Apps to Upgrade Personal Finance: Money Handling and Earning

Paying for goods online has never been easier, but people have yet to embrace the comparable convenience available to improve saving/budgeting.

So, while financial wellness is addressed more than ever, users struggle to reap the benefits of increased resources for learning and apps that automate most of the hassles. 

In this article, we introduce some apps to install on your mobile devices for improving your finances. They range from budgeting apps that simplify expense tracking to services that help you earn more money to support your lifestyle or save.

Budgeting tools 

The goal of budgeting is to achieve a greater sense of financial stability and security. An ideal app for supporting this goal should be secure, easy to use, customizable, and feature-rich. 

For example, they typically connect to your bank accounts to oversee your spending habits. Then, depending on the app, you can categorize your expenses, set spending limits, track upcoming payments, and designate an allowance for each month/week.

You should also look for apps that sync, meaning you can use them together with family or significant others. 

Some of the potential candidates for this job include YNAB, Mint, Honeydue, or EveryDollar. Before signing up for any of them, check if your bank offers similar budgeting features.

Money-saving apps 

Besides improving your budgeting efforts, money-saving can also become more user-friendly. It means installing a preferred money-saving app, which automates the saving responsibility. 

Essentially, many of them automatically transfer funds to your savings account, but that’s not the only assistance they offer.

Some tools customize your savings based on your spending behaviors. For example, that could mean every time you buy an item within a particular spending category, a set amount is transferred to your savings account. 

Cashback apps

Cashback apps typically fall into this category of money-saving apps. These applications pay you for shopping.

It means that every time you shop anywhere (or shop at particular stores or buy promoted items), you earn some money back. 

Many of the apps may require receipt scanning, which means uploading them to the app later. However, most of them support online shopping as well, meaning you can immediately see the perks without the additional step. For this, consider using Ibotta or Rakuten.

Investing when shopping

Another exciting feature to take advantage of your shopping is investing after each purchase. This works by investing the spare change by rounding up every payment to the nearest amount. 

The sum is directed to your investment portfolio, which you can also customize based on your needs. If you have always been curious about investing but hesitated due to the risks attached, this is a great opportunity. Acorns or Robinhood are excellent starting points for these novice investors!

Money-earning apps

In addition to working with your current funds and monthly capital, you can also explore the option to raise more funds. Some apps/services focus on supplying offers for gig-economy jobs, such as temporary help needed.

TaskRabbit is one of the most well-known options for finding these jobs, which can include handy work, house cleaning, grocery shopping, and other tasks.

Furthermore, you can explore the market of get-paid-to platforms that focus on online assignments. That means performing jobs/micro-tasks that don’t require leaving your home. All you need is a device and an internet connection to join and get paid for your work.

Speaking of your internet connection, you can sell internet data and earn money. To monetize this asset, consider joining services like Honeygain to start sharing your unused internet bandwidth and gain compensation.

The app works on most mobile and desktop devices, and you can customize when you would like to participate in the sharing. However, thanks to highly optimized processes, you should be able to share connectivity at any time without feeling any negative impact.

Conclusion

So, even if you can pay using your smartphone, smartwatch, or even smart ring (which seems possible now, too), don’t let the progress stop there. Explore the products that promise to help you budget, track your expenses, and manage your finances without breaking a sweat. 

After all, most budgeting or saving efforts are often abandoned due to their challenging maintenance. If you find an optimized procedure that works for you, it will be much easier to follow in the future.