Loyal3 packs two punches. On one side, Loyal3 allows you to setup automatic transfers for your investments, at no cost to you. This allows you to take advantage while stocks are lower and causes you to slow down your investing when stocks are higher. The other side is allowing you to invest in Initial Public Offerings (IPOs) and Follow-Ons. An IPO is the first time a company is ‘public’, or available for you to invest in, while a Follow-On is usually a secondary offering by an already public company. These two investment options have, until now, only been available for those investors with either $200k or more in annual income or a net worth of at least $1mm.
Acorn makes investing easy and pain-free by rounding up your transactions and investing the difference. You select how risky you're willing to get with your investments, log into the app periodically, select the transactions you want rounded, and Acorn transfers the balance and invests it in your pre-selected investment strategy.
Just like the heroic outlaw Robinhood is making an effort to steal the trading options of the rich and share them with the poor. This new trading platform allows users to open an account free of charge, requires no minimum balance, and waives all trading fees. Best of all, they have one of the most user-friendly apps in the market making trading...fun?
Mint is a budgeting/money management app that gets a lot of attention, and that's for a reason. Mint allows you to link your checking, savings, and credit cards, it downloads your transactions, and allows you to categorize them in order to track your spending. Warning, the app is very detailed and provides a ton of information but you need to stay on top of it to take full-advantage of what Intuit is offering.
FamZoo has created a fantastic structure to help parents teach their kids about money management. For a small monthly fee, you can establish an online profile for your family, issue debit cards for your kids, deposit allowances at any frequency you choose, pay your kids interest on any savings they've put together, allow your kids to borrow money and even charge them interest!
Restaurants are getting more hands-off when it comes to splitting checks, that's where Plates steps in. Plates is an app that allows you to enter your bill details, split/share dishes with up to 10 people and calculates a tax and tip, making your next get-together all about having fun.
Dash is similar to Plates but is limited to a few larger markets where restaurants support their app. The perk, you receive your check and keep a virtual wallet on the app. This means you don't need to enter any information, just split the check, add a tip, and select your payment method. How easy is that?!
Saving isn't just hard to do, it's no fun. Digit is trying to boost your savings account without making you cry. Once you link your checking and savings account Digit will round-up your transactions to the nearest dollar and transfer the difference to your savings. You don't need to approve the transfers and can even setup automatic transfers, making saving hands-off. Digit will also text you periodically with your savings balance or any pre-selected alerts.
Ever spent days choosing between a credit card that offers cash back or one that offers airline miles? Those days are long gone, Magnify Money is a great resource! You select what you're in the market for, e.g. loans, credit cards, checking, savings, etc., your zip code, and how much you want borrow (if you're looking for a loan) or your balance (if you're looking for a checking or savings account), and Magnify Money will provide you with a list of options and will rank them based on rewards/costs and transparency. It can't get easier than that!
If you're in the market for a loan or looking to refinance a high rate loan look no further. SoFi offers extremely low rates for student loans, mortgages, and even personal loans. Warning, SoFi is looking for customers with either Good or Excellent credit, as determined by the credit agencies.
If your credit score is below SoFi's requirements but you still want to take advantage of their great products grab your free federally mandated credit report from AnnualCreditReport.com, the only source for your credit report that is authorized by federal law. Fixing mistakes on your credit report could easily boost your credit score. A simple trick to getting your reports more than once a year, the federal requirement, is to request your report from one of the three agencies every four months.
For small business owners that want to offer a cash incentive for their staff check out DipJar. The company hasn't rolled out nationwide yet but they've created a prototype for a digital tip jar. The business owner selects a preset tip amount, usually $1, and the client swipes their debit or credit card to leave a tip. No receipt, no signature, no hassle.
Keeping all your logins and passwords on a Word doc or writing them on a post-in you keep under your keyboard isn't going to cut it anymore. Dashlane is a great way to store passwords, IDs (SSN, Driver's License Number, DOB, etc.), payment information, and a ton more. The app is extremely safe with multiple levels of encryption and if you're using on just one device it's free!