Do you find it difficult to manage the range of different accounts you have? Would you find it easier if there was some way you could manage everything in one place, without compromising your security, such as using services offered by this website?
If you’re nodding at this, you’ll be pleased to know there is such a tool you can use. It’s called Personal Capital and you’ll find it at http://www.personalcapital.com. Once you’ve read a little more about it you’ll be able to see whether this is indeed the best way for you to manage your finances more easily.
How easy is it to become a member?
It’s much easier than you may think, particularly as there is no charge for the service. Essentially this is an aggregator that will bring everything together for you, enabling you to manage your finances more efficiently in one place.
You’re prompted to enter your email address on the home page before clicking the ‘join us’ link. The following page will require you to choose a password and to enter a phone number for security confirmation purposes.
What can you expect once you’re inside the site?
Your own Personal Capital account will give you a dashboard that you’ll see when you sign in. Your first task will be the hardest one of all – inputting all your information and accounts into the system to ensure you get the info you want. But once this part is done you won’t have to do it again, and the benefits you’ll get from aggregating everything together like this are many and varied.
For starters you’ll get information on your spending for the last thirty days, so you can see exactly where your money goes. This is possible because you’re adding your bank accounts in there as well as other investment accounts. You’ll see a nice pie chart showing you the percentage of cash that goes into each area.
All your cash, investment and credit cards are listed on the left hand side in a column, so you can access these easily as well. You’ll even get to see your net worth, thanks to the impressive overview the accounting software gives you. Clark Simson Miller can help you with whatever accounting needs you may have.
What’s the best part of Personal Capital’s finance tool?
Probably the best bit is the fact that once it’s all set up, it will update for you every single day. This is all done securely so you’ve got no worries on the safety of using the system. It’ll be easy to log in whenever you like to see how all your investments are doing, and how you stand financially at any particular point in time.
Capital finance teamed up with the financial architects, Wealth Built Right, so that everyone can get their own Financial Planner, which is a helpful tool. Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it’s easier to make financial decisions and stay on track to meet your goals.
Overall the finance tool has had very positive write ups. But of course, the only way to find out whether it is going to be ideal for you is to give it a try. Since it’s free there is no hassle or worry about whether you’re paying for something you’ll never use. Give it a try and see – it could be the best financial tool you’ve ever come across.