9 Financial Apps For 20-Year Olds to Level Up their Money Status

Disclosure: We’re letting you know that this post contains sponsored links which The Smart Wallet receives compensation for, which may impact their order of appearance because talking about money should always be an honest discussion.

There are so many financial apps that it can get overwhelming. And besides your normal banking apps, you could be missing out on some unique apps that can really help level your financial status, especially when you’re in your 20s.

For instance, how does instantly adding 12 points to your credit score sound? Or never paying overdraft fees – ever – again?

We’ve handpicked a few of our favorites below that can give you a nice variety. They’re all free to download so try them out to see what works for you!

1. Investing is Your Money Making Babies. Here are 3 Apps to Try:

Office Manager Sarah investing with $5 / Danny Guinta /*Photo for illustrative purposes only

There’s no rule that says you have to only use one investing app. Try different portfolios on each!

Stash lets you start investing with just $1!1 You can choose where to put your money (even in Google, Amazon, Tesla, Netflix, etc), and they’ll provide guidance and tools to help.3

With Stash Growth and Stash+, you can also choose the Smart Portfolio4 option which offers hands-off stress-free investing based on your risk tolerance.5 Plus claim bonus stock when you attend Stash’s virtual Stock Parties!

BONUS: Stash is giving new members $5 for any first investment so create an account to get started.2

Get free stock worth up to $200 with Robinhood, the free-trading app that lets you trade stocks, ETFs, and options, along with cryptocurrency all for free. No commission fees! It makes it really easy for new investors to get started with just $1.

You’ll also earn interest on any uninvested cash too. With a near-perfect 4.8 score from 2.3 million people, it’s a popular app that you should check out if you’re interested in investing.

Public is a social-investing app where you can buy any stock you want for as little as $1, all commission-free. Follow other investors on the app (financial experts, entrepreneurs, celebrities, athletes, etc.) and get a first-hand look at what they’re investing in and why. You’ll be able to buy the same stock or ETF with however much money you’re comfortable with!

Learn tips from the transparent community to build your financial literacy, invite friends and earn free stock, and see what Wall Street Thinks to buy, hold, or sell what you have.

2. A Legit Way to Earn $750 This Week

You can get $750 direct deposited into your Cash App account and all you have to do is try out some deals. The catch? You can only do this once a year!

Seriously, anyone 18+ can participate in Flash Rewards, a rewards program that’s been around since 2016 and has rewarded $11 million to members over time.

So how do you get the money? Answer: You just have to follow the instructions carefully!

Flash Rewards work by showing you “deals” they think you would like. This includes mobile apps and games, subscriptions, financial services, etc. Each type of deal you choose has its own mini task to complete.

  1. Head over to Flash Rewards and fill out basic info (Email, Name, etc.)
  2. Take a quick Survey (it helps figure out the optional offers & required deals to recommend)
  3. Complete deals by shopping Flash Rewards’ great brand name partners.
  4. Important: Follow the instructions on completing the specific number of deals for each level and get to Level 5 to get the maximum reward! (there are plenty of deals to try – some are free trials or app downloads, others require a purchase!)
  5. Claim the reward and get it in about a week!

You won’t get your reward if you don’t complete the required amount of deals. Sure, it takes a little more effort but it’s legit. Get your $750!

3. 500,000+ People Received Loans for Emergencies Regardless of Their Credit

Gas prices are already high, so don’t let unexpected emergencies, like car repairs, house repairs, and more, stress you. Qualified borrowers can borrow between $500 and $4,000 through OppLoans, depending on the state of residence.*

Even better, applying won’t impact your FICO credit score^! Opploans reports customer payment history to the three major credit bureaus so that consistent on-time payments may improve credit score.+

OppLoans is also committed to helping customers build a better financial path forward. If OppLoans can’t give you the best rate, they’ll automatically check other lenders to see if you qualify for better terms!

I was able to be approved for a loan within minutes and received my direct deposit the very next business day. I’ve never requested a loan before and was very leery of the process with it being online, but was pleasantly surprised at the customer service and prompt follow-up.” – Amaris A.++

You can see a state-by-state breakdown of loan rates and terms here.

4. Never Pay an Overdraft Fee Again - Here’s How

Skip the bank fees and apply to Chime, an award-winning mobile financial app with absolutely no monthly fees (yes, seriously) and savings at 0.50% APY1 — which is 8x2 the national average!

Their SpotMe feature lets you continue with a needed transaction even if you overdraft. That extra $20 you needed for groceries? No worries, Chime will spot you up to $200.3

No monthly fees, no minimum balance requirement, no foreign transaction fees, and FDIC-insured up to $250,000. Get paid up to 2 days earlier** too since Chime processes your employer’s deposit immediately, giving you access quicker than traditional banks.

Chime is free to use, so why not give it a shot?

5. Fast Personal Loans For Any Type of Credit

Personal loans get a bad rep but if you use them for the right reasons and can pay the reputable lender back, then it’s a valid option when you need some help. For instance, debt consolidation (credit card, student loans, etc.), house repairs or remodel, and unplanned major expenses like medical bills.

Save time and searching effort by using LoansUnder36, a loan matching service for those looking to borrow $500 up to $35K. They’ll find loans regardless of your credit status, with APRs from 5.99% up to 36% max. Their network has over 100 vetted lenders and you’ll be able to easily compare side-by-side with no obligation.

There’s no credit score impact by applying for quotes and the repayment periods are flexible ranging from 61 days to 72 months (6 years). But of course, the longer the period, the more interest it can accrue so plan accordingly!

6. The Best Financial App That’ll Save You $720/Year + Track Your Net Worth

Knowing your net worth isn’t just for rich people. It’s a financial report card that can tell you if you’re on the right track or if you need a wake-up call. To calculate it, you need the value of all your assets (things you own) minus your liabilities (things you owe). But wouldn’t it be nice if there were a tool that tracked your net worth over time for you?

Enter Truebill, the free money management app that’s like your personal finance assistant. It groups all your banking accounts together so you can see your earnings and spending in one spot. Plus, it helps you budget even if you don’t know how to.

  • The app will find all your recurring bills and subscriptions (even those you forgot about)
  • Truebill can help lower your bills by 20% (they negotiate for you)
  • The app also helps you start budgeting and set up auto-savings too
  • Their newest feature easily tracks your net worth

See what your savings could be with Truebill and start tracking your net worth too!

BONUS: The Money App That’s Backed by Paypal, “The Rock,” Ashton Kutcher, and More

Celebrities and leading investors can be particular about where they put their money, but Acorns has caught the attention (and their investments) of Blackrock, CNBC, Paypal, and major celebrities like Dwayne Johnson, JLo, and more. Not to mention, they already have 9 million+ customers!

That’s because Acorns Banking does more than other types of accounts as it automatically saves and invests for you. Every time you make a purchase with your new metal debit card, the spare change gets invested into an expert-designed, diversified portfolio of stocks and bonds. When you make your first investment, you’ll get a $20 bonus!

You can get started in under 3 minutes with no financial experience or expertise needed. You’ll also get access to retirement, investing for families, rewards, and more, all in one app.

With no hidden fees, Acorns makes it easy to invest in your future with your spare change.

Some of the sponsored links that appear on this page are from companies that offer investment advisory services. They compensate us; for details on our compensation arrangements, please click here.