Surveys consistently show that women lag behind men in retirement savings. One of the big contributing factors is that women still earn less than men on average.
Here's the thing though, even if the deck is stacked against us, women can and should be able to outpace their male counterparts when it comes to savings.
The secret: Smarter choices. We need to make every penny count.
And we're here to help. We've compiled this list of apps that can help you save more and invest your hard-earned money smarter. Take a look…
Invest in Apple, Amazon, and other companies for just $5
Step one: Come up with a smart investing strategy. Even if you don't have lot of money to invest, you don't have to let that stop you — you can start investing with $5 or less.
Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more1. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.
If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way and you can use the Stash app to track your investments from anywhere.
As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio.3
Want even more tools and guidance? If you choose the Stash+ plan4 when signing up, you can earn 2x stock rewards when you spend on eligible purchases!2
Get paid $150 to ditch your debit card
If you’re using your old debit card for everything, you are probably missing out on serious cash, rewards, and benefits. With an Aspiration Spend & Save account, you’ll get $150 for opening a new debit card - just open an account, use your Aspiration debit card to make at least $1,000 in purchases within 60 days and you’ll get $150!5
You’ll also be eligible for up to 10% cash back on purchases and 1% APY on your balance – that’s 14x the national average interest rate.6
Not to mention unlimited fee-free withdrawals at over 55,000 ATMs. Best of all there’s no minimum credit score!
Start investing with a free stock valued at up to $225
If you've put off investing because you're intimidated, there's no better time to give it a try. That's because it's easier than ever for novice investors to get started with apps like Robinhood.
With Robinhood it’s completely free to buy and trade stocks, options, and more. All trading is commission-free with no account minimums or maintenance fees. They’ll even give you a free stock in a company like Apple, Sprint or Ford.
Sign up using the link below and Robinhood will add 1 free share of stock (valued at $2.50 to $225) to your account when your brokerage application is approved.
Budget better and trim up to $720 from your bills
Ever look at your bank account and wonder where your paycheck went? Poof, it's gone and you're not exactly sure where you spent it. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.
Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.
Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.
Start every day smarter (for free!)
This morning over two million people started their day with the latest news from Wall Street to Silicon Valley by reading Morning Brew. Did you?
Morning Brew is a free daily newsletter that makes reading the news actually enjoyable. It was created with millennials and young business professionals in mind to help you stay informed and entertained. You can start every day smarter with this quick 5-minute read.
It's free, informative, and entertaining. Why not give it a try?
Life insurance for less - starting at just $1/day
Here's a secret: life insurance agents often push expensive policies because their commissions are tied to the policy premiums you pay. The higher the premium, the more THEY get paid.
If you want to get the coverage you need for a fair price, you can skip the agent and get a quote online. With lifeinsurance.net, you can either buy your policy online or work with an agent over the phone who will listen to your needs and guide you to a policy with the best coverage for your budget. The price you pay will be based on your age and health, not someone else's commission.