7 Apps to Make You Financially Safe

It has been an ancient trend to keep some money saved and to use it in case of an emergency. Bad times are always somewhat unpredictable but if you have emergency fund- a cash reserve in the event of some accident or incident your financial worry is relieved.

According to financial experts you should  have  three to six months’ worth of your must-pay living expenses stashed away in your emergency fund – enough to cover rent/mortgage, food, medications, transportation, insurance and recurring bills. In general, the less steady your income – and the more people are depending on that income – the bigger your fund should be.

If you are among those people who cannot save much or building an emergency fund is a challenge when you live pay check to pay check then it is the time to take help of technology and go for some saving with the mobile apps.  Here find the best 7 Apps that will help you make financially safe.

1. Acorns App

Acorns App

This app not only helps you save money, it also helps grow your money too. Connect your credit cards, debit cards and checking account to Acorns, and it’ll round up every purchase you make to the next dollar, then invest the spare change in a low-cost exchange-traded fund (ETF). Invest in one of six portfolios, depending on your time horizon and risk tolerance, and withdraw your money whenever you like. This app helps you follow good principles of investing, like patience and diversification, without having to think about it.

2. Level Money App

level money app

Level Money is an award-winning app that lets you track your cash flow by acting as a mobile money meter. At the beginning of each month, Level Money “fills up” with your estimated income and automatically subtracts your recurring bills, plus a savings rate, such as 5%. The remaining money is what you have to spend that month. The app connects to your credit card and banking accounts, and every transaction adjusts the money meter so you can see, in real-time, if you are on track – or overspending.

3. PlentyFi App

Plenty Fi App

PlentyFi is an automatic savings program. You tell PlentyFi what you’re saving for – whether it’s a new car, a vacation or something else – and decide how much to transfer to your destination account and how often. PlentyFi uses ACH processing to automatically transfer the funds. PlentyFi claims that its users put aside an average of $300 a month using the app. While the current version of the app is free, the company indicates it plans to release a new version with enhanced functionality and fee-based features in the future.

4. Betterment App

Betterment App

Betterment is the largest, fastest-growing automated investing service, helping people to better manage, protect, and grow their wealth. Use Betterment’s smarter technology to manage your investments in a customized, globally-diversified portfolio.
You can check the balance and returns of your investments in real time, deposit and withdraw money anywhere, anytime, manage your portfolio of stocks and bonds, review your investing goals and account activity.
You can thus build wealth by investing in customized, diversified portfolios of stock and bond ETFs chosen for optimal expected returns, open a regular investment account, a Roth IRA, or traditional IRA, or manage a trust account,  save time through automation, including tax-efficient re-balancing, automatic dividend reinvesting, and automatic deposits. You just save money with one low management cost based on your total account balance.

5. Mint App

Mint App

Mint is a money manager app that allows you to keep track of all your financial activity from all your accounts: checking, savings, retirement and much more. Every transaction is automatically recorded and categorized. Mint makes note of your spending patterns and creates a budget. If you are using on your iPad, it helps you generate graphs to give you visual representations of your net worth and cash flow.

The app is password protected and secure. Also there is a way to deactivate access from your phone through the Mint website if you wish to.  What a wonderful way to have finances under your control.

6. Saved Plus App

  • Available for iOS and Android
  • Price: Free

Saved Plus App

This app works well if you need a little help building up your emergency fund or saving for a dream vacation. You simply create an account, link up your bank account, set your goals and the app does the rest. A percentage of everything you spend is automatically redirected to your SavedPlus account so you can watch your savings grow hassle free.

For instance, you could set your savings rate at 10 percent of every transaction. For every $100 you spend, $10 will automatically be taken from your checking account and deposited in your savings account. The more you spend, the more you’ll be putting into your savings and you don’t (necessarily) have to change your spending patterns in the process.

7. Dollar Bird App

Dollar Bird App

Dollar bird is a great financial planning tool. It keeps an eye on your spending on a day-to-day basis is the best way to see exactly where your money’s going. It lets you keep a running tally right from your smartphone. The app uses a calendar format in which you just enter in your transactions for that day. At a glance, you can see exactly what you’ve spent daily, weekly and monthly, which can be useful if you want to control your expenses and know where your money is flowing.

Now have them in your smartphones (remember some of them are for US citizens only) and try some of these saving apps and brighten your future.

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