Don’t let the title fool you, even if you are not a Millennial you may benefit from these fantastic apps. These tools could help you save for your first home, new car or your next holiday adventure. But most importantly, they can help you build your wealth which seems to be an area that millennials are struggling with the most.
GoodBudget is a budgeting app that allows the user to create a budget that is easy to stick to, making saving money a lot easier. GoodBudget uses a virtual form of the old envelope system where you put your money into an envelope for each expense and when an envelope is empty to stop spending. You start with a savings envelope then allocate funds to your expenses. You have planned your savings before your expenses so you don’t overspend.
GoodBudget comes with a free plan that includes 10 regular envelopes and can be used on 2 devices.
Australia has one of the highest levels of smartphone penetration in the world and there is an increasing array of very useful tools and apps freely available to help us manage all aspects of our financial lives.
In this article, I’m going to share the top 5 apps that can make managing your SMSF a breeze.
Macquarie Mobile Banking
A great bank account is central to every SMSF and all banks have their own dedicated smartphone apps. I am going to use the Macquarie Mobile Banking App as an example as the Macquarie’s award winning Cash Management Account (CMA) is the most popular for SMSFs.
Their app allows you to easily manage your Macquarie CMA and view your term deposits from the palm of your hand. It gives you a live feed on your cash balance and interest income and allows you to make immediate payments via BPAY or EFT.
If you are worried about how secure the app is,