Personal Capital is a powerful tool for everyday use, but it can be so much more to someone who is on the path to Financial Indepedence. With this tool you’ll be able to see if you’re on track for your retirement goals (and yes, you can change the retirement age from the default!). As we mentioned, you can plan different scenarios and see how they affect your ability to retire. The retirement planning tool is probably the most popular feature. Personal Capital lets you zoom in to look at your investments in as much detail as you need. Track your investment balance over time or dive into your allocations. Under the investments tab you can check out all of your holdings. Now that budgeting is done with, we can get into the fun and powerful features of Personal Capital. You can click on your spending amounts and set a spending goal and Personal Capital will start tracking your monthly budget against your goals. This snapshot will show you how much you’ve spent and how that compares to the same time last month.Ĭlick on the budgeting widget to get an even deeper look into your spending. Just under the net worth tracker you’ll find your budgeting widget. This makes it super easy to track your progress (and stay motivated). This is the net worth tracker, which will show how your net worth is trending over a period of time. Once you’ve connected your accounts, you’ll be greeted with your net worth front and center on the dashboard. If you skip this, it’s easy to connect them once you’re logged into your account. Head to Personal Capital and click “getting started.” From there you’ll be prompted to create an account and connect your bank accounts. Step 1: Sign up and connect your accounts Personal Capital is truly easy to use, but here are a few steps you can use to get started. Personal Capital shows you those fees and exactly how much your retirement account is suffering as a result. This is one of many reasons why pursuing FI has NEVER been easier! Getting started with Personal Capital You may know what your index fund fee is, but there may be hidden fees in your retirement account that you’re not aware of. The fee analyzer will show you exactly how much you’re paying in fees.
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