Technology

Six Financial Apps to Help You Budget, Plan and Save

Improving financial health doesn’t have to be scary. While financial health and literacy is something most Canadians struggle with year to year March opens credit awareness month, an easy way to get into what being financially healthy really means.

Innovations in technology have made improving your finances as easy as downloading an app. Here are 6 financial management apps that can kick your money back into shape. 

YNAB

You Need a Budget – or YNAB is a completely free comprehensive budget making application that will teach you how to manage your money not just for your current circumstances but the future. It’s approach to budgeting is meant to make you rethink how you see your finances and create healthier financial practices.

SimpleTax

Simple Tax is just that. A simple way to tackle arguably the worst time of the year. The personal filing system has easy to use features that guide you through each step of filing your taxes online. It’s auto fill option makes it easy to process an accurate return, auto populating information from your T4 and other difficult to read documents. The RRSP calculator can be used as a planning tool to evaluate how increasing your contributions can impact your return.

WealthSimple

Self defined as a hub of financial tools to help you manage and grow your money through investments, WealthSimple is like having a financial advisor at your disposal anytime. If you are interested in getting your feet wet in the world of investing WealthSimple is the perfect place to start.

Borrowell

As put by Co-Founder and CEO, Andrew Graham, Borrowell simply helps people make great decisions about credit. By signing up for the service you can review your credit report for free at any time without hurting your score. The application also provides personalized credit card offers based on your portfolio and what would be the best investment for you.

MYLO

At a time when saving money seems to be the hardest thing to do. MYLO provides an easy way to save money on a daily basis by rounding purchases and investing your spare change. It’s a thoughtless way to accumulate the wealth using the money you forgot you had, bringing you that much closer to your financial goals.

Sensibill

Finally a way to manage receipts that doesn’t include a vinyl accordion folder. Sensibill compiles and files your receipts making it easy to view and review your purchases. Not only is this a life saver during tax season but the collected data on the app can give you a comprehensive look at where your wealth is going.