15 Money saving Apps you should check out!Submitted by Farrall Wealth on June 17th, 2019
Don’t know where to start making changes that will save you money? Here are some apps that are designed to help you make better decisions about your professional and personal finances:
Chime is an Android and iOS mobile banking app. It includes a spending account and debit card that is FDIC-insured so you can safely deposit funds, see transactions instantly and track spending on the go.
Digit does the thinking and acting on saving money for you. It may even do a better job plus it takes the effort off your shoulders. This app looks at your current income and expenditures. It then calculates what you can save and puts that amount aside in an FDIC-insured Digit account.
3. Clarity Money
Clarity Money clarifies wise spending from wasteful spending. The free app does this by cancelling subscriptions you are not using or just don't need. It also looks for ways to negotiate your bills down to a lower rate.
Adds a learning component to the idea of saving money. It provides lessons on goal-setting and the value of even small amounts going toward achieving a much larger goal. Each purchase you make is typically an uneven amount.
Mint helps you stay on top of your bills so you aren't late and end up costing yourself more money than you need to spend on late fees and penalties. This money-saving app also helps you develop a budget to ensure you maximize what you can do with your money and allocate money for savings, an emergency fund, and retirement while covering all your other obligations.
Acorns rounds up your purchases on the credit and debit cards you link to the app. The difference is automatically transferred to an Acorns account. This account is part of Acorns' investing platform. Your money savings are then invested in exchange-traded funds. You get the option to invest in conservative or aggressive funds based on what you feel comfortable doing.
7. You Need a Budget
You Need a Budget is an app that helps you create an easy-to-use budget interface that teaches you more about the value of money.
Wallaby helps you think more intelligently about credit cards and how to get the most out of them rather than them taking away your money. With a mobile device app, browser extension, website and wearable device app, you can stay on top of what credit cards you should get, how to use them, and how to maximize any of the rewards that come with the credit cards you use.
Honey takes the hassle out of looking for coupon codes that will save you money. Working as a browser extension on all of your devices, Honey is always working to uncover those sweet deals you need to spend less on anything you buy online.
Scoutmob is available as an iOS and Android app, offering local and regional deals for some major cities across the country. The company continues to expand beyond the major U.S. urban hubs to deliver discounts at many local stores, restaurants and events venues.
Viggle is a way to actually make money while you spend time on the sofa in front of the television. This clever app lets you check in to a show that you are watching and then earn points for watching it.
FeeX knows that a lot of people lose considerable money because they don't regularly monitor their brokerage fees that comes with having an investment portfolio and broker to manage it.
13. Military Cost Cutters
Military Cost Cutters realize that you still need to save money even if much of a military move is covered. Owned by veterans turned entrepreneurs, the app provides access to discounts and military-friendly businesses. When you have to move as much as military families do, this app is worth its weight in gold.
HoneyFi is a free money-saving app that helps couples work together to make the most of their money. Since couples tend to argue the most about money and how it should be spent, it makes sense that an app that was developed to take the animosity out of finances.
Trim is a money-saving app that works like your very own personal financial assistant. You can link all your accounts securely so the app can analyze each transaction and suggest areas to cut back like subscriptions or all those trips to the coffee shop.
Many of the apps offer incremental changes that add up to large savings over time. Plus, these apps help change your mindset about money and provide valuable ongoing lessons about fiscal wellness that can keep you out of debt and on the road to saving more money for today and tomorrow.
Source: Renzo Costarella https://www.entrepreneur.com/article/306015
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
Greg Farrall is a registered financial advisor with LPL Financial. He can be reached on his website www.farrallwealth.com
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. Investing in exchange-traded funds involves risk, including possible loss of principal. LPL Financial is not affiliated with and does not endorse, authorize or sponsor any of the listed entities.