Historically, financial services have given zero f*cks about making useful, cool tech tools and apps to help their customers. I have always questioned why banks and other financial service firms have had crappy websites and buggy apps that are more of a headache than they're worth. But I realized it was because finance has been ruled by a bunch of old dudes who don't give a shit about using tech to make their lives easier. We have been waiting with bated breath for tech to disrupt financial services to make useful, cool applications to help the world manage and organize their finances. And the moment is here and it's amazing. Here is our current roundup of our favorite FinTech tools.
You Need A Budget
You Need A Budget is an awesome budgeting application that wants you to stop living paycheck to paycheck and change your behavior. The app isn't free, which we love, because you have skin in the game and the data is your forever. The only budgeting app you need.
Good budget allows you to use the envelope system without the hassle of keeping up with the actual envelopes. It's an envelope budget for the digital age.
Buxfer is one of the best choices for your personal finance management, especially if you're looking for an easy-to-use online platform. We love the dashboard that gives you a quick overview of what you've got going on.
Truthfully, our favorite savings tool is to set up an automatic weekly transfer from your checking to your savings. Almost all banks should allow you to do this. Set it and forget. Boom.
Bankrate.com can help you find the best high-yield savings rates currently available.
An automated way to create a weekly savings habit, Digit offers a technology-based idea that will make saving money as easy as texting.
Acorns automatically rounds up purchases and invests the change.
If you are concerned about high fees, good asset allocation and whether a financial advisor has your best interest at heart, Betterment is the best solution to make investing easy.
An automated investing service with an emphasis on asset allocation with low fees. Wealthfront's service really shines with taxable accounts.
FutureAdvisor is an online investment advisor that automatically manages your investments.
If you're a freelancer or have a side hustle, you might want to look into these simple-to-use (but this also means limited functionality) tools for doing on-the-fly bookkeeping.
If you need more robust software, here are our favorite tools:
Xero is a cloud-based bookkeeping software. It has awesomely, beautiful integrations.
Quickbooks has kind of always been the holy grail and Cadillac of bookkeeping software. The online version is less robust, but the interface is pretty damn good. If you use this link you can get 30-50% off your subscription for 6 months.
LessAccounting is a beautifully designed, cloud-based bookkeeping software. It's interface doesn't make you want to poke out your own eyeballs, but the reporting is not as robust as other platforms.
Ready for Zero
ReadyForZero is a free online tool that creates a customized plan unique to you and your financial picture. The interface, visual charts and progress updates via email, help keep you engaged and stoked on getting out of debt.
Start using these tools and you'll be damn well on your way to getting your finance organized and automated.
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