Seven Money Saver Apps To Get You Financially Fit
Whether you struggle to stick to a budget, save part of your income or keep track of your expenses, the good news is that there’s money saver apps galore in 2021.
Gone are the days of keeping your receipts in a shoe box or struggling with an excel spreadsheet. We live in an age where our smartphones more or less resemble a fifth limb, the list of excuses used for staying on top of your finances is getting smaller and smaller – especially since there’s an app for just about every aspect of managing your money.
Our Favourite Money Saver Apps
Instead of endless scrolling, why not use the powers of your smartphone for good? If one of your New Year’s Resolutions included taking a good hard look at your finances and acknowledging that there might be room for improvement, check out some of the best money saver apps available out there on the internet.
#1: Your Bank’s App – According to the Australian Bureau Of Statistics, in 2021 over one quarter of Australians still don’t use internet banking. Utilising your current bank’s existing app is a great way to keep an eye on what’s happening with your finances and to split accounts up into everyday access, long term savings, direct debits for bills, etc.
#2: Pocketbook – With your daily spending sorted into categories, you can easily see where most of your money goes, and what you might need to cut back on. Pocketbook is one of the best “all rounder” money saver apps out there, and it syncs with your bank account for users to get a scope on their actual spendings.
#3: Money Brilliant – Similar to Pocketbook in nature, Money Brilliant is a “level up” as it also includes the option to track your superannuation and investment portfolios. There’s less leg work with this money saver app, as it automatically populates a budget based on your historical earnings and spendings, and can even find the cheapest petrol deals in your region.
#4: Raiz – Formerly known as Acorns, Raiz Invest is an app that actively encourages users to save. It works by redirecting any “loose change” from everyday transactions into a portfolio that consists of stocks, via investing in exchange traded funds (ETFs). If you’ve never dabbled in the stock market or investing before, it’s a great starting point with minimal risk.
#5: Good Budget – If you really want to start with the basics of budgeting, then this is the app for you. Good Budget is a digital form of the envelope system: that is, you set yourself limits for certain categories of spending, such as $100 a week towards groceries, or $50 a week on going out. It also allows users to access expense trackers and bank account linking like the above.
#6: ATO – The Australian Taxation Office app is for individual taxpayers, small business owners and self-managed super fund trustees. It’s scope is surprisingly vast, and allows users to access their online services, lodge and track your income tax return, record and manage tax deductions, and can even calculate the amount of tax to withhold.
#7: SplitWise – If you’re a uni student or living in a sharehouse, SplitWise is a wonderful method for keeping on top of group expenses. If you struggle to keep on top of “who owes what”, Splitwise keeps a running total on behalf of your household. It can also email reminders when expenses like the rent or power bills are due, or when someone “forgets” to pay you back.
Sourcing Further Advice On Getting Financially Fit
If you’ve conquered money saver apps and are ready to “level up”, then it’s never too early to seek professional financial advice. Whether your next goal is to retire early, take a gap year or purchase a home, George Samios and the team at Madd Life are ready and waiting.
With their entire business built on referrals, the team at Madd Loans have taken the mortgage broking industry by storm. Their overwhelmingly positive feedback has helped them to take out numerous industry awards, including the title of “Queensland’s Broker Of The Year” for four consecutive years. However, after working with a broad variety of clients in regards to their mortgage options, it made sense for the team at Madd to have the capacity to offer a full financial planning service.
If thinking about your financial future strikes a chord with you, then it might be time to speak to a professional. Whether you’re chasing mortgage solutions or a financial fairy godmother, the team at Madd work together as a collective to turn your goals into reality.