Tax season has a way of spotlighting money. We start to think about the ways we make money, the ways we spend money, and the ways we save and invest money. To say money management is overwhelming is, for many, an understatement. Sure, we make things work from day to day, but what about the bigger picture?
Thankfully, technology has our backs on this. There are several great apps that can help you on your quest to be oh-so organized when it comes to your finances. Whether you’re looking for tools to make investing easier, saving more top of mind, or just stay on top of your overall spending and budget, these 5 apps have got you covered.
Using the mentality of small things laddering up to achieve larger goals, Acorns helps you invest in a diversified portfolio of stocks and bonds in a low risk way that you’ll hardly notice. Just sync up your checking and credit card accounts to Acorns and the app will round up every purchase to the next dollar, using the difference to invest in a portfolio of your choosing. According to Acorns, on average users invest anywhere from $30 to $180 in round ups alone, and you can also supplement your investment with lump sum amounts.
You’ve likely already heard of (or currently use) Mint, but it’s hard to make a list of money management apps without including it. After all, it’s just so well designed and user friendly. Intuit’s Mint app gives you a real-time peek into all your finances – anything from your checking account to your student loans to your 401k. You can track spending by category, sign up to get alerts when you near your budget limit, and more.
Need help saving your dollars? Digit is the app for you! It’s designed to add to your savings without you even realizing it. The app analyzes your deposits and spending patterns, transferring small amounts that it determines you won’t need to a Digit savings account. You can withdraw from the savings at any time, and Digit alerts you regularly with updates on how much they’ve helped you put away.
If you need some assistance determining your budget, download Level Money stat. The app, once connected to your bank account, notes your income and recurring bills and then calculates what your suggested daily, weekly, and monthly spending should look like (and recommends what you should be saving, too).
This app offers free credit scores and reports, which can definitely come in handy, but it also lets users monitor their spending patterns by syncing up with their credit cards and bank accounts. Based on that info, Credit Karma recommends better credit card or loan offers to boost your finances (including offerings like auto insurance and even mortgages).