6 Must-Download Apps That Make It Easy to Pay and Get Paid
In the past year we went from having long-overdue IOUs between friends to getting a ton of ways to pay people. Just a few taps and bing, bang, boom, you don’t have to worry about getting going to an ATM or writing a check ever again. (Wait, do people still write checks?) With so many ways to pay, this week, to Upgrade Your Life, we’re giving you the what’s what on your best options.
1. Collect Money From Lots of People: Whether you’re booking a summer hotel for you and your friends or divvying up gas money for a road trip, Glassjar can make paybacks a lot less awkward and difficult. All you have to do is start a jar, ask your friends to contribute a certain amount, and when the jar is full, the money goes to your account.
There’s even a fun roulette option that lets you take a gamble on having to pay for the next round, or not have to pay at all.
DL It: Free on Android, coming soon to iOS
2. To Split the Bill: A dinner can go from laughs and drinks to pen and paper when you have to figure out how to split the bill. It’s a total downer. With Tab, you can take a picture of the bill, and the app reads each of the items and the prices. Then, each person just joins in and claims what they ate. Tab will divvy it all up — tip included. No more pen and paper.
3. For More Professional Payments: While all of these apps could potentially be used to collect money from a client, there’s something about Payzo.io that’s just a bit more professional. Just set up your payment page, complete with your name and picture/logo. When you send someone that link, they put in their payment info just like they would for any online purchase. If you’re only using the service occasionally, you can accept up to $200 per month for free, and the monthly pricing starts at $9 after that. If you’re a Stripe user, this platform connects super easily.
4. Keep It Social: Venmo isn’t the prettiest payment app out there, but it’s great for things like getting coffee for people in the office or making lunch orders. You can pay and get paid just like with the other apps, but there’s also a feed function that lets you see who people in your network are paying. Also, when you’re making a note of what the payment is for, you can use emojis, so that’s fun.
5. Keep It Simple: From the people of Square comes one of the easiest ways to transfer money: Square Cash. The app couldn’t be any simpler: Just put in the amount you want to pay or get paid and then pick a recipient. They’ve recently added a super awesome $Cashtag feature too. Anyone can have a $Cashtag — it’s just a URL you create and send to everyone from clients to roommates so they can pay you from your page.
6. Make It Fun: Dishing out money usually isn’t super fun, but Snapchat is trying to change that with Snapcash. It’s not quite as fun to use as they make it look in their promo video, but it’s pretty simple to navigate and it’s inside of an app that you probably already have.
In case you haven’t tried it yet, you just go into your chat section, and in a message, just type any number after a dollar sign. Your send button will turn green and then you just send the money.
How do you square up funds? Let us know in the comments!
Your relationship with your finances is one of the most important relationships you'll ever have, and you can't avoid it. That said, for many of us, the pandemic only added to our financial stress. If you find yourself feeling frazzled, just remember that financial insecurity isn't a net-worth issue — it's a mindset issue. And, we happen to have plenty of advice on how to turn your money mindset around so you can take charge of your funds once and for all.
To start, feeling secure begins with a strong foundation, and there's no better time than now to get started stacking the bricks. It's easy to get swept up in the January "new year, new me" mentality, but really? Any time is the right time to get yourself in order. You don't need to wait for a new year, a new moon, the right moment, or a sign from above. You don't even have to start on the first day of the month — you just need to start.
Introducing NerdWallet: A Safe and Reliable Money App
To help with that, we've put together a list of the just-right-for-you ways that NerdWallet can help you monitor your financial outlook. Haven't heard of them yet? NerdWallet is a personal finance company that helps consumers make smarter financial decisions. Their website and app let you compare different financial products, find articles and tools to make financial decisions with confidence, and keep tabs on your finances (hey there, credit score, I see you!) all in one place. Plus, NerdWallet has over 75,000 glowing reviews in the App Store (and a 4.8 star rating) if you want to read up on any more testimonials.
Tim Chen, NerdWallet's CEO and co-founder, started this financial journey in 2009 after his sister needed help finding a credit card. Even with an economics degree and a Wall Street background, it took awhile for Tim to find the right recommendation (so don't feel too bad when it takes you a while, too). Their mission is to bring clarity to all of life's financial decisions.
So it's safe to say that NerdWallet is a pretty good sherpa for your journey, too.
Get the most from your money
Did you know that the money you park in a savings account can lose value? Harsh, but true. If your money isn't earning interest that's on pace with inflation it will actually be worth less to you in the future. And if the bank charges fees? Forget about it. Make sure you're earning the interest you deserve and come out on top. NerdWallet has researched dozens of financial institutions to help consumers find the best options. The hard work has already been done for you, so you can just select the account that works best for you and your nest egg.
Keep an eye on everything, securely
Once everything is set up, tracking and managing your finances is what will keep the money machine running smoothly. You can create an account either through the site or the app and link your bank accounts, then keep tabs on all your finances in one place. Get a clear picture of your saving and spending, get insights into how to master your money, and even build your credit score all in one place.
Get extra credit points
Do you have the best credit card for your lifestyle? Some cards give cash back on every purchase, ones with travel perks, and ones that charge way less interest than you're paying now. NerdWallet takes the guesswork out of choosing the right credit card with simple side-by-side comparisons of different credit cards so that you feel confident choosing the right one. Whatever you want to do, NerdWallet can help you find the best credit card to get it done.
Know your options for settling down
Mortgage rates are pretty low and it looks like they're going to stay that way for awhile, so buying a home might be the move sooner than you think. But there's so much more to a mortgage than just the interest rate! To help you choose a mortgage lender, NerdWallet has in-depth reviews on multiple lenders in a mixture of categories so you get the home loan with the mortgage rate, term, and fees that's right for you.
Settle an old score
NerdWallet helps you monitor your credit score for free and helps you see how little things (like raising the limit on your credit card or paying your bills on time) can increase your score. NerdWallet partners with TransUnion® to provide your VantageScore® 3.0, based on information in your TransUnion® credit report. Your score and credit report information are updated weekly. But that's not even close to all:
- They provide you with tips from experts on how you could build or optimize your credit score
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When it comes to managing your money, safe and reliable is where it's at. Establishing a healthy relationship with your finances begins when you take control and practice habits that build wealth. Signing up just takes a few minutes. Set your intentions to build a solid financial foundation, it will only strengthen your relationship with your finances. And don't be afraid to get a little nerdy while you're at it.