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5 Apps Which Make Millennials Spend Money Wisely!

These finance apps may help the millennials in managing their expenses in a better way.

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Apps which can help Millennials save money
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Millennials are leading their lives in the “tech age”, where they have their own set of generation problems. Inflation has been a common problem of all the generations, but Millennials altogether have a different approach to life. The young adults of today are much more carefree. Their expenses are not just limited to home, family and food. From going on regular vacations to spending money in hip restaurants, they want it all. Keeping all these factors in mind, it becomes necessary to set meager budgets for all the planned luxuries and at the same time increase your savings as well. This may sound difficult, but the digital era has made it easier. Below are five finance apps which would manage your expenses!

  1. Cash Envelopes! 

Keeping a strong will is tough if you always find money in your wallet. This is a world-wide problem. The solution for it is to decide your budget for various expenses and keep them inside envelopes. An excellent savings app, Mvelopes, has expertly executed this idea with the help of technology. This way, if anyone savings envelope gets vacant, you can either wait for it to refill or take money from other cash envelopes. These envelopes will get connected to maximum four bank accounts.

2. ‘Balance’ Your Way

An app called Balance is at the rescue of millennials. It helps to manage money effectively so that one can save a good amount. It has recommendations on habits of expenditures in the form of ‘recipes’. The app streamlines the documentation processes in investments; thus, making an individual aware of the risks linked to it.

3. Keep a track on money spent

Sometimes, we may just get reckless and spend our cash without keeping in mind the expenses. To control this behavior is of utmost importance. An app called Money View would help you maintain a record of all the payments you made. It also tracks the dates of your bill and never lets you miss a payment deadline.

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4. Sharing budget

Setting a good budget will better your spending habits. And, the Google Budget app helps you to understand better spending habits. It is quite like Mvelopes, except that it also facilitates sharing these budgets with close relatives. This app taps all types of payments, users are making from the connected account.

5. Tracking Your Overall Financial Position

Since Millennials grew up in the generation when technology witnessed a boom, they are expected to handle their bank accounts digitally without much panic or mulling.Mint app keeps track of your expenses, cash and income inflows. This leads to constant reminders in your mind about how much money you should or should not spend. An integrated amount of your savings also helps you in making better and bigger future decisions.

by Megha Acharya of NewsGram.

 

 

 

 

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Tech Giant Apple Removes ‘Illegal’ Apps from App Store in China

Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou

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Apple kills '25,000' illegal gambling apps in China. Flickr Commons

Apple has reportedly removed 25,000 gambling apps from its App Store in China that flouted the local Internet policies.

In a statement given to The Wall Street Journal on Monday, the Cupertino-based iPhone maker said “gambling apps are illegal and not allowed on the App Store in China”.

“We have already removed many apps and developers for trying to distribute illegal gambling apps on our App Store, and we are vigilant in our efforts to find these and stop them from being on the App Store,” Apple added.

The company, which recently touched the $1-trillion mark, reacted after China’s state broadcaster CCTV, accused the tech giant of not doing enough to screen out gambling and other illegal apps.

“Apple established its own rules for allowing apps on to its store but did not respect them itself, resulting in a proliferation of fake lottery apps and gambling apps,” the Financial Times reported, quoting a CCTV statement.

Apple
In September 2016, Apple opened its first China R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. Pixabay

Apple last year removed apps for virtual private network (VPN) services in China, used to circumvent Beijing’s censorship tools as well as hundreds of other apps, including Skype.

Amid heightened trade tensions between the US and China, tech giant Apple in July joined hands with its suppliers to launch a $300 million clean energy fund in China.

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The “China Clean Energy Fund” will invest in and develop clean-energy projects totalling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes, Apple said in a statement.

Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou.

In September 2016, Apple opened its first China R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. (IANS)

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