|
Getting your Trinity Audio player ready...
|
There are many digital tools online that can help you properly manage your money and help achieve your financial goals. However, it is important that you do your own proper research before deciding which one to eventually use.
1. QuickBooks
QuickBooks is a good solution for managing your company finances. It allows you to enter the credentials for various financial accounts such as banks, credit cards, and lenders, it connects and aggregates all your data into a dashboard. Then, you can also categorize your transactions or use customized labels. QuickBooks quickly assigns the right categories to different transactions, but you can always change them or split entries between multiple categories. Many accountants and bookkeepers use it because it easily share your files for professional tax preparation.
2. Betterment
Betterment automatically manages your investments by rebalancing, reinvesting dividends, and handing recurring deposits. It also lets you get access to their team of licensed financial experts for advice and support.
If you want an incredibly easy-to-use investing platform with low fees, it doesn’t get any better than Betterment. They offer regular investing accounts, tax-advantaged retirement accounts, and they recently added savings and checking accounts to their mix.
3. Acorns
Acorns automatically sweeps and invests the difference between your purchase cost and the nearest whole dollar amount you set once you link it to your debit or credit cards.
Acorns as well offers tax-advantaged retirement accounts, such as an IRA. Using only the investing app costs $1 per month, but if you add a retirement account to the mix, you’ll pay $2 per month.
4. Quicken
Quicken has become the gold standard because it can handle just about every aspect of your finances, such as budgeting, paying bills, tracking investments, isolating tax-related transactions, and reporting.
Once you link up your financial accounts with Quicken, it automatically connects and pulls in your cleared transactions. But you can also enter transactions manually if you don’t want to connect to your financial accounts online.
5. Credit Karma
Credit Karma ripples through your entire financial life and helps you keep up with your credit report and scores. Credit karma easily provides you this information for free. Once you create a free Credit Karma account and verify your identity, you get access to a wealth of information.
