It’s Friday night and after a week of frugality and healthy eating you want to reward yourself to some delicious takeout. What do you do? Why, you tap an app of course! Within seconds you’ll be able to find great restaurants and take out places near you. Whether you want to splurge and get something indulgent, would rather stick to something healthy or want to see who has veggie or vegan options there’s an app to guide you. What about when you need to pick your food up? What do you do if you don’t know your way to the place? Not to worry, there’s an app that will guide you there in no time. Ah, but when you get home how will you check how your meal meets your calorie and macronutrient goals for the day? Just use an app like My Fitness Pal to keep an eye on it. And when you need to work off your meal the next day? You’d better believe that there are a wealth of apps that can give you workout routines and tips.
The point I’m trying to make is that there are all kinds of apps out there to help you improve your health and well-being from helping you find healthy cuisine to tracking your calories and macronutrients or getting workout tips. Why not use similar digital resources to take control of your financial health? It’s easy to see your finances as some kind of uncontrollable force that’s beyond your capability to reign in. However, with the right digital resources and a little knowhow, you can work at improving your finances a little bit every day in ways that quickly add up.
If you’re serious about improving your finances, escaping debt and being pleasantly surprised every time you look at your bank balance these digital resources are must haves…
In the digital age, virtually every purchase we make is preceded by a little online research. From groceries to a new car, we often scrutinize the internet before we commit to a purchase. Which is why it burns us so badly when we commit to buy and then see a better deal elsewhere later. If you can always be sure that you’ll get the best deal and the best discounts on the products you love, you can take a bold step forward in improving your finances.
Honey allows you to do just that. Available either as an app or a plugin for your web browser, it automatically scours the internet for the best coupons and voucher codes on the products you’re looking for- bringing you the best available prices in seconds.
No matter how much you’re earning or spending, you should be making an effort to pay into your savings account every month. By all means pay in a little less when times are lean and a little more when your finances are in better shape. But you should always make sure to pay something in. The trouble is that most of us are a little loath to pay into our savings accounts, especially in large sums. Fortunately, there are apps that can make paying into your savings easier and ensuring that come rain or shine, you always have something going into your savings.
Apps like Plum are great resources for providing encouragement and automatically paying into your savings in line with your goals. Just let them know how much you’d like to save and how long your timeline is and these apps transfer the money into your savings account for you on a day of your choosing. If you program them to pay into your savings account just after payday this is a great way to ensure that you won’t miss the money you save.
Oh, and if your current savings account is only paying you a pitiful rate of interest that’s significantly below 1% you need to do better. Here are some of Canada’s best saving accounts of 2020. Even if you need easy access you can get a healthy interest rate which helps to grow your money.
There are many who choose to supplement their savings with a few well chosen investments. But for the uninitiated the world of savings can feel like a minefield of risk and incomprehensible trading jargon. If you don’t know your FTSE from your Forex or your Binary Options from your Bitcoins, you might well assume that the world of trading will forever be a mystery to you.
But with the right trading platforms even a complete novice can try their hand without risk and gain an understanding of how it all works before they commit. Try some of these platforms who come highly recommended by financial industry experts. With low deposits you can get a feel for the markets without risks and because they’re mobile apps you can track your investments at any time wherever you go.
The eBay App
Sadly, this app is often neglected when it comes to money making apps. But if your home is full of previously prized possessions which have now become little more than clutter, perhaps it’s time to convert some of your unwanted belongings into cash. Simply snap your items on your smartphone camera, type in a brief description and watch the bids roll in. It’s a great way to rid your home of clutter and chip away at your finances week by week.
Finally, nobody ever reached a state of perfect financial well-being by burying their heads in the sand. Only when you have a clear idea of how much is coming into and going out of your bank account can you assert control over your financial health. Online resources like these financial budget templates can help you identify areas of wasteful spending and give you great visibility of your finances. Likewise, using apps like Squirrel can make it easier to stick to the budget you’ve created and help you to stay motivated to save rather than spending.
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