What are the best budgeting and investing apps for your family in 2025?
Managing money can feel overwhelming but the right apps can make budgeting, investing and even teaching your kids about money much simpler.
ALBUQUERQUE, N.M. — Here are some of the best budgeting and investing apps for your family in 2025, according to financial advisor David Hicks with Oakmont Advisory Group:
Rocket Money
“One of the best apps out there is called Rocket Money. This helps you track your spending very easily. You can set savings goals. There’s very little work to get access to it, which is one of the great things about technology. It just makes complex things a little bit more simple. And it helps you prevent those overspending moments.
One of the things about Rocket Money, it puts up your subscriptions up at the forefront, so you can see where all of your money is going with all those little subscriptions you have, so you can decide what you want. You lose track of them and they all add up over time.”
Takeaway: “Budgeting apps allow you to have clarity. Once you know where your money’s going, you can make really good financial decisions.”
Robinhood
“Most people have heard about this or seen this. It’s one of the best apps out there to get you invested. You can invest in stocks, bonds, index funds and even Bitcoin on Robinhood. It’s simple. You can start with small amounts. So the barrier of entry is relatively low, you can do it with a simple couple dollars. It allows you to get fractional shares of these great stocks and great funds with very little money.”
Takeaway: “It gives you easy access. You can start learning how to save, when to save and do that regularly and that’s going to only benefit you over time, because compound interest and time is your best friend when it comes to accumulating wealth.”
Greenlight
“It’s largely our responsibility as parents to teach our kids these fundamental financial basics. And so one of the best apps out there to do so is called Greenlight. Greenlight allows you to have those conversations with your kids on how to budget, how to save. It gives them a debit card. You can give them allowance through this app and you can control their spending, and you can teach them, ‘hey, for every dollar you earn, let’s put 50 cents of that dollar to go to you, 40 cents to go to savings for the future, and 10 cents, maybe, or 10% going to tithing or giving back.”
Takeaway: “This really does spur on those conversations and again, as parents, if we can give our children that education early on, it’s only going to benefit them over their lifetime, because no one is teaching them these things.”