Financial Apps Everyone Should Have

March 14, 2023 at 14:24 PM EDT

Smartphones have made being online a breeze for most people. Downloading suitable apps enables you to do many things digitally, saving time spent in queues or phone calls. When it comes to financial apps, there are a number of options that can make your life easier. We look at the top apps you should have to answer all your banking needs.

Your Bank’s App

There are numerous benefits to having a banking app. Getting your bank’s app set up on your smartphone will save you tons of time and give you extra convenience. For one, you can use it anytime, wherever you are. It only takes a minute or two to get a personal loan approved, pay recipients, check your balance, transfer between your main account and your savings account, and get airtime, to name a few uses. You can also have an online chat with bank employees to get help with your banking.

Money Transfer App

Transferring money locally and internationally is one of the most regular things a businessman will do, meaning an app that has the ability to transfer money into one of over 165 currencies from around the world feels like a blessing. There are many options available such as Ria Money Transfer international app. If you are working in the USA and have family back home, you can send them money to cover essentials such as doctor’s appointments or just for day-to-day living: meals, school fees, and clothing with a blink of an eye.

Budgeting App

Budgeting apps allow you to create a budget and track it electronically. Some apps give you the option to open digital pockets for different savings items, e.g., school fees, car maintenance, home repairs, unplanned expenses, a wedding, or whatever your personal requirements are. You can set up notifications of the due date of bills and put aside money for retirement. These apps help you to live within your means. Some apps can even track your credit score.

Most people work out their budgets using either MS Excel or Google Sheets. You can get an app that is linked to your bank account and credit and debit cards. The app will update your spreadsheet budget with actual information from your bank account so that you know exactly how much money you have and what has been paid. These apps usually provide budget templates to use.

Comparison App

Before selecting any service provider for your financial needs, it helps to make a comparison of all your options. NerdWallet has already made these comparisons for you. Such apps help assess personal loans, insurance, mortgages, investments, credit cards, student loans, small businesses, and travel (e.g., loyalty programs). Additionally, such apps provide blogs on various aspects of financial management. And most of the time they are free.

Investment App

An investment app is a great way to educate yourself on developing your investment portfolio. Some of these apps have games you can play without risking your money as you buy and sell fictitious stock and start to understand how it all works.

You can also get apps for actual trading that keep a real-time record of your investment account. With this app on your smartphone, you can make and enact decisions at any time or place. They also teach you more about different aspects of investing. Some apps can make decisions on your behalf.

Financial markets are no exception to the rapid development of technology and new tools for any occasion.

Featured Image: Pixabay @ LoboStudioHamburg

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