A new year has arrived, and for many people, one of their resolutions is to claim more financial successes throughout the year. This might include saving more, creating a better budget, or maybe even investing. Fortunately, there are a lot of great financial apps that are available to help you increase your financial success.
Apps to Increase Your Financial Success
Budgeting without an app can be difficult because you may just not have the time to log in every single purchase or receipt. If you use an app that tracks your budget you won’t have to, it is tracked automatically for you.
Apps For Budgeting
Mint is a free online personal finance app that allows you to keep track of all of your finances, even from multiple credit cards or accounts, in one place. You can set a budget for monthly expenses, see your credit score, get bill alerts, low balance alerts, and even refinance your mortgage or invest all from one app. Mint is a mobile app so that you can track everything on the go, but there is also a desktop version at www.Mint.com.
Wally is another free budgeting app that allows you to track your expenses that will offer helpful insights into your budget and show you where you can save more money. There are some very extensive graphs and charts that show you exactly where your money goes each month. The free version of Wally does require you to manually enter your income and expenses, however, if you prefer, you can pay just $3.99 per month to have all of your accounts linked to the app.
Apps For Saving
Being able to set more money to the side for vacations, a new car, or even just an emergency expense fund is another financial goal that many people have. There are a lot of amazing apps that can help you to succeed in meeting that financial goal.
Chime is an online bank that offers both savings and checking accounts. You can easily move money from one account to another right from your phone. The savings account offered by Chime has no fees, and your money will earn 0.50% interest yearly. You can have money directly deposited into your savings account each time you get paid, and when you make a purchase with your debit card those purchases are rounded up to the nearest dollar and that money is automatically deposited into your savings account. Chime also has some other great benefits, including direct deposit of your paycheck up to two days early, and no fee overdrafts.
If you really want to get a jump on your savings then Varo might be just the app you need to increase your financial success. Most savings accounts offer around a 0.06% APY interest rate, while Varo pays 19x that amount. You can open a Varo savings account with a single penny and there are no monthly fees.
Apps For Investing
Have you wanted to invest, but feel like you don’t have enough money to do so? You no longer have to have a large amount of money to invest, because there are many new apps available for micro-investing in stocks. You can begin micro-investing in stocks for just a few dollars, and you don’t have to have any knowledge of the stock market to do so.
Acorns is an app that will automatically round up the change from your purchases and set that money aside for investing. You can choose to have the change rounded up for every purchase or only for specific ones, you can also earn bonus cash when you shop with Acorns partner brands. You can start investing with Acorn for just $1 per month. Acorn has recently begun offering a retirement account, and a debit account but all of them have similarly low monthly fees.
Stash is an investment app that allows you to get started with just $5, and you can set the app up to withdraw a certain amount of money per week or month to invest. When you sign up you will be asked a few questions so that the app can choose the best options for you. You will also be asked about your risk profile, whether or not you want to be conservative, moderate, or aggressive in your investments. The monthly fees start at just $1 per month and there are no minimum balance requirements.
All of these apps can help you to get and keep your finances in line. You can choose to use just one of them or more than one depending on what your financial goals are.
Do you have a favorite financial app that you would recommend to increase financial success?