Maybe you're planning to work on getting your finances under control in the new year or you simply want to work on saving money for your new home, one thing is certain: a finance app that you can look at wherever you are is likely to help you stay on track. Consider some of these options for your needs.
You might not think of GoodLeap when you consider the finance apps you want to use, but it deserves a spot in the top finance apps available. A marketplace for sustainable home solutions, the app is point-of-sale technology that helps sustainable home professionals connect with homeowners who want to upgrade their homes to use environmentally friendly technology while saving money. From solar panels to upgraded HVAC systems and more, the app is an excellent way for homeowners to look at their current home setup and determine where they could be saving money and the planet in the long run.
If you want to pad your savings account but find it hard to do so via a traditional savings account, Acorns may be the answer. The automated savings app lets users link credit or debit cards to it. Every time linked cards are used for a purchase, Acorns rounds the purchase up to the next dollar, grabs the change from it, and adds it to a computer-managed investment portfolio for the user. For example, a $10.25 purchase would round up to $11.00 and Acorns invests $0.75. The app also partners with other businesses to provide users with 10% cash back on purchases. This is an excellent choice for new investors who aren't really sure where to start and don't mind if it takes a few years for the earnings to build up.
3. You Need a Budget
You Need a Budget, which is often shortened to YNAB, built itself upon four rules. The app's creators want you to have a job for every dollar you make, to be honest with yourself about what your expenses are, to roll with it when things change unexpectedly, and to age your money. These rules help you get better control of your spending and create a more sustainable budget. The app works by allowing users to transport their checking account's transactions and applying each one to a specific section of the budget. The budget adjusts itself based on if you are under budget or overspend and helps you keep a more accurate picture of where you should be allotting money. Detailed reports help you see where you are improving or need to improve your spending.
Perhaps one of the most well-known apps on the list is Mint, which has more than 25 million users. The free app has options for people at all levels of budgeting expertise. In addition to budgeting, it lets you set up reminders to pay your bills, track your investments, and even keep track of your credit score. Choose between syncing your financial accounts or adding transactions manually, then organize it in a way that works for you. There are also several educational resources that can help you learn about things such as how to save for a home or how to calculate loan repayment options. The app features several security options, including multi-factor authentication, touch ID access, and Verisign.
5. Personal Capital
Another comprehensive app, Personal Capital lets users link accounts to it to make managing money easier. The app helps you estimate your net worth and create goals to encourage you along the path to financial success. The advisor analysis feature can even help users to create a more personalized financial plan. This app stands out from some others because it also provides an easy-to-navigate desktop interface that can even help you to uncover hidden fees in your day-to-day life. The app uses military-grade encryption algorithms to protect your data.
There is no one-size-fits-all when it comes to financial needs. Whether you try one of these apps or all of them, the key is to find something that works for you and helps you achieve your financial goals.
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