We’re several weeks into the new year, but it’s never too late to set your personal goals. If you want to be better about your finances in 2018, you don’t have to tackle that goal alone; there are plenty of incredible apps that will help you save money, stay on budget, get out of debt, and spend your earnings more meaningfully.
Below, you’ll find 5 of our favorite money management and budgeting apps. Whether you’re looking to save more money for your long-term goals, protect yourself from fraud, or eliminate your debt, there’s something on this list for you. We hope something you find here helps you achieve your most audacious money goals this year!
Featured by Forbes and Time Magazine as among the best apps in finance, Empower helps you build wealth by paying down debt, improving your credit score, canceling unwanted subscriptions, and keeping track of all your finances in one place. The app also tracks your spending patterns and makes customized suggestions catered to your lifestyle. For a more complete overview of your finances, Empower also allows you to sync any investment and borrower accounts.
This app is a force in the microsavings realm. Simply link your credit and debit card to the app so that it could track your purchases. It rounds those purchases up to the nearest dollar and invests the difference for you into exchange-traded funds. Acorns designs an investment portfolio for you based on the information you provide upon signing up, but there are other portfolios to choose from. It costs $1 per month and .25% of the balance once your portfolio hits $5,000. It’s free for college students.
No list of best apps for saving/managing money is complete without Mint. It claims to take the hassle out of budgeting by creating a personalized budget and auto-categorizing your transactions after you sync your bank account. Just link your account to the app and it does the work for you. Mint also sends you alerts when bills are due and notifies you of any unusual charges. It can also tell you how you can reduce money on bills and monthly fees.
Is that Planet Fitness membership just languishing month after month while you automatically give away $10 that could be used for something else? Then Clarity Money will happily remind you of that. It is a financial ally that helps you cancel wasteful or forgotten subscriptions and alerts you if you are spending more than what you allotted for in your budget. The app also displays how much you’ve spent, keeps track of your monthly income, advises you how to use your credit card responsibly, and tells you the days until your next paycheck. It can also help you discover better credit card deals based on your spending habits and can generate your credit score for free.
For those who want to increase their credit score, the popular Credit Karma app is the best free app that allows consumers to see how high or low their score is without getting a hard credit check and causing damage to the current score. You can also monitor your reports and receive alerts when there are fluctuations. The app also allows you to challenge any errors and offers suggestions on how to increase your score.
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