While technology is advancing, people are adapting to the ever-changing environment of available tools that help them complete daily tasks. One of the most challenging aspects of our lives is managing our finances. Bills, expenses, and financial responsibilities can stack up and become overwhelming — that is why developers introduce apps to help you manage every money-related issue.
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Notably, many people have taken an interest in fintech apps and robo-advisors creating shadow financial lives. It helps them save their money with banking apps like Digit, invest and even make extra cash with the Honeygain app. The best part is that these fintech companies have mobile apps for the convenience of their customers. Here is a list of the best mobile apps to manage your finances.
1. Robinhood
If you are interested in stock trading, you might want to try Robinhood. While the stock market can be a mystery to many people, apps like Robinhood simplify it to make it accessible to everyone. It is an app that allows you to buy and sell various stocks, ETFs, and cryptocurrencies without commissions. The app makes trading stocks and other assets easy for beginners and does not involve high risks. People can make multiple trades and try out their best strategies with no commission fees.
Robinhood has an experience that makes it fun to interact with and expands your knowledge of trading. There is a leaderboard for top traders and achievements that you can share with friends on the app. Also, Robinhood has a premium membership that allows you to access after-hours trading and more features for a monthly fee. It is similar to Duolingo in some sense, except that instead of learning a language, you are learning to trade!
2. Acorns
The rise of micro-investing platforms produced one of the most popular apps, Acorns. Micro-investing apps help people to invest small amounts of money without risking significant capital — it is the perfect platform for beginner investors and people who want to save money. Acorns can round up your purchases to the nearest dollar and invest that difference in ETFs, giving you a diversified portfolio.
There is an option to see your recurring investments as well as one-time trades with an easy-to-navigate interface. Additionally, the app has educational resources for its users to further their understanding of different investment options, tips for managing their personal finance, and more. It provides great answers to the most common questions beginners have when investing, especially regarding different ETFs and funds.
3. Honeygain
With the advancement of technology, we can now make small amounts of money with a few clicks. Such category hosts passive income apps, with the most prominent being Honeygain. Once you download the app and sign up, you will start earning money by sharing your Internet connection with Honeygain. The app should be open on your computer or phone to gather traffic, and you can cash out after you hit the $20 threshold.
Companies need your supplied Internet connection for various operations that require large amounts of public data like price comparison, ad verification, and more. You will get $3 for every 10GB shared, and there are several ways to boost your earnings. Honeygain offers a referral program that will give you +10%, equal to your referral’s daily earnings and weekly contests.
4. Digit
As the world of personal finance shifts into the digital space, apps like Digit help you save money with special algorithms. The app is designed to analyze your account, including income and expenses, so you can automatically transfer small amounts of money every day. It consists of algorithms that help you determine how much money you can afford to save each day. With automation features, you will not need to worry about transferring money into your savings account — Digit will do it for you.
Additionally, the app lets users know about their spending habits by analyzing their transactions. Moreover, you can set saving goals for a period of time and develop a fund for unexpected expenses or emergencies. Digit offers a free trial to help you determine whether it is the right fit for you.
5. Chime
If you are looking for a mobile banking app, Chime can be a great solution. It offers a checking account, a savings account, and a debit card for your needs. Chime is a fully online banking company that allows you to make deposits, transactions, transfers, and even withdrawals from ATMs. It is valid mainly in the US, and you can withdraw money without fees.
Also, Chime can substitute a savings app with its automatic savings feature that allows you to round up your purchase and get the difference paid to your account. You can set a savings goal to make it easier. While you will be unable to visit a physical branch of this bank, you have access to Chime’s diligent support team.
Conclusion
With the growing number of fintech companies, people are bound to choose its services for better accessibility and convenience. Approximately 73% of smartphone users use some type of app to help them with their financial plans, spending habits, and savings goal. Today is an excellent time to get on board with some of the best mobile apps to manage your finances. Try out apps like Chime or Honeygain and make your financial dreams a reality.
