MEMPHIS, Tenn. — April is National Financial Literacy Month. WREG is kicking it off by sharing some simple ways to save, budget and invest by letting technology do the work for you.
Personal finance apps like Rocket Money allow users to set financial goals while monitoring spending, staying on top of bills, and even tracking subscriptions.
With PocketGuard, users can see a snapshot of their budget and bills in one place to get a better idea of how much they really have.
For folks who have used or heard of the envelope system for budgeting, consider GoodBudget as the digital version.
There are also apps like Honeydue that are designed for couples to budget together.
Micro investing apps Acorns and Stash allow users to start portfolios with small amounts of money. You can even round up and invest your spare change.
Experts say before using any such app, do some research on how the companies store and protect your personal information.
Jennifer Elmore with Regions Bank says technology has made tackling finances much easier but having someone to talk to can make a difference.
“There are a ton of valuable resources that you can find on establishing a budget, paying down debt, home ownership. But having the opportunity to have the personal connection can really help build the confidence and firm foundation that a lot of people need to take the next step,” said Elmore.
In recognition of National Financial Literacy Month, Regions Bank is hosting financial webinars every Saturday during April. The first one, How to be Confident with Money, will be held on Saturday, April 6 at 9:00 a.m.
You can sign up here.
Regions Bank is also offering free, one-on-one meetings with bankers where consumers can discuss topics such as income, expenses, and financial goals. You don’t have to be a Regions customer to set up a meeting.
Set up an appointment or learn more about Greenprint meetings
Non-profits like Operation Hope also offer free financial coaching.