11 financial experts reveal their favorite money apps – Finance

  • Money Apps can be useful tools for saving, budgeting and investing your money.
  • Of course, some applications may work better for you than others.
  • Here 11 financial experts reveal their favorite cash applications,

There are many ways manage your moneyand money management applications are one of the effective ways to do this.

"One of the smartest strategies for salvation is the use of support., "Krista Neely, Managing Vice President Financial assessment, a retirement services company, reported Business Insider via email. "Many applications will help you strengthen savings habits through automatic deductions, budgets, organization of receipts and tracking the growth of the market – and they will even send you financial reminders and / or updates on your accounts. ”

The best of these applications may be similar to what your own financial planner is at your fingertips.

Here Neely and 10 more financial experts are sharing their favorite ones. cash applications (responses were compressed and edited for clarity):

1. Mint

My favorite money related app mintsince everyone can benefit from where their money is spent. Too often, people do not know how much they spend and where they go, which can have a big impact on long-term planning.

Measurement is the first step to management. This app helps some of my clients know where they are, so we can help them get to where they want to go.

Joshua Mungavin, CFP and General Manager Evensky & Katz / Foldes Financial

2. Acorns


2. Acorns
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2. Acorns

(Acorns)

Acorns This is my favorite application for money, because it makes it easy and cheap to make small attachmentsThis is a great muscle builder to create a money-taking habit.

Since my wife and I started using it, we saw a total profit of more than 12%. There is no excuse not to start when you can invest as little as $ 5 to get started.

Lance beaudry, blogger in Budget Ninja Blog

3. Zelle


3. Zelle
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3. Zelle

(Zelle / Business Insider)

Nowadays, less people carry cash, including me. Do I owe money to someone, or do they owe me, I think money transfer applications are incredibly useful. For example, Zelle allows you to quickly, securely and easily send money from one bank account in the United States to another, usually within a few minutes when both parties are credited.

This is much more convenient than trying to find an ATM (and possibly pay for an ATM), or send a check. You can also request money from people, having made an awkward moment, asking someone to pay you.

Andrea Vurochconsumer expert

4. Qapital


4. Qapital
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4. Qapital

(Qapital)

My favorite application to save money QapitalI like it because it automates to save money for me. I set it up to round off my purchases to the next dollar, and then he transfers the money to a savings account.

I forgot that it saves me money, and then when I sign up for my account, I am amazed at how much I saved. It does to save money Easy: you spend five minutes setting it up, and it does all the work.

– John Doolin, personal finance author and owner CompoundingPennies

5. Improvement


5. Improvement
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5. Improvement

(Improved)

One of my favorite apps for money is improvementwhich allows you to see the full picture of your finances. This allows you to link your financial accounts, including bank accounts, as well as loans and liabilities, so that you can calculate your own capital in real time and track the progress of savings.

The application also uses its own investment algorithm to automatically use your money, investing in stocks, bonds, and other securities automatically, if you want. This “roboadvisor” will automatically rebalance your portfolio and make complex investments accessible even to people with little financial experience.

– Logan Abbott, President Wirefly, cell phone plan and smartphone comparison site

6. Reese

I like Reese app because it saves money without effort. You can create multiple savings goals and set aside a certain amount to your goals every week. Rize also allows you to save money by increasing the rate of 1% every month – this gradual process helps you save more money without even realizing it.

And, of course, you can also make one-time savings deposits when you have extra funds. At first, this may not seem like much, but here $ 2 and $ 5 are starting to take shape. Most people do not understand that they have extra money that they can save.

I started playing with this application as an experiment, and after a month and a half I realized that I had over 150 dollars in my Rize savings. It is clear that I missed some opportunities for salvation.

– Megan Robinson, commercial and personal finance writer in Dollarprout

7. TransferWise


7. TransferWise
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7. TransferWise

(Transferwise)

TransferWise This is my application for sending and receiving money abroad. Their fees are much lower than most banks, and they exchange currency in real time or “Google rate”, which is the best indicator you can get.

Chad Tennant, financial blogger and author

8. YNAB


8. YNAB
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8. YNAB

(You need a budget / business insider)

my favorite app for money YNAB (You need a budget), which is an online tool that I recommend to my clients. It’s not just software, it’s also a shared system that allows you to keep track of expenses proactively and help customers get to where they want to be at the end of the month (instead of telling them where they are overrun). It is also well suited for couples who want to coordinate expenses.

– Mika Porter, President and CEO Minerva Planning Group

9. Figures


9. Figures
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9. Figures

(Numeral)

numeral This is a great tool for saving a trip or something interesting that is several months – you will be surprised at how much you can save in small increments.

You can still have dinner and enjoy life, but maybe just remind yourself that popcorn in the amount of $ 10 or dessert for $ 8, when dinner will be better on your bank account, and not on your stomach.

– Krista Neely, Managing Vice President Financial assessment, retirement services company

10. Robinism


10. Robinism
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10. Robinism

(Robin Hood)

My favorite app for money Robin HoodI like it because there is no minimum account to start investing, and also no transaction fees. Eliminating these fees is revolutionary, allowing lower income people to use the incredible wealth creation tool that is the stock market.

– Farid Raja, digital marketing director Jack Welch Institute of Management

11. Simple


11. Simple
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11. Simple

(Just)

My favorite application for saving money is definitely just, Of all the applications I've tried, it is easiest to create savings targets and stick to them. Simple automatically takes money from your “safe to spend” (the amount you can spend while still achieving your goals) to keep you updated on what you saved.

If you have another other, you can even start a general account and have common savings goals for things like big purchases or holidays. I set up an automatic withdrawal from my simple account – it automatically loads everything into the buckets for me, and I never have to worry about whether I am saving enough or not.

– Austin Grant, founder Financial instrument

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