Your Financial Wellness: There’s an App for That!
4 Apps to Download this Holiday for a Financially Successful 2019
It is the end of a financially-trying year, in which we survived yet more rising costs, several fuel price hikes and even a VAT increase. If you are looking forward to a financially successful 2019, you’ll be pleased to hear there’s an app for that! While enjoying a well-deserved break this holiday, take a look at these 4 apps that will help you better manage your personal finances.
1. 22seven (Boss Your Money)
22seven is an app from Old Mutual that allows you to link all your different accounts to one platform, including credit and store cards, investments, loans and rewards at more than 100 financial institutions in Africa. This means you can see all your money at any time in one place and track what you have, what you owe and what you can save.
It also updates all your accounts automatically and sorts them into categories, creating and tracking for you a personalised budget that is based on your own spending. It provides a holistic and detailed overview of your daily, weekly and monthly spending, with a ‘spend-o-meter’ indicating your average spending and how much you have spent to date. The app also offers you budgeting tips and investment opportunities. It is available for free on iOS, Android and web. www.22seven.com
The app also analyses your spending habits and displays your spending on easy-to-read charts and graphs to help you understand where your money is going, so you can take control of your spending behaviour. It is available for free and is web-based only, but is not limited to those with Nedbank accounts. www.myfinanciallife.nedsecure.co.za
This price comparison app lets you compare millions of products, from flights to appliances, at thousands of stores to find the best deal. In addition, if you see something you like in a store, you can simply scan the barcode and the app will tell you if you can buy it somewhere else cheaper. This will help you save on every major purchase you make. It is free to browse, view offers and leave reviews on PriceCheck, and costs only apply if you want to buy items through PriceCheck’s Marketplace. www.pricecheck.co.za
Created by financial services group Liberty, Stash is an app that invests your spare change every day in a tax-free investment. Every time you swipe a debit, credit or cheque card from South Africa’s main banks, Stash detects the transaction, rounds it up to the nearest R10 and invests your spare change in SA’s Top 40 Biggest Companies. Your Stash’s growth includes dividends, interest and capital gains.
You can download the app for free, and there are no fees to invest.
These apps will help you make simple changes in managing, saving and investing your money quickly and easily and will boost your financial wellness in the new year. Need help with your finances, click here and a Financial Coach will assist you.
We wish you a happy, safe and relaxing holiday season and a financially prosperous 2019!