7 Money Management Apps That Will Help You Achieve Your Financial Goals
Start writing a post

7 Money Management Apps That Will Help You Achieve Your Financial Goals

These apps will help you save, invest and manage your money.

7 Money Management Apps That Will Help You Achieve Your Financial Goals
William Hook/Unsplash

Adulting is hard. So is saving money or figuring out how much pizza you can really afford. If you have a difficult time managing your money, this post is for you.

Working for a personal finance site, I’ve learned a lot about how to be responsible with money. The best part about this is that it’s actually pretty easy, as long as you have the right tools. I realize other people my age don’t always have this knowledge, and instead are left wondering how to keep track of their finances or how it’s even possible to find the money to save for a vacation.

Don’t worry, the apps I’m about to talk about will help you save money, teach you how to invest and keep track of your budget.

1. Qapital

The rest of this list is in no particular order, but Qapital is my all time favorite savings app, and it’s completely free! This app saves money in small amounts and transfers it to your Qapital savings account -- you seriously don’t even notice the money leaving your bank account.

Once you sign up, you’re prompted to create “savings goals.” This could be a $1,000 emergency fund or $3,000 for a trip to Europe. After creating a goal, you set certain savings rules. The most common one is the round-up rule, which rounds up all your purchases.

For example, if you buy coffee for $2.30, Qapital rounds that up to $3 and deposits 70 cents in your savings account. These micro-savings add up quickly.

You could also set it to save a certain amount each time you spend money somewhere. I have it save $10 every time I shop at Target, my guilty pleasure.

In just a few months, I’ve saved over $500 without even trying.

2. Digit

Digit is another savings app that helps you build up a savings account without even noticing.

This app has a fancy algorithm that determines what you can afford to save each day and transfers that amount into a savings account. It analyzes your spending habits and income -- some days it might save $50, and others it won’t save anything. And yes, it has a no-overdraft guarantee.

There is a $2.99 monthly fee, but one of my coworkers tried Digit and saved $4,300 in two years. I’d say it’s worth it.

3. Acorns

Acorns one of the most popular micro-investment apps on the market. If you’ve never heard of micro-investment, here’s a quick breakdown: instead of purchasing an entire share of stock, which can be expensive, you’re purchasing a basket of portions of different stocks called an Exchange Traded Fund, or ETF.

Acorns also uses the round-up rule Qapital uses. It rounds up your purchases, then automatically invests them in ETFs. It’s pretty much just investing your spare change. This is different from a regular savings app because you’ll actually own portions of stock, and you could see some interest from it. For just a $1 monthly fee, you get to call yourself an investor!

You won’t get rich investing with Acorns, but it’s a great way to start investing and build your portfolio. Plus, everything with Acorns is automatic so you don’t have to think about how much to save or what to invest in.

4. Stash

Stash is another micro-investment app, but it’s a bit different than Acorns. One difference is that it doesn’t round up your purchases. Instead, you choose a fixed amount to deposit weekly or monthly. This amount can be as little as $5.

The biggest distinction with Stash, which is what I personally love about it, is that you get to choose which ETFs you invest in. They’re grouped by causes like green energy, businesses that support LGBTQ rights or companies with women leaders.

The personalization of Stash is appealing to me, since I’m someone who likes to have a bit more control over where my money goes.

5. Credit Sesame

Knowing your credit score, and what goes into it, is super important. If you don’t check your credit score regularly, Credit Sesame is here to help.

Download the Credit Sesame app to see your credit score, how you’re doing on each credit factor and your borrowing potential. Maintaining a good credit score means you won’t have to lean on co-signers, and is a crucial step in financial independence.

This app will also send you real-time alerts about your identity and credit, this way you’ll be the first one to know about any fraudulent credit applications -- a fear that’s all too real after that huge Equifax breach last year.

6. Trim

Trim is a serious life saver. It can negotiate your bills, tell you how much you spent at Starbucks last month and even shows you what subscriptions you pay for and cancels any you don’t want.

You communicate with Trim via Facebook Messenger, and it could seriously help you manage your budget. If looking at bar graphs of what you spent last month or combing through your bank statement doesn’t appeal to you, simply ask Trim how much you spent on X last month, and get an immediate answer.

Trim is like the fancy financial advisor we all wish we had, but without the judgement. It doesn’t care if you spent $100 at Chipotle last month, it’s just here to tell you the facts and let you figure out your budget on your own.

7. Mint

Mint is an all-in-one budgeting app that covers everything from creating a budget to managing your credit score.

If you want to break down your spending and create a budget, Mint is for you. It keeps track of all aspects of your financial portfolio and provides you with clean, easy to understand graphics. You can even set up automatic bill pay through the app.

Hopefully these apps can help you save and manage your money a little better this year. I know a few of these have helped me feel financially savvy, which ones will you choose?

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.

A Beginner's Wine Appreciation Course

While I most certainly do not know everything, I feel like I know more than the average 21-year-old about vino, so I wrote this beginner's wine appreciate course to help YOU navigate the wine world and drink like a pro.

White wine being poured into a glass

Keep Reading...Show less
Types of ice cream

Who doesn't love ice cream? People from all over the world enjoy the frozen dessert, but different countries have their own twists on the classic treat.

Keep Reading...Show less
Student Life

100 Reasons to Choose Happiness

Happy Moments to Brighten Your Day!

A man with a white beard and mustache wearing a hat

As any other person on this planet, it sometimes can be hard to find the good in things. However, as I have always tried my hardest to find happiness in any and every moment and just generally always try to find the best in every situation, I have realized that your own happiness is much more important than people often think. Finding the good in any situation can help you to find happiness in some of the simplest and unexpected places.

Keep Reading...Show less

Remember The True Meaning of Christmas

“Where are you Christmas? Why can’t I find you?”

A painting of the virgin Mary, the baby Jesus, and the wise men

It’s everyone’s favorite time of year. Christmastime is a celebration, but have we forgotten what we are supposed to be celebrating? There is a reason the holiday is called Christmas. Not presentmas. Not Santamas. Not Swiftmas. Christmas.

boy standing in front of man wearing santa claus costume Photo by __ drz __ on Unsplash

What many people forget is that there is no Christmas without Christ. Not only is this a time to spend with your family and loved ones, it is a time to reflect on the blessings we have gotten from Jesus. After all, it is His birthday.

Keep Reading...Show less
Golden retriever sat on the sand with ocean in the background
Photo by Justin Aikin on Unsplash

Anyone who knows me knows how much I adore my dog. I am constantly talking about my love for her. I attribute many of my dog's amazing qualities to her breed. She is a purebred Golden Retriever, and because of this I am a self-proclaimed expert on why these are the best pets a family could have. Here are 11 reasons why Goldens are the undisputed best dog breed in the world.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments