Top 5 Best Personal Finance Apps for Building Wealth in 2021

Managing personal finances can be a daunting task, and more so to those who are just starting their journey towards financial freedom. Whether your goal is to build an emergency fund, save up for retirement, or invest in the stock market, personal finance apps can provide you with the tools and resources you need to achieve your financial goals. Here are the top 5 best personal finance apps for building wealth in 2021.

1. Mint

Mint is an all-in-one personal finance app that allows you to track your spending, create a budget, and monitor your investments in one place. You can link all your financial accounts, including credit cards, bank accounts, and investment portfolios, and Mint will give you a snapshot of your financial status. You can set financial goals and track your progress, get suggestions for how to save more money, and receive alerts when there’s unusual account activity or upcoming bills.

2. Acorns

Acorns is an investment app that lets you invest your spare change automatically. When you make a purchase using a linked credit or debit card, Acorns rounds up your purchase to the nearest dollar and invests the difference. For example, if you buy a coffee for $2.75, Acorns rounds up to $3.00 and invests $0.25 in a diversified portfolio of exchange-traded funds (ETFs). You can also set up recurring investments and choose from different portfolio options based on your risk tolerance.

3. Personal Capital

Personal Capital is a wealth management app that provides a holistic view of your finances. You can link all your financial accounts and get a detailed analysis of your investments, including asset allocation, fees, and performance. Personal Capital also offers personalized investment advice and a retirement planning calculator to help you achieve your retirement goals. The app is ideal for those with larger investment portfolios who need a more sophisticated approach to wealth management.

4. YNAB (You Need a Budget)

YNAB is a budgeting app that helps you make every dollar count. You can create a budget based on your income and expenses, set financial goals, and track your progress. YNAB teaches you how to prioritize your spending, cut unnecessary expenses, and build better money habits. The app also offers educational resources, including live workshops and a community forum, to help you stay on track and accountable.

5. Robinhood

Robinhood is an investing app that allows you to buy and sell stocks, ETFs, and cryptocurrencies for free. The app is user-friendly and offers commission-free trading with no account minimums. You can also access news and research to help you make informed investment decisions. Robinhood is ideal for those who want to start investing in the stock market but have limited funds or experience.

In conclusion, personal finance apps can help you take control of your finances by providing you with the tools and resources you need to build wealth. Mint, Acorns, Personal Capital, YNAB, and Robinhood are among the best personal finance apps for building wealth in 2021. Whether you want to track your spending, create a budget, invest in the stock market, or plan for retirement, there’s an app that can help you achieve your financial goals.