Thing of the month: LearnVest

Learnvest by Learnvest Inc.

Jasmine CJASMINE CHAVEZ

Second-year undergraduate, University of California, Los Angeles

“Finally, an app that makes you stop feeling so broke all the time! LearnVest helps you plan how much to spend for different occasions, whether it’s gifts, personal care, your dog’s chew toys…whatevs. It also helps make debt repayment plans. You can do it all on your own or with expert help by working with a LearnVest planner.”

Useful?

Rating: 4 out of 5 stars
If you can’t remember where your last paycheck went (or if you don’t get a paycheck at all), then definitely! LeanVest syncs to your online bank account. There’s an option to have an expert help you plan and budget: Everyone gets a free 15-minute consultation, and you can buy more time.

Fun?

2 out of 5 stars
Managing money isn’t what I’d call “fun,” but it’s necessary. The app is pretty straightforward. It didn’t take very long to set goals and categorize my spending. I was able to categorize cash transactions fairly quickly and write in where I spent the money.

Effective?

Rating: 4 out of 5 stars
No one is responsible for your money issues but yourself. LearnVest showed me how much interest my savings account was generating each month. It also showed me my net worth. All my recent transactions were displayed and categorized so I could see how much I typically spend on food, school, and personal items. It also subtracted spending from the income I said I received monthly, and so it shows me my progress.

Where to buy

iTunes