technology Archives - Women’s Money

22Jun 2017 by Women's Money No Comments

The Wonderful World of Robo-Advisors

Entrepreneurship / Making Money, Goals / Taking Action, Money in Your 20s/30s/40s/50s/Retirement

Investing money is an effective way to grow your wealth, but knowing how to invest and what to invest in can be difficult when starting out. Until recently, the only options for investing were doing it on your own (a rather intimidating prospect for a newbie) or hiring an investment advisor, which comes with its own research burden to find the right advisor. Fortunately, there is now a third option available - using a robo-advisor. Do not let the odd name throw you off, they are actually very helpful tools. A robo-advisor automates the asset allocation of your investments using a computer algorithm. In other words, it is a type of software that acts in place of a traditional investment advisor to help you make investments. Human financial advisors may…

Budgeting: There’s an App for that

Budgeting, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Take Action

Budget, budget, who’s got the budget? Not me, I’m afraid. A budget is one of those things I know I should have but just haven’t quite figured out. Luckily, there’s an app for that! Actually, there are a lot of apps for that and I decided to review the top three (according to iTunes ratings) to see which app fits my needs best, and might just fit yours too!Daily BudgetAs you might expect from the name, this is app calculates how much you can afford to spend in a day!Pros: It has the highest rating on iTunes, a very attractive design, and is very user friendly. You put in your (monthly, bimonthly, weekly) income and follow that with your expenses. It has several pre-set categories of expense, but provides the…

Savings: There’s an App for that

Budgeting, Goals / Taking Action, Money in Your 20s/30s/40s/50s/Retirement, Saving & Investing

If you’re like me, you probably have a savings account but not a plan for putting money in it. These apps are specifically designed to help with your savings plan.I should let you know that this is NOT a sponsored review. This is a REAL review. No company asked us to do this, I just did this out of my own curiosity and desire to pass along some good tips.Money Box This was by far the most user friendly app I reviewed. It had a simple tutorial displayed the moment I opened the app or used a feature for the first time. The app is designed to help you save money for specific goals, like school, a car, or a vacation, and helps make that goal solid in your mind. You…