So, you might have student debt or want to get your finances straight before getting that brand-new car. Whatever the problem you face, there is always a solution as long as you are willing to be disciplined regarding finances. Here are the top tech apps to control your finances and meet your goal.
Rocket Money (Financial managing/budgeting)
This app will track all your spending habits when managing your finances. This app allows you to cancel unwanted subscriptions, determine your net worth, and lower your bills. Yes, this app can even negotiate with your provider for the best deals. Use this app as a tool to take control of your finances.
Acorn (Conservative investing app)
Compound interest! Compound interest! Compound interest! If you have not heard of this app, it essentially rounds up any purchase made from a linked account, debit, or credit card to the next dollar. Then they invest that money when they add up to at least $5 from all linked accounts. This is where the compound interest comes in and is meant to be a long-term investment strategy. Know that Acorns offers a range of investment portfolios, including a conservative portfolio, an aggressive portfolio, and portfolios tailored to specific life goals, such as retirement. Acorns has a young user base, with most of its users being under 40. The app has successfully attracted younger generations who are new to investing.
Crypto.com
Don’t be an old head. We have all heard about Crypto and why you should invest digital money. Here is what you need to know about Cryptocurrency. Regular or centralized authority secures paper currency. Cryptocurrency is secured by cryptography, which makes it very hard to counterfeit. To put this into retrospect, paper money is not worth anything but the government that backs it, and crypto is backed on a network distributed across many computers. So as long as the human race does not burn down every computer or we can’t produce any more electricity, then this form of currency does not get affected by inflation, government interference, or large banks. This is a new industry, so be cautious of what digital currency you buy, but it is here to stay.
Several factors will likely influence the success of cryptocurrency in the future, so make sure you are aware of its risk.
- Adoption and use – The success of cryptocurrency depends on widespread adoption and use. If more people and businesses start accepting and using cryptocurrencies, they will become more valuable and stable.
- Regulation – Governments and central banks worldwide are still figuring out how to regulate cryptocurrencies. If rules are too restrictive, they may limit the growth and adoption of cryptocurrencies.
- Security – Cryptocurrency exchanges and wallets have been targeted by hackers, leading to significant user losses. The security of these systems must improve for cryptocurrency to be successful.
- Competition – There are now thousands of cryptocurrencies, and new ones are constantly being created. The future success of cryptocurrency will depend on its ability to compete with other digital assets and traditional forms of payment.
Robinhood (Aggressive investing strategy)
What makes this platform so widely used is its usability of it. This app is super easy to navigate, and if you are an avid investor or just starting, this platform makes it easy to understand investing. Of course, you should research before you put money into any stock, but figuring out how to use this app takes less than an hour.
GetUpside
Do you have a car? Does it take gas? Do you want your money back for filling your gas? Well, this app is just that. You will not get rich off this app, but you will make some money for something you have to do anyway.
It is so simple it can be done in just three steps. First, find a gas station that you would like to go to. Second, claim the offer that the gas station is offering. Also, at this point, I assume you linked your credit/debit card already. If you still need to, you should do that before you claim an offer. Third, scan the receipt, but if you go to a gas station enough, it will remember the card you used, and you just need to wait a day or two.
