You hear it all the time, “Start investing while you’re young”! While growing your savings seems like an attractive way to build wealth, learning how to invest your money can be a challenging task. Many platforms can create confusion for first-time investors, and a lot are way more trouble than they’re worth!
Lucky for you, we’ve compiled a list of the easiest and most intuitive apps that can help you learn to invest your money wisely. Each platform is free to download on both IOS and Android devices, so there’s no harm in trying them all!
The Acorns platform provides a simple way to monitor your overall financial health. It takes just about five minutes to sign up, so you don’t have to carve out hours of your day to filling out information and creating a profile. It’s a one-stop-shop for investing, monitoring your checking account, and even looking forward to retirement. Not only that, but Acorns provides knowledge and information that makes it easy to improve your financial literacy so you can better understand your personal finance plan.
You can easily invest spare change and set recurring investments directly from your phone. They offer personal plans, introductory plans, and even family plans, so you can find a solution that best fits your needs. All information is kept highly-secure, so you can trust the reliability of your finances.
If you are looking for nitty-gritty information on both investing and trading, eToro is the perfect place to begin. They have created a simple and user-friendly table of contents to answer all of your most frequently asked finance questions so that you can take full control of your wealth. You can invest and trade directly through the platform while being provided with helpful information to support and guide your decision-making throughout the process. This way, you can be completely confident in knowing the risks and rewards you are engaging in when managing your money.
eToro provides a platform that is capable of performing a wide variety of trading/investing actions. You can explore:
This is the most versatile way to invest and grow your funds!
Public is an entirely different way to invest! If you are looking for a fun and innovative way to grow your savings and manage your money, this is the perfect platform for you! This is a fun and social way to interact with other investors and help craft strategic financial decisions.
Public allowed you to connect with other investors to see what stocks they are watching and get insight into their investment process. You can also gain valuable exposure to new companies on the market and invest any amount of money. You can put in as little or as much as you choose! Public is all about making investing social, fun, and available to all.
The company mission states that everyone should have the power and ability to invest in companies they love and believe in. The Public platform makes this a true possibility for anyone who uses the app! It is free to download, and all functions can be completed directly on one’s phone.
If you are looking to gain financial independence and grow your knowledge about saving and earning wealth, SoFi is here! The platform has over 1,000,000+ members, so you know you’ll be joining a strong community of other finance fanatics.
The platform helps users identify where they are spending their money to ensure effective allocation of funds and personalized savings plans. They can help with all of your money woes, from paying off debt to saving for retirement.
Some of the most popular services offered on the platform are the mortgage calculator, student loan guide, and of course, investing 101. They have plans that are custom-built to whatever you are hoping to accomplish in the near or far future, with all the steps you need to get there.
If you are someone who is new to the world of investing and craves an automatic tool to help make the process easier, Unifimoney is a platform you must explore! Money management can be confusing and tedious. Plus, everyone’s financial goals are vastly different, making it hard to find a “one size fits all” approach.
Unifimoney can help you earn a better return on your money with less effort. From student loans to car insurance payments, this app can help you organize your funds accordingly and invest to reach your long-term savings goals. The app is completely free and available to anyone who has a smartphone!
If you want to work with a smaller scale banking platform that doesn’t try and steal your funds, working with Unifimoney serves as the perfect solution.
Have you tried any of these apps for investing? Let us know in the comments! We would love to hear from you.
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