When it comes to each person’s financial situation, there’s no one instance that’s the same. Each person has their own issues and potential when it comes to your overall worth. Below are apps that will help you invest more, manage your money, and keep ahead of all financial aspects.
Getting into investing could be an intimidating financial choice. With the M1Finance app, you’ll find it super easy to get started in stocks no matter if you are a beginner or advanced. The coolest feature involves investing in portions of unaffordable stocks Amazon and Apple.
Perhaps you don’t know much at all about stocks, and with M1 you can choose handpicked stock portfolios from experts! Price: FREE
Not too long ago the economy was shattered by incredibly high real estate prices, rending future generations useless in the Real Estate Investing field. Some may joke that Millennials will never own property in their lifetime, while the generation themselves have been scrappy in finding other places to invest.
Real Estate Investing is less risky than stocks, yet seemingly impossible to get into if you don’t have much money until now! You can now invest in portions of Real Estate (eREITs) through this app! You can get started in Real Estate Investing with as little as $500 (which sounds like a lot but isn’t in this investing field). Price: $500 Minimum
3: Lending Club
Peer to Peer investing and borrowing has been around for about a decade now, yet people often forgo this solid investing opportunity. By investing in other people’s loans you not only help someone pay off debt or a project but with a higher return than most portfolios out there, it’s no wonder why many experienced investors dabble in P2P.
Lending Club is one of, if not the largest Peer to Peer Loan Marketplaces around. Not only can you invest in other’s loans but you can get your own personal loan as well with a decent interest rate. Price: Minimum of $25 Investment
If your workplace offers a 401k or 403b plan, it’s likely that it’s not fully optimized to get you the most bang for your buck. By allowing an app like blooom to help boost your 401k plan’s potential, you’ll earn way more money in retirement if you don’t!
It’s like having your financial advisor without having to pay boatloads of money for! Price: First Month Free, then $10/mo
It wasn’t too long ago that stocks were such a hassle to get into. The stock market investing world stood on its feet when Robinhood became popular. Considered by many to be the pioneer of making stocks available for beginners and anyone who wanted access, Robinhood needs simple information for you to trade stocks for Free.
Although there are several competitors out there, Robinhood continues to evolve in this ever-changing world. Now they accept Free trading with Cryptocurrency, making Robinhood an appropriate one-stop place to trade stocks. Plus they will also be adding their own banking with 3% interest! Price: FREE
It turns out that many people we talk to do often not get into stock trading because the companies they want to invest in are way too pricey. Take Amazon for example. Their current stock price is over $150o per share. That means if you’re going to invest in Amazon you’ll need $1500 just for one share!
What StockPile does is make these stocks more affordable by investing in a single portion of a share of Amazon for as little as $5. Sure it will be a small fraction of what a single piece of stock is, but as the Stock grows, so does that $5! Now you can invest in multiple companies you want to invest in! Price: $0.99c per trade (FREE STOCK INCLUDED)
Have a passion for a better environment, while also wanting to get into investing? Swell packages sustainable stocks like Healthy Living, Zero Waste, and Clean Water into a portfolio ready for anyone to invest through. These stocks will be handpicked by advisors who are experts within the field!
Swell’s whole motto is “Impactful Investing Where You’ll Make a Profit.” Price: 0.75% Annual Fee
It’s challenging to enter investing when you don’t know much about it, or don’t have that much money to commit to a portfolio. With the Acorns app, you’ll be able to invest spare change into a stock portfolio.
What this means is that, for example, you fill up at the gas station and you spend $29.50 filling up. Acorns will round up the other 0.50 cents to make the purchase $30 even. By taking these spare change transactions and turning them into investments, it’s a harmless, yet simple way to invest money you never thought possible! Price: $1/mo
Tracking investments, expenses, budgeting and more can be a genuinely complicated task. Personal Capital serves as a one-stop dashboard for all of your financial management needs.
Though you are likely to find it useful should you have a higher net worth, those looking to track their net worth even with little money could find this wealth management tool very useful! Price: FREE
Insurance is a pain for many families. For one, it’s an expense no one sees unless there’s some accident. This deters many people from signing up for insurance. When something wrong does happen, you better have insurance since we are human after all.
Cover makes it super easy to sign up to any insurance by using your smartphone camera! You can ensure your pet, a piece of jewelry, or your home. All you need is your smartphone to get started! Price: Per Quote