When you need to manage your money, there are many high-quality apps that can help you get organized. Financial apps allow you to take your information on the go, letting you make real-time choices that are in line with your overall financial goals. P&Q Partners has assembled a list of six financial apps that will help you manage your money. These six apps are ideal for tech-savvy consumers as well as for novices.
Mint has revolutionized the personal finance app with its multi-layered approach to managing your money. Through the app, users can aggregate all of their financial data. It enables you to create a budget that works for you, using real-time data from all of your accounts. With Mint, you can track areas of spending and find areas where you are wasting money.
Mint makes it easy to make sure you are working within the confines of your budget and enables you to save money on late fees and other charges that may come from poorly managing your money. It also comes with free credit scores. Mint is a free app.
2) Personal Capital
Personal Capital is similar to Mint but has a greater focus on investment income. If you are a seasoned investor, it’s likely that you will prefer Personal Capital over Mint. The interface resembles that of dedicated investment apps. Personal Capital is free but offers premium services like consultations with financial advisors that help to pay for the app.
3) YNAB (You Need a Budget)
YNAB is great for beginners who are trying to manage their money for the first time. It teaches you step-by-step how to build a budget and stick to it. YNAB focuses on educating its users, and this sets it apart from other apps on the market today. Even people who have had trouble managing their budget will be able to use YNAB and make their money work for them. YNAB costs $6.99 per month or $83.99 per year.
Acorns is a micro-savings app that helps you round up your expenses and use the amount to make investments. This is a great way for people who do not manage their investments daily to keep putting their money to work for them. This app can also help you “find” money by locating rebates offered by certain online merchants. Acorns can be useful for anyone who is interested in increasing the money they save and invest each week. The app is free to college students and costs only a dollar per month for everyone else.
Trim is an excellent way to save money on subscriptions and recurring bills. The app will negotiate with cable providers and other billers for you, optimizing your subscription and saving money for you whenever possible. It’s possible to do this on your own, but Trim automates the process and takes away the tedious business of calling and wrangling with each service provider. Trim is a free app.
Coinbase is a quick and easy way to trade cryptocurrency. It is a lean, easy to use application that can help you get into the cryptocurrency market. Trading limits are capped at $9,500 per month unless you provide different forms of identification. The app allows you to set price alerts, so you can see when you might want to make a move with your money. Coinbase is free, but trades incur costs on their own.
Make Financial Apps Work for You
When you use financial apps, you can organize your credit, bank accounts, and investments. Use these financial apps to get your finances into shape, and you’ll reap the benefits of better savings and investments while securing your financial future. P&Q Partners recommends these apps to tech-savvy users as well as those who are novices.