5 Apps For Finance You Should Check Out
The old adage that “there’s an app for everything” has become increasingly true over the years, to the point that, well, there truly is an app for everything. In each category and for every purpose, there seems to be a mobile app (or a number of them) to assist us, and finance is no exception. So if you’re the type to keep a close eye on your own financial situation, and you love finding helpful new apps, keep the following five titles in mind.
1. Level Money
There are a lot of apps now that essentially act as comprehensive financial tracking and analysis systems. They track your bank accounts and weigh expenses against income to help you understand what you should be able to spend in a given day, week or month. Mint is the most popular app in this category, but some find Level Money to be a little simpler because of its main function: it tells you each day how much money you have to spend, factoring in bills and expenses you have to pay.
Acorns was one of the first investing apps to make it big, and it did so primarily for two reasons: first, it’s beautiful and easy to use; and second, its investment concept is inventive and easy. Basically, Acorns lets you choose a stock portfolio to start funneling money into. Then it links to your credit and debit cards and starts taking that money by rounding up your expenses to the nearest dollar, and withdrawing that spare change. So for instance, if you spend $3.70 on a morning coffee, $0.30 goes into your Acorns account. It’s not exactly going to make you rich, but it’s a fun app for people who like to make the absolute most out of each bit of change.
Robinhood is a more traditional investment app in that it invites users to make their own decisions about which stocks to buy and sell, and when to do it. Like Acorns, it’s thrived in part because of its smooth and beautiful interface. But the real benefit of Robinhood is that it eliminates the fees that typically come with making a trade in the stock market. You can simply create an account, start investing with however small an amount you like, and make your trades free of charge. Stash Invest is another popular app that’s ultimately a very similar alternative.
Simply put, Coinbase is one of the leading Bitcoin wallets available in the app store, and it’s becoming more useful each year as the cryptocurrency gains popularity. The trouble for this one is that most people don’t yet understand Bitcoin storage (and therefore wallets). Basically, Bitcoins can be stored online through your computer or smartphone, and online storage makes access convenient, which is what drives a number of people to the app. It lets you access your Bitcoin account, buy and sell more of the resource, and even spend it at accepting merchants. You can also view charts for Bitcoin performance, meaning it can essentially function as a sort of investing app as well.
Digit is a little bit like a combination between Level Money and Acorns, in that it analyzes your spending patterns and makes use of your spare change. Instead of taking leftover change from your purchases, Digit determines an amount of money that it deems you won’t necessarily need based on your own habits. It then automatically filters that amount into a savings account. You can withdraw at any time, but this app basically automates a savings process that a lot of people would otherwise forget to put into action.
Many more finance-related apps can certainly be of service to you. These five, however, cover a nice range of analysis, investing, savings, and even exploring a new currency.
You can be first to leave a comment