Five financial apps to grow your hard earned cash
Most of us find the idea of money management intimidating, but allocating time to look after our financial health is imperative. Today we look at facing our financial fears and making clever steps towards building a smarter financial future.
To do this, we've decided to spend a day testing out pretty much every money-management app on the market to finally take control of our finances. Whether you're looking to trim unwanted subscriptions from your monthly budget or save up for a trip abroad, apps are an affordable alternative to finding a financial adviser, which can be pretty pricey.
Digit turns saving money into a mindless task. How it works is really simple: The app observes your spending habits and then automatically moves money from your checking account into you Digit account once it determines what you can afford. Deemed "the automated savings plan we've been waiting for" by Verge, it's a must-download for anyone daydreaming about lying on a beach in Hawaii right now.
iTunes store rating: 4.8 out of 5 stars (with over 15K ratings)
The fine print: After a free trial period, a monthly subscription will set you back $3.
The bottom line: Mint makes it easy to get a complete picture of your finances. The free money management app pulls in info from your bank accounts, credit cards, bills, and investments, making it easy to know where you stand at all times. If just the idea of creating a budget seems intimidating, you need to download this money-saving app stat.
iTunes store rating: 4.7 stars out of 5 (with over 284K ratings)
The bottom line: "Imagine if you could invest in your future without really noticing," reads the bold print on Acorns' website. The easy-to-use app helps you do exactly that by investing your spare change. If you think you don't have enough money to be investing, this is the money-making app for you.
iTunes store rating: 4.7 stars out of 5 (with over 201K ratings)
4. Clarity Money
The bottom line: Like Mint, Clarity Money gives you a complete view of your finances, but in addition to helping you manage your expenses and track your spending, this app will help you do things like cancel that gym membership you haven't been using or find credit cards with rewards that are ideal for your spending habits. If you're serious about managing your spending, this app will be your go-to tool for taking control of your finances.
iTunes store rating: 4.7 out of 5 stars (with over 17.6K ratings)
The bottom line: Empower's mission is to help you understand your money better so you can keep track of where your money goes, pay off your debt, and grow your wealth. If your goal is achieving financial freedom, you need this money-saving app in your life.
iTunes store rating: 4.8 stars out of 5 (with over 2.12K ratings)
They're our top 5 picks but as always if you have any suggestions or recommendations for something we missed, be sure to drop us a line on social.