Helpful Tools for College Graduates

There are tons of tools that can help with most of your personal finance needs; you can find free apps and software that are useful for budgeting, electronic transfers, and even intel for how you can invest your money. These tools are a great way to help you to keep track of your finances and spend your money appropriately.

Money Management Apps

There are countless apps that are designed to organize your funds. Here are some examples of the apps that you can download and use to suit your needs.

1. Venmo is a free app that makes it easy to electronically transfer money to other Venmo users. Whether you are splitting a dinner bill with friends, transferring a rent payment to your landlord, or making a purchase to participating businesses, this app is a convenient way to make payments.

2. Mint is a free budgeting app that helps you keep track of all of your financial accounts, including your checking, savings, credit cards, etc., while measuring your spending and savings. This app is designed to help you keep track of your budgeting goals.

3. Acorns is an entry level investing app for those looking to start investing in the stock market. Its main feature is that it takes your spare change from your purchases and invests that small amount into the market.

It can be overwhelming to choose what companies you want to invest in when you are just starting out. By following the news, you can begin to understand how well a company is performing. Websites like Nasdaq.com and CNBC provide newsworthy company updates and earnings. Many credible newspapers, such as Wall Street Journal, also keep their readers updated with this information. You can download apps from news sites and even sign up to be notified for important updates.

4. Prism is a free bill payment app that accordingly sends you reminders to track and pay your bills.

5. SoFi combines many different financing features into one place. This app is designed for saving, spending, borrowing, and investing.

Many banks these days also offer joint apps that you can download and instantly connect to your accounts. These can make it easy to keep track of your finances from the source of where all of your funds are being held.

There are countless apps that can help you manage your money in different ways. Always make sure that you are using reliable apps, especially when you are transferring money. Some electronic transferring apps have been unfortunately subject to scams.

But a good app can help you exert more control over your financial life, and help you to save, spend, and invest more wisely.

This is part of a bigger series that was designed to guide recent college graduates towards reaching their professional goals and benefiting from their studies. Check out our guide to post-graduate life to learn how to leverage your degree financially.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Technology Saving Money Personal Finance