The surprises are often interesting. Present! Parties! But it’s never fun to receive an unexpected text from your bank saying your account is overdrafted. Some financial situations are beyond your control, but careful money management can help you get the most out of your resources. These six apps provide practical advice, aid in budgeting, and help reduce your overall financial stress.
YNAB
Budgeting in your head can be tough, especially if you don’t have someone to show you the ropes. YNAB (You Need a Budget) makes financial planning manageable. You’ll be able to sync all of your accounts, track your monthly spending, update your bills, and set aside savings for emergencies — all in one hub. The company also offers webinars that can give you the skills you need to get out of that nasty debt and increase your savings. After a 34-day free trial, YNAB costs $99 per year — but you can work that into your budget.
mint
Free mint the app uses a more passive budgeting approach than YNAB, showing you the balance of each account, your custom budget, and how much you’ve spent recently. You can make your own decisions from there. Mint offers some savings tips, although you won’t get the level of guidance that YNAB offers. But hey, it’s free, so you can walk away with a few dollars in your pocket.
Co-pilot
An engaging user experience powered by Co-pilot make the finance app stand out. Once it’s connected to your bank account, transactions are automatically organized into groups labeled with emojis. The app can suggest new amounts for budget categories based on past spending and track recurring payments. Acorns, Robinhood, and other apps connect to Copilot to help you track any investments. For those who are overwhelmed by the thought of tracking their finances, Copilot is an accessible entrance into the world of money management. Unfortunately, the app is only available for iOS users. After a month-long free trial, the annual subscription costs $70.
Credit Karma
Credit scores are often confusing, but your credit score is important. Lenders, homeowners, and insurance companies may all want to check your credit score. The number fluctuates over time and primarily tracks whether you’ve made your credit card or loan payments on time and whether your allotted credit has been used up. Free Credit Karma The app makes it easy to navigate odd reasons for changes in your score by providing you with free reports from TransUnion and Equifax, and then explaining the factors that affect your score. your. Credit Karma is great for tracking scores, but you’re likely better off ignoring in-app advertisers promoting loans based on your data.
Acorns
The world of investments and possible returns is for the novice. Skip stockbroker appointments and download Acorns to replace. It simplifies the investment process by rounding every purchase you make to the nearest dollar and automatically investing the change in Diversified investment portfolio. This service costs $3 per month, but you can withdraw your investment at any time.
Number
If you are not ready to dive into the risky world of investing, Number offers a safer way to build your savings. It’s an automated process, much like Acorns, but instead of being primarily focused on investments, it’s more geared toward saving money you already have. Every day Digit withdraws money from your account to deposit into a savings account. Don’t worry — the app monitors your spending and income habits, so it will only withdraw what it thinks you won’t need. Long-term investments and retirement are also available through Digit. You can try it for free for 30 days, after that it will cost you $5 per month.
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