Dealing with financial stress can be difficult for many. After all, it can be embarrassing to talk about money or ask others for help. Even if it doesn’t seem like it, most people go through periods of financial stress from time to time.
If you are going through a stressful financial time, there are apps that can help you navigate it. Whether you need to budget, improve your credit score, or earn some extra cash, these smartphone apps can help.
Steady is an income-generating app that earns money by directing users to free offers (or free trial) and gives you a percentage of its earnings. Basically you get paid to sign up for free stuff.
For example, you can claim $ 50 when you sign up for a free bank account. Or $ 5 when you use a free credit score booster. Steady pays you in the app, so you don’t have to go to every vendor to collect your earnings. Although sometimes you can get additional income from the vendors as well.
Steady also has a database of concert-based works, where you can earn extra money that day. You also get a Steady bonus for signing up. Its database also includes home jobs, like writing captions or even serving on an online jury.
To download: Stable for iOS | Android (free in-app purchases available)
Mint makes it easier to manage your finances, which can help you get out of a financial hole. Sometimes budgeting can be too stressful and we can miss important payments. With Mint, you don’t have to worry about it anymore.
The Mint app tracks all your finances and calculates your active subscriptions. It also shows you your current net worth based on your assets, so you can see if you are living beyond your means.
Mint is also loaded with other great features, such as tracking your credit score and tracking your tax refund. You also get personalized information about your spending habits to see if you’re overspending in certain categories.
To download: Mint for iOS | Android (Free, subscription available)
If you’re struggling to save money for retirement, consider using Acorns. Acorns is an investment service that rounds all your purchases to the nearest dollar. Then this money is deposited into a retirement account.
For example, if you spend $ 1.55 on a coffee, the Acorns app will round up to $ 2.00, putting $ 0.45 into your retirement account.
While this may not seem like much, it does add up over time, giving you a head start when you’re in a position to save more money for retirement.
If you want to set up simple recurring investments, Acorns allows you to do that as well.
With Acorns, your money is automatically deposited into wallets selected by experts. You can also choose to deposit your funds into an IRA.
To download: Acorns for iOS | Android (subscription required)
4. Credit Karma
Sometimes getting into better financial shape means improving your credit score. After all, a better credit score means you can earn lower interest rates on new or existing credit cards. It also means more affordable loans and a cheaper mortgage payment.
The Credit Karma app provides free tools to check your credit score without performing a strict credit check on your account. Some other credit score checkers do this, making your credit check even more damaging to your credit score.
That’s not the case here. Credit Karma also provides financial advice and lets you know if you’ve missed a payment.
For those with large credit card debt, Credit Karma also offers advice on a consolidation loan. This loan is usually low interest rate and consolidates all your debts into one monthly payment.
To download: Credit Karma for iOS | Android (free)
5. Real invoice
Truebill makes it easy to see what active subscriptions you have and to cancel subscriptions you no longer use. Truebill also checks if there are any subscriptions you forgot and are still paying.
Truebill makes it easy to cancel subscriptions or see when a price goes up.
Truebill also has a bill negotiator, which can help you lower your monthly bills. The advantage of its bill negotiator is that you don’t pay a dime unless the price is successfully reduced. The amount you usually pay is around 40 percent of the amount saved, which means you get the remaining 60 percent for yourself.
To download: Truebill for iOS | Android (Free, subscription available)
NerdWallet, another great budgeting app, tracks your spending and gives you ideas on how to save money. NerdWallet offers credit score checks, financial advice, and financial planning, all for free.
NerdWallet is known for its credit card analysis, and the NerdWallet app will let you know your chances of approval before you apply for a new card. After all, you can only make a certain number of requests for your credit score information in a given time period. If you write a check and don’t get approved for a card, that means you’ve lost your application.
To download: NerdWallet for iOS | Android (free)
Earnin is a payday advance that allows you to access your paycheck a few days early. If you have an invoice that needs to be paid now but your paycheck is in a few days, consider using Earnin.
Unlike traditional payday loans, Earnin does not charge a fee. However, users are encouraged to tip when they receive their payday advance.
Although Earnin asks for tips, you don’t have to give anything. Earnin also generates money through affiliate commissions within the app.
Earnin deposits your money into your checking account and sends you notifications when you need to pay it back. This will usually be your payday and will be the amount you have withdrawn, plus the optional tip of around $ 5 on average.
Make sure you only use Earnin if you have a guaranteed check or direct deposit on the way and only if you are sure you can pay it all off when you get paid.
To download: Win for iOS | Android (free)
Reduce your financial stress and live comfortably
While finances can be stressful at times, there are some great apps that can make your financial situation easier. The days of hand balancing checkbooks are long gone and technology has given us many great tools to understand our finances.
Apps make our life easier, so why wouldn’t we want them to help us manage our finances as well? By understanding our budgets, improving our credit rating, and saving for the future, we can feel more comfortable in the present.
As winter approaches, following these tips can help you save huge amounts of money on your utility bills.
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