Top 5 Financial Apps For Millennials

By Author: Ankit Verma
Total Articles: 23
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A decade ago, if somebody said that your phone can manage your finances, we would have laughed off. But today, we know that our smartphone is capable of almost everything. It can manage our day-to-day activities, set off reminders, store memories, act as a music and video player, receive and send emails, helps to connect with social media, etc. So why not manage our finances?

The market today is inundated with apps that focus on money management. Be it recording daily expenses, controlling monthly spends, budgeting future expenses, or even plan for future investments. There are even apps build specifically to assist in procuring instant loans.

With so much information one is bound to be lost. So, we’re summing up the top 5 financial apps for millennials under specific categories. Take a look below:

FOR FINANCIAL NEWS | Finshots
If you need to be up to date on all news related to the financial world, then Finshots is your go-to app. Finshots delivers a daily dose of the latest and the most important financial developments in less than 3 minutes in simple English without complicated financial jargon. ...
... This app is designed in such a way that you are not bombarded with notifications the entire day. You can simply choose a time that you are likely to read the news and can get all your notifications at one time.

FOR STOCK MARKET INVESTMENT UPDATES | Moneycontrol
This app gives you the latest updates on Indian and global financial markets like BSE, NSE, MCX, and NCDEX exchanges so you can track indices, stocks, futures, options, mutual funds, commodities, and currencies with ease. If you trade or invest in stock markets or mutual funds, then this app helps in neatly summarising all your investments with the latest prices. This Moneycontrol app also gives suggestions on whether you should buy or sell or hold on to your investments. There is also a discussion forum on this app that actively discusses various investment options, the best time to buy/sell, and other investment-related topics. So, if you are new to the investment world, then you can get a fairly good idea about the current investment options.

TO TRACK EXPENSES | Money Manager
One of the best personal account management apps in the market today, Money Manager is a vibrant looking app to manage and track your income and expenses. This app allows you to enter data anywhere and anytime and view your spending tendencies graphically. With a pie-chart presentation, view your income and expenses and get a detailed analysis of your average expenses.

TO SPLIT BILLS | goDutch
goDutch is great for roommates splitting rent and apartment bills, friends and co-workers who eat out frequently, group trips, etc. This app is great in reducing the stress and awkwardness that money places on friendships and relationships. This is one of the most-used apps among millennials as our lifestyles have gone through an enormous change and eating out, going to movies, vacationing together, sharing rooms, etc. have become a huge part of our lives.

This app allows you to create a group for a specific event where each party attending the event can add the expenses they have incurred, and it shows the amount of money the rest of the group owes one another.

TO PROCURE A LOAN | SimplyCash
SimplyCash is the easiest and the most convenient way of securing a personal loan online. The reasons for taking a personal loan can be many. From unforeseen medical emergencies to planned weddings, international vacations, home up-gradation, etc. But the solution to obtaining a personal loan is as simple as downloading this lone app, logging in and entering your details, submitting documents, and wait for approval and disbursal. SimplyCash is definitely useful for millennials to opt for small cash loans of around a lakh or more for personal reasons.