Who ever imagined that an extremely nasty flu mutation would get people interested in saving again? Seems like there’d be a “spend like there’s no tomorrow” vibe to the pandemic, but no. People paid down balances and kept stimulus funds intact in a collective spasm of financial responsibility. Meanwhile, the rest of us spent it all getting food and sweatpants delivered.
Two words on that point: “worth it.”
We know this because it’s our job, as it also falls to us to faithfully produce the PYMNTS Provider Ranking of Personal Finance apps each month as a barometer on the financial aspirations of millions of consumers who think apps are the way to go.
Objective evidence favors the conclusion, as we see in this latest update to the only ranking we know of that saves people. It saves their money anyway, and that’s half the battle.
The Top 5
From where else but the top, it’s still a 12th century name and a 21st century product at No. 1 with rocking Robinhood, while Chime Mobile Banking rises to No. 2 and pushing the popular Stash app to No. 3.
In a field of gainers, Acorns Invest Spare Change rises one chart position to No. 4, as Mint Personal Finance & Money talks its way to No. 5 with fresh breath and financial management.
That’s a wrap for the Top 5, but we’re only halfway through.
The Top 10
U.S.-based challenger bank Current rides the thermals up one chart position to No. 6 this month, with fearless Fidelity Investments falling three precipitous chart positions to No. 7.
At No. 8 in this PYMNTS Provider Ranking of Personal Finance apps is Albert Save And Spend Smarter which always seems to hold its own, with the Emma Budget Manager app on its heels at No. 9 also having risen one spot since the last update.
New at No. 10 this month is the myWisely Financial Wellness app, reentering the Top 10 and concluding it, simultaneously.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
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