Here in this article, we will see some of the best apps to boost financial literacy in 2023. Financial literacy is an important life skill that can help you make informed decisions about your money, manage your finances effectively, and achieve your financial goals. With the growing popularity of mobile devices, there are now many apps available that can help you boost financial literacy, from budgeting and saving to investing and retirement planning. In this article, we will take a look at the top 10 best financial literacy apps that can help you improve your financial knowledge and skills.
Mint is one of the most popular personal finance apps that provides an overview of all your financial accounts, including checking and savings accounts, credit cards, loans, and investments. If you are one who loves to read about finance or money, tax or saving then you must have already encountered this site. It helps you keep track of your spending and income, create and stick to a budget, and set financial goals. You can also view your credit score, monitor your investments, and receive alerts for large purchases, unusual activity, and other important events.
2. Financial Literacy Apps- Personal Capital -:
This is another financial literacy app that you must have on your mobile phone. It is a comprehensive financial management app that offers a more sophisticated tool for tracking your investments and managing your net worth. In addition to tracking your spending and income, you can use the app to view and analyze your investment portfolio, including your 401(k), IRA, and other retirement accounts. Personal Capital also provides retirement planning and portfolio analysis tools, including retirement calculators and asset allocation recommendations.
3. Financial Literacy Apps- PocketSmith-:
PocketSmith is a budgeting and forecasting app that helps you to plan your financial future. One can plan their financial future by using the app’s features like how changes to their spending or income will impact their financial future, including their ability to pay off debt, save for retirement, or achieve other financial goals. The app provides a calendar view of your finances, which makes it easy to see how your spending and income are expected to change over time.
4. Financial Literacy Apps- PocketSmith-:
This is something like a calculator app but it will let you predict the financial plans or budget. You Need A Budget (YNAB) is a budgeting app that helps you build a budget based on your income and expenses. It is one of the best budget apps. YNAB provides tools to help you stick to your budget, including reports, reminders, and alerts for overspending. You can also set and track your financial goals, including paying off debt, saving for emergencies, or building up your savings.
5. Financial Literacy Apps- Clarity Money-:
Clarity Money is one of the best apps to boost financial literacy. It is a personal finance app that helps you identify areas where you may be overspending and offers suggestions for reducing your expenses. You can use the app to view your spending by category, view your net worth, and receive alerts for unusual charges, such as overdraft fees or late fees. Clarity Money also integrates with other financial apps, such as Mint and Personal Capital, to provide a comprehensive view of your finances.
6. Financial Literacy Apps- Digit-:
Digit is a financial app that studies your spending patterns and, based on your spending plan and expenses, automatically deposits tiny sums of money into a savings account. It utilizes machine learning models to decide when to save money, and it also makes it simple to check your savings status and use your money. Furthermore, Digit offers overdraft protection so you never have to worry about going over budget.
7. Financial Literacy Apps- Stash -:
Stash is an investment app that helps you start investing with as little as $5. The app offers a variety of investment options, including stocks, exchange-traded funds (ETFs), and individual bonds. You can choose from pre-built portfolios based on your risk tolerance, or you can create your own custom portfolio. Stash also provides educational resources and tools to help you learn more about investing and make informed decisions.