Managing your finances can be challenging, especially if you have multiple accounts, bills, debts, investments, and goals. Fortunately, there are many apps and tools that can help you simplify and optimize your financial life. Whether you want to track your spending, save more money, invest smarter, or plan for the future, there is an app or tool for you. Here are some of the best financial apps or tools to use in 2023.
Mint is one of the most popular and comprehensive personal finance apps available. It allows you to link all your bank accounts, credit cards, loans, investments, and bills in one place. You can see your net worth, cash flow, budget, credit score, and financial goals at a glance. Mint also provides personalized tips and advice to help you improve your financial habits and achieve your goals. Mint is free to use and compatible with both iOS and Android devices.
YNAB stands for You Need A Budget, and it is a powerful budgeting app that helps you take control of your money. YNAB follows a simple but effective method: give every dollar a job, embrace your true expenses, roll with the punches, and age your money. YNAB helps you plan ahead for your regular and irregular expenses, adjust your budget as needed, and save more money over time. YNAB costs $11.99 per month or $84 per year and offers a 34-day free trial. It works with both iOS and Android devices.
Acorns is an app that helps you invest your spare change automatically. You can link your debit or credit cards to Acorns and choose a round-up amount. Every time you make a purchase, Acorns will round it up to the nearest dollar (or more) and invest the difference in a diversified portfolio of ETFs. You can also set up recurring deposits or one-time transfers to boost your investments. Acorns charges $1 per month for the basic plan and offers higher-tier plans with more features. It is available for both iOS and Android devices.
Personal Capital is an app that helps you manage your wealth and plan for retirement. You can link your bank accounts, credit cards, loans, investments, and retirement accounts to Personal Capital and get a holistic view of your financial situation. You can also use the app’s tools to analyze your portfolio, track your net worth, calculate your retirement readiness, and get personalized advice from financial advisors. Personal Capital is free to use for the basic features and charges a fee for the advisory service. It works with both iOS and Android devices.
Credit Karma is an app that helps you monitor and improve your credit score. You can access your credit reports and scores from TransUnion and Equifax for free and get updates every week. You can also use the app’s tools to check your credit card utilization, payment history, credit age, and other factors that affect your score. Credit Karma also provides personalized recommendations for credit cards, loans, and savings accounts that suit your profile. Credit Karma is free to use and compatible with both iOS and Android devices.
These are some of the best financial apps or tools to use in 2023. By using these apps or tools, you can make your financial life easier, smarter, and more rewarding. Try them out and see how they can help you achieve your financial goals.
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Meet Krishnaprasath Krishnamoorthy, a finance content writer with a wealth of knowledge and experience in the insurance, mortgage, taxation, law, and real estate industries.