Are you looking for new personal finance apps to try out in 2022?
Well in this video, I’m going to share the top 5 tools I’ll be keeping an eye on this
year.
Hey everyone this is Kyle from Money@30 and on this channel we look at personal finance
from a Millennial perspective, including app and tool reviews like this one.
With the new year now underway, I’ve once again been thinking a lot about finances - including
what some of my favorite FinTech apps have been over the past year.
Moreover, as someone who loves to discover and review new tools, it’s always interesting
to see these platforms grow and evolve - hopefully for the better.
With that in mind, I wanted to highlight the top 5 finance apps to watch in 2022 and why
I’ve enjoyed all of them so far.
The first pick on my list is the premium debit card PointCard - which is more specifically
now known as PointCard Neon
As I noted in my review, I was definitely skeptical of the PointCard at first - especially
because it currently carries a $99 annual fee.
However, I’ve been impressed with the cashback Access offers and rewards the card includes
as well as other promotions such as Streaks.
I also like how easy and instant it is to convert your earned points to cash and how
the card reimburses ATM fees.
Looking ahead, the reason the PointCard debit card is now known as Neon is because the company
is getting ready to launch a charge card called Titan.
While I’m not sure that this new card will be right for me, it is interesting to see
the company expandeing its offerings, which is why they easily make my list.
Next, another app I’ve enjoyed using and will continue to utilize in 2022 is the prize
linked savings account PrizePool
Last year, I featured the lottery-inspired savings app Yotta on my list.
In many ways, Yotta and PrizePool have a lot in common - which is why I made a video comparing
them.
However, upon further inspection, there are some key differences.
And while I still actively use both, I think PrizePool could have the more interesting
year ahead of it.
Currently, the app is in the process of rolling out its debit card product and has also opened
a waitlist for a crypto savings account.
Meanwhile, I’ve continued to see regular wins from their weekly prize drawings, even
if they only amount to a few cents each.
Overall, while PrizePool will inevitably still inspire comparison to Yotta, I think the competition
between the two will yield strong results throughout 2022.
Also on my list is an automated savings app I only recently started using for myself,
Peak Money
On the surface, Peak Money may seem like a fairly straightforward savings platform.
Like others, it allows users to create goals and build automated savings plans to help
them achieve them.
That said, the fun design and customization elements of the app help it stand out from
the pack in my eyes.
What’s more, the $4.99 a month Peak Premium offering adds other noteworthy features such
as Actions.
Whether you create a custom Action or opt for one of the featured ones, these provide
plenty of fun and easy ways to help grow your savings.
Although 4.99 a month is steep, I’ve been impressed with what Peak Premium has to offer
- but I think it’d definitely worth checking out the free version of the app either way.
While we’re talking about apps I don’t have a ton of experience with yet but have
been fascinated by, let’s discuss Credi.ai
Admittedly, I’m still not 100% sure how Cred.ai’s unicorn card works, but I definitely
see its potential.
First, the account makes a splash by offering a free metal card emblazoned with a fun unicorn
icon.
Aesthetics aside, what makes Cred.ai interesting is that it helps users build credit by reporting
a credit limit to bureaus while helping ensure that your balance is paid odd.
Elsewhere, the app is packed with interesting features and designs that show that FInTech
has some big ideas.
So, while I still need to fully test the service, I’m absolutely looking forward to doing
so this year.
Finally, rounding out my list is an app I’ve been using for a while but continues to go
strong and that is One Finance.
One is an app I’ve been using for more than a year now and have seen continually evolve
for the better.
When I first joined, I was already intrigued by their Pockets feature that allows users
to set savings goals or budget their funds and even use the platform as digital envelopes,
selecting which Pocket they want their debit card to pull from for any given transaction.
Also noteworthy is the 1% APY One pays on up to $5000 in funds placed in your Save pocket
as well the 3% APY paid on up to $1,000 a month Auto-Saved via direct deposit or debit
card round-ups.
Plus, like Cred.ai, One also offers a free Credit Builder account.
Overall, given the year they had in 2021, I see One Finance continuing to grow into
a major neobank competitor throughout 2022.
Hopefully this video gives you a better idea about what all of these apps are about, but
for more on each, I’ll have links to each of my full written reviews in the description
box down below.
Also, if you like this video, please hit the thumbs up button, leave and comment, and be
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So thanks again for watching and I’ll see you next time here on Money@30