Throughout the past decade, tech savvy programs have been moulding the way we live. These days, we can do just about anything at the click of a button. That concept is no different with finances. As a matter of fact, technology has shaped the way we manage our checking accounts, investment accounts, apply for credit cards, and more! That being said, I figured today it would be fun to go through the different popular personal finance apps that are shaping the way we manage our money.
App #1: Mint.com
As a personal finance blogger, I spend a lot of my time checking out other blogs. You know, reading what’s hot and new. There is no other personal finance/money management app that I’ve seen mentioned more than Mint. It seems like it’s the favorite choice of the personal finance blogosphere, and for good reason. You can do everything from simple budgeting to complex debt payoff plans using mint. In my opinion, it’s the best all around money management app on the market today.
App #2: Betterment
For investors on the go, Betterment has created an entirely new way to invest. Their simple to use platform allows investors to adjust the risk level they decide to take on through stock and bond allocation. All you need to do is sign up, decide how much you’d like to invest and what risk you’d like to take, build a goal, and start investing. There’s no headache in choosing this or that stock. They do that for you.
App #3: ReadyforZero
ReadyforZero is like a Mint.com specially designed for debt relief. It helps you create accelerated payment plans by linking to your debt accounts and following the principles of debt stacking. By helping pay your highest interest rate balances first and creating a long term plan for your debt relief, ReadyforZero can save you hundreds or even thousands of dollars in interest. It also has the capability to automatically make scheduled payments to your lenders to help you avoid late fees, but that’s a paid feature.
App #4: SavedPlus
Saving is something that we all know we should do, but seem to have a hard time starting. SavedPlus has started to mold the way people are saving in the days of technology. With this app, you set a specific percentage of your money that you’d like to save. When you make a purchase, SavedPlus will automatically transfer that percentage to your savings account. So, let’s say you’d like to save 20%. If you were to make a purchase of $150, $30 would automatically be transferred to your savings account. It’s a great way to boost your savings.
These are my 4 favorite finance based apps. However, these are just the tip of the iceberg. As I mentioned above, apps, software, websites and other forms of technology are starting to shape the way we live financially. To me, it’s just amazing how easy, and fun these apps make managing money.
What is your favorite money management app? Why?