How does Personal Capital track my spending?

Personal Capital tracks your spending by securely linking your financial accounts to its platform. Once linked, it accesses your transaction data, categorizes your expenses, and presents them in an organized manner. This process allows you to gain a comprehensive understanding of your spending patterns. Personal Capital utilizes advanced algorithms to automatically categorize your transactions, and you can also customize categorizations to align with your preferences. The platform also provides insightful visualizations, charts, and graphs to track your spending over time. Moreover, Personal Capital's dashboard enables you to set budget thresholds, receive notifications on spending trends, and gain access to detailed reports. Rest assured, your information is safeguarded using industry-leading practices so you can utilize Personal Capital's features for effective expenditure monitoring.