I think itâs safe to say that technology is becoming more intertwined with daily life.
We wear smart watches that track our lifestyle habits and sleep quality. Our smart phones can synchronize data and connect to pretty much anything that is important in our livesâ¦photos, music, finances, whatever. Technology is essentially always in the palm of our hands or at our fingertips, which is awesome!
While all this technology is great, Iâll admit, I personally fall into the âlate majorityâ category of the stages of the diffusion of innovation curve:
Iâm not an absolute Neanderthal who refuses any semblance of technological advancement in my life, but I don’t always jump on new tech items as they are released to market.
This is certainly ironic seeing as I work in digital marketing and run a blog that is centered around making money and saving money by using technology, but I digressâ¦I suppose Iâm just a touch risk averse and I like to see how the masses deal with a new âthingâ before I welcome it with open arms.
Anyway, recently a conversation occurred between me and a few of my close friends where we noticed I was the only one in the group without a smart watch or FitBit.
This observation made me realize that while I donât always like integrating technology into parts of my life, many people feel differently.
And so, this bring me to the point of this post.
I want to examine some of the most effective ways to implement technology into personal finance because I know there are many people who simply love to integrate technology into daily life.
Additionally, I know discussing finances or tackling the topics of budgeting and saving can seem daunting for some people, so perhaps there will be some nifty personal finance apps in this post that make the task much easier.
This post will cover:
- The best budgeting and personal finance apps.
- The best stock investment apps and robo advisors.
- A few passive investment services.
- The best bill payment app.
Letâs get to it!
The Best Budgeting Apps â Help With Creating A Budget
The first step in successfully managing personal finances involves creating a budget and tracking expenses and income.
Without having an understanding of where your money is going, it is impossible to monitor progress or track finances with any degree of precision.
Personally, I use a tried-but-true Excel spreadsheet to create my monthly budget and track my spending, but this post isnât about meâ¦itâs about the technologically savvy individual who wants to integrate technology into their finances!
If you are looking to reinvigorate your financial health and implement budgeting into your life, the following list of budgeting apps and tools are your friend.
Mint Budgeting App
Mint is a budgeting app created by Intuit, a company that specializes in financial software. While Intuit is most well-known for their accounting and tax based services/software, Mint is also an immensely popular budgeting app with millions of downloads between the Google Play Store and App Store.
The Mint app is fairly simple, and allows you to track your finances and spending with your phone or any browser.
When you create an account with Mint, you can connect your bank account, investment/brokerage account, credit/debit cards, and bills to the app. When you log into Mint, all of your financial information for your connected accounts will be updated in a pretty sleek dashboard, and you can get a quick snapshot of your current financial standing:
Mint’s best asset is the manner in which they split and organize data to help their users track their finances and make informed decisions.
With the Mint app, users can quickly:
- Track where their money is being spent (i.e on food, bills, entertainment, or other categories).
- Monitor the growth of their investment portfolio.
- Create budgeting goals and track the progress towards meeting these goals.
- Monitor credit scores.
Users can also set up alerts with the Mint app to remind them about bill payments, late fees, or if they are going to spend over their specified budgeting goals in a particular category.
If you have a tendency to let an area of your finances slip out of control, setting up budgeting alerts with Mint can be a great way to get back on track.
Mint is a free budgeting app, although the app does suggest various products or services to their users to generate revenue.
Pros of Mint:
- Mint is free.
- Mint is a great budgeting app for anyone who has never made their own budget before.
- Goal tracking and separating spend by categories are 2 must-have features.
Cons of Mint:
- You can’t pay your bills through the Mint app.
- You can manage your investment portfolio.
Visit Mint’s website to learn more about budgeting with Mint!
YNAB – You Need A Budget
YNAB, or You Need A Budget, is another popular budgeting app that has been widely acclaimed by many personal finance bloggers and media outlets over the years.
While YNAB previously lacked bank syncing and forced users to import their transaction data, the latest version of YNAB has automatic data syncing and a whole lot more.
With YNAB, the entire goal of the app is encapsulated by their 3 rules:
- Rule 1: Give every dollar you have a job.
- Rule 2: Embrace your true expenses.
- Rule 3: Roll with the punches.
Alright, so what does this actually mean?
Well, in essence, YNAB is all about ensuring you know where every dollar you earn is going, and that you can monitor the progress towards you goals.
YNAB is similar to Mint in the fact that it’s primary strength is data organization/making it simple for users to track their spending habits, but here are the main features you get with YNAB:
- Automatically synchronize your banking data into the app or desktop platform.
- Track your investments.
- Set financial goals, monitor your spend by category, and access YNAB recommendations that will help you meet your goals.
As with Mint, YNAB does not allow for users to pay their bills or make other transactions.
YNAB is free for 34 days, and then costs $6.99/month.
At first, I didn’t understand YNAB’s pricing model since it is extremely similar to the Mint budgeting app, but the YNAB forum is a very useful resource, and the platform offers a variety of educational materials and financial lessons.
If you are completely new to financial planning and are wondering how to save money, YNAB might be a good budgeting app to start with.
Pros of You Need A Budget:
- YNAB has a strong community and offers their users some handy educational resources.
- The platform is continuing to evolve, and each update has improved the user experience/features.
Cons of You Need A Budget:
- You can’t pay your bills with YNAB.
- If you don’t need educational resources, paying $6.99/month might be a waste.
The Best Investment Services & Robo Advisors
Creating a budget and keep track of expenses is really the first step in financial management. After all, you can’t reach any financial goals or grow if you have a negative savings rate!
However, budgeting and saving money is really the defensive side of wealth management. And, like any great championship team, a mixture of offense in defense is really what gets the job done. In personal finance, your offense is your investment portfolio and the gains you make over time (alongside making more money in general).
Time to break down some of the most popular investment services and robo advisors!
Personal Capital – Budgeting & Wealth Management
When it comes to lists of investment services and apps, Personal Capital is pretty much always included. It’s probably one of the most referenced personal finance apps by other bloggers or news outlets.
Comparisons are sometimes made between Mint and Personal Capital out of convenience, but the platforms are quite different.
With Personal Capital, users are able to track their net worth, savings, investment portfolio, and a general budget breakdown. Mint is certainly more comprehensive in the budgeting department, and you can’t set specific budgeting goals with Personal Capital, but that isn’t Personal Capital’s main goal.
Mint is a pure budgeting app, whereas Personal Capital is also an investment service, and focuses on other areas of personal finance, including:
- Retirement planning/portfolio strategy.
- 401(k) fee analysis.
- Progression towards major life events (i.e. if you want to buy a house, pay for school, etc.)
Personal Capital has a visually appealing dashboard that makes it easy to track financial metrics with a quick glance, and the system is available on mobile, tablet, smart watches, and desktop.
Personal Capital offers these budgeting and financial planning services for free, butÂ Personal Capital also runs a wealth management service that charges users annual fees for managing their investment portfolio.
Ultimately, Personal Capital wealth management is really a blend of budgeting tools, robo advisory services, and using a financial planner.
Personal Capital does charge a 0.89% annual management fee (at $1 million dollars or less under management), which is high for the industry, and users require a minimum of $100,000 to gain access to their wealth management service.
Personal Capital has a variety of funds that service different investment needs (i.e. growth focused funds, balanced funds, aggressive funds, etc). You can actually check out Personal Capital fund performance history and comparative benchmarks on their website.
According to their FAQ, here is how Personal Capital approaches their fund composition strategy:
“For US equities, we buy a well-diversified sample of at least 70 individual stocks to provide the advantages of our Tactical Weighting approach and for tax optimization. For fixed income and alternatives, we use a combination of low-cost exchange traded funds (ETFs). This combination allows for the highest degree of diversification and the lowest fund costs.”
This isn’t anything groundbreaking, but you don’t need ‘groundbreaking’ when it comes to successful investing. Time and compound interest are your best friends.
Personal Capital currently has more than 1.9 million users and 18,000 investment clients. This is really a drop in an ocean on the investment side of things, but Personal Capital has only been registered with the U.S. Securities and Exchange Commission since 2012. Keep this limited history in mind when analyzing their fund performance history in comparison to other funds (since any data set can look appealing or abysmal with a limited scope).
Ultimately, if you are looking for a managed investment service and want to avoid DIY investing, I would suggest researching Personal Capital alongside the other robo advisor apps I am going to mention.
Pros of Personal Capital:
- The free tools offered by Personal Capital are a great way to start managing one’s finances.
- Personal Capital excels in ease of use.
Cons of Personal Capital:
- A high minimum wealth management amount.
- Higher than average fees.
- Non-customizeable asset allocation.
Betterment is one of the leading robo advisor services on the market, and currently serves more than 300,000 investors while managing more than $11 billion in assets.
Betterment, like other robo advisor services, allows people to take a hands-off approach with their portfolio management and leave the decision making to someone else (for a price).
Betterment actually has 2 services: Betterment Digital and Betterment Premium.
Betterment Digital is the standard service, and allows users to have their investment portfolio management without any account minimums for an annual fee of 0.25%. Betterment Premium, in contrast, provides members with access to financial advisors (via phone) and more customized portfolio management for an annual fee of 0.40%.
I never fully understood the purpose of robo advisors since, often times, they just end up investing in Vanguard ETFs anyway (like many DIY investors do).
However, after reading this Betterment review from Mr. Money Mustache, I understand why investors with greater net worth may turn to services like Betterment.
See, Betterment automates 2 valuable things: portfolio rebalancing and tax loss harvesting.
Rebalancing refers to maintaining a balance of stock, bonds, and other assets in a proportion that is suitable for an investor’s goals, levels of risk aversion, and optimal performance. Automatic rebalancing is great because in the long run, automatically buying assets at discounted rates or selling assets at inflated pricing can help improve returns.
Tax loss harvesting involves selling assets that have lost money in a given year to help offset any capital gains tax an investor has to pay on assets that were sold. Sold funds are typically replaced by similar funds to maintain the portfolio’s balance.
Ultimately, if you are looking for a completely hands off investment approach and don’t mind a %0.25-%0.40 annual fee, Betterment might be the path to take!
Pros of Betterment:
- Automatic rebalancing and tax loss harvesting are great.
- Low fees compared to some other robo advisor services.
- Betterment Digital has no account minimum.
Cons of Betterment:
- You are unable to asset-allocate with any external accounts, so Betterment won’t consider your other investments when creating an asset allocation strategy.
Wealthsimple is a more recent addition to the U.S. market of robo advisor services, although Wealthsimple has been available in Canada since 2014.
Wealthsimple is all about putting âinvesting on autopilot,â and the service is largely geared towards millennials or people who are new to investing and wealth management.
Wealthsimple currently has more than 100,000 customers and manages more than $2.5 billion in assets, so this is certainly one of the main robo advisor services in the industry.
Like Betterment, Wealthsimple has 2 different options for their customers: Wealthsimple Basic, and Wealthsimple Black.
Wealthsimple Basic has a $0 account minimum, and offers automatic rebalancing like Betterment for an annual fee of 0.50%.
Additionally, Wealthsimple allows investors to personalize their portfolios to a greater extent than your average robo advisor service, so investors with different levels of risk aversion or goals can feel comfortable:
Wealthsimple Black requires a $100,000 account minimum, and provides a lower annual fee amount of 0.40%, automatic tax loss harvesting, and some nifty travel perks.
One thing I donât like about Wealthsimple and their website is that it is filled with a lot of fluff. Features like âdividend reinvestingâ or âthe ability to set up automatic depositsâ are a given.
At its core, Wealthsimple is a robo advisor that generally invests your money into a variety of low-fee funds that match your goals and risk profile. Thatâs it.
Iâm not saying Wealthsimple is bad, but donât get caught up in their fancy graphs and website magic.
Welthsimple vs. Betterment
A quick note on the whole Wealthsimple vs. Betterment comparison.
Both robo advisory platforms have a lot of similarities, but there are a few key differences that make Betterment a better investment solution than Wealthsimple in my opinion.
Firstly, Betterment has lower annual fees than Wealthsimple at both tiers of investing.
Secondly, Wealthsimple does not have automatic tax loss harvesting for beginner tier accounts, a goal tracker, or 401K plans.
So, where does Wealthsimple shine?
Well, the company has some socially responsible investment options and Shariah-compliant investment options that cater to the needs of certain investors.
These options are great for people looking to invest in companies that do thing like:
- Invest in the development of clean technology.
- Promote diversity in corporate culture.
- Engage in social initiatives or charitable causes.
- Avoid profiting from gambling, the sale of firearms/tobacco/alcohol, loans, or anything that isnât Halal.
This offering wonât appeal to everyone, but it does help separate Wealthsimple from other robo advisor services. Perhaps this is the right option for you.
Pros of Wealthsimple:
- No account minimum.
- Options for âethicalâ investing or Halal investing if you require this.
- Great educational resources in addition to wealth management.
Cons of Wealthsimple:
- Higher management fees than Betterment.
- No automatic tax loss harvesting.
Learn more about investing with Wealthsimple on their website.
Additionally, if you want to check out other robo advisors that invest in ‘socially responsible portfolios,’ you can also check out Swell! Swell aims to invest in global companies making an impact in fields like renewable energy, green technology, clean water, disease eradication, waste reduction, and more.
The Best Passive Investing Apps
While robo advisor services like Betterment and Wealthsimple are completely hands-off investment strategies, you still have to make the conscious decision to put money into your account and keep on top of things.
In this section, I’m going to share some truly passive investment apps that can be setup and left alone for good.
Alright, for the original readers of This Online World, you’ll know I have bashed the Acorns app in the past.
I’ve even stated that the Acorns app is one of the worst personal finance apps, absolutely useless for the majority of people, and even harmful.
Since then, a few things have happened.
Firstly, Acorns has made some improvements to their app and investing services, which is always nice.
Secondly, I’ve grown from the fiery young 21 year old whippersnapper who viewed the world in black/white into a 22 year old stoic who is finally at peace.
Just kidding, kinda. But in all honesty, I am making an effort to remain more open minded as I move forwards with this blog and my life.
Acorns isÂ still not an app I will ever useÂ unless they make some fundamental changes. However, I know people who enjoy using Acorns, and the investment service is definitely an appealing option for certain demographics.
So, what is Acorns?
In a nutshell (haha, nut puns), Acorns is a passive investment app that invests by rounding up spare change whenever you shop. It’s basically a hybrid robo advisor app and automatic saving tool bundled into an app.
For example, if you purchase a coffee for $2.10, Acorns will take the remaining $0.90 and contribute that to your investment portfolio.
Acorns allows users to select from a variety of portfolios to suit their goals, and each portfolio is essentially a mixture of stocks and bonds designed to suit various levels of risk.
For stocks, Acorns pretty much dumps your money into Vanguard ETFs, which is what everyone else basically does (for good reason).
Acorns has also integrated their ‘Found Money’ feature, which allows for Acorn users to automatically earn cash back when they shop at more than 100 partner companies, and this is a very solid addition to the app.
Finally, Acorns has also expanded their service offerings to include 3 different tiers of service:
- Acorns Core: $1/month for the original micro-investing app. Acorns Core is also free for college students who can provide proof of an .edu email.
- Acorns Core + Acorns Later: $2/month plus retirement savings features.
- Acorns Core + Acorns Later + Acorns Spend: $3/month for all the features and a checking account that earns some decent cash back.
Yup, that’s right, Acorns is actually rolling out a checking account called Acorns Spend that allows users to automatically invest their money while receiving Found Money + up to 10% cash back at participating retailers.
The new features Acorns has added have made the app a more robust personal finance app, and if you paired Acorns with services like Mint or YNAB, you’d have a decent foundation for budgeting and investing basics.
I still wouldn’t suggest using Acorns if you already have an investment portfolio where you make regular contributions. However, if you are in college or have never invested before, you could consider trying out the Acorns app to get your foot in the door of the world of investing.
If Acorns isn’t for you, you can always work with a robo advisor service like Betterment or start DIY investing through your bank.
Pros of Acorns:
- The Acorns app is free for college students and provides an introduction to the world of investing.
- The new Acorns Spend platform can earn impressive amounts of cashback at certain retailers.
Cons of Acorns:
- Acorns builds small portfolios over long periods of time, which reduces the effectiveness of compound interest + time.
- Acorns has high management fees for people who don’t spend a lot. $12/year might not seem like much, but what if your portfolio is only $200?
Sign up for Acorns withÂ and earn a $5 sign up bonus!
If you have been reading This Online World for a while, youâll know that I absolutely love the concept of cash back.
Iâve mentioned services like EbatesÂ and Drop in previous posts, and I am a fairly avid user of cashback platforms whenever I shop. Between using a cashback credit card and rewards apps, I think people can save a decent chunk of money every year without altering their shopping habits.
So, when I found out that a new app called Bumped allows people to receive stock rewards from the companies they shop at, I was immediately intrigued.
Instead of cashback, Bumped rewards users with free stock when they shop at their favorite brands.
The concept is basically Drop but with shares instead of points, and it sounds awesome.
Bumped also works the exact same way as Drop. Simply create an account, link your debit or credit card to the app, and select stores you want to earn fractional stock from:
However, unlike Dropâs âchoose 5 storesâ system, Bumped makes users choose 1 store per 20-ish categories.
Categories include things like apparel, online shopping, coffee, pizza, hotels, and more.
Some of the largest brands in the U.S. have partnered with Bumped, so you can start earning stock from companies like Kroger, Walmart, Tagret, Starbucks, Nike, CVS, and many more.
Your stock rewards are usually equivalent to 1%-2% cashback, but rewards can go as high as 5%.
Ultimately, Bumped wonât make anyone rich, and you definitely wonât be sitting in on Walmartâs next board of directors meeting.
However, by integrating apps like Bumped into your finances alongside other cashback apps, credit cards, or rewards platforms, you can certainly save a decent chunk of money every single year. Plus, this app is just plain fun!
Pros of Bumped:
- This app is a fun passive earner that is absolutely free.
- You can use Bumped in conjunction with other rewards platforms.
Cons of Bumped:
- Realistically, you will have to shop quite frequently or use Bumped for a long time to earn enough stock fractions for market growth to be meaningful.
Join the Bumped waiting list on their website!
Note: Bumped is currently exclusive residents of the United States.
The Best Money Saving Apps – Automatic Ways To Save Money
Alright, you’re successfully budgeting and investing your money (while passively investing along the way). How can we take this 1 step further?
Well, if you aren’t exhausted yet and are looking for additional ways to integrate technology into your finances, then this list of money saving apps and services will be right up your alley!
Trim Budget Manager
Let me start out by saying that if you have a lot of subscriptions or bills that you pay on a monthly basis, Trim (also known as Ask Trim) is one of the best personal finance apps around.
Additionally, if you have a nasty habit of missing bill payments and suffering from late fees, Trim might also be the perfect finance app for you.
So, what is Trim?
In a nutshell, Trim is an automated platform that saves people money.
Trim accomplishes this by tacking and analyzing user spend habits, finding unused subscription services, negotiating cable and internet bills, and making automatic saving simple.
When you signup with Trim, you simply connect the service to your bank account and choose a messaging platform where Trim can send you spending alerts or late bill warnings. Thereâs no mobile app or software required.
Trim will then track your financial habits, point out where you can save money, negotiate your cable/internet bills if you desire, and alert you if you have upcoming bills that are almost overdue.
Trim can also connect to Amazon accounts to fight for rebates if prices drop after you purchase an item, so this is a nifty feature for frequent online shoppers.
Finally, Trim recently rolled out an update that enables users to connect their Visa to Trim and then receive automatic coupons being applied when making online purchases (if available).
Now, hereâs the thing about Trim: whenever Trim successfully negotiates on your behalf and lowers your bills, they take 33% of what you save.
This isnât inherently bad since the company needs to generate revenue somehow, but it does mean they are heavily incentivized to negotiate for you.
While this is generally good, there are some negative Trim reviews that complain the service prematurely cancelled services or even negotiating bills upwards.
If your finances are already on track, Iâd say thereâs no point in trying out Trim.
However, if you consistently miss your bill payments or have no idea what youâre spending on subscriptions every month, considering giving Trim a try!
Pros of Trim:
- Trim Financial Manager is absolutely free and doesn’t require an app or software.
- Text message alerts make it easy to stay on top of your spending and bills.
Cons of Trim:
- This financial service isnât very useful if you stay on top of your bills.
Sign up for Trim and start saving money today.
Iâve mentioned Paribus before on my blog, but this app certainly had to be included in this section of money saving apps.
Parbius is similar to Trimâs automatic rebate feature in that Parbiusâ goal is to automatically detect price drops and then work to secure a refund for you by leveraging price protection guarantees many merchants have.
Anyone can technically do this without an app/service, but the automation is what makes Paribus so valuable. After all, do you want to dig through receipts and then call/email merchants to ask for money back?
Once you create an account with Paribus, you will need to connect Parbius to the email account where your online shopping receipts/confirmations are sent. Paribus will need access to view your email account, so make sure you feel comfortable with that.
You also have the option to connect your Amazon Account to Paribus, but you will have to allow access for this as well. Paribus can then work with Amazon to compensate you for late deliveries, which is another nifty feature if your online packages are often delayed in reaching your doorstep.
You can checkout the complete list of stores Paribus monitors on their website to see if Paribus will be beneficial for you.
Paribus is 100% free to use, secure, and has saved their users over $29 million since the service was created in 2014.
Paribus is also great because there is no minimum cashout amount, so any money you save will be deposited to your bank account after itâs cleared.
Pros of Paribus:
- Paribus is secure and 100% free.
- The system is an automated way to save more money.
Cons of Paribus:
- This app isnât too useful if you donât shop online frequently.
- Not every price drop can be refunded (itâs kinda random).
Sign up with Paribus and save money with automatic price protection.
The Best Bill Payment App
While budgeting apps like Mint or YNAB are great for tracking your spending and setting goals, a major downside/complaint is the inability to actually manage one’s finances through either app.
If you’re looking for a simple but effective personal finance app to track and manage your bills, there is one company that takes the cake.
If you have ever been frustrated by the inability to pay your bills through budgeting apps like Mint or YNAB, Prism is the light at the end of the tunnel.
Prism is one of the best personal finance apps when it comes to managing your bill payments.
Prism allows users to track and pay all of their bills through one simple interface. If you are looking for a single-stop solution for managing your bills and ensuring you pay on time, this might be the perfect app for you.
When you create an account with Prism, you can quickly link all of your bills into the app interface. Gas/hydro bills, cable, internet, credit card bills, subscription services, you name it.
After you have connected your bills to Prism, you can connect your primary payment accounts. This usually includes a userâs checking account and credit cards.
Once your bills and accounts are linked, Prism will monitor your incoming bills and notify you whenever a bill arrives. Prism does this through push notifications, and users can pay their bills through the Prism app or schedule their payment for a later date.
Since Prism connects to your bank account, you are actually able to pay your bills through the app interface. Thereâs no need for hopping between the Prism app and your bank account.
Prism is a free app, and is available on Android, IOS, Windows, and the Amazon App store/Kindle Fire. Prism is also secure like other personal finance apps on this list, and all sensitive information (i.e. your account numbers or credentials) is encrypted. Additionally, no sensitive information is stored on your actual device, and you can deactivate your Prism account if your phone/tablet is stolen.
You might be wondering: âhow does Prism make money?â
Well, they have a few revenue streams, although Prism never sells user data or anything fishy like that.
Instead, Prism is sometimes compensated by billers in exchange for making their customerâs bill payments more timely. Additionally, Prism sometimes offers their users extra payment options that are not offered by the biller in exchange for a fee (which the user can decide to pay for).
An example of this would be if Prism allowed you to pay your utility bill via your credit card whereas your utility biller might only accept bank payments. That sort of thing.
Anyway, back to why Prism is neat.
One additional feature that makes Prism an awesome personal finance app is the monthly expenses breakdown:
Like Mint, Prism makes analyzing your monthly spending patterns for your recurring bills. This can be immensely useful for monitoring your utility spending to ensure your usage habits arenât getting out of control.
Prism also goes one step further and will notify you if a bill looks abnormally high, which can happen more often than you think.
While Prism doesnât break down your spending into categories like other budgeting apps such as Mint, Prism is still an awesome way to stay on top of your bills and is an overall stellar bill management app.
Pros of Prism:
- Prism is absolutely free. The only time you pay fees is if your biller requires you to pay fees.
- Prismâs notification system helps you avoid being late on bill payments and suffering from interest charges.
- Prism can catch incorrect charges or notice abnormal fees.
Cons of Prism:
- If you donât miss bill payments or have difficulty with tracking your spending, this app might not be too useful.
Learn more about managing your monthly bills on Prism’s website!
Some Final Thoughts & A Disclaimer
While I just spent a few thousand words covering some pretty neat ways to integrate the realms of technology and finance, I want to also get a few things straight.
As I mentioned in the Acorns section,Â I do not personally use all of the apps/services mentioned in this list.Â However, I wanted to create a post that includes some of the most popular platforms out there because while I might not enjoy a particular app/service, other people might find value in learning more about them.
AdditionallyÂ I am not a financial advisor and not every app or service will suit your needs.
I’m really not the most technologically savvy when it comes to my own financial management. I personally believe that at most income levels, DIY investing in various Vanguard ETFs and budgeting with Excel/a trusty notebook will suffice. Additionally, I’m also a recent college graduate, so I don’t have an incredibly high net worth to manage so things are pretty simple.
However, this post isn’t about outlining what platforms are right and which ones are wrong because how you approach your financial management is entirely up to you…I guess I’ve become much wiser since I started this blog and went to war with Acorns and robo advisors a few months ago!
Maybe you’re only interested in passive income apps or freebies like me, or, alternatively, maybe you want to go the distance and load your smartphone up with every financial app under the sun.
Whatever the case, you can make informed decisions that best suit your needs as long as you know what is out there.
ThanksÂ so much for reading! I have some excited posts planned for the next 2 months, so I hope you will consider sticking around.
Catch you in the next post!
All views expressed on this site are my own. I am not a certified financial planner, so when I write about financial apps or services, I do so as a blogger and not an expert. Please use your discretion when reading and be sure to consult a professional if you are ever making major decisions with your money or anything that will impact your well being. This blog is merely a resource, not a definitive guide to anything financial in nature.
Tom is a 23 year old recent college graduate from Canada with a passion for side hustling, passive income, and marketing. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
If you’re interested in freelance writing services or want to partner with This Online World, please visit Tom Blake Digital to get in touch!