Monday, June 19, 2017
Top 3 Best Finance Apps for Your Smartphone
We have picked three financial apps for you which we believe are a step above the rest. We have chosen a personal finance app, a budgeting app and an investment finance app. Read on to find out which three apps are the must- have financial apps to help you keep your finances in check.
Mint Not only is it the most popular and well-known personal finance app out there, it comes with an array of simple to use and intuitive functionalities that will revolutionize the way the user manages their personal finances. Mint makes it easy to keep track of and pay bills all in one place; it keeps track of online bills and offline bills and it eliminates the need to log onto multiple websites. Mint also has an inbuilt budgeting functionality to help keep track of spending, create budgets and receive budgeting suggestions. It is easy to pay all one's bills on time, know how much money is left to spend and check that credit scores remains healthy.
You Need a Budget Another financial app that we strongly recommend is You Need a Budget. It's an app that helps users to reduce debt and manage their income effectively. The way it works is that the app creates a budget based on the user's actual income and makes sure the user does not exceed this budget. The app is based on a simple recipe for success which is that every dollar needs to be allocated to a specific budgeting need allowing users to identify spare cash that can then be allocated to paying off any debts.
Many users that have reviewed the app have found that in a few short months they have managed to better understand their true budgeting needs, pay off outstanding debts and successfully live within their means.
Acorns We have chosen this app for those users that would like to find an easy way of saving some extra money in the most uncomplicated manner possible. All the user has to do is link any credit or debit cards to the app, setup the low-cost exchange traded funds they wish to invest in (low-cost stocks and bonds) and simply let the app do the work and automatically transfer small amounts of funds into the user's chosen investment funds. Every time a payment comes out of a linked credit or debit card the app rounds it up to the nearest dollar and transfers the difference to an investment fund. It's an app that invests small change so that by the end of the year a tidy sum of money will have been automatically invested.
Daniel Palmier is a leading Boston CEO, Real Estate Investment Manager, and Founder of UC Funds.