Generally speaking, Millennials are known for having a pretty rocky and unstable relationship with their money-related affairs that seem to be marked by debt and overdrawn accounts. Fortunately, the overall financial scenario is witnessing the emergence and growing popularity of Fintech startups and solutions. The younger generation is keen on availing digital or advanced technological solutions to manage their finances and stay away from the debt trap. These advanced digitalized solutions have taken the complications and intricacies out of your personal finance matters and have made money far more accessible.
Millennials wish to be more involved in their everyday personal finance management and they feel that they are qualified and proficient enough to tackle their financial issues. They would like to have easy access to a clear picture of their overall financial situation at all times. Hence, quite naturally, startups have come up across the globe trying to cater to their demand in some way or the other. Mobile apps have gained phenomenal popularity and apps like LearnVest and Mint meant for tracking your savings and expenses, Stash and Acorns for the purpose of micro-investing, and even Venmo and PayPal for the purpose of transferring funds along with efficient mobile banking options provided by traditional banks has been successful in bringing us really close to our finances. Today, you have access to a host of competent money-management or budgeting apps that help you keep track of your finances including your debts and expenses.
We understand that learning to effectively handle and manage money seems to be a mandatory life skill and the market is today flooded with advanced money-management apps that offer free financial services or information. You could now learn the basics of finance, ways to effectively handle debts, mortgages, budgets, investing, insurance, etc. Take a look at some of the top money-management or personal finance applications that help you succeed and sustain in this highly competitive world. Moreover, you could seek expert solutions from reputed organizations such as NationaldebtRelief.com for perfect debt associated solutions.
Mint.com
Mint is supposed to be a brilliant personal finance tool that has won immense popularity and is frequently being used by people who are keen on keeping track of their personal finances. Mint is an exceptional app that comes free and it is pretty helpful in maintaining your set budget through constant notifications the moment you hit a specific monthly budget. It assists you in forming new financial habits and maintaining existing good financial habits. It is simply the superlative app for getting a comprehensive picture of your overall financial health.
Mint is the most renowned app that allows its users to set up budgets and go on tracking bills and receiving current credit scores for free. The highlight of Mint is its amazing budgeting feature. Mint facilitates the linking of your credit card accounts, loan, and bank account. It would then be using valuable information and data from all these accounts for recommending appropriate budgets for you depending primarily on your spending, then categorizing them into headings such as ‘Food & Dining’, or ‘Entertainment’, or ‘Shopping’. The most striking feature of this amazing application is that you could now see the precise amount you could save by reducing your expenses in a certain category.
Robinhood App
The Robinhood app is supposed to be a fairly straightforward brokerage service app that has been strategically designed especially for mobile phones which are offering free trading and are essentially geared towards budding investors. This app is great for making stick investment easy and uncomplicated for the millennials. Profit seems to come from basically the accumulated interests of the still-not-invested cash balances of its users or clients.
When smartphone owners access the Robinhood app for investment, they would be welcomed with a host of sparkling touches such as the confetti bursts for celebrating transactions, the list containing popular stocks for trading, and the Bitcoin price in neon pink. Robinhood App claims that it is essentially a disruptive force acting on the online brokerage world and was introduced to the public way back in 2014 as an effective mobile application for Apple tablets and smartphones. Robinhood’s striking feature was allowing clients to purchase and sell ETFs and stocks without having to pay any commission. We understand that clients from across 19 states could be trading the six major cryptocurrencies that are available including Ethereum, Bitcoin, and Dogecoin. You could access valuable real-time data for ten more cryptocurrencies, like Dash, Stellar, and Ripple via the Robinhood app or website. Millions of people were fascinated by Robinhood and they opened accounts and even placed trades. Present customers would be notified when cryptocurrency trading is made available for their Robinhood app account. We understand that you would have to pay $10 for every transaction that is made on your phone with the help of any live broker. Moreover, they are helpful in certain foreign stock transactions just for $35-$50.
Golden
Golden is supposed to be the personal finance app for individuals over 50. Now you could be using two stunning apps for effectively managing your parents’ money. As per experts at https://www.forbes.com, two brilliant apps that could be used by individuals aged over 50 are Golden and SMRTSVR. Golden is primarily an effective money management app for family caregivers while SMRTSVR proves to provide tax-paying assistance to gig economy workers. Golden helps in the effective financial management of senior parents. It helps in guiding you along the right path for securing your parents’ financial health and safeguarding your inheritance. Golden would help in constantly monitoring your parents’ finances, setting up an effective bill-paying calendar, recommending effective ways of eliminating undesirable expenses. This helps to keep defaults and debts at bay. Moreover, the app is great for identifying potential financial frauds, as well as, potential government benefits.
Albert
Are you looking for an application that would be taking away the complicated math out of the entire budgeting exercise? Albert would be the right app for you. Once you successfully connect the app directly to your bank accounts, Albert would be analyzing your spending or expenses, your income, your precise budget, and your overall financial condition. Albert would be using proprietary algorithms for deciding the exact amount you could be saving every month. It would then transfer that amount automatically into Albert savings that would be living in the app directly.
Conclusion
Technology comes up with an opportunity to effectively understand your finances and boost your money management skills. Identify the perfect money management app for complementing your style and see how your financial situation improves with time.