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Managing your money just may be easier with some of these great money apps. They take the guesswork out of saving and spending. And they could help you plan for a future big purchase or vacation. The challenge, however, is finding a financial app that you can feel confident about using without the worry of a security breach. While there are no guarantees that your information won’t get hacked, each of these apps that Freedom Debt Relief shares does claim to use bank-level security. So, what are the favorite financial apps of 2017? Let’s take a look.
Betterment is a great app for anyone who wants to learn how to invest. Freedom Debt Relief likes this app because it takes proven investment strategies and modernizes them with technology. It takes a long-term approach to investing to help you get the most out of your money over the long haul. Betterment’s two key goals are to 1) help customers receive optimal levels of returns at any level of risk, and 2) use a variety of investment strategies, including automation, to help its customers keep their returns. There are no minimum balance requirements and you can cancel your service at any time.
Freedom Debt Relief likes the Clarity Money app because it can help you save money. This new budgeting app looks at your monthly paid services and tries to find ways to reduce your costs. After evaluating your services, it will ask you if you want to discontinue them or negotiate new rates. People are often surprised to learn that they have the power to renegotiate. But once they do, they can get significant savings that they didn’t even know were available. So, if you are looking for some ways to cut back, Clarity Money is a great tool for the job.
Need a little help sticking to your budget each month? A good budget can help. Freedom Debt Relief recommends this app to anyone who needs a structured way to allocate money each month. A good budget is essentially an envelope system. You create virtual envelopes for all budget categories (like rent, groceries, utilities, entertainment, etc.) and set aside how much money you want to allocate to each one. Plus, you can sync it with your spouse so that you are both on the same page when it comes to spending. The good budget can help you stay on top of your spending and eliminate household miscommunication.
What Freedom Debt Relief likes most about the Penny app is that it is a virtual accountability partner that helps you stay on top of your spending. Penny learns your spending habits, alerts you throughout the day what you are spending on, and will even make goal suggestions to help you reduce spending in certain areas. Penny organizes your finances, but she makes it fun and simple too. There aren’t a lot of overwhelming or intimidating financial features to this app. It is just what you need to know and when you need to know it.
So, if you need help investing, cutting costs, or just some simple budgeting advice, these great apps could help you get on track with your finances.