Being from the 21st century and a part of the millennial era, virtually everything is going mobile. Whether it’s getting a lift on the countless ride sharing apps like Uber, making a late night dinner reservation or ordering lunch to be delivered straight to your door, and even booking a last minute hotel room on a spontaneous weekend trip, it’s all done with the touch of a finger on your smartphone. Having your finances and banking readily available is one of the best ways to keep on top of your money. As of recently, there are countless apps and platforms available that allow you to track your spending, banking, stock trading, and investments. Read on to discover five of the best apps available right now that will help you keep track of your funds, and will even help grow your wealth.
BankMobile is known as the largest and also the fastest growing digital banks in the country that offers zero interest fees for students, zero ATM fees, zero overdraft fees, and also provides financial freedom to consumers by eliminating branches. This app is largely used by Millennials, the underbanked, and middle income Americans, providing them an affordable and effortless banking experience. So many features on the BankMobile app make banking completely stress free. If you misplace your debit card, you can easily switch off your card in order to protect against unauthorized use with just the tap of a finger. EasyDeposit Mobile Check Capture allows you to take photos of checks to instantly deposit them into your account. In addition, transferring money, paying bills, and viewing recent transactions is all available right in your palm. The BankMobile app allows you to do more than any banking apps on the market, which makes it one of the best tools to track finances.
Robinhood is a commission free stock trading app that blew up practically overnight. The app was created by Vlad Tenev and Baiju Bhatt, who are making investing easy and foolproof for Millennials. A staggering 10,000 people signed up for the waitlist on the release day alone, and almost 1,000,000 in the first year. The app allows you to trade stocks with zero broker fees and also no minimum deposit to register an account, which is why Millennials love it. Accounts such as Netflix, Amazon, General Electric, Microsoft, and also Facebook are available to buy and trade shares of. The app itself has brought in more than 30 billion dollars of investment trading all while providing a fantastic way to explore investing without the hidden costs that will allow you to start growing your wealth.
Most people will say that if you want to save money, you need to cut back on the little things such as your morning coffee from Starbucks, that expensive breakfast sandwich from the bodega on the corner, or any other inessential indulgent you think you might need, but in reality, don’t. Acorns tells you the exact opposite and encourages you to keep swiping your card. Investing originally was made for the wealthy, but with the help of Acorns, investing is now made for everyone. This investing app, which works by influencing you to invest your spare change, uses every purchase you make to become an opportunity for your future. The app gathers purchases from your debit and credit cards and moves it into an investment portfolio via computer. For example, if you buy a coffee for $2.75, Acorns will automatically deduct an additional $.25 into your Acorns account. It is a perfect app for college students who do not have an earned income yet and are trying to save money, as it is free for students with a valid university email. Over time, you will watch your portfolio grow, without even noticing it coming from your bank account.
Chances are you have signed up for a free trial to Hulu or Netflix, thinking that you will cancel it after your free month, but ultimately you end up forgetting. Clarity is an app that cancels those pesky subscription services that you don’t use, and don’t realize you are paying for them. In addition to that, Clarity can even lower your bills by taking advantage of discounts and coupons you didn’t even know existed. The app also makes it easy to budget your finances for the month, set up a savings account, and even suggest credit cards to you by analyzing your spending habits. All around, Clarity checks all the boxes.
Even is a super simple, no frills way to digitally track your finances and keep a hold on your budget. All you have to do is link your accounts, and the rest is that easy. You can plan ahead for upcoming bills, set savings goals, and make sure all of your accounts are good to go. With an app like this, budgeting your finances is a no brainer. Getting control of your finances and starting to invest for your future does not have to be a daunting task. Take advantage of the tools that surround you, and watch your bank account grow, all while learning how to make smart choices.