Despite developments in financial management technology like chip and pin credit cards, smartphone-based payments and the ATM, many consumers still struggle when it comes to using tech to keep track of their money. A Google search for financial management applications is little help, resulting in an avalanche of software options that would leave even a Wall Street banker scratching his or her head.
Digital savant Omar Gallaga of the Austin American-Statesman’s 512 Tech says Mint was one of the first comprehensive financial apps, and it’s still helping lots of people balance their personal budgets.
Gallaga also suggests Wally, Level Money and Acorns for tracking personal expenses and streamlining spending patterns. If you’re looking to dip your toes into the stock market, or to diversify your portfolio, Gallage suggests checking out investment apps E-Trade, TD Ameritrade and Robinhood.
What you’ll hear in this segment:
– How apps like Mint can help manage personal finances
– Recent improvements in banking apps
– Suggestions for online investment tools
Written by Rachel Rascoe.