The Best FinTech and Tools to Create, Grow, and Keep More Money

When it comes to your money there are many things to think about. So many in fact, that most people don’t think about their money, ever. More importantly, in a recent study presented by Envestnet in partnership with Everfi, 80% of millennials don’t have a plan when it comes to their money.

 

That’s not good, because planning is one of the two indicators of financial health. The other, is savings.

 

Therefore, if you know that saving and having a plan are the two things you need to do to be financially healthy, why not start now?

 

Financial wellness begins with one thing.

  1. Steady income. Once you have a steady income, you can direct your dollars to their highest and best use on a regular, recurring, monthly basis, automatically. Over time, this creates wealth.

 

My free mini-course, Five Days to FI will help you get started.

 

More often than not, we focus on spending money. However, there are many other things we do with money that can lead to creating wealth, or not creating wealth. Every day you’re either doing one or the other.

Some of the things we do with money besides spend it, are

 

Earn it

Save it

Donate it

Pay people with it

Invest it

Transfer it

Learn about it

 

With each of these, you can use technology to make it easier or automatic. You can create, grow, and keep more of it with tools that facilitate these things.

 

Below are some of the best tools, resources, products, and FinTech I’ve come across. There are great new products and services entering the marketplace every day, and of course some that leave, so I update this list regularly.

 

Checking Account

Chase Bank

I like Chase’s technology. I like how easy it is to deposit checks, transfer money, and pay bills. I have been with Chase since it acquired my bank in Boulder when I was a teenager. They have even refunded fees on accounts over the years just because I have asked.

 

Savings Account

American Express. I like online banking with AmEx. Good returns. Nice liquidity. No fees. FDIC insured.

MyCNote
FDIC insured savings account, no fees, with a 2.5% return

 

Above all, use a spend tracker! Knowing where your dollars are going is step #1 in creating wealth.

Spend Trackers
WellWallet
Clarity Money
EveryDollar

 

Ebates
Get cash back when you shop online. This is a Chrome extension and I love it. It puts money into my PayPal account when I shop at places I normally buy.

 

Earnin
Get paid every day from your job. Great resource if your bank account gets depleted throughout the month.

 

Chime
Automatically save. Automatically budget. I use Chime for my spending money. All the things I swipe for on a monthly basis are paid for from this account. Each week I transfer my week’s spending into my Chime account. I can check my balance each day to make sure I have enough, and I never overspend. It also automatically rounds up my purchases and puts it in a savings account.

 

Tiller 
Your finances, automatically updated in Google Sheets and Excel each day. If you want to separate business and personal finances, this is a great tool.

 

Rent Track

Increase your credit score with your rent payments

 

Blogs

The Penny Hoarder
Bigger Pockets
Living Well Spending Less

Podcasts
Afford Anything
ChooseFI
Smart Passive Income
Stacking Benjamins

 

P.P.S. This email contains affiliate links so if you use my link I may receive compensation. This means you help support this website AND you get the best offers.

 

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