In today’s fast paced world creative money management is needed to keep things stable and reach long term goals. Technology has enabled many apps to help people save money and keep track of their spending. These apps make it easier to manage your money and give you tools to help you make decisions. Ten great apps for managing your money can help you save money immediately.
Mint
Mint is one of the most complete apps for managing money. It combines your bank accounts, credit cards and bills to give you a full picture of your money. Mint keeps track of your spending and bills and gives you budget ideas specific to how you spend your money. Many advanced tools in Mint make it easy to keep track of your spending and find habits to save.
YNAB
YNAB encourages proactive budgeting by making users put every dollar they earn into a category. With this attitude users can set priorities for their financial goals and spend wisely. YNAB always keeps an eye on your money so you can make changes. With zero based budgeting YNAB helps people escape the cycle of living from paycheck to paycheck and save for emergencies.
Acorns
Acorns change how people save money by automatically investing spare change from everyday purchases. When you add debit and credit card transactions to the app Acorns rounds them up to the closest dollar and invests the variance in a wide range of stocks. This small investment method lets people slowly get rich without giving up anything. Acorns make it easy for anyone to invest confidently by giving personalized investment advice based on your financial goals and risk tolerance.
Pocketguard
PocketGuard makes budgeting easier by showing you your money right away. All your bank accounts are linked together so it can keep track of your costs and bills and guess how much you can spend without going over your budget. Its simple interface lets you see subscriptions that haven’t been renewed and high interest loans that you can refinance. PocketGuard intelligent alerts and insights help you keep track of your money and save more.
Truebill
Truebill helps people keep track of their regular spending by finding subscriptions that aren’t being used and negotiating lower payments. Truebill looks at spending and finds subscriptions that need to be used by combining bank accounts and credit cards. Truebill lowers the costs of cable internet and phones by negotiating better prices with service providers. This app also lets you save money or pay off debt every month.
Digit
Digit looks at how much you spend and automatically moves small amounts from your checking account to your savings account. This makes it easy to save money. Digit uses complicated math to figure out how much you can save without changing the costs of your daily life. With this hands off way to save you can build up a savings cushion without thinking about it. Digit also helps you stay on track and protect your finances by preventing overdrafts and setting personal savings goals.
Personal Capital
Personal Capital is a complete financial plan that includes budgeting, monitoring investments and planning for retirement. It lets you link your accounts giving you a complete picture of your net worth asset allocation and investment performance. Its retirement planner helps you set attainable goals and tracks your progress, updating your predictions as your finances change. Personal Capital gives you powerful tools to help you plan and improve your long term money strategy.
Honey
Honey saves people money when they shop online by automatically using discount coupons at checkout. It utilizes a browser extension that works with popular e-commerce sites to help you look for great deals and discounts online ensuring that you only spend what you need to. When people use the Honey cashback feature after every purchase they can trade in their points for gift cards or PayPal cash. Honey makes it easier to shop online for food, clothes , electronics and other things that you need.
Chime
Your mobile banking service Chime can help you save money by letting you round up your savings, set up recurring savings transfers and set up early direct deposits. When you use a Visa debit card to buy something the Chime round up function rounds up the amount to the nearest dollar and puts the extra money in your savings account. With Chime saving for trips, emergencies and other financial goals is easier because money is automatically sent to savings accounts. Chime encourages people to be smart about their money and save in a way that helps them reach their goals faster and with no hidden costs.
Trim
Trim looks at your spending, cancels subscriptions and negotiates lower payments for you. Trim finds your regular expenditures and gives personalized advice on saving money by linking your accounts. Trim talks to service providers about lowering your cable internet and phone bills saving you hundreds of dollars annually. Trim also lets you make a plan to pay off your debts so that you can get rid of credit card debt faster and save money on interest. You can reach your goals faster if you save money and manage it well.
Conclusion
These 10 apps make it easier for people to handle their money, save money and reach their financial goals. Anytime you need to keep an eye on costs, save money automatically or get the most out of your investments there are apps for that. If you use these apps regularly you might learn better money habits that will help you in the future.