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7 Apps to Help You Take Control of Your Finances

Erin Ollila
April 08, 2020

2 minute read

Savvy consumers are focusing on being as fiscally fit as possible in the current economic climate. Even though they may have the smart sense to focus on their finances, they may not have the monetary know-how.

Here are seven money apps focused on getting users’ budgets, savings, and financial future in shape.

Budgeting

One of your New Year’s resolutions may have been to focus on spending smartly and saving more than you spend, but making these decisions without guidance can be nerve-racking. Money apps like Albert analyze bills, income, and spending habits to help users create a budget personalized to specific needs (and wishes!).

In addition, every penny has a “job”, or at least that’s what the app You Need a Budget (known as YNAB) suggests with regard to budgeting. As a zero-based budgeting system, this tool gives users control over their money in a matter which isn’t restrictive, but focused on setting and achieving goals.

Saving

If your previous style of saving included tossing spare change into your piggy bank for future goals, you might be looking for a way to duplicate this approach if you’re using cash less and less these days. Money apps like Qapital connect to the end user’s bank accounts, giving them the ability to automatically round up transactions and move the change into a saving account.

Loans

According to the Even app, “55 percent of Americans live paycheck to paycheck, regardless of income.” Even partners with employers, such as Walmart, to give employees both access to their next paycheck and financial tools to help avoid the paycheck-to-paycheck cycle.

If you’re looking to pay off your mortgage quicker or consider refinancing options, money apps like U.S. Mortgage Calculator can help you play out different payment scenarios.

Retirement planning

It’s great if you have an employer-sponsored retirement plan, but you’re looking for a way to invest on your own, money apps like Acorns, similar to Qapital, will round up each transaction, and instead of moving it to savings, the app transfers the money into an investment portfolio.

Another option is Stash, which works similarly, though users can also allow the app to study spending and income and pull small sums of cash aside out to invest on its own.

While working through finance goals, users will find that there are tech tools and apps to greet them at every stage of the journey.

Erin Ollila
Erin Ollila believes in the power of words and how a message can inform – and even transform – its intended audience. After a 12+ year career in human resources, she's jumped headfirst into digital strategy. Erin is a geek for SEO and all things social media.
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