Technology can go a long way in making life easier. From microwaves to cell phones, and everything in between, technology aims to make day-to-day life just a little more convenient (for the most part).
Financial technologies do the same thing, and we experience it every time we pay for something with a credit card instead of cash and coin or click “buy” on our PC or mobile device. But what if I told you that there were a host of tools out there designed specifically to help you save and manage your money? Sure, having convenient technology to make purchases makes sense but so does having apps to help you keep track of how you’re doing financially.
Here is my top seven list of personal finance tech and apps that I think can make life easier.[i]
1. Making Payments: Venmo
Venmo quickly replaced PayPal for being one of the best finance tools out there for sending and receiving money. It’s no wonder PayPal acquired it in 2013 for $800 million! Whether you owe your friend some cash, need to pay the babysitter, or you’re receiving a cash gift from someone you know, Venmo is quick, easy, and convenient. Venmo.com
2. Managing Invoices and Payroll: Quickbooks
If you’re a business owner, you may want to check out Quickbooks. It is built on the same Intuit platform as Venmo and makes it easy to generate invoices, get paid by your clients, and manage the payroll for your staff. You can even file your taxes through Quickbooks, which is a huge time saver for business owners (not to mention cost-saver). Quickbooks.com
3. Inventorying Your Business and Home: Sortly
Accounting for your home or business inventory in the event your home or business is ever broken into, exposed to fire, or other undue acts is vitally important. For more information on the importance of inventorying your possession, check out my Protecting Your Home Inventory blog post. The Sortly app makes inventorying your possessions easy. No tech experience is necessary. Once you set it up, you can track assets online at any time and from anywhere, and it is very easy to use. Finally, it is customizable so you can control how you want to create an inventory that makes sense for you and your family. Sortly.com
4. Buying Groceries: Walmart Grocery
Have you heard or tried the new Walmart Grocery app? If you have a Walmart Superstore in your area, this is something worth checking out. From your phone you can easily fill your shopping cart with any and all items that Walmart sells, schedule a time to go pick up your order, pay, and voila! You just saved loads of time and were probably able to stick to your grocery budget a little easier. The new Walmart Grocery app also keeps track of your shopping history and marks certain items as “favorites,” which you can update manually. This makes your next shopping order even easier if you tend to buy the same items over and over again. Grocery.Walmart.com
5. Keeping a Monthly Budget: EveryDollar
Even though Mint allows you to do this, if you are just wanting an easy tool to keep a monthly budget you and your family can all access, this is a great option. EveryDollar was created by Dave Ramsey’s company in 2015 as a way to make budgeting fun and convenient. It follows the same format as his worksheets but is handy as it lives right in your pocket and is easier than Mint quite frankly. EveryDollar.com
6. Keeping Track of All Your Finances: Mint
This is a finance app that usually makes everyone’s list, because it is one of the best for managing your money. It makes it easy and secure to connect all your financial accounts, so you can keep track of your spending while also featuring attractive tools for creating and sticking to a budget. If you’re looking for a convenient way to keep an eye on all your financial accounts, this may be the app for you. Mint.com
7. Future Map Financial’s Planning Tool: Future Map Financial
I would be remiss if I didn’t tell you about our own financial planning tool! It is a secure financial planning tool that walks you through a simple six-step process that allows you to establish financial goals, aggregate all your financial accounts, view account balances, create a budget, categorize financial transactions, and calculate net worth. The account aggregation tool pulls in all your financial transactions for the past three months and updates daily.
I am super excited to offer readers of the FRANKly SPEAKING blog access to this helpful tool. You can create your account and access the financial planning tool today here: Future Map Financial’s Planning Tool. Once you create your account, I will send you instructions on how to download the app.
Try out some of these finance tools or let me know which ones you have found makes your life easier! At the end of the day, there is no reason why we can’t all enjoy a little more ease and convenience when it comes to reaching and maintaining our financial goals. These seven tools are just a few that I find to be remarkably effective in helping to manage day-to-day money matters.
NEXT FRANKLY SPEAKING POST…
‘Tis the season of giving. That’s why the next FRANKly SPEAKING article shares ways you can make charitable contributions before the end of the year (and why timing can make all the difference from a tax standpoint, too).
As always, I invite you to reach out to me – in real life – with any comments, feedback, or questions! firstname.lastname@example.org. Are you ready to take the first step towards securing your financial future? If so, schedule your free 45-minute no-obligation consultation with me today. Schedule Your Consultation with Frank.
Disclaimer: The information contained in this article is for informational purposes. None of the information provided in this article is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. Please consult with your accountant, finance professional, and/or legal counsel regarding your specific circumstance. Reproduction of this material is prohibited without written permission from Frank Shields, and all rights are reserved. Read the full Disclaimer.
[i] Future Map Financial is not affiliated with any of these companies or products, nor does it receive any commission or advertising revenue for mentioning them on its website. These are strictly the opinions of Future Map Financial.