You know all about the major financial tools you need to get started in life, like checking and savings accounts, credit cards, and investment accounts. But do you know about the financial tools that are out there to help you stay on top of your money? While they may not be as exciting as other financial options, they can save you time and headaches down the road — so take some time to learn more about these 7 financial tools you didn’t know you needed.
An overview of financial planning
When it comes to financial planning, there are a few key tools you need in order to be successful. A budget is essential in order to track your income and expenses. An emergency fund will help you cover unexpected costs if something unexpected comes up. A retirement account will allow you to save for the future. And finally, insurance will protect you in the event of an accident or illness.
The best tool to track your spending
When it comes to financial success, one of the most important things you can do is track your spending. This allows you to see where your money is going and make adjustments accordingly. While there are a number of ways to track your spending, the best tool for the job is a budgeting app.
Best credit cards
Credit cards can help you finance large purchases or emergency expenses. They can also help you build your credit history and improve your credit score. If you use a credit card responsibly, you can earn rewards like cash back or points that can be redeemed for travel or merchandise. Some credit cards even offer 0% APR financing for a limited time, which can help you save money on interest if you need to make a large purchase. When choosing a credit card, it’s important to compare features and fees to find the best fit for your needs.
Debit card that pays you cash back
Do you ever feel like you’re wasting money on fees and interest? If so, a debit card that pays you cash back could be a great financial tool for you. With this type of card, you can earn cash back on every purchase you make, which can help offset the cost of fees and interest. Plus, if you use your card wisely, you can also earn rewards like points or miles. And if you’re ever in a pinch, you can use your cash back to cover an emergency expense.
Best budgeting apps
If you’re looking to get your finances in order, there are a few key tools you’ll need. First, you’ll need a budget. A budget can help you track your spending and make sure you’re not overspending in any one area. There are a number of great budgeting apps out there that can help you get started, like Mint or YNAB.
Best high-interest savings accounts
When it comes to financial tools, there are a few things you should always have in your toolbox. A high-interest savings account is one of them. With a high-interest savings account, you can earn more money on the money you already have saved. And who doesn’t want that?
Best 0% interest credit cards for paying off debt
There are a lot of financial tools out there that can help you get ahead, but you might not know about all of them. Here are seven that can help you save money, get out of debt, and stay on top of your finances.