Apps For Your Finances

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

How much have I spent on eating out this month? It is a question that although it seems banal is key to take charge of your finances. “[If] you ask yourself while you decide whether or not to order food at home. If you were to use a budget app, all you would have to do is look at your expenses on your phone to find the answer,”says Elaine King, the finance guru and founder & president of Family and Money Matters ™.

King is one of the experts and celebrities who will participate in the 2020 edition of Powerful LIVE! to be held this March 14 in Miami. The free event offers inspiring workshops, talks, and round tables filled with women's empowerment tips and tools. On the way to the event, King explains how to use the power of technology, especially apps, to be able to use our money wisely.

"In today's world, technology, including cutting-edge tools like artificial intelligence, is here to help you manage your finances," he explains. “By using the correct applications, you can ensure that you are achieving your financial goals. These applications can save you the time you would have to spend adding and subtracting because they keep your accounts up to date and even analyze your expenses, and you don't even have to think about it.”

Financial apps you should try:

To plan your budget

We all need a budget to help us decide how to spend the money. If you need help in this area, try the GoodBudget app. With this application, you divide your money into categories such as food or entertainment. The app then tracks these expenses in each area.

To save

We should all save as part of our budget. Save before spending. Otherwise, you will only save what is "left over", which is often nothing. Try Chime Bank if you have trouble setting aside money to save. This bank offers several solutions that include saving a percentage of your salary or rounding up purchases to the nearest dollar.

To eliminate your debt

The interest you pay on debt can quickly accumulate. So it is smart to make a good plan to pay off debt. You can get an extra job to earn more money or find ways to spend less. However you do, paying your debt is a smart idea. Try the Clarity Money app if you need help analyzing your finances and finding changes you could make to eliminate your debt.

To invest your capital

You can change the world through your investments! If you are passionate about green technology or social programs, you can earn money and support these causes. This is called impact reversal. You can use the Motif application if you are interested in this type of investment.

To help the community

Money serves more than just spending and saving. You can also share your money with other people by donating to charities or organizations that are important to you. Sharing money feels good and makes the world a better place! Use independent evaluators like Charity Navigator to choose charities that follow the best industry standards.

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