Wednesday, May 20, 2020

Web Secret 625: Financial apps in the age of COVID

The pandemic is causing many to experience serious financial challenges.

Here are some useful apps for those of us struggling to make ends meet:

1. You Need a Budget (YNAB) budgeting software can help you save money and focus attention on working to get out of debt. You can try out the software for free for 34 days (or 12 months free for students).

2. The Saver Life app awards prizes for building up your rainy-day fund, making saving fun and engaging.

3. My Savings Jar is offered through American Association of Retired People (AARP). Their motto is that “We help you start and build up your savings — even if you’re on a tight budget.”

4. Fresh EBT by Propel, Inc is an app that helps you manage EBT (Electronic Benefit Transfer) benefits in real-time, save money, and earn income. EBT benefits help individuals access food supplement and other cash benefits.

5. Mint is a well-established online program that provides users with a free, safe, and user-friendly app for tracking your money, spending, setting goals etc.

6. The Financial Health Network/Financial Solutions Lab have also funded a number of interesting apps and programs for financial health which can be found here.

Info in this post adapted from Financial Apps in the Era of Coronavirus by Jodi Frey.

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