Personalfinance tips

Managing Wallets

Dividing personal finances into several “wallets” is an important element of budgeting. This approach simplifies financial capabilities assessment for longer periods and reduces the likelihood of impulse purchases. For instance, you can create the following wallets:

  • Current budget;
  • Free cash;
  • Moneybox;
  • Loan payment, etc.

Accounts Aggregation

The possibility to aggregate data from accounts on various services in a single window is an obvious advantage for this kind of app, as it will allow users to manage their personal finances and family budgets efficiently. Consequently, the budgeting app should provide integration with various banks and payment systems (via API).

Help Your Parents Refinance Parent Plus Loans

Parents that have taken out loans to help you pay for your college deserve a break too, and everyone involved can save money by refinancing Parent Plus Loans. With rates the lowest they’ve been in years, now is a great time to help you and your parents save money by refinancing. SoFi is a trusted Parent Plus refinance provider, with over $30 billion refinanced to date.

Onboarding

The more functions your financial app will have, the more difficult it will be for users to figure out how it works. Therefore, it is worth trying to make people feel comfortable while interacting with your product. To do so, you have to think over the onboarding process when users launch the app for the first time. It would be best to offer them tips when they use various functions. You can read some helpful tips in our article: Mobile App Onboarding: 9 Best Practices with Examples.

Core Features of a Personal Finance Application

This list will differ depending on how complex and broad in terms of app for personal finance management functionality you are going to make. However, the following functions can be called the key and most demanded ones among users.

Go For Tutoring Opportunities

Get paid for your advanced education by tutoring in your community. Whether you tutor high schoolers or even lower classmen at your college, you may be able to earn a decent amount of money on the side by tutoring. According to Payscale, tutors average $17.50 per hour, so even tutoring just a few hours a week can quickly add up. Sites like Care.com connect tutors with students on a simple, easy to use platform.

Consider Campus Jobs

If you aren’t part of the federal work-study program, you still may be able to find available on-campus jobs. A part-time job on campus is a great way to make some additional money and connect with faculty and staff. While campus jobs don’t typically pay much more than minimum wage, if you’re eligible for the federal work-study program, you should take advantage of the opportunity.

Take Surveys Right from Your Phone

Let’s face it, we spend a lot of time on our phones; so why not get paid for it? There are tons of apps out there that will pay you to take surveys about the things you use every day, and when you have some time in between classes, taking surveys is a great way to earn extra money in college. Swagbucks is one of the largest paid survey sites in the world, with over 20 million users and tons of ways to earn online. You can earn reward points that you can redeem for gift cards and cash by taking surveys, watching advertisements, and even browsing the Internet. You can earn money for the things you do online every day. Pro Tip: If you sign up for Swagbucks using this link, you’re eligible to receive a $10 bonus. Survey Junkie is another very popular survey site, with new surveys uploaded virtually every day. Offering competitive payouts and personalized surveys sent to your inbox every day, it’s easier than ever to earn money online through Survey Junkie. When you sign up, you’ll receive a $10 bonus immediately. Good to Know: With Survey Junkie, you can cash out your points as gift cards or cash in your PayPal account.

Walk Dogs Around Campus

Rover is a simple way to earn money while having fun and exercising. You can get paid to walk dogs and take care of pets, either in their home or your own. You can set your own rates and hours, and even get personally requested from your regular clients. Rover requires a simple background check and you’ll need to know some basic dog safety information, but the signup process takes just a few minutes. Take your dog walking earnings even further by signing up for Wag, another popular way for students to earn money walking and petsitting neighborhood dogs. College students do a lot of walking, so why not make some extra cash along the way? Just like Rover, you can set your hours and customize your rates right through the Wag app. Good to Know: When you sign up for Rover, you’ll get a $20 signup bonus.

Make Money Driving

One of the most popular side gigs in the world, Uber makes it incredibly easy for students to earn money in their free time. You can sign on and off of the app whenever you want, and if you’re in a major metropolitan area, riders are almost always available. Driving the right hours can earn you as much as $25 per hour, making it one of the best ways for college students to earn and save money. Take your driving earnings to the next level by also signing up for Lyft, the main competitor of Uber and a second great source of earning through driving. Pro Tip: With Lyft, you can earn even more by driving during specific hours, completing fun challenges, and driving in specific areas.

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