In contrast, if you spend more than you make or deploy your assets in unproductive investments, you’ll see the net worth flat line or slope downward to the bottom right of the screen. If you’re saving and investing like you should be, the net worth graph shows a line that rises toward the top right of the screen over time. All of your investment accounts, retirement accounts, savings and checking accounts, real estate and loans are automatically added together. The Net Worth screen shows a graph of net worth for any time period you choose. It’s all automated and doesn’t require any configuration or tweaking. The little orange and red spending circle clues you in to just how awesome (or horrible) your spending has been lately. It’s like the annoying Post-It note you leave on the fridge door reminding you to eat healthy. The bottom line spending figure is right there in front of you every time you log in. Do I have a spending problem? Do I have an income problem? I like this high level summary because it makes it hard to ignore wasteful spending. The Dashboard keys me in to the large scale picture of where I’m at in recent history. Don’t worry, some months those figures are reversed. My income for the last month was around $8,000 and my spending was only $1,054. I can see my net worth is tantalizingly close to $1.5 million and has climbed steadily the last month.
I grabbed a few screenshots from my own Personal Capital account to show exactly what you get. Except this CFO doesn’t expect a seven figure salary with stock options – it’s free! It’s like having a CFO for your personal finances.
Personal capital vs quicken free#
Free Financial Management SoftwareĪs soon as you log into, you get an instant view of your net worth for the last 90 days and your monthly income and expenses on the Dashboard. Financial nerdcraft pays well as long as you have the right tools. That’s how I landed a spot near the top of J Money’s Blogger Net Worth rankings at Rockstar Finance. You see, I have a bizarre obsession with optimizing all of the financial aspects of my life from spending to asset allocation. I stumbled into this amazing tool over a year ago and I find myself using it almost every day. And if there’s one thing the readers of this blog deserve, it is sexy financial management tools. My spreadsheets aren’t particularly attractive, either. They all do exactly what I want, but it takes a lot of time to keep them updated.
I have an expense tracking spreadsheet, a net worth spreadsheet, and a portfolio analyzer spreadsheet. I run big chunks of my life using spreadsheets. Please welcome today, Justin from ! He’s been using Personal Capital for over a year and a half, and has agreed to share real-life numbers & screenshots from his own account with us. And considering he recently retired early at the ripe age of 33, he’s obviously doing something right ) [ Hey guys! So I’ve been trying to get y’all a personal review of Personal Capital for ages ‘cuz they’re bad ass, but after finding out one of my friends lives and breathes by them almost daily, I thought you’d get a much better picture of how awesome they are from him so I asked him to write this Personal Capital review.