Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
6 Finance Apps You Need To Know About
Oct 30, 2022
Image: Pixabay/sergeitokmakov
Like most people, you're always looking for ways to save money. Well, look no further! Several fantastic finance apps can help you organize your finances and keep more money in your wallet. This blog post will list six of the best finance apps available today. So whether you're looking to budget your expenses, track your net worth, or simply find better deals on groceries, there's an app for that. Keep reading to learn more.
Credit builder apps
These days, you need to have good credit for various reasons. A strong credit score can help you qualify for loans, get lower interest rates, and even get a job. But with bad credit, it can be challenging to improve your score. That's where credit builder apps come in. These apps help you build credit by giving you access to credits that you can use to make small purchases and then pay back over time. As you make on-time payments, your credit score will gradually improve. When you research the internet, you may come across a MoneyLion credit builder loan app that can be a great resource. It features a 5.99% APR and requires no collateral, so it's an excellent option for those with bad credit.
Budgeting apps
Budgeting is another important aspect of personal finance. But if you're being honest, it's not always the most fun thing to do. Fortunately, there are several budgeting apps out there that can make the process easier. These apps help track your income. They can also help you monitor your expenses. This way, you will see where your money goes each month. They also typically offer spending alerts, budget templates, and goal-setting tools to help you stay on track. Spending alerts can be beneficial if you avoid overspending in certain areas. Some popular budgeting apps include Mint, You Need a Budget (YNAB), and EveryDollar.
Grocery apps
You may not think of grocery shopping as a personal finance issue, but it can significantly impact your budget. If you're not careful, you can overspend at the grocery store easily. Fortunately, there are several grocery apps out there that can help you save money on your groceries. These apps offer features like coupons, cashback rewards, and price comparisons. They can also help you find deals on specific items that you're looking for. For instance, if you need to buy laundry detergent, you can use an app like Flipp to compare prices at different stores and find the best deal.
Bills payment apps
For many people, paying bills is one of the most stressful aspects of personal finance. There's always the risk of forgetting to pay a bill on time or getting hit with late fees. But there are many bill payment apps out there that can help you stay on top of your accounts and avoid late payments. These apps typically allow you to set up automatic bill payments, so you don't have to worry about forgetting to pay a bill. They also usually offer features like bill reminders and payment history tracking. Bill reminders can be beneficial if you have a lot of accounts to keep track of, while payment history tracking can help you spot any errors or discrepancies on your bills.
Investment apps
Investing is an excellent option if you're looking to grow your money. But it can be challenging to get started if you don't have much experience. That's where investment apps come in. These apps offer a simple way to start investing with little money. They typically have low minimum deposit requirements and offer various investment options, such as stocks, bonds, and ETFs. Many apps also provide educational resources and customer support to help you grow as an investor. Some popular investment apps include Acorns, Robinhood, and Stash. Many people are looking for investment apps like Robinhood because it has no commission fees.
Net worth trackers
Tracking your net worth can be a great way to stay motivated as you work towards financial goals. And there are several apps out there that make it easy to track your assets and liabilities. These apps typically allow you to link your bank accounts, investment accounts, and other financial support to see your net worth in one place. They also usually offer charts and graphs to help you visualize your progress over time. Charts and graphs can be constructive if you're trying to repay debt or build up your savings. Some popular net worth tracking apps even features gamification elements to make the process fun. Wealthfront and Personal Capital are two excellent options worth checking out.
See: Bain & Co Embedded Finance Report: What It Takes to Prosper in the New Value Chain
Image: Pixabay/Firmbee
These are just some finance apps that can help you manage your money. So look around and see which ones might be a good fit for you. And don't forget to read the reviews before downloading anything. Rest assured that with some research, you'll be able to find the perfect app to help you with your personal finance needs.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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