More info… showĬonsidering the fact that Personal Capital also tracks investments, it offers a more comprehensive (and free!) service than similar competitor Mint. Once you link up all of your various accounts, including your bank accounts, investments, mortgage, credit cards, and any other accounts, Personal Capital summarizes your finances and offers you basic investment guidance. One way to describe Personal Capital’s budgeting software is an “account aggregator.” This program allows you to track and understand every single penny in all of your financial accounts.
Learn more and get your free trial with OnTrajectory. Cost: If you choose to pay monthly, the cost is $9/month, and if you choose an annual subscription, it works out to $5/month.
Cons: The cost is not the lowest among the software options, however, you can sign up for a free trial of the full software to see if it’s worth the money for you (and no credit card is required for the free trial!).The inflation calculator helps make realistic projections. You can run your plans against a Monte Carlo simulation.
You have the ability to set specific goals and plot how long it will take to get there. The option of being able to add as many lines of data as you want with all different possibilities and then simply toggling them “on” or “off” to see how that impacts your future projections is a very intuitive feature.
Expenses (and potential future changes).With a clear graph front and center that is always updating as you are, here are just a few of the many features this tool will help you visualize: The features are laid out well, allowing you to easily track expenses, investments, and taxes. It uses Monte Carlo simulations to see how your plans stack up against other time periods in history, testing your financial plan to see if it will stand up over time. For example, when can I retire? Should I switch jobs? How much can I invest after my kids move out? With OnTrajectory, you can essentially plan whatever future you dream up. At any time you can run multiple scenarios to discover answers to just about any financial question you have about your future. The depth matched with the simplicity of this tool is what makes it awesome. The best feature of this software is its ability to factor in several different possible scenarios for the future. OnTrajectory is a comprehensive financial planning tool that feeds several customized inputs into a graph and shows you where you will end up financially by a specific age.