The Best Personal Finance Tools to Create, Grow, and Keep More Money

The best personal finance tools are those that make it easy to bank, save, get cash back, track spending, and manage your 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 it, ever. More importantly, in a recent study presented by Envestnet, 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, there’s no time like the present to get started! Here are the best personal finance tools to create, grow, and keep more of your money.

Checking Account

Chase Bank wins the prize for checking accounts because of its ease of use and technology. They have a great app, quickpay with Zelle, and its online platform makes it easy to switch between business, personal,  savings, and loan accounts. I can deposit checks on my phone, transfer money in an instant, and pay bills online with their free online bill pay. I have been with Chase since it acquired my bank in Boulder when I was a teenager. They even refund fees when I ask.

Orion FCU is the runner up, simply because they are currently offering a 4% return on checking accounts. This is unheard of in the industry. Note that to get this offer, regular deposits are required and you must make a minimum number of transactions.

Get spending updates on your phone with Personal Capital.

Savings Account

When it comes to savings accounts, you want an account that has no fees, is FDIC insured, and has a high return. Since money is mostly going into these accounts, as opposed to out of, the longer it sits in your account with a high return, the more money you will earn. Here are the best savings accounts right now.

2.1% Ally

2.1% Barclays

2.4% CIT

2.57% Wealthfront

2.75% CNote Not FDIC insured, but the highest return of all.

Spend Tracker / Financial Wellness Tool

Use a spend tracker to see where your money is going every month. I’ve found this is the simplest way to track spending and stay on budget.  Knowing where your dollars are going is an important component of building wealth. Here are a few to choose from.

WellWallet

Personal Capital

Clarity Money

EveryDollar

Cash Back on Purchases

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 where I am already buying from such as Comcast, Sprint, Expedia, and many more.

Get Your Paycheck Every Day

Earnin If cash flow is an issue, you can now get paid every day from your job instead of only when your paycheck hits your account. It’s a great resource if your bank account gets depleted throughout the month.

Automatically Save

Chime What I love about Chime is their automatic savings round up. For every purchase you make with their debit card, they will round up to the nearest dollar and put the change in your savings account. Remember your old piggy bank? This is the same idea, except it’s electronic. You’d be surprised at how much that change adds up to over time!

Another thing I like about Chime is that it keeps me from overspending. I use Chime for my spending money. All the things I swipe for on a monthly basis are paid with this debit card. Each week I transfer my week’s spending into my Chime account. I can check my balance with their easy-to-use app, and as a result I never overspend.

Love Spreadsheets?

Tiller  Tiller is an amazing tool if you like to use spreadsheets. Your transactions are automatically imported daily into a spreadsheet which ou can then use however you want. Your finances are automatically updated in Google Sheets and Excel each day. Tiller is also a great tool if you want to separate business and personal finances.

Increase Your Credit Score

Rent Track Boost your credit score with your on time rent payments.

Be sure to check out my free mini-course, Five Days to Financial Independence to get started on the path to wealth today!

This post contains affiliate links to products I use, know, and love! Affiliate links mean that if you sign up for something through my link I may receive a small commission. I only recommend products that I have tested, use for myself or for clients. Affiliate links do not increase pricing and in many cases give you access to additional bonuses, services, or freebies.

Leave a Comment