5 Reasons Why Personal Capital is a Must-Have Financial App
Are you someone who finds it challenging to manage your finances and keep track of your investments? With so many apps out there, it can be tough to decide which one to use. However, one app that stands out among the rest is Personal Capital. In this article, we will discuss the top 5 reasons why Personal Capital is a must-have financial app.
Reason 1: Comprehensive Financial Dashboard
One of the most significant advantages of using Personal Capital is its comprehensive financial dashboard. It provides a detailed overview of all your financial accounts, including investment accounts, bank accounts, credit cards, and loans. The dashboard feature also provides a graphical representation of your net worth, cash flow, and portfolio performance. This feature enables you to get a comprehensive view of your entire financial life in one place.
Reason 2: Investment Tracking and Analysis
Personal Capital’s investment tracking and analysis help you to analyze your investment portfolio with ease. You can track your performance, asset allocation, and even compare your investment returns to market benchmarks. The app also provides personalized recommendations to help you diversify and optimize your investments.
Reason 3: Retirement Planning Tools
Retirement planning can be a daunting task, but Personal Capital’s retirement planning tools make it easy. The app calculates your retirement savings rate, projected retirement income, and the annual retirement spending required to maintain your desired lifestyle. You can also adjust the various inputs to optimize your retirement plan and achieve your retirement goals.
Reason 4: Budgeting and Expense Tracking
Personal Capital’s budgeting and expense tracking feature lets you monitor your spending and helps you stay on top of your budget. You can set monthly budgets for different categories and track expenses in real-time. The app also categorizes your transactions automatically, providing you with insights into your spending habits.
Reason 5: Credible and Secure Financial Advising
Personal Capital offers fee-only financial advisors to its users as a premium service. These advisors are Certified Financial Planners (CFPs) and are well-equipped to provide you with personalized financial planning. Additionally, the app uses bank-level encryption to secure your data and keep it out of the hands of hackers.
Conclusion
In conclusion, Personal Capital is a must-have financial app due to its comprehensive financial dashboard, investment tracking and analysis, retirement planning tools, budgeting, and expense tracking, as well as its credible and secure financial advising service. With Personal Capital, you can gain a complete picture of your financial life and take proactive steps towards achieving your financial goals.
