ComparisonsPersonal Capital

Personal Capital Vs. Quicken Review: Deep Dive Into Top Money Management Software

Personal Capital vs. Quicken: Which One Will Handle Your Money Better?

You need to manage your money well to maximize your personal wealth.

To be successful, you must track your finances. Two of my favorite financial management software programs are Personal Capital and Quicken. Although Personal Capital is an automated investment advisor that manages your investments for a lower fee than typical financial advisors, it also offers an amazing free investment management dashboard.

To help you make the best financial management software choice, read this Quicken vs. Personal Capital review. You’ll get an in depth look at the features of the free Personal Capital Dashboard and the paid Quicken program, along with pros and cons of both.

I’ve used Quicken for decades and Personal Capital for less than three. Yet, when I was introduced to Personal Capital, I linked up my accounts (very quickly) and was blown away with the free features.

I continue to use both Quicken and Personal Capital.

It’s important that the financial management software program you choose can accommodate your accounting needs and expectations so read this Quicken v.s. Personal Capital comparison to decide which one (or both) is for you.

Personal Capital vs. Quicken – Uploading Data

Personal Capital wins hands down. Linking and syncing accounts was fast and accurate with Personal Capital. The platform updates automatically and lightning fast.

Quicken is poor at syncing accounts. Users must initiate updates. I frequently call financial institutions’ customer service to re-link accounts to Quicken.

Personal Capital dashboard - free financial management software

Quicken vs. Personal Capital – Dashboard Home Screen

Personal Capital is stronger on the investment related information and Quicken is more focused on budgeting data.

Both the Quicken and Personal Capital dashboard’s show all account listings on the dashboard. That includes bank, investment, credit card, debt and asset (like your home) values.

As previously mentioned, Personal Capital’s account values are automatically updated. Quicken’s aren’t. Both platforms show your net worth figure, although Personal Capital also shows a 90-day net worth graph.

Both platforms show cash flow information – monthly income vs. expenses.

Both platforms show 30-day spending by account.

Next, here’s where the dash boards vary.

Personal Capital Dashboard Information:

  • Graphs cash balances
  • Graphs 90-day investment portfolio growth
  • Graphs retirement savings
  • Compares your investment returns with those of major market indexes in market movers section.

Click here for Free Personal Capital Dashboard Signup.

Quicken Dashboard Information:

  • Bills and income reminders
  • Budgeting data is accessed from the budget that you input. You can customize to show budget categories vs. actual spending.
  • Calendar view of income and expenses.

Personal Capital vs. Quicken - Quicken options

Personal Capital vs. Quicken – Apps Flexibility / User-Friendliness

Both programs have their mobile application counterparts that will let you access your financial information on the go. While Quicken sends user control alerts, Personal Capital gives real time financial updates.

Personal Capital vs. Quicken – Investment Tracking

When it comes to investments, Personal Capital beats Quicken due to it’s automatic updating. Although Quicken comes close with additional reports.

Personal Capital is distinct from Quicken in that it is both a paid investment manager and a free financial dashboard. Whereas, Quicken is a paid money management software program.

Click here to read the rest of this review. You’ll get a complete comparison of both platforms and Quicken pricing. 

*Disclosure: Please note that this article contains affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable.

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Barbara A. Friedberg, MBA, MS

Barbara A. Friedberg, MBA, MS

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