Whether it is household budgeting, saving, filing tax returns or, planning major purchases, technology is at hand to help. The advent of fintech and the penetration of smartphones have changed things for the better. You have access to information and can become more aware of options. Cashless digital payment is here to stay as more people have adopted it. The pandemic situation has only pushed more sectors and people to go digital.
Perhaps, that’s why you see so many simple apps related to finance that are fast becoming popular. Apart from the individual banking apps from each Bank, these general apps can help with stocks and investments, insurance purchases, obtaining loans, etc. What’s more, some apps allow you to track your expenses and keep tabs on your budget also. They are like your personal money managers that help track everything at the tips of your fingers.
You can explore the range of apps as a great source of information to plan your finances better.
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Most such apps also allow you to manually input information without connecting or giving access to your bank account. This is recommended for all seniors still new to deep technology and is a much safer way to use an app.
MTrakr
It is a money or wealth management app that helps you track your income and expenses. It is comprehensive and covers all aspects of personal finance, and helps track all expenses in one place. Using this app, you can monitor all your bank accounts in one place and get a dashboard of all your finances. The beauty of the app is that it has been designed to keep the common user in mind and you need not be a highly tech-savvy person to use it.
The app categorizes expenses and tells you which category you are spending more on and how you can reduce the same. It is free and works automatically by picking information from the linked bank accounts and cards. Thus, it gives you a snapshot of your spending habits and helps you identify where you can save, etc. Goodbudget is another similar app that can be checked out.
BankBazaar
While many people assume this app is only for loans, it also provides a great deal of valuable financial information. This online bazaar helps you get loans, check your credit score, get credit cards, and more. It has different calculators that help you figure out EMIs for all kinds of loans, FD and RD interests, and IT returns, PPF, and more. It also has a facility to locate any bank branch and address, find out the IFSC code, etc., to make transactions. There is even full-fledged information about all sorts of savings schemes to check out the options.
You could even check the gold and silver rates or understand the various mutual fund options available for investment. Moreover, it provides you the option to create an NPS account instantly by completing the necessary formalities. Thus, it is a useful app that gives a lot of valuable financial information in one place. It also helps you apply for loans and provides you a complete comprehensive picture of all savings bank account details.
PolicyBazaar
If you are interested in knowing about the best insurance policies, you could check out the Policybazaar app. It is one of India’s leading one-stop-shop for insurance purchases. It provides reliable advice, gets you the best prices from across a range of providers, is reliable, and provides support for claims too. It is a helpful app to have, especially for easy renewal of policies.
Moneycontrol
If stock markets and investment are of interest to you, then you could download this app to have a grip on markets. This app from CNBC—TV18 provides daily indicators on market movement, important financial news, and helps track your investments. Individual portfolios can be created and tracked, and the app gives you inputs to decide on selling and buying. A lot of useful information, news, discussions, and more are available on this app, and you can make it work well for you.
Groww
This app specializes in financial advice for investment and wealth growth purposes using mutual funds. It gives you calculators for SIP, EMI, Brokerage, FD and RD interest, and more. Expert advice based on sound evaluation is available for investing in mutual funds, and the app is free to download and use.
