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Three Financial Products to Make Your Life Easier

Jul 08, 2020 - Posted by: Rocky Mountain Credit Union

 

There is a whole world of apps and algorithms out there that claim to help you with your personal finances, but some do a better job than others. And when your hard-earned money is on the line, you want to be sure you’re making the most out of it. Here are a few new products to help you save—and spend—better.

 

Acorns

If you’ve always wanted to get better at budgeting but just haven’t found the time or aren’t sure where to start, the Acorns app is the pocket companion you didn’t know you were looking for. This app does the heavy lifting of a digital financial assistant, letting you make a habit out of saving by rounding up each purchase to the nearest dollar and saving the difference. You don’t have to stop yourself from spending when your paycheck clears, waiting until you can make a transfer to savings. Acorns does all the work for you. 

Whether your goals include growing an emergency fund, paying off credit card debt, saving for a vacation, or whatever your savings needs are, you can work toward them with Acorns. And with bank-level security, your data is safe and protected. 

The app comes with three subscription levels, with prices at $1, $2, and $3 per month. But at the basic level, you have the benefit of rounding up your purchases to save, earning bonus investments, and accessing a wealth of articles to learn more about finance. 

 

Mint

If you struggle with overspending and don’t know where your money went, Mint can help you out. It pulls spending data from all your accounts and categorizes it for you, so you know where you’re spending without manually entering each purchase to track. That makes it easier to budget and cut back where you need to. 

You can also add in your bills to help you budget, while keeping a close eye on your credit score in-app. The Balance rates Mint as the best overall personal finance app of 2020, and you’ll see their reasoning in its robust design and ease of use. You also have the flexibility to use the app on your phone or logging onto your computer.  

 

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Prism

If you’ve ever felt frustrated by having accounts spread across different banks and credit unions, with online bill pay leaving you too many logins to remember, Prism is the perfect fix. This app unifies all of your accounts and bills in one place, and it sends you automated reminders when you need to pay. They have 11,000 billers in their network, even small utility companies, and top-name financial institutions, so you’re pretty likely to have yours covered. 

This will save you all the time of logging into each site where you pay bills electronically, and it means you won’t miss a payment when you have to update a payment method and forget to change it for one of your accounts. It’s all about making more time for yourself and your family, while still staying on top of bill pay. The power of ease is on your side when you have Prism installed. 

 

When you’re ready to start down the road to savings, RMCU personal accounts are there to make your life easier. Click here to find out more about available options. 

 

 

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