7 Financial Apps You Should Probably Have on Your Phone

The modern world is rapidly advancing and technology is becoming a more intrinsic part of our lives. This is especially true when it comes to managing finances.

Managing your finances can be daunting, but with the help of technology, it’s easier. This article will introduce you to 7 financial apps you should consider downloading on your phone. These bitcoin app are designed to help you with everything from budgeting and tracking expenses to investing and managing your credit score. With the right apps, you can stay informed on your finances and make smarter financial decisions.

What are the 7 financial apps you should probably have on your phone?

The apps on this list are highly rated by users and have been recognized for their functionality and user-friendliness. Each app offers unique features and benefits so that you can choose the best fit for your needs and financial goals. Let’s take a look at the 7 financial apps you should (probably) have on your phone:

1. Mint: A budgeting app that helps you track your expenses and manage your finances.
2. Personal Capital: An investment management app that helps you track your investments, plan for retirement, and manage your wealth.
3. Credit Karma: A credit monitoring app that allows you to check your credit score and monitor your credit report for any suspicious activity.
4. Robinhood: A commission-free trading app that allows you to buy and sell stocks, options, and cryptocurrencies.
5. Acorns: A micro-investing app that rounds up your purchases and invests the spare change in a diversified portfolio.
6. Venmo: A payment app that allows you to send and receive money from friends and family.
7. PayPal: A payment app that allows you to make purchases, send money, and manage your finances securely.

Why should you use these apps?

Financial apps have become a popular tool for managing our finances, with many offering features like budgeting, expense tracking, investment management, and more. Here is a list of 7 financial apps and their benefits:

Mint 

1. Budgeting: Mint allows you to create a budget and track your expenses. You can connect your bank and credit card accounts to the app. It will automatically categorize your transactions, so you can see where your money is going.
2. Financial Goals: You can set financial goals within the app, such as paying off debt, saving for a down payment, or building an emergency fund. Mint will track your progress toward these goals and provide helpful tips and insights.
3. Credit Score: Mint provides a free credit score, which is updated monthly. The app provides you with access to your credit score and credit report, allowing you to monitor your credit score. It also offers personalized tips on how to improve your credit score.
4. Bill Reminders: You can add your bills and due dates, and the app sends you reminders to pay on time.

Personal Capital

1. Investment Management: Personal Capital offers investment management services for individuals with various investment needs. It can help you create a diversified portfolio, manage your investments, and track your progress toward your investment goals.
2. Retirement Planning: The app provides tools that help you estimate your retirement income needs, analyze your retirement savings, and develop a retirement plan to meet your goals.
3. Budgeting and Expense Tracking: Personal Capital enables you to monitor your spending and categorize your expenses, making it easy to create and manage your budget.

Credit Karma

1. Free Credit Score and Report: Credit Karma provides free access to your credit score and credit report from two major credit bureaus, Equifax and TransUnion.
2. Credit Monitoring: The app continuously monitors your credit report for any suspicious activity, such as identity theft, and sends you alerts if there is any change to your credit report.
3. Credit Score Improvement: Credit Karma provides personalized recommendations to help you improve your credit score, such as making on-time payments, reducing your credit utilization, and disputing errors on your credit report.

Robinhood

1. Commission-free Trading: Robinhood offers commission-free trading for stocks, options, and cryptocurrencies. This means you can buy and sell assets without paying fees or commissions, making investing more affordable.
2. Fractional Shares: The app offers fractional shares, which means you can buy a portion of a stock or ETF rather than a whole share. This can make investing in expensive stocks like Amazon or Tesla more affordable.
3. Automatic Investing: Robinhood offers automatic investing, allowing you to set up recurring investments in stocks or ETFs. This can help you build a diversified portfolio over time without having to manage your investments actively.
4. Real-Time Market Data: The app provides real-time market data and news, allowing you to stay up-to-date on the latest market trends and make informed investment decisions.

Acorns 

1. Diversification feature: Acorns invests your money into a diversified portfolio of ETFs (exchange-traded funds) that match your investment goals and risk tolerance. This helps you build a diversified and aligned portfolio with your financial goals. Also, helps protect investors from risk by ensuring that their portfolio is well-balanced. 
2. Low Fees: Acorns offer extremely competitive fees compared to other investment apps. They also have no minimum deposit requirement and offer tax deductions on qualifying investments so that you can save more money in the long run.
3. Automated Investing: The Bitcoin investment feature in Acorns is automated, meaning that the app will invest your money into a portfolio of Bitcoin based on your investment goals and risk tolerance. This can save you time and effort in managing your investments.

Venmo

1. Easy Money Transfer: Venmo makes it easy to transfer money to your friends and family with just a few clicks on your mobile device. You can send and receive money quickly and securely without worrying about carrying cash or using checks.
2. Splitting Bills: Venmo allows you to split bills with your friends, making it easy to split the cost of dinner, rent, or other expenses. You can also add notes and emojis to your payments, making the process more fun and social.
3. Mobile Payments: You can use Venmo to pay for things in-store or online, making it a convenient mobile payment option. Some merchants even offer cashback or discounts when you pay with Venmo.

PayPal

1. Online Payments: PayPal is one of the most popular online payment methods, and the PayPal app allows you to make payments online easily and securely. You can use PayPal to pay for purchases on websites and mobile apps and send money to friends and family.
2. Send and Receive Money: The PayPal app makes sending and receiving money from friends and family easy. You can send money to anyone with an email address or mobile phone number, and they can receive the funds directly in their PayPal account.
3. Security: PayPal uses encryption and other security measures to protect your financial information. You can also set up additional security measures such as two-factor authentication and fingerprint recognition.

Financial apps on phones have revolutionized the way we manage our finances. These apps have made it easier to access our account information, make payments, and track our spending. With features like automation, budgeting, and saving, financial apps can help us save time and money and stay on top of our finances.