Who doesn’t struggle with personal money management and saving a few more bucks every month? Seems our money goes out the window faster than we earn it. Even with all the access to information on the internet, personal advice from friends or family, and even financial tips from the pros you’d think it would be simple to do. Yet, saving money and investing is still a difficult task most people put off. I know for myself, I need a money saving and investing program that is on auto pilot – one I don’t even have to think about and helps me save each month without even realizing I’m doing it.
The following 7 money saving apps are totally free and terrific for saving or investing money on an automated and regular basis – see which ones fit best into your busy lifestyle and your nest egg will be growing before you know it!
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Mint links all of your bills, your bank accounts, investments, credit cards etc. in one easy to understand financial space. You will see exactly where your money is going, which will allow you to cut back if you need to or put more money towards a specific debt. The user-friendly app (from the makers of Turbo Tax) lets you check in on your finances 24 hours a day from the convenience of your smartphone. You can even keep track of your credit score. And no credit card required.
Robin Hood, based which is a fictional character, is a heroic outlaw who steals from the rich to give to the poor. His goal of redistributing wealth to improve the lives of the “99 percent” is what Robinhood seeks to do as well. It aims to “provide everyone with access to the financial markets, not just the wealthy.”
What I love most about Robinhood? – No fees! No commissions!
It’s the best way to trade in the market, simply, free and fast! Your securities are protected by FINRA, your personal information is fully encrypted and stored.
I love this app because they don’t charge you outrageous, expensive fees to invest your own money.
They also offer ‘Robinhood Gold’ which is an upgraded version to access to more money if needed and you can earn free stock for referring friends and family.
In 2013, Robinhood launched a commission-free investment app to disrupt the US investing sector.
I use Robinhood myself which provides me with access to stocks, funds, options, cryptos, and cash management services.
They also have a premium plan which offers professional research reports, margin trading, level II market data, and other benefits.
Robinhood has both web and mobile apps for Apple and Android users.
Even the big players in the industry are following Robinhood’s lead.
In 2019, Charles Schwab, TD Ameritrade, Ally Invest, eTrade, and others began offering zero-commission trades.
The move crushed brokerage stocks, which led to Schwab announcing an intention to acquire TD Ameritrade and Morgan Stanley the same with E-TRADE.
The new landscape is one of free trading and consolidation to compete with Robinhood and similar start-ups.
Here’s a review from Investopedia on Robinhood.
- Founded by Vladimir Tenev and Baiju Bhatt
- Headquarters: Menlo Park, CA
- Valuation status: Unicorn
- Operates in the US and UK
- Robinhood Snacks is a “3-minute newsletter with fresh takes on the financial news you need to start your day.”
Robinhood also has a fantastic referral program.
For each new friend that you invite and signs up to Robinhood, you can both earn free stocks.
Once your lead’s application gets approved, Robinhood will credit both of your accounts with a free stock.
You’re eligible to receive up to $500 in rewards each calendar year. That’s a pretty great deal for both of you!
Robinhood is a pioneer and paving new paths in the investment industry. It was the first to offer a zero-commission investment platform and continues to expand its product roster.
You can have every confidence in this company that you are referring your friends and family to a trusted resource.
Good Budget is a digital version of the paper envelope system. Goodbudget helps you to stick to your budget limits without the hassle of keeping actual cash in physical envelopes. It’s available on the Web, Android, and iPhone. Save for big expenses, share household expenses, and budget on-the-go. Goodbudget makes it easy to live out a budget based on the envelope budgeting system.
If you have trouble keeping track of multiple saving’s goals like Holidays and Birthdays and all those other things that come up, you want to save money for, Smarty Pig may be the answer for you.
SmartyPig’s goal planning system not only helps you map out short-term purchases like birthday gifts or new running shoes, but also long-term savings goals like a trip to Italy or a car down payment. SmartyPig was designed to put you in control of your own goal planning and financial independence by helping you build a save-then-spend mentality and being rewarded for doing so.
SmartyPig is a unique savings program designed to help people save for specific goals. Savings goals may be funded with scheduled, recurring contributions from an existing checking or savings account, so you can set it and forget it.
And SmartyPig savings app also helps you stay on track with a goal planner, helpful reminders, competitive interest rates, referral bonuses and more!
This is pretty awesome because MyMoneyCircles offers an online community which allows you to take manageable steps towards strong financial health.
Kind of like a 4 week financial bootcamp with success guides that take 20-30 minutes a day. By the time you finish the camp you should know just about everything you need to know to manage your debt and your money like a pro. Almost like having a personal trainer for your money!
Offers a Free membership.
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“The Best FREE Finance Tracking App Available” – MacWorld
If you are having trouble keeping track of your investments, or understanding how they work together, this tool will help you figure it all out once and for all.
Free tools to help keep track of your 401k, mutual funds, IRA’s, stocks, etc. – Get award winning tools from registered financial advisors for significantly less than traditional advisors.
Micro investing without even noticing. Put your spare change to work for you. Works on the premise that anyone can grow wealth on a little bit a day.
Invest, save and diversify without lifting a finger. Sign up in under 5 minutes, stick with it and invest your spare change automatically.
If you put these tools to work you won’t have to make a conscious effort to save money automatically. Even the smallest amount helps. Educate and invest in your future today and you’ll be happy you did tomorrow.
Want some awesome money making ideas to save extra money either as a side hustle or a full time career? Read these posts!
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