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Personal finance is an integral component of all our lives. It’s becoming increasingly popular for individuals to maintain control over their personal finances through the use of all the incredible technology available today.
With the continual advancement of technology, reliance on personal finance managers is becoming less prolific.
I myself fall into this category, consistently using four or more apps to manage my finances and track my expenditures.
I’ve compiled a list, in my experience, of the best financial apps available on the market. Even better, all of these apps’ basic services are free.
Whether you want to open a brokerage account or retirement account, there are plenty of phenomenal investing apps that allow you to get your feet wet in the stock market with very little effort or requirements.
Oh, and you can often buy crypto too now on many of these platforms.
Fidelity is my personal favorite. Fidelity is an online brokerage that allows you to purchase stocks, bonds, ETFs, index funds, and even crypto funds. Fidelity offers a wide variety of investment strategies and options, often with low capital requirements (minimums to invest).
They offer a very friendly and straightforward user interface, with an abundance of financial and investment resources to help you understand your investments and make more educated decisions.
Other great options in this category include TD Ameritrade, Vanguard, and Charles Schwab. Acorns is another fantastic option for beginner level investing that automates your investments and allows you to reinvest spare change on any transaction you make.
While these are all great options, my advice is to thoroughly research each company and app to find the right one for you. Having invested with a few of these selections, transferring funds between these companies can be troublesome and intricate.
Find your golden egg and stick to it.
Firstly, you should all have your mobile banking app downloaded and available for frequent use. Wells Fargo and Chase are two of the more common banks, but most large, modern financial institutions have mobile banking available.
Many of these apps allow you to track credit scores, spending habits, recurring subscriptions, among other great benefits. Use them all to your advantage.
Another great option to track your spending habits is NerdWallet. NerdWallet offers a variety of services, but I primarily use it to track my cash flow (the money flowing into and out of my bank account), as well as my net worth.
NerdWallet securely connects to the vast majority of bank accounts, investment accounts, and even crypto accounts. You can use NerdWallet to connect to any of the aforementioned investment apps to help centralize your investments with your general expenditures.
Mint is another solid option. One of Intuit’s primary product offerings, Mint provides many similar services to NerdWallet. I would highly recommend using either of these to track your monthly expenditures, cash flows, and net worth. Knowing the more technical details of your personal finances (like cash flow) is extremely important in cultivating financial freedom.
These are all apps that offer unique services and make you all the more knowledgeable in managing your personal finances.
Truebill is a very popular and somewhat new subscription tracking app that allows you to manage all your subscriptions from a centralized platform.
I can almost guarantee you’ve paid for a month or two of a subscription you no longer use. I know I have.
Truebill provides crystal clear transparency, allowing you to manage and cancel any recurring subscriptions. A simple and reliable way to shave unnecessary spending from your personal finances.
Experian is one of the most reliable and accurate credit score reporting companies. They offer up to date credit reports that don’t negatively impact your credit score if you want to research your current score.
You can also check your score through Fico, as most credit reporting agencies use FICO as the primary barometer of accuracy in your credit score. Either way, you should always know your credit score and be looking to improve it.
Coinbase, Crypto.com, and FTX are arguably the three most popular cryptocurrency exchanges. While crypto isn’t for everyone, these platforms are extremely user friendly and allow you to invest in crypto with as little as $1.
I personally use Kraken because they offer lower transaction fees. Before investing, I would highly suggest you research each of these companies and offerings.
While they are all great options, there are many subtle nuances to cryptocurrencies, transaction fees being one of them, so make sure you are well educated before you proceed.
This list includes my main personal finance apps I take advantage of to be the most knowledgeable investor, spender, saver, and financial manager I can be.
There are an unimaginable number of financial apps that are built to make you a better manager of your personal finances. Do your research, but utilize all these great tools, analytics, and trackers that are out there to help control your finances.