Between work responsibilities and family obligations, it’s often tough to find the time to track investments or even follow a monthly budget. To make life easier, many people are now relying on a simple digital solution: money management apps. If you need help with financial planning, consider downloading one of these five apps to your phone.
Smart Money Management Apps to Download Today
1) Personal Capital
Personal Capital is the perfect example of how money management apps can now do more than help with creating a budget. This digital assistant is also a tool that provides a holistic view of your financial picture, including your investments.
The app displays graphs and other visual aids that are easy to read and understand. Personal Capital can be particularly helpful with tracking investment performance, so you can better manage your portfolio.
Mint is one of the more popular apps that is used for money management today. Like Personal Capital, it has features for both budgeting and investing. However, it is focused more on helping with balancing a checkbook than building a stock portfolio.
One of the advantages of Mint is that it can help you create very detailed budgets. The app can even be set up to automatically pull information about transactions from your bank accounts and credit cards.
Acorns is another one of today’s best money management apps for investors. It stands out, however, because it has a different spin than the others.
Acorns invests users’ virtual spare change by rounding up transactions. With this app, you could begin automatically investing your money without expending much effort at all.
Wally is a more basic budgeting app than other available options. It is more focused on vital financial information, such as how much money you have and what’s left in your budget this month.
The app is also a useful tool when tax season arrives, because it lets you upload pictures of receipts, so you don’t have to worry about saving all of them.
Robinhood is another app that can be a terrific investing tool. In addition to offering commission-free trades, Robinhood can also help you stay informed about the ups and downs of the stock market. It provides real-time news alerts and market information, which may be customized to fit any wealth building strategy.
From Personal Capital to Robinhood, these five money management apps are some of the best digital, personal finance tools available to download on your cell phone right now. Depending on your personal financial planning needs, these apps are versatile enough that they can fit the needs of just about every investor.