Many graduates don’t have any idea on how to handle their finances once they get into the corporate world. But thanks to the Internet, those who really want to learn about how money works no longer need to be kept in the dark, even if they lack formal financial education. Personal finance may seem like rocket science to some, but studying it is all worth it, as it has a lot of practical uses in life.
Don’t know where to start? Here are six free personal finance apps that will lead you to better financial planning.
Mint is your all-around personal finance app, as it gives you a complete and real-time look at all your finances, from bank accounts and credit cards to loans and retirement funds. This free app from Apple and Android automatically tracks your spending and alerts you if you’re spending way over your budget. It even gives you custom saving tips that you can apply in your budget. The graphic and colorful interface is also something that many Mint users love, making it one of the most popular and widely used personal finance apps in the world.
What better way to learn about personal finance than by reading about it as much as you can? The new Born2Invest app curates business and finance news from a bevy of trusted financial sources and summarizes them into 80-word snippets. But the app is not only geared towards financial gurus and investors; those who want to learn about personal finance will also find tips and tricks in the “Your Money” and “Investing” sections. From budget planning to retirement funds to investing in bonds and equities, you’ll definitely learn something from Born2Invest. It’s available for free download for both Android and iOS devices.
You can link Credit Karma to your credit cards and bank accounts and keep tabs on your spending patterns. Based on this information plus your credit scores and reports, the app can recommend better credit card or loan offers ranging from mortgages to auto insurances that can further improve your finances. Hence, it does your homework for you, although it is advisable to read up on these options as well. No wonder it has more than 32 million users all over the world.
Most people don’t pay much attention to their spare change, not knowing that these add up and become a substantial part of your budget. Digit helps you save money by automatically scanning your income and spending patterns and transferring a small amount of savings that it deems unnecessary to your needs to a separate account that it manages. The app then helps you to discover and save money that you would have otherwise spent elsewhere. You can withdraw your money any time you want.
Personal finance is not just about learning to budget your money, it’s also about learning to protect it. Also free for iOS and Android devices, BillGuard is a personal finance security service that tracks spending and protects your credit cards from frauds and errors. The app quickly alerts you when a suspicious charge is posted to your account, enabling you to report the charge right away and get your money back. You also get data breach alerts when a data breach occurs at a place where you’ve shopped.
WalletHub is the first and only app to offer 100% free credit scores and full credit reports updated daily. They are dedicated to helping people efficiently attain top WalletFitness™ so they may enjoy life instead of worrying about money and they strive to make the complex simple and to provide each user with a personalized level of care. There are 3 primary functions of WalletHub: 1) Customized credit-improvement advice; 2) Personalized savings alerts; and 3) 24/7 wallet surveillance.