Whether you’re a seasoned investor or are just beginning to deposit money into a 401(k), you probably know how quickly personal finance can become confusing. It’s easy to lose track of your money and, by doing so, either lose money you have or miss out on the opportunity for profits. That’s why you should use tools that help you optimize your personal financial situation. Here are five apps and tools that can assist you in managing your money.
This app provides the efficiency frequent traders need. This downloadable program offers a live market scanner that can help you quickly screen for current trading opportunities. The app pours over the entirety of the stock universe, using display symbols that are filtered based on your preferences. With over 20 years of historical data to study, and 100 possible criteria to search on, this tool can be an effective way to streamline your opportunity-spotting process.
This app was designed for navigating secondary markets by secondary marketing professionals. The MCTlive! app can help with day-to-day mortgage loan pipeline management, trade positions management, and loan sale best execution. Review and react to market changes from anywhere, so that you stay one step ahead of the game, even when you’re on the go.
Seeing as it offers real-time reporting, automation of repetitive tasks, tons of customization options, and an unlimited amount of support and training, the MCTlive! app is a valuable asset for secondary marketing professionals everywhere. It’s a tool that has the potential to completely change for the better how you manage secondary marketing.
Acorns is an all-in-one personal finance app that over seven million people use to manage their money. Why is Acorns so popular? Because it makes investing your money easy. With its sleek design and intuitive interface, the app has attracted many people who have always wanted to get started investing, but were too intimidated by the complexity of the financial world to take the first step.
One of the best features of Acorns is that you can hook up your checking account and set the app up so that it automatically deposits the spare change from your everyday purchases into an investment portfolio. This way, you don’t even necessarily have to determine how much money you want to invest on a monthly basis—by simply rounding each purchase up to the nearest dollar, you’ll be making small investments on a regular basis and you’ll hardly even notice you’re doing it! All of that spare change adds up, so it’s a great, easy way to get started in investing.
Everyone needs a budget in order to keep their personal finance in good order. The more detailed and comprehensive the budget is, the more likely you’ll be able to achieve your financial goals. That’s where Budget Boss comes in.
In addition to being an effective tool for coming up with a budget and tracking your progress, the app can also predict your future account balances by learning your spending habits. It allows you to see financial projections up to two years in the future, information that can help to inform your short- and long-term personal finance goals. Also, being able to see how much you’d save in the future if you stuck to a certain budget can be a fantastic motivating tool that helps you stay disciplined in your spending.
With the Personal Capital app, you can easily organize the various elements of your financial life by bringing them all together in one handy, accessible place. The app offers an easy-to-use interface that gives you a comprehensive view of your major financial assets, from personal checking accounts to investments to retirement accounts. It doubles as a budgeting tool and a tool for managing your investment portfolio—and it does an exceedingly good job at both those functions.
As a budgeting tool, it makes it simple to set up spending goals and keep track of your expenses over time. As an investment tool, it gives you a clear view of your situation by allowing you to see investment graphs ordered by asset class, investment account, and individual investment.
In addition to your investment portfolio, the app helps you plan for retirement and gives you a full picture of your finances by providing you with your up-to-date net worth. As a bonus, you can contact professional financial advisors through the app who will use their expertise to help you get your finances in order.
Just because money management is a necessary part of life doesn’t mean it’s easy. However, you can make it a lot easier when you use the proper tools.