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6 Personal Finance Apps that will Make Your Life Easier

If you live in the present day, then you probably can’t go anywhere without your cell phone.

I know I sure can’t.

As such, it’s extremely helpful to have apps to manage my finances at my fingertips. So, I’ve gone ahead and put together this list of 6 personal finance apps that I use on a regular basis. These apps have been a huge help to me, and I hope they do the same for you.

1.) Personal Capital

Personal Capital is a free money management tool that will help you keep track of all of your finances in one place. This will come in handy when it comes time to start budgeting.

It’s super easy to use and I use it every single day to get a snapshot of my finances. You can see my full overview of Personal Capital here.

10 Money-Making Activities You can do in Your Spare Time

Note: You can also get this guide in PDF form here.

I started Money Hero because I love personal finance. Being financially disciplined, budgeting, saving, all of it. But the best part of personal finance has got to be making more money. Who doesn’t like to get paid?

So that’s why I put together this guide for you on easy ways to make some side money in your spare time.

Many of these tips can be done very easily, with little to no commitment from you. And some of them will take some serious time and effort, and maybe even a small financial investment. But hey, sometimes it takes money to make money.

All of them will help you to bring in some spare cash.

Whether you’re looking to start a legitimate business or are just hustling on the side for some extra spending cash,

Why you NEED an Emergency Fund

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Do you have an emergency fund?

If not, you should.

I’m sure you’ve heard everyone talk about having an emergency fund, but what is it exactly, and why do you need one? An emergency fund or rainy day fund is a certain amount of money that you’ve set aside for, you guessed it, an emergency.

Emergency funds should be liquid, meaning not tied up in stocks or investments. You should be able to have immediate access to the money when you need it. It can either be actual cash (I don’t recommend this), or typically, a special savings account that’s dedicated specifically to the fund.

Buy why do you need an emergency fund?

The easiest answer is that it will save you when the unexpected happens (and believe me, it will happen.) And,

How to Deal with Burnout and Get Back on Track

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So I have a confession to make.

I haven’t touched Money Hero in about 6 weeks. Yikes.

As hard as I tried, and as much as I wanted to, I couldn’t bring myself to write any new blog posts. I had gone from working on the site 60 hours per week (on top of 40 hours at my 9 to 5), to zero. As it turns out, I was dealing with a severe case of burnout, and I didn’t know what to do about it.

I love personal finance, and I love sharing my experiences and what I learn with my readers. But I had worked myself into the ground.

We’ve all experienced burnout at some point or another, and it can be crippling. The simplest tasks can seem like the hardest, and there are times where we just don’t feel like it.

5 Things You Can Do to Improve Your Finances

Regardless of how much money you make, good financial habits can and will go a long way to securing your financial future.

Below I’ve listed 5  things that you can do, starting today, to improve your finances and save some money. These are things that many people miss with their finances, that can make a huge difference.

It’s easy to fall into bad habits when it comes to money. Being financially responsible takes a lot of hard work and discipline. I want to share these tips with you because they’ve all worked for me personally.

Stop relying on credit cards

When I first started my career, I faced thousands of dollars in credit card debt. I was not financially responsible, not in the least bit. As a teen, fresh out of high school, I didn’t think twice about getting credit cards (“free” money in my mind),

Retirement — How Much Should You Save for It?

There’s no question that saving money is incredibly important to personal finance. How much of your income you decide to save can have a huge impact on your financial health. It can and will affect every part of your financial big picture, from your retirement to a future home to your kids’ college tuition.

Since I graduated college and started my job at this software company, I’ve taken saving for retirement very seriously. My job offers a 401(k) with matching, as well as an HSA. Naturally, I took advantage of both, and started by contributing 7% of my pre-tax income to my 401(k). I kept it this way for the first year, then lowered my deduction to 3% (my company’s minimum contribution limit in order to get the match).

I also signed up for a Roth IRA through Vanguard, so that I could have some more pre-tax savings in retirement.

Understanding APY and APR, and How They Affect Your Money

Interest rates are an important part of choosing where to borrow money and where to invest money. To make good, solid choices, you need to understand what an annual percentage yield (APY) is, what an annual percentage rate (APR) is, and the difference between the two.

What is APY and APR?

APY and APR are similar in concept. APY is generally used in relation to saving money, and reflects the amount of money in interest that a financial institution will pay you for saving money with them. An APR typically is the reverse, or how much you pay in interest over a loan.

An APY takes annual compounded interest into account. An APR doesn’t. Because of the way each calculates interest, APRs are typically lower than APYs for a given interest rate.

So what’s the difference?

While that’s a simplistic definition,