Estimated reading time: 7 minutes
Why use Neontra
Discover what makes Neontra the next-generation PFM. Credit Karma is a popular personal finance app for monitoring your credit card score but it does not offer options to manage your money, investments, assets, liabilities, goals or create budgets and spending limits. Credit Karma is not a financial planning or budgeting tool.
| Features | Neontra | Credit Karma |
|---|---|---|
| Personalized insights | ||
| Investment tracking | ||
| Personalized financial calendar | ||
| All your data in one place | ||
| Set spending limits | ||
| Create monthly budgets | ||
| Create quarterly budgets | ||
| Create bi-annual budgets | ||
| Create annual budgets | ||
| Track saving goals | ||
| Track retirement savings goals | ||
| Retirement planning | ||
| Asset forecasting | ||
| Liabilities forecasting |
Neontra has advanced money management capabilities
Neontra allows you to pull in nearly any piece of data related to your financial life, spending, savings, assets, liabilities and insurance. You can then view or visualize it without the use of spreadsheets.
| Features | Neontra | Credit Karma |
|---|---|---|
| Personal balance sheet | ||
| Expenses health | ||
| Savings health | ||
| Credit Card health | ||
| Emergency funds | ||
| Debt health | ||
| Investment portfolio diversity | ||
| Debt to asset ratio | ||
| Credit score |
Neontra automates more financial planning
Unlike Credit Karma, Neontra automates much more of your money management. All of your transactions from your debit cards, credit cards, savings, checking and investments accounts are categorized automatically so you don't need to do the work.
| Features | Neontra | Credit Karma |
|---|---|---|
| Built-in collaboration | ||
| Comprehensive cash flow analysis | ||
| Powerful budgeting | ||
| Cash flow forecasts | ||
| Goal planning |
Neontra is flexible
Unlike Credit Karma, you can import data in four different ways with Neontra. Whether you want to automatically sync your data, import a .ofx file or .csv file, or enter your data by hand, Neontra makes it easy to get up and running quickly.
| Features | Neontra | Credit Karma |
|---|---|---|
| Full Mint history import | ||
| Manually by hand | ||
| Auto sync | ||
| .ofx | ||
| .csv | ||
| .qfx |
Neontra has more advanced ways to organize and keep track of all your income, expenses and transfers.
Neontra allows you to tag and organize your transactions when budgeting, planning or tracking income and expenses from all your financial institutions in one central place.
| Features | Neontra | Credit Karma |
|---|---|---|
| Custom categories | ||
| Personal transaction rules | ||
| Custom transaction names | ||
| Personal memo fields | ||
| Tailored tags to group transactions | ||
| Add multiple transaction tags | ||
| Tags across transaction types | ||
| Define category spending limits |
Neontra can be accessed across all platforms.
We provide native iOS, Android, and web apps. Your iPad and iPhone may be used with the iOS app. Any device with a web browser may access the web application.
Should you use Neontra or Credit Karma?
Choosing between Neontra and Credit Karma is not a binary choice. Why? Depending on your goals and aspirations you may utilize both since the features and functions are very different.
To help you understand and plan how you want to save, spend and invest your money, Neontra has the tools to help you achieve your financial goals.
Credit Karma is helpful for checking your credit score and getting recommendations for financial products like credit cards and loans.
Neontra provides a holistic approach with the mission of empowering everyday people to lead a better more secure financial life. Our tools are designed to keep you on the path of financial wellness.
Financial wellness is mostly dependent on having a solid understanding of your finances, which enables you to make informed decisions.
Neontra provides you with a comprehensive financial understanding: