![]() ![]() 3) MintĬreated in 2006, this app manages all users’ accounts (current, credit cards, mortgages, RRSPs, RESPs, etc.) in one place. A free version is available for download or there’s an option to pay for more advanced functionalities (US$1 a month for two years). Choose one of two paying off strategies: “snowball” (pay the smallest amounts first) or “avalanche” (highest balance first). With the Debt Payoff Planner, users can assemble their debts in one place to compare interest payments, terms, outstanding balances, etc. ![]() Managing debt was the second biggest financial concern for Canadians, according to the 2018 CPA Canada Finance Study. With the Canadian Mortgage App, users can calculate how much they can afford for a home, compare different scenarios (factoring in incidental expenses such as a building inspection and legal fees), find a mortgage rate and submit the application directly to a broker registered on the platform. Housing affordability was top of mind in this year’s federal budget with the announcement of the First-Time Home Buyer Incentive. However, disclosing your PIN or other account information may violate the agreement with your financial institution, so check with them first before using any third-party services. Luckily, these apps (available for iOS and Android) can help you get a handle on things. Whether you’re managing debt, saving to buy a home or planning for retirement, figuring out your finances can make your head spin. Disclosing your PIN or other account information may violate the agreement with your financial institution, so check with them first before using any third-party services (Getty Images/ferrantraite)
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