I’ve been slowly easing my way to independence since I graduated high school. Or at least attempting. Money is something that I’ve been trying to understand for a long time. I think the general notion is that money is an asset. And it wasn’t until recently that I realized that this was the way I’d been taught to conceptualize money all my life.
But thinking about money in this way is often problematic because it is this belief is the precursor to greed and excess. Money isn’t an asset, it’s a tool. A tool is nothing more than a devise or implement to achieve a specific function.
That’s it. A means to an end.
Considering this, the way one thinks about money often reflects how they handle their money. Thinking of money as an asset, it usually follows that having more of it is always a good thing. But what good is millions that sit in a bank? Money is most aptly used if it’s working, if it has purpose.
That being said, my financial health relies on decisions that I make on the daily. These are just some apps that I use to keep my credit and financial history in tip-top shape.
How do you manage your money?
Apps I’m using to stay on top of my finances:
Saving is hard, especially when you’re not used to doing it.
Digit automatically saves money from your specified bank account everyday and builds funds over time for any goal that you set. Rainy day, gifts, or a separate stash altogether.
Automating the process of saving can be a life, money, and time saver. I use it nearly every day.
Like Digit, Stash also links to your bank account and automatically saves funds in app. But Stash takes that a step further and allows you to select what stocks and companies to invest your money in.
“Scared money don’t make none…” and if you’re not getting the returns or results that you’d hoped for, you can always sell and have the money sent back to your account.
Stash is a nice bird-in-the-hand for my savings. Not only do I keep an active savings account but I’ve also got Stash slowly building more equity quietly in the background.
I’ll never forget Kid Fury’s epic Chase Saga a couple years ago on The Read, and Fury really had me apprehensive to open an account with Chase. While Fury’s epic tale was a few years ago, I’d say time has brought progress. I haven’t had a problem yet and I love their app.
The interface is clean and easy to use and you can even link your bills for easy and automatic bill pay.
I had a regional bank before I moved to the city and while there’s nothing wrong with that, I needed to be able to more easily access my money while so far away from home. I wanted to be able to walk into the bank, if need be, instead of always having to dial that customer service number.
Finances are like a game of chess. It helps to study your financial terrain from all angles. Categorize your purchases and link your bank accounts and credit cards for Mint to show you where your money is going.
Need to chill on the Ubers? Spending too much at Chipotle? How much is that daily stop at the bodega really costing you?
Mint shows me where I’m going a bit crazy and where I could cut corners.
Hopefully, by using all these apps simultaneously, I can continue to conquer my finances in 2019 and hopefully this can help someone else as well.
Let’s claim financial literacy in 2019.