Personal Capital is offering a promotion through its refer-a-friend program. You get a $20 Amazon gift card upon joining the service. (And since this is a referral program, I’ll also get $20 when you join.)
Keep in mind we rate Personal Capital as the best personal finance service currently on the market. You can read our review on Personal Capital to find out in detail why.
In summary, Personal Capital is two services in one: free personal finance software and a paid financial advisory service.
The terms of this promotion are pretty clear. A user must link at least one valid investment account (brokerage, 401(k), IRA, etc.). Unfortunately, bank, credit or debit card, PayPal, Stash, Acorns and Coinbase accounts do not count toward the giveaway. An Amazon.com gift card valued at $20 will be awarded to each new customer who links an account. All awards will be electronically delivered within six weeks from registration through Amazon to the customer’s email provided in the registration process.
The free service allows you to:
- Financial Aggregator — See all of your financial accounts in place
- Retirement Planner — Find out if you are on target for retirement. Currently, this feature is available only on the website and iPad app.
- Budgeting — Follow weekly, monthly and yearly income and spending habits with the Cash Flow Analyzer spending tool. Currently, this is available only on their mobile app.
- Education Planner — This feature can help you compare the costs of specific colleges and determine your annual savings needs to meet your educational goals.
- 401(k) Fee Analyzer — This useful feature tells you how much your retirement plan is costing you. For most people, the amount lost to fees is surprising.
- Investment Checkup — On your investment asset allocation. By determining your risk profile, Personal Capital will recommend an asset allocation that’s right for you.
- Asset Allocation Target — Are you overweight or underweight in any of the major equity categories?
- Upcoming Bills — Shows a report of upcoming bills and their due dates.
- Email Notifications — Get daily or weekly summaries of your investment portfolio and spending.
Unlike the competing free service by Mint, Personal Capital allows you to get a bird’s-eye view of your investments and helps you determine if you’re on track toward financial goals such as retirement.
I personally use this service and have since I replaced Quicken for monitoring my finances.