top 5 Best Financial Apps

What are the Top 5 financial apps in the market currently? So in this video im going to break it down the top 5 financial apps, for investing, savings, budgeting, checkings, and even go over the apps I didn’t choose and why.

top 5 best financial apps

Investment Apps:
Robinhood: Investing active, Trading
- Pro: You get free Trading, They have Debit card ( Dividends), Borrow on a Margin ( Super risky)
- Con: You cant buy fractional shares, so full price for everything.

Acorns: For Savings money and Investig it ( I made 21% in one Year)
Pros: Start Investing with 5$, Fractional shares, Simple to understand portfolios, No management fee
Cons: Not as much freedom to selecting investments ( which I don’t mind because im it for the long run)
However: I would like a feature to borrow against my portfolio

M1 Finance: Also for investing and similar to Acorn but with more freedom
Pros: Select more Funds/ stocks, Fractional shares, Build custom portfolios
Con: No real-time trades ( so picking stocks is not the best idea), m1 Finance plus (it's mediocre)
Tip: I have a full review on them ( I love the investing its just the plus features you don’t need)

Checkings
Sofi: Hybrid savings and Checkings
Pros: you get unlimited ATMs worldwide, can talk to a financial advisor, Earn 1.60% APY, and set Up Vaults, FDIC 1.5million
Con: Can’t deposit cash, ( But you can bank to a bank transfer, deposit checks, or direct deposit)

varo: Checkings and Savings
Pro: You can deposit cash ( Green dot fee 4.95), High Yield savings 2.80% (direct deposit), No fees ( minimum, overdraft and so on) and FDIC insured
Con: no atm reimbursements, neither do they reimburse fees for deposits

Mint:
Pros: keep track of your expenses and income, credit score and gives your credit offers
Con: that might cause some bias since they are partnered
Very simple not enough customisation

YNAB :
Pro: very detailed and has a learning curve but allows you to dive deep into your finances
Con: it's not free, 11.99 a month or 83.99 a year

Alternative
( I use Excel/google sheets (free))
Pro: I customize it exactly how I want to for free

Savings:
Wealthfront: Savings money
Pro: Transparent, you can set goals like vacations and buying a house, 1.82% APY
Con: Deposit checks yet

Productivity:
Evernote: Taking notes, Ideas, to-do list
Beeminder: Extra motivation lol

Websites: Doctor Credit
Bonus app: Prism ( paying bills),

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Snapchat: tommy28fly

[TommyBryson]

How many Apps do you currently have on your Phone?
***My Person Budget****

[SliceOfSabby]

love your enerrgy bro, and you helped me with this video

[TheSuperKeem]

Your videos really have me excited and motivated. I feel like I can actually do this (again). I am especially interested in the Varo and Sofi banking. I wish you started a trend where those who were over or near their limit could just post their link here.I am sure I can sign up with no bonus but that's no fun! 😩

[patrizerichards]

Have you heard of Clarity? In an interview, David Bach said it's like the Mint app on steroids.

[najeeblake]

Who you on the phone with 👀 lol. And thanks for all the knowledge you’re giving

[apherbal]

Hi the reviews for Robinhood on trustpilot are really bad on Trustpilot.. Would you still recommend them? Thanks!

[andrewdavis]

Hey tommy, this is unrelated to the subject in the video but I am a young African American with dreadlocks as well that’s considering accounting as a career also. Does the accounting industry discriminate against hair? Will it be hard to get hired with dreadlocks?

[ChrisFromDaTowns]

New sub here 🙏🏽 just a question bro how do you feel about the Albert app ?

[floridaman]

New sub, thanks for high quality content!!

[LoneWoIfPack]

Two thighs you should do while investing.

1. If you don't know what a margin loan is, you shouldn't even consider leveraging as an option. It's high risk/high reward (possibly lose everything).

Only invest what you can lose and buy impact you significantly.

[darlenehaffaney]

I appreciate your research and vocals. Please keep up the great work. Keep in mind you can't please everyone. I'm one who is very satisfied. But the majority rules.

[clane]

Varo App You can also deposit cash by using cash app which transfers instantly.

[jillwhitehead]

Robinhood does let you buy fractional shares now. Thought you would want to know. Thanks for the video.

[christianmiramontes]

Signing up to sofi using your link... you got some excel templates?

[wizenedmoney]

Like 55 was a lil more like finance, etc.

[tracybush]

I use Greendot they have two cards one is you earn 5% cash back on any purchase, the other is unlimited cash back on app purchases 3% cash back, a small monthly fee of $7- $9.95

[Hotdrboy]

Thats a nice chair, where can I get one like yours??

[purplenikki]

I literally only have chase and acorns on my phone lol

[LyeraTech]

yep, that's me.some of them I forget what the app was for?

[fwoodie]

Thanks for the info like always...I signed up for Sofi under you. Easy $50!