It’s no secret that technology has changed our way of life. Tasks that used to require significant time and effort (and sometimes leaving the house) can now be accomplished with a few searches and clicks. With regard to smartphones, we can do practically everything from the palm of our hand.
Internet access and mobile phone applications allow us to work, play, communicate and, above all, manage our lives on-the-go or at home. It’s almost impossible to imagine being without our smartphones because we’ve become so dependent on the ease and opportunity that they’ve brought to our lives.
Because these apps reduce the stress of keeping track of necessary items such as contacts, appointments, notes, and emails, it isn’t far-fetched to see how they can help organize your financial life. No longer do you have to procrastinate getting your finances in order. There are apps designed to help you in every financial aspect.
If your money burns a hole in your pocket, you’ll want to look into some of the budgeting apps. These can automatically build budgets and track weekly, monthly and one-off budgets. This way you know exactly how much you can spend on which purchases. For example, purchasing groceries should always come before entertainment expenses.
Student loans and credit card debt can be shackling, but certain apps can assist in managing debt in order to mitigate the burden. They consolidate account balances, bills, and payments onto one platform so you can easily see the status of your debt. You can also look into various payoff methods through an app.
Saving money for a large purchase, such as a down payment on a house or an elaborate vacation, is easier said than done. Apps like Acorns, Paribus, and Wikibuy excel at saving you money. They work automatically on your behalf to find every spare dollar. What’s not to love?
Still not sold on the idea of apps managing your finances for you? There are also programs made specifically for overall financial management, tracking expenses, sharing expenses, and investing. Whether you live alone, with roommates, or with a dependent family, you can benefit from financial apps.
The infographic below offers details and pro tips for the 21 best apps to help you reach your financial goals. Regardless of the size and implications of your monetary objectives, downloading these apps onto your smartphone is the first step to achieving them.