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#FinancialBytes: 6 top financial planning apps every millennial should use
Thursday, May 3, 2018 IST
#FinancialBytes: 6 top financial planning apps every millennial should use

Millennials are making more money than their previous generations, but when it comes to financial planning, they lag behind.

 
 

Creating a secure financial future is extremely important. But if you haven't started planning your financial life yet, you can simply get started now on your smartphone.
 
Here are 6 apps that help in financial planning - from budgeting to making investments to saving money.
 
ET Money: Find best investment options, buy and manage them
 
Times Internet-backed ET Money is among India's most popular finance apps for Android, iOS.
 
It can be used for managing expenses, investing in mutual funds, and buying health/vehicle insurance with no paperwork.
 
Its automated expense manager smartly categorizes users' spends. They can invest in top-rated mutual funds or pre-selected mutual funds schemes and track investments. They can also start SIPs (systematic investment plans) for investments.
 
My Tax India helps you save tax and plan investments
 
My Tax India is a free app for Android and iOS that helps in calculating users' tax liability and also reduce it by planning investments.
 
Users need to enter their income and investments into its easy-to-use tax calculator, to calculate tax liability.
 
It also gives suggestions for additional investment options for higher tax savings and also gives the projected yields for a better idea.
 
Aditya Birla Group's MyUniverse app for almost all financial work
 
MyUniverse is an all-in-one finance app currently available for Android; it tracks income, expenses, and investments, too.
 
Users can invest in SIP mutual funds, equity, tax-saving tools, avail home and personal loans, get credit cards, etc. It also sends notifications about events affecting users' investments
 
It tracks finances and plans monthly budgets. The app also provides financial advice and helps users with goals-based investments.
 
Money View app offers various features for planning finances
 
Money View Money Manager is another great money managing app available only for Android currently.
 
It can track expenses, display daily/weekly/monthly spends graphs, set budgets, provide upto Rs. 2,00,000 instant loans, keep track of office reimbursements, and also suggest investment options.
 

 
 

Users can opt to grow their money faster by using its "Savings+" investment options or save big on taxes with "TaxSaver+" options.
 
Gurugram-based Saveabhi aims to promote saving, investment among youth
 
Saveabhi is India's first app that lets users put daily "spare change" into investment accounts.
 
Its "Save the Change" concept promotes small-yet-regular investments. The app saves spare change from users' debit/credit card/digital transactions by rounding up the spent amount to nearest hundred. Once the collected spare change crosses Rs. 500, it is invested in mutual funds.
 
It also tracks income-expense and plans budgets, too

 
 
 
 
 

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   Prashnavali

  Thought of the Day

People don’t care how much you know they want to know how much you care..!
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Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


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