Could This New Money App Be Better Than Mint?

Could This New Money App Be Better Than Mint?

Brittney Morgan
Jul 28, 2017

Saving money can be a challenge, which is why many people rely on apps to help them be more money-conscious. It makes sense—your phone is almost always on you, and you're much more likely to think about the state of your financials when all the info and tools you need are just a click away in your pocket.

Most of the money management apps on the market, like Mint offer a slew of cool features, but if you're looking for one that will go the extra mile for your budget, there's a new app worth looking into: Clarity Money. The app launched this year and was already nominated for a Webby award in the Mobile Sites & Apps: Financial Services/Banking category.

What is it that sets Clarity Money apart from its competitors? Some apps offer options for tracking your spending, saving, investments and credit score, while others (like Qapital, for example) create a savings account for you and automatically squirrel away money, but Clarity Money seems to do all of that, plus a little extra.

Along with monitoring your credit score, allowing you to keep a savings account through the app, and monitoring your spending, Clarity Money suggests credit cards that are best suited to your lifestyle and financial situation—and even more helpful, it doesn't just monitor your bills to make sure you don't pay extra fees, it actually helps you cut down on your bills by helping you take advantage of discounts and coupons, and can negotiate with your service providers to save you money. In addition, it can help you cancel accounts you no longer use (like a membership at a gym you don't actually go to) to save you money there, too.

According to TechCrunch, of the 1,000 users who did Clarity Money's beta test, the app was able to save them $300 on average—so it works, too. The Verge also recently included Clarity Money in a roundup of "Five Essential Apps to Track Your Spending, Save Money, and Pay Your Friends" (the article also talks a lot about the differences between Clarity Money and probably its biggest competitor, Mint, if you want to know more about the difference in user experience). All-in-all, Clarity Money seems to be a smart option for people who want more control over their money without having to put in more effort or use more than one tool.

For all the details on Clarity Money's special features, head to the company's FAQ page. You can download the free app from the iTunes store (it's currently only available on iOS devices, but according to the website, both Android and Web apps are in the works).

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