There are a lot of tools that can help you manage your money better. When it comes to personal finance, there are new apps being created every day to help you get your money right. A lot of these apps are simple to use and as soon as you put in your information, they take care of the rest. You can save a lot of time by using these tools to help you manage your money.
Mint
Mint is probably one of the most well-known and complete personal finance tools out there. Their product has plenty of features that can offer a lot of help with your money. Their best tool allows you to track all of your bank accounts in one place. They connect with most banks, loan companies, and investment firms to give you a holistic snapshot of your finances. You can even add some of your assets, like your home or car, to see what your net worth is.
Mint also allows you to create a budget and come up with financial goals. You can create a budget based on various categories and Mint will automatically track your purchases and put them in the proper category. When you get over budget, it will also send you a notification. It also makes sure that your budget is less than the amount you make each month, so you aren't overspending.
You can even track your upcoming bills. When you connect your accounts, it will track when a statement comes up for it and remind you that it's due soon. You can also manually add bills, like insurance payments, to track as well. The tool has a lot of capabilities that you can test out for yourself.
Credit Sesame
Credit Sesame is a tool that helps you keep your credit on track. They will monitor your credit score and give you a report card based on some of the most important factors. Then they give you a game plan on how to improve your credit score. The app will personalize their strategy to match your credit score and goals.
On top of credit monitoring, it will also suggest loans and credit cards that you may qualify for, based on your credit score. It will also compare credit you're eligible for to your current credit to see if you're overpaying and can save some cash.
Credit Sesame also offers identity theft protection and credit monitoring and alerts, so if something goes wrong, they have your back. They offer $50,000 in identity theft insurance FOR FREE. In fact, all of these tools are 100% free.
Bonus tool to help you manage your money: Acorns
Acorns makes investing accessible to anyone. With as few as $5, you can start making your money work for you. They also let you set your risk tolerance, so you can choose if you want to be conservative or take a little risk.
The key feature of Acorns is how they allow you to invest. You can make a one-time payment, set a recurring payment, or use round ups. The round-ups are a unique feature that takes the amount of your last payment and rounds up to the nearest dollar. The difference between your purchase and the next dollar is the amount they invest. So say you spend $5.70 somewhere. Acorns will invest $0.30 for you, making the total purchase $6.00.
Acorns also has a debit card that you can use through a checking account with them. The payments you make with this will allow you to automatically save and invest through their platform. It's also linked to their deals, so if you shop at certain places, you will get extra investments from that company. This is basically like getting free money.
There are a lot of personal finance tools out there to meet any need you may have. They can help make your life easier and fix your personal finances. It's worth looking into these tools and seeing how they make finances less stressful for you. If student loans are stressing you out, you should check out Defynance. They can refinance your student loans with an income share agreement, making your finances simpler.
