Financial Wellness Apps: 9 Apps to Improve Your Financial Well-Being
Financial Wellness Apps
Establishing a foundation of financial wellness sounds like a complex undertaking; however, it might be easier and more convenient than you think. While maintaining healthy finances can be tedious and at times overwhelming, there are several apps available that make keeping up with finances more manageable and less time-consuming than ever before. Below, we’ve listed 9 highly-rated apps that can help you manage and improve your financial wellness.
Types of Apps for Improving Financial Wellness
There are several different types of financial wellness apps on the market, but there are three categories that we will focus on in our list; budgeting, money-saving, and investing. Having a firm grasp on these three facets of personal finance is a good starting point for those who are beginning a journey of financial wellness. Check out a few of our favorite apps from each of these categories down below:
Mint is a budgeting app and brand under the Intuit umbrella of products. Mint allows users to connect all their financial accounts, including banks, loans, credit cards, and more, to create a comprehensive idea of their budget, making it one of the best and most highly reviewed budgeting apps available. It also gives users the ability to create charts that show where they are spending the most money, making it easier to establish goals and plan for future expenses.
Honeydue is a unique budgeting app that is designed for partners who are new to sharing finances together. It allows couples to connect a plethora of accounts from checking and savings to loans and credit cards. Couples can also coordinate bills and keep track of their spending, making it a great tool to avoid financial arguments for those that are just beginning to track finances with another person.
Cost: Free for the basic plan, $8/month for plus
For those that enjoy the classic envelope method for managing expenses, Goodbudget may be the best option for you. The Goodbudget app allows users to keep track of their finances by budgeting a monthly allowance for categories such as food, gas, rent/mortgage, clothing, and other necessities. It’s a good option for families and couples alike to set limits on their spending in certain categories.
Cost: 30-day free trial, then $5/month
For those that are prone to spending money frivolously on a regular basis, Digit is a helpful option to help you start saving money. Digit helps those who need input on how they should start saving money by automatically moving money from checking to savings accounts based on algorithms tied to your personal spending habits. It can also assist in paying down credit card debt and creating savings goals.
Cost: 30-day free trial, then $3/month
Qapital offers a customizable saving experience by allowing users to move money into their savings accounts when they spend money in certain categories of their choosing. The app also creates a visual board for users that allows them to easily keep track of their money-saving goals.
Long Game is a unique app that adds a fun, game-like element to saving money. Each time you save money, the app enters users for a chance to win extra money with a concept known as prize-linked savings. Long Game is best for those who enjoy the thrill of an occasional gamble, but who also want to grow their savings for long-term financial wellness.
Cost: As little as $1 to start investing
With over 22 million users, Robinhood is one of the best options on the market for those who want to begin dabbling in the world of stocks and cryptocurrency. There are no account minimums or fees for transactions, making it easy for the average person to try their hand at investing. Investors can buy partial stocks, and even create a portfolio with as little as $1.
Cost: Personal plan at $3/month, family plan at $5/month
Acorns is an investing app based in Irvine, CA that specializes in micro-investing and robo-investing. With more than 8 million users, Acorns allows consumers to invest their spare change over time to grow their investment portfolio. It has an easy-to-use interface that is a good option for those looking for a convenient, beginner-friendly investing experience.
Cost: Free to create an account, $25 minimum to invest
Coinbase operates as one of the best online and app-based platforms for cryptocurrency exchange. Similar to stock trading platforms, Coinbase allows consumers to buy and trade a number of cryptocurrencies with as little as $25 to start. They also offer a self-hosted crypto wallet and card that allows users to spend cryptocurrencies and earn crypto rewards.
Ready to add some ease, convenience, and even an element of fun to your financial wellness? Technology has made it easier than ever to manage the way you budget, save, and invest. Check out some of these apps today to help gain control over your financial wellness!