If you are dreading the holiday stress, especially the ‘how-am-I-going-to-afford-all-these-gifts’ part, then we understand. The Christmas season is awesome, but the pressure of gift-giving can make anyone break into a cold sweat. So we have found great help for Christmas gift savings.
Wouldn’t it be cool if you could sort out the financial part in a snap so you can just enjoy the snow, the lights, and the gingerbread? That’s where FinTech, or financial technology, can be your holiday hero.
So, let’s dive into how FinTech can save your festive spirit and your wallet!
Why choose FinTech
Ever caught yourself thinking, “Gee, I wish there was a way to handle all the Christmas spending without turning into a total Scrooge?”
Well, welcome to the future! FinTech is that magical toolbox that can automate your savings, budgeting, and even some of your spending.
FinTech apps and services are here to revolutionize your Christmas planning. You can schedule automatic transfers to a dedicated “Holiday Fund,” track your spending, and some of these gems even round up your spare change and sock it away for you.
Think of it as your personal elf, diligently stowing away pennies so you can splurge when December rolls around.
Reviews – these apps are your new besties
Okay, so, you’re intrigued, but where do you even start? There are so many apps out there, it’s like walking into a snowstorm.
No worries, we’ve done the legwork and narrowed down some nifty options for you.
These apps are the digital Santas you never knew you needed:
- Digit – this app calculates what you can save based on your spending habits and then automatically transfers that amount into a savings account. Great for people who want to “set it and forget it.”
- You Need A Budget (YNAB) – this one is for those who really want to get into the nitty-gritty of where every dollar is going. It helps you allocate funds for different categories, including a holiday gift fund, and helps you stick to it.
- Stash – aimed at newbie investors, Stash allows you to invest your spare change in a range of ETFs (exchange-traded funds). It’s a double treat—you save and you learn a bit about investing.
- Plum – this is a smart little app that connects to your bank account, studies your spending, and sets aside small amounts of money that you won’t notice are missing. By the time Christmas comes around, you’ll have a pleasant surprise waiting for you in the Plum account.
- Robinhood – while not a traditional savings app, Robinhood allows you to dabble in stock trading without fees. If you’re a bit savvy, you could grow a little Christmas fund on the side.
- Betterment – and this robo-advisor can help manage your investments, even with a focus on short-term goals like saving for the holidays. It offers low fees and can be a hands-off way to grow your gift budget.
- Revolut – besides offering a slick current account and a multi-currency card, Revolut also has a ‘Vaults’ feature where you can stash away spare change or set up recurring payments towards your holiday fund.
- Tiller Money – if you love spreadsheets, Tiller Money automates financial tracking and budgeting directly into Google Sheets or Microsoft Excel. You can customize your Christmas budget down to the last bauble.
How great it is to have technology, and such a big offer to choose from!
AI and budgeting – the future is smart and savvy
If you’re already on the FinTech train, why not take it a step further? AI (Artificial Intelligence) isn’t just for sci-fi movies; it’s real, and it’s here to help you nail your holiday budget.
Several budgeting apps now incorporate AI to analyze your spending habits, forecast future expenses. And even suggest where you can cut back. The next time you’re debating whether to buy that cute, but unnecessary holiday decoration, your budgeting app might chime in with a timely reality check.
These AI tools can be easily integrated with your existing FinTech apps, making your holiday planning smarter than ever.
And there you have it, folks! With a handful of cool FinTech apps and a sprinkle of AI magic, you’re all set for a relaxed, joyous, and financially smart Christmas season. So go ahead, get these apps, set them up, and then kick back with your favorite holiday movie and a cup of hot cocoa. You’ve got this holiday season in the bag!
Don’t forget to check back as we explore more awesome FinTech tools for managing New Year’s celebrations and beyond. Think travel savings apps, investment bots, and much more. It’s all about making your life easier, one app at a time!
Speaking of investing, check out our other articles such as Investing as a hobby – start small, think big.
Always think big!