Let’s be honest. Managing money isn’t easy for everyone. Financial management is multi-faceted. It involves more than just spending less than you earn, but spending and managing your money in a way that is conducive to your well-being and quality of life. Keeping track of your finances requires a variety of steps that must be applied, measured, and adjusted regularly. Because financial management requires so much, it’s not uncommon for people to make mistakes or avoid the process altogether.
The good news is financial technologies have advanced to make money management easier to understand, apply, and maintain. One of the latest financial tech innovations is mobile apps that enable consumers to complete everyday financial tasks from their smartphones. Whether you need help budgeting, saving, investing, setting goals, or paying down debts, financial apps are available to assist you.
Mobile Banking Apps
Mobile banking apps like those offered by ONE allow customers to access their financial accounts from virtually anywhere without having to log onto the internet. With the click of a button, you can sign in, view financial details, and complete transactions. Whether you need to pay a bill, transfer money, deposit a check, locate an ATM, or balance your budget, you can do so in real time.
Personal Finance Apps
Personal finance applications are instrumental in helping individuals manage their finances and accomplish financial goals. Some apps allow you to budget, save, manage debt, pay taxes, track spending, set savings goals, etc.
As you browse personal finance apps, you’ll find that each brand has unique features and resources to help you achieve specific monetary goals. For instance, there are budgeting apps for couples that enable them to view joint and separate accounts, set relationship savings goals, create bill reminders, assign certain expenses, and make transfers to ensure bills and expenses are paid.
Stock Trading Apps
Navigating the world of stock trading isn’t easy. You must understand the market, pay attention to trends, and ultimately make informed decisions on when to buy or sell stocks. Not to mention, managing multiple accounts daily is time-consuming. Downloading a stock trading app can simplify the process as you make your way to financial freedom.
These digital platforms enable everyday consumers to buy and trade stocks instantly from their smartphones. They can view market trends, get advice or alerts, and learn new strategies to increase their profit potential. This takes away a lot of the guesswork and confusion, allowing more people to tap into earnings opportunities for a brighter future.
Goal Setting Apps
Most people have goals or dreams that they’d love to see manifested in their lives. However, having a goal and accomplishing it are two different things. You may know what you want to do but aren’t sure how to get there or lack the motivation to do the work. Goal-tracking apps can be invaluable in helping you overcome these challenges.
Let’s say you need to save $15,000 for a down payment on a house, and you hope to do this within the next two years. You can enter this goal into a tracker app, list the actions you need to take to reach your monetary goal and designate a timeline. The app will track your progress, send out reminders, and even provide messages of motivation to inspire you to keep going.
Some goal tracker apps will even provide recommendations on how you can accomplish your goal faster. For instance, giving you a list of ways to earn money or reduce your debts to save more money.
We all want to be financially stable, but doing the work to manage your finances isn’t always easy. With the right financial apps and resources, you can develop healthy habits that stretch your income further.