How it works: Digit automatically transfers small amounts of money from your checking to your savings account based on your available income and spending habits, and assigns that money to one or more designated savings goals. And the auto savings/investing option is perfect for me.” - camilasmami, reviewing on Apple™’s App Store Digit™ It’s really helped me understand my spending and cut out unnecessary costs. Testimonial: “Excellent for those of us that are budget impaired. Albert is also a good option for people who often have financial questions and will like the ease of having personalized answers coming from a financial planner over text.Ĭon: Albert has so many different features that it might take a while to become familiar with how they all work. Pro: Albert is a good match for someone who wants budgeting guidance and who also needs some motivation to save. Price: Free version for the basic budgeting and saving app if you want to use the Genius feature, you’ll pay a monthly subscription fee of your choice, starting at a minimum of $8. Got a question about the best student loan repayment option? Text the question to Albert Genius and a real, live financial planner will text you back with answers. With Albert, you can automate savings, begin investing, advance cash on your next paycheck and even renegotiate bills.Īlbert also offers a feature called Genius, which is a text-based, add-on financial planning tool. How it works: Albert analyzes your income and expense patterns to figure out the optimum amount of money to automatically set aside in savings - but that’s just the start of what this app offers. I have other investment accounts for specific financial goals like retirement, but I consider this one a fun rainy day fund.” - Anna Davies, Haven Life contributor Albert™ I love the graph-like feature and a way to see the way the market works. Testimonial: “I’ve had this app on my phone for about two and a half years, and right now, my account has grown to about $1500, with nearly $150 in earnings. If you only make ten transactions and the round-up amount averages $0.50 per transaction, you’re paying at least $3 in monthly subscription fees to invest $5. Pro: Acorns may appeal to someone who wants to tackle both saving money and investing in the same mobile app, and who likes the idea of saving money without needing to really think about it.Ĭon: Acorns might not be the best choice for someone who makes very few transactions in a typical month. Price: $3 or $5 per month depending on the subscription tier you choose. If you shop with Acorns Earn partners via a credit or debit card that is linked to your Acorns account, the partner will deposit a bonus into your Acorns account. For example, you could round up your daily $2.51 coffee to $3 and save $0.49 every day, automatically investing that cash in Acorn’s smart portfolios.Īcorns also offers a feature called Acorns Earn that partners with popular brands like Expedia™, Nike™ and Apple. The concept is simple - connect your bank accounts and start rounding up all your purchases to save small, affordable amounts. How it works: Acorns isn’t your traditional budgeting app. No matter what your long-term financial goals are, there’s a financial app that will probably work for you. We’ve put together the details, pros and cons of the best financial apps out there, to help you decide. Should you choose a free app that helps you set up a basic budget, or pay for an app that offers a few extra features? What about those financial apps that automatically transfer money into a savings account? Are those safe to use, or do you run the risk of not having enough cash at hand when the bills are due? Looking for a budgeting tool to help you keep track of your spending and saving? There are a lot of apps out there, and it can be hard to choose the best budgeting app for you. Get your quote and find the right life insurance option for you Check your price
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