6 Awesome Financial Apps You Should Know About

Top 6 Apps for building your money tree

Making money, budgeting, paying off debt, building credit, expense tracking, investing, all add to the dizzying array of financial chores we all could use help managing. You can manage money on the go these days with helps of these very useful apps. We Urbanites tend to leave a lot of money sitting on the table with our busy day to day lives. Here are 6 apps you should consider for your money garden.

1. Credit Karma
Credit Karma offers free credit scores and tools to help consumers better manage their money. I’ve used Credit Karma for years to track my credit score. It updates my score monthly, showing the factors that are helping and hurting my credit score. It also provides detailed information on my credit report, all in one place.

2. YNAB (You Need A Budget)
You Need a Budget doesn’t let you create budgets around money you don’t have; it forces you to live within your actual income. If you get off track (and who doesn’t occasionally?), YNAB helps you see what you need to do differently to balance your budget. The built-in “accountability partner” keeps you on your toes. Although users pay a monthly or annual fee for YNAB, many feel the service and support are worth it. Online classes with a live instructor for Q&A to help you learn budgeting basics are included. In fact, YNAB is so effective that the average user pays off $500 in debt the first month. If nothing else, the financial commitment encourages you to use the app. (Investopedia.com)

3. Wally
If you’re the sort of person who’d love to be as organized with tracking your personal expenses as you are with filing your professional expense reports, you’ll love the totally free Wally app. Instead of manually logging your expenses at the end of the day (or week or month), Wally lets you take a photo of your receipts. And if you use geo-location on your device, it even fills in that info, saving you several steps. (Investopedia.com)

Wally is a clean, streamlined app that’s extremely convenient and easy to use. It’s a great choice if you like more insight into where your money is going.

4. Robinhood
Robinhood is a game-changing investing app with a very unique and unbeatable feature: Transactions are free for stocks, ETFs (some 2,000 of them), options, and American depositary receipts (ADRs). The app makes money by upselling premium services like margin trading and payment for order flow. It’s also one of the very first personal investing apps to offer Bitcoin trading capabilities. Along with no commissions, there are no account minimum or maintenance fees.

5. Fundrise
Fundrise is an online real estate company that lets average — read: not wealthy — investors buy into private commercial and residential properties by pooling their assets through an investment platform.

Who is it For?

Investors with a long-term outlook.

Investors seeking diversification from the stock and bond markets.

Investors who don’t want to choose or manage properties on their own.

Investors willing to take on the risk of investing via a model that hasn’t yet been tested by a significant real estate downturn.

Investors able and willing to do research. (nerdwallet.com)

6. Meta trader 4
Considered the gold standard among trading platforms, MetaTrader 4 is a free platform for trading forex and other financial instruments such as CFDs, futures, indices, commodities, and cryptocurrencies. MetaTrader4 is available for retail traders through specific brokers, which individually license the platform. According to its developer, MetaQuotes Software, the platform is available through over 750 brokers and banks and services millions of traders. (benzinga.com)

These 6 apps that may tighten the reigns on our habitual spending or just make investing a little bit more manageable. These options are perfect for beginners, and experts both and are definite time savers.

DISCLOSURE:  This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.

Published by jemvolition

Freelance Writer/Author

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