The new year is officially underway, and that means a lot of us are setting goals. Among the usual resolutions like eating healthier, exercising more, or achieving a milestone at work, a lot of us being thinking about our financial situation. If you’re trying to watch your budget more closely, there are some great iPhone apps for budgeting you should look at.
Apps for Budgeting
MoneyLion has been expanding from lending into other services that help their customers track spending and build savings. This app helps you visualize your money in stacks of bills, giving you a good ‘picture’ of what you’ve got.
Stash helps users with micro-investing, giving you more control over where and how you put your money to work. Like most investing apps, Stash offers exchange-traded options that let you set how much risk you’re willing to take. But it also lets you choose investments around specific interests, such as clean energy or high-tech options. Stash service costs $1 monthly if your account is less than $5K. For larger accounts, they’ll charge you a .25% annual fee.
This app links with your checking account to analyze your spending, then make small transfers to help build your savings. Unlike a lot of other apps, it doesn’t round up your transactions to the nearest dollar. Instead, it calculates how much it saves depending on each month’s spending. $33 at the pet store? $78 at the grocery store? Whatever it is, this app tracks your habits. Your first 100 days are free; after that there is a $2.99/mo service fee. However, the savings account gives you a 1% annual savings bonus if you save for 3 months in a row.
4. Long Game Savings
If you like to play games on your phone, you might as well boost your savings while you’re at it, right? This works a little bit like a lottery game, but instead of spending money and getting nothing in return, you earn chances to win the game based on your savings habits. Saving money actually earns you coins that let you play the games. There’s a .1$ APY, and the app always protects your principal.
Download these budget apps here!
What apps for budgeting have you used? Let me know how well they worked for you by leaving a comment. Keep reading for more budgeting tips.