How Are You Being A Thrifty Investor?

Are you using any fintech (financial technology) apps? If so, are you using multiple? How do you choose just one when they all have so much to offer!

I know it feels like spreading money around, but it is nice to take advantage of the different offers that come with having multiple brokerages. Access to high interest savings accounts, offers on loans, credit cards, and rewards, it’s hard to stay away from all of them.

Now, I can’t throw money at all of them, and I am quite happy with the many brokerages I have, I do wonder, what else is out there? I used to use Acorns, but due to Plaid and other financial services not working with my bank, it seemed a chore. Not to mention their monthly fees eat into those extra coins being thrown into investments.

Once we closed that account, it gave us something to look into when searching other brokerages. Something often not looked at when signing up for brokerages, but the management fees. Some apps, like Acorns charge a monthly fee to manage your money. This fee is very similar to paying ETF management fees, but if you are already paying those, why should you have to pay even more.

For us, we just weren’t seeing the value in Acorns and found that we could be Thrifty with other apps.

What apps keep you thrifty? I’ve talked at great length of the ones my family uses, but I want to know what you use and what you don’t use, if you have experience. Please, tell us below!