FinTech, also known as Financial Technology, has taken off in the last few years. There are so many apps and online financial platforms that you can use to help you reach your financial goals or to view your financial wellbeing.
The first type of app to have on your phone is a budgeting and tracking app. Apps like Every Dollar and YNAB are great to help you track your spending as well as create your budget. Tracking spending and budgeting does not have to be difficult so download one of these apps to help you get started.
Another app to have is a credit score app. Credit Karma and other apps will help you keep track of your credit score. You can get in-depth information about your score and areas to work on to help increase your score. You’ll get alerts when your score changes or if your credit report was recently run. Checking your credit score often will allow you to check any discrepancies.
One last app to make sure you have on your phone is a net worth app like Mint or Personal Capital. Having an app like this gives you a picture of your financial wellbeing. If you have student loans, retirement accounts, savings accounts, a car lease, and a brokerage account it can be overwhelming to know the status of these accounts. Having one place for you to keep on these accounts will give you a sense of peace that you know where your finances are.
