPod touch and Apple Watch. It is also available on Google Play (for Android).

Rating in App Store at time of writing: 4.7 out of 5 (over 29,000 ratings)

Rating on Google Play at time of writing: 4.5 out of 5 (over 14,000 ratings)

How Personal Capital Works

Think of Personal Capital as a synthesis between a high-end Robo-advisor and a budgeting app, which means you can let the Redwood Shores, Calif.-based company manage your entire financial life, if you’re so inclined.

Personal Capital’s Free Budgeting Platform

Link your financial accounts to Personal Capital’s platform, and you gain access to a dashboard that looks a lot like Mint or other rival budgeting apps. You can see your net worth, monthly cash flow and how your budget has changed over the past several months.

This useful tool helps you get a handle on how much money you have coming in and going out each month. By linking to your mortgage, car loan and any other loan accounts, Personal Capital will give you a heads up when bills are due. As a bonus, the app itself is easy to use and available on Android and iOS.


You can use some of these tools to create your own personal capital budgeting. You can feel good about the choices you make with each purchase and feel secure in knowing that you are making responsible financial decisions. Personal Capital is the best personal budget software when you want to get your finances in order, and it’s completely free. If you’ve had a hard time sticking with budgets in the past, Personal Capital is definitely worth a shot. There’s no reason not to at least test out the service and see how they can help you manage your money better.

Overall, Personal Capital is a user-friendly budgeting software that caters to almost everyone, from the very detail-oriented to those that are completely new at managing their own finances. For them, they have a spectrum of services that changes as you add more accounts to your portfolio. This makes it a great investment for your money because you don’t need to sink in any funds outside of getting up and going. If you are looking for personal budgeting so for an affordable price and want one that offers frequent updates, the ability to sync with other accounts, best of class reporting and integrates with most devices then Personal Capital is a smart choice for your money. Personal Capital is an excellent budgeting software to help you stay on top of your cash flow and meet your financial goals. It’s also free, so you won’t have to worry about spending any money if you don’t want to! I would recommend this software for anyone who needs to keep track of their income, expenses and investments. Though Personal Capital does not offer credit services, it can be a great partner for someone who has outstanding debts and is trying to become debt-free.

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