Track Spending and Budgets With Money Management

One of the best ways to build wealth and work toward financial freedom is to invest. With investing, you take advantage of compound interest and put your money to work for you over time.

Investing doesn’t have to be complicated or expensive. Over the last few years, new tools have emerged that can help you get started easily. You can begin investing with a relatively small amount of money, and even set up an investment plan that puts your savings on autopilot.


Details

Mint is the OG of the online budgeting world. You can sync your bank accounts and be tracking your spending. Budget tools allow you to look ahead, as well as spot patterns in your finances. Mint is currently owned by the same company that owns TurboTax and Quicken.

Features

  • Cost: Free
  • Automatic account syncing
  • View free credit information via the dashboard
  • Spending trend overview
  • Alerts that keep your budget on track

Details

Pluto aims to be a savings app that helps you stay on top of your finances and helps you save for your goals and change your habits. You can choose savings goals and take part in challenges. Money is automatically transferred from other banks to help you save for your goals. There is currently a waiting list for the beta release.

Features

  • Types of accounts: savings
  • APY: N/A
  • Minimum opening deposit: $0
  • Account minimum: $0
  • Monthly service fees: $0
  • Mobile app
  • FDIC insured

Details

Digit is a savings tool that analyzes your account information and automatically transfers money from your account into Digit. You save money without thinking about it, and you can transfer your money back into your checking account anytime without paying a fee. There is no real APY. Instead, every three months your average balance is figured and you receive an extra deposit of 5 cents for every $100.

Features

  • Types of accounts: savings
  • Savings bonus: 5 cents for every $100, average Digit balance over last three months
  • Minimum opening deposit: $0
  • Account minimum: $0
  • Monthly service fees: $0
  • Simple text commands to check your balance
  • FDIC insured