Managing finances can sometimes feel like the most complicated part of being an adult. The good news is that there are several financial apps that can help you with this crucial task.
Not to be confused with earning apps like RozDhan, financial apps are mainly tools for budgeting your money, paying bills on time, and other functions that can help you stay on top of your finances. Here are some of the best ones currently available on the market.
One of the top-rated budgeting apps in the market, Mint is all about simplifying your finances. You can use it to create custom budgets, access personalized insights on your spending patterns, track subscriptions, and even set long-term financial goals. While there are many financial apps out there with similar functions, Mint is one of the most popular due to its streamlined user-friendliness. Even its turquoise color scheme is designed to make your financial concerns less daunting.
Created by Petal, this app is actually designed to accompany their corresponding credit card. By using the Petal Card app, you can get updates on your credit score, calculate payments, plan for monthly spending, and even see the subscriptions your card is regularly paying for. Designed to make credit more accessible, virtually anyone can get the Petal Card, even those with zero credit history. And with the corresponding app, you can take full control of your finances through one interface.
Created by WalletIQ, Honeydue makes budgeting simpler for couples or partners. In a nutshell, using the app is a great way to stay on the same financial page as your partner, eliminating spending or credit-related surprises for either person. After syncing your separate bank, loan, and/or investment accounts, Honeydue gives you a snapshot of your overall balance through the activity log. Other functions include joint transaction tracking, budgeting, and bill tracking. There’s even an in-app texting function so you don’t have to leave Honeydue to DM your partner about money concerns.
In the ‘new normal,’ Venmo has become one of the most popular digital wallets on the market. It’s basically a quick and easy way for contactless payments, either to establishments or between friends. In fact, Venmo also doubles as a social network, and it keeps track of personal debts, prompting quick and hassle-free debt settlement. You can even use it to split credit card purchases between several accounts, which is a good way for a family or group of friends to grow their credit scores together. But before you get Venmo, it should be noted that the corresponding credit card is only available for those with good or excellent credit scores.
Financial apps are not just about budgeting, payment tracking, and payments. Wealthfront is currently one of the most disruptive apps in money management and digital investments. It’s basically a relatively affordable app that can allow you to start investing your money intelligently.
This includes the ability to create a long-term investment account, retirement account, or 529 college savings account. Furthermore, you can also use the app to get advice on how to expand your financial portfolio. This includes expert views on stock trading, mutual funds, dividend stocks, municipal bonds, and other financial instruments. If you’ve always wanted to invest your hard-earned money like an expert, this is the app you need.
There are of course just a handful of the many financial apps that you can check out in 2021. Try them out and see which ones are best for your purposes. By utilizing these convenient digital financing tools, you can get much closer to your own long-term financial goals.