Tag

investing

Jul 14
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How to Start Investing for Beginners

By Investments, Money Management No Comments

Many people want to start investing but they don’t know how to begin or just scared to get started.

Take the first step in faith. You don’t have to see the whole staircase, just take the first step – Dr. Martin Luther King, Jr. 

In this episode of Financial Fornicating with Madam Money, Courtney Richardson of The Ivy Investor shares

Also, here are links to the apps we discussed:

[ctt template=”8″ link=”5a1en” via=”no” ]Start investing through your Employer’s Sponsored Retirement Program, especially if they match your contribution. That FREE Money! – @TheIvyInvestor[/ctt]

About Courtney Richardson 

Courtney Richardson founded The Ivy Investor, the resource for women seeking to navigate the maze of the investment world in ways that make sense. Courtney is a current attorney and former stockbroker and investment advisor with fifteen years of experience in the financial services industry. Courtney has an engaging and unique style that breaks down the stock market, retirement, and college savings in a way that encourages everyone to run out and take action.

Courtney holds a BA degree in Philosophy from the University of Pittsburgh. She also holds a JD from West Virginia University College of Law and a LL.M. in Taxation and Certificate in Estate Planning from Temple University Beasley School of Law.

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Apr 26
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4 Mobile Apps to Help Manage Your Money with Ease + a Bonus

By Money Management No Comments

Managing money can feel like a tedious task. And for some, creating a budget could be very intimidating if never taught how to do it. In the age of modern technology, using a bank ledge seems like the ice age. So, since majority of the world lives on their smart phones (thanks to Social Media Apps like Facebook and Twitter), here are four mobile apps that can help you manage your money with ease.

BUDGETING

Mintmint is an awesome app that links all of your bank/credit union, investment, credit card, loan, etc. account into the app so you can see your entire financial picture. Mint allows you to categorize your transactions so you can see exactly how much you spend and on what; as well as helps you create budget based on your spending trends. Mint also has a bill payment feature to automate paying your bills and great information and tips on ways to save, invest and budget. Click here to learn more and get started.

 

INVESTING

Acornsacorns app is an investment app that allows people to get started investing with as low as $5. You can manually transfer money or have a recurring amount deposited into your Acorns account towards your personalized stock portfolio. The app can also automatically invest your spare change from debit or credit card purchases called “roundups.” Once the roundups reach $5, it withdraws the money and invests it in your personalized stock portfolio. Click here to learn more and get started.

CASH BACK SHOPPING

Ebatesebates is a free online Cash Back Shopping app with 2,000+ of the world’s top online stores that pays a bonus to attract new, valuable customers through app and website. Ebates sends “Big Fat Checks” to your mailbox, your PayPal account or your favorite charity. Ebates is a great app to get cash back shopping the way your normally do online through the app. Click here to learn more and get started.

 

 

 

SAVING 

DigitDigit-desktop-account-610x377 is a cool app that automatically transfers cash from your checking account to a “rain day fund” savings account. This is a great app for people that find it a challenge to save money. Just connect your checking account to allow Digit to analyze your income and spending, and it finds money it can safely set aside for you. Every day, Digit analyzes if it can move some money from your checking account to your Digit savings account, without transferring more than you can afford. It also has a no-overdraft guarantee to ensure that you don’t overdraw your account because of the transfer. If necessary, you can transfer the money from your Digit savings account back to your checking account. Click here for more information and to get started.

UPDATE: Digit announced April 12, 2017 that was going to change to a fee based platform and only charge $2.99 per month. Thousands of people have saved so much cash and they live by this app.

qapital save(BONUS) Qapital is another great app that automatically transfers cash from your checking account to a “whatever you want to save for” account, but is a FREE alternative. Qapital also has a “round up” function that rounds up your purchases to the nearest dollar and automatically transfers the difference to the savings account. To ensure that transfers do not cause an overdraft to your checking account, Qapital pauses the transfers until you have at least $100 in your linked checking account. This is another app to help you save your spare change for a awesome Savings Goal, like Vacation.

These are just a few apps that I use to manage my money with ease that may help you as well. For more money lessons, click here to check out my free Madam Money Class.