People age and retirement is inevitable. But you can do something about it, particularly your future life when you retire, by investing your personal funds while you’re still young. This way, you are well prepared and can enjoy the life that you desire after retirement.
Many adults, though, are finding it hard to manage their money and save. They have difficulty budgeting and controlling their spending habits resulting in little or no savings at all.
Thankfully, there are now numerous finance apps that people can use in their mobile devices. With these apps on their gadgets that they can’t live without, they can be sure to be reminded of their financial obligations on a regular basis. They are helpful as well in making smart investments and in your IRA retirement planning.
Acoms is an investment app with a goal of encouraging small yet gradual investments to help users in growing their portfolio. This tool available for both iOS and Android devices can link up to your bank or credit card account. What it does is automatically round off to the nearest dollar the amount you’re going to pay and put the rest of your money in a flexible investment portfolio.
Betterment is another automated fast-growing investing service ideal for people looking for long term and large scale investment tactics. Its main aim is to help people manage, protect and grow their wealth the easier way. Its mobile app lets young users enjoy many features available on the website such as asset allocation, goal setting and portfolio management. Users can also easily access their existing IRAs (investment retirement accounts) and other retirement plans. Deposit options are also provided for iOS and Android users.
Robinhood helps users who want to invest in stocks, particularly the young ones. One only needs to deposit a certain amount into the Robinhood account and they can then proceed with buying and selling stocks with no per-share fees or per-trade fees involved. This tool available for iOS and Android users is also ideal for people who have been using brokerages.
Launched in 2014, this stylish app allows for cheap and mobile stock trading. It has, so far, attracted hundreds of thousands of users and facilitated more than $1 billion in trades.
The PocketGuard app links to a bank account allowing users to access their current balance and other transactions. The homescreen displays the amount of money you have right now, your current income and how much you’ve spent. This budget tool then analyzes your spending to point out recurring payments. It also identifies a user’s income to provide you an idea of his cashflow. The best part is it can be accessed from an iPhone, Android, Apple Watch and on the web.