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 join Flash Rewards is a rewards program that’s been around since 2016 and has rewarded $11 million dollars 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 them figure out what offers & deals to recommend you)
  3. See if any Offers interest you (optional)
  4. Important: Get to Level 5 and follow the instructions on completing the specific number of deals for each level

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. Get a Personal Loan Fast Even if You Have Bad Credit

Your credit score is important but sometimes, unfortunate circumstances happen to good people. It’s not always a fair representation of your financial history to be judged by 3 digits.

Even if you have a poor credit score and have been turned down by credit card companies, you could still qualify for a personal loan* for your short-term financial needs.

OppLoans can help. They work to rescue and rebuild middle-income credit-challenged members for a brighter financial future.

Submitting an application won’t impact your FICO credit score^ and you’ll be able to get the best personal loan that you may need for car repairs, medical, family, rent, major purchase, etc.

Here’s who can qualify:

  1. Residents of FL, AL, AR, AZ, DC, DE, GA, HI, ID, IN, KY, KS, LA, ME, MI, MN, MS, MO, MT, ND, NE, NV, NM, OH, OK, OR, RI, SD, TN, TX, UT, SC, WA, WI, WY, or VA
  2. Have a minimum monthly income of $1,500 for the states listed above except AL is $3,500, and GA & ID is $3,000
  3. 18+ years old (19 if from AL or NE) and cannot be an active duty service member
  4. At least 90 days at current employer
  5. Have direct deposit

Qualified borrowers can borrow up to $4,000 depending on creditworthiness and state of residence.* “Payback is on a set term so no surprises and they are cheaper than those payday loans. I was able to get approved in just a few short hours. They really came through and helped me out!” Mike from Clover, SC.

And when monthly payments are made back on the loan, OppLoans will notify the 3 credit bureaus to build up your payment history!+

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

Skip the bank fees and apply to Chime, an online bank account 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. Check Your Credit Score for Free

Drobot Dean

Credit Sesame is a free credit monitoring service that helps you improve and maintain your score. No credit card is needed!

Get an easy-to-read view of your total debt plus everything that’s contributing to your current score like credit usage, credit age, inquiries, and payment history. It also comes with personalized recommendations to help increase your score!

It’s free to use so this is definitely a must-have since low scores can affect your daily life.

And Instantly Raise Your Credit Scores (For Free!)

Get an instant increase for free with Experian Boost™ which adds your positive payment history from phone, utility, & streaming services bills to your Experian credit file. (Yes, your Netflix® payment counts!*)

On average, members see a 12 point increase. All you need is a free Experian Boost membership and a few minutes to connect read-only permission to the online bank accounts you use to pay bills so Experian® can credit your history properly.

This process doesn’t hurt your credit at all and you can choose to remove the boost if you want. Try out the fastest and no-cost way to instantly improve your credit scores!

Results may vary, see website for details.

6. 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!

BONUS: The Automated Financial Assistant That’ll Help You Save $720/Year

New Year’s resolutions are coming up but make savings an all-year event.

Just use Truebill, a 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.

It’s simple:

  1. Download Truebill for free
  2. Link your bank accounts and credit cards so Truebill can analyze transactions (it’s secure and read-only access!)
  3. You’ll get monthly reports of your spending and how it changes over time

Plus:

  • 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

Save easier with Truebill and make your “new year, new you” vows count!

BONUS 2: Investing for People Who Don’t Have Time To Invest (+ Get Up to $85 Bonus!)

A regular checking account is basically like a waiting room for your money to enter or exit. But with Acorns Banking, you’ll get an account that does more, like automatically saving and investing for you! It’s perfect for those that don’t want to overthink (nor have the time).

You’ll also get a satisfying metal tungsten debit card with your custom signature engraved. More importantly, every time you make a purchase, 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 $10 bonus!

Acorn’s new Smart Deposit feature also takes a portion of each paycheck and automatically sets it aside into your checking, investing, and retirement accounts so you don’t have to. Plus, save with no hidden fees and get bonus investments from over 14,000 brands as you shop or refer friends.

AND get an additional $75 bonus when you set up a direct deposit to take a portion of each paycheck and automatically set it aside into your checking, investing, and retirement accounts.

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