Five Financial Apps to Download
Technology and finance have been becoming more intertwined for years. With so many methods to better organize your finances. From investing, understanding the market, to learning new ways to make your life more efficient and productive, fin-tech is a lucrative business. Money makes the world go around and there are plenty of resources to overcome financial hurdles. Learn how to more effectively utilize your money. There are plenty of tools to use when it comes to financing. It helps to know what is out there. Below are five financial apps you can download to help you with money.
Savings Apps
One of the best apps to look into is something that helps you save money. Various companies are focusing on helping you put money into your savings account. You can set these platforms to transfer a certain amount of money over based on your balance or incoming payments. If you’re having trouble saving money, look into applications that help you allocate funds into a different account. Even if you are just saving change every week, over time it will add up. Not only can you automatically transfer money to your other account, but it’s also possible to analyze how much you can save each payment period.
Budgeting Apps
If you’re not able to save money and instead want to focus on your overall budget, there are plenty of apps that can help you. Allocating funds for certain purposes is never easy, but it can be a whole lot clearer using an app that breaks up your income and divides it into specific bills and expenses. Making a pie chart out of your weekly, bi-weekly, monthly, or annual income can provide insight that you never knew you needed. Budgeting apps easily provide clear percentages and totals for various expenses and incomes. Whatever you do for work, using a budgeting app can be a great way to keep extra money in your pocket while paying all of your bills.
Insurance Apps
Other apps you can use to better your financial situation come from insurance companies. These platforms can help you determine your premium, co-payments, and more. Depending on the app, you can find better insurance prices you are already paying for. You can also access a quote for policies you don’t already have. There are plenty of calculators for insurance costs. Some even offer a life insurance calculator, which shows you life insurance options based on what the company thinks about your health and life expectancy. Whether it’s life insurance, car insurance, homeowners insurance, or another form of the business, these company’s apps can help you find the right price and the right coverage.
Investing Apps
When money isn’t a problem for you and you want to make more of it, you should take a look into investing apps. Apps like Robinhood show the average person where to invest. Others offer hard numbers based on the stock market. It doesn’t matter where you want to put your investments. When you are thinking about putting money into something you should use all the tools at your disposal. Investing is a complex field. Whether you’re an expert or a novice, you should use all the resources necessary to make profits on your investments.
Mobile Wallet Apps
Not only do mobile wallets enable you to pay with just your phone, but many of them also give you better access to financial details. This will help you keep more money in your bank accounts. They also provide avenues for borrowing from lenders. While half of consumers think mobile wallets are unsafe according to the credit bureau Experian, this isn’t the case. Mobile wallets are just as safe as your debit card. There are plenty of security measures to keep you and your financial information safe from malevolent actors.
Fin-tech is a growing business that won’t go away anytime soon. The ways that technology can facilitate business, investment, personal finance, and the economy at large are multifaceted. Whether you’re in the financial world or simply want to save more money, there is no reason not to be using financial apps. With so many resources at your fingertips, there is surely something you are missing out on. Whether it’s information or the ability to effectively save, financial apps are a force to be reckoned with. Look into these and many others today.
