If you don’t know what “fintech” stands for, it’s financial technology, and it has completely changed the way that we handle our finances. There are thousands of different websites and apps that you can use to make the most of your money. Some companies and apps are using technology to completely change the way that we handle our finances, and you should take advantage of these resources to ensure that you’re maximizing your money.
Life insurance is one of the best purchases that you’ll ever make for your loved ones. It’s the best way to ensure that your family has the money that they need, regardless of what happens to you, but shopping for life insurance can be a long and challenging search. Thanks to Haven Life, getting quality life insurance has never been easier.
With Haven Life, you’ll be able to calculate how much life insurance you need and apply for insurance coverage in under 20 minutes. Using Haven Life, you’ll be able to get quality and affordable life insurance coverage without taking a medical exam. If something tragic were to happen to you, your family would be left with a massive amount of debt and other expenses, but that’s where life insurance comes in.
If you’ve never invested your money before, it can be a scary experience, but Betterment is making the process much easier and less terrifying. With Betterment, all that you have to do is create an account and then set your financial goals. After that, all you have to do is start investing your money and Betterment will handle the rest.
Betterment uses an algorithm that they call their “robo-advisors”, which will invest all of your deposits into a variety of different venues based on your risk-preference. This is one of the best ways for any hands-off investor that wants to make the most out of their investment money.
One of the best things that you can do for your life is to make a budget. It sounds like a frustrating process, but thanks to Personal Capital, it’s extremely simple to make a budget and see where all of your money is being spent.
After you create a Personal Capital account and sync your bank account and credit cards, the app will categorize all of your purchases and show you where all of your money is being spent. If you don’t know where your money is going, you could be wasting thousands of dollars every year. Personal Capital is one of the best apps for taking control of your money and reining in any areas that you’re overspending on.
The idea of peer-to-peer lending has been around for thousands of years, but Lending Club is making it very profitable. With Lending Club, you can browse and reviews hundreds of different loan applicants to find the one that fits your risk preference and desired return on your investment.
Borrowers must go through a strict application process from Lending Club before they are able to start receiving loan notes, which means that you don’t have to worry about scammers on the site. You can find borrowers that are looking for money for a home improvement or even a car loan.
A new wave of investing technology is the idea of micro-investing, which basically means investing the change that’s sitting in your bank account. Acorns will automatically take spare change in your bank account and invest it in several different places. One of the best ways that you can boost your investment portfolio is to make it automatic. You won’t even notice that you’re investing your money, and the longer that you have the Acorns account, the more money that is going to build inside of that account. You can transfer the money at any time or you can make increased deposits if you decide you want to put more money in the account.
Fintech and your Finances
Because it’s so easy, there is no excuse for not taking control of your finances. Every day there are more and more fintech companies that are changing the way that we look at our money and how we manage it. It’s never been easier to budget, invest, or diversify our funds, and it’s going to continue to get simpler and simpler every day. Don’t wait any longer to create a financial roadmap for you and your family.