The best apps to have on your phone for financial management are ones that multi-functional. They need to not only track spending habits but can track your accounts from checking and savings to IRAs and investing. It allows you to have all your financial information in one place and monitor everything from your Smartphone. Some of the best financial apps to have on your phone are ones that work for your needs and keep your financial goals in line.
The Robinhood app is one of the best financial apps to use if you are interested in online trading. This app has a lot of good points to make it stand out from other financial. The best part of the Robinhood app is that it has no fees to use it. You can make all the stock trades, ETF trades, and Cryptocurrency purchases you want and will never pay any fees to do it. There is also no minimum to start using the app. You can have $20, $200, or $2,000 and it will function the same for every level of the app. The app itself is very simple to use and the interface is perfect for monitoring your activity. The only downsides about the app are being unable to purchase mutual funds or build a retirement account from it.
ValueWalk's Raul Panganiban interviews Dr. Kathryn Kaminski, Chief Research Strategist at AlphaSimplex, and discuss her approach to investing and the trends she is seeing in regards to quant investing and hedge funds. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with AlphaSimplex's Read More
2. Western Union App
The Western Union app is another terrific app for financial tracking and money management. It is a fast money transfer app that far exceeds others like it. With this app, you can send money abroad or manage customer and client transactions without ever needing to set foot inside a brick and mortar establishment. It has multi-language functionality, so it is easy to use for anyone with any language preference. With the Western Union app, you can track your transfers and manage your financial profile easily. It even allows you to pay your bills and maintain accounts for repeat money transfers.
Mint is a financial app released by Intuit, a software company known for its quality financial software including accounting, tax and money management programs. This is primarily a budgeting app, but its best feature is its ability to sync with your investment accounts, credit card, and banks to pull all your accounts into one easy to use the app. The app is free to use and you can monitor your accounts and balances through the user interface. It even provides the user with credit score, investment performance, and home values. Where this app falls short is in its usability factor. Users can see all their financial information, but it can be easy to overlook any possible problems within the account as the app only shows an overview of the accounts.
Stash is a terrific app for the beginning investor. The app helps people start investing through building a simple investment account. The app helps guide the novice investor into understanding the risks of each ETF that can be invested in through their risk assessment program. Your profile preferences will be set depending on your desired level of risk as Conservative, Moderate or Aggressive investing style. The app requires an initial deposit that can be built upon as time goes own. The app itself shows all the investments in a simple profile view. You can tailor the portfolio to particular interests that align with environmental, political or financial perspectives.
5. The Vault
The Vault is the perfect app for anyone that needs to build and maintain a retirement investment account. This app is highly rated for its secure encryption that keeps all account information stored in the account, on your phone. You can open your own IRA, Roth, traditional or SEP account. Vault helps you build your investments based on a set percentage from your income. As a freelancer, the Vault App alerts the user to when deposited money deposits into the account through a notification. The notification asks for approval to invest a portion of deposit automatically.
Choosing the right financial investing app helps the financially minded person stay on track with their money. The right app depends on the individual preferences of the user. It also depends on where they want their own finances to be in the future.