Senior citizens refer to those people who are above 60 years of age, today’s senior citizens are different from previous generations because these generation senior citizens are tech-savvy and they are very active as far as the internet and mobile are concerned. Gone are the days when you had to take the advice of investment managers to invest your hard-earned money over the years because in today’s times all things are easily available on various mobile applications. Given below are 5 finance apps which can be of great use as far as senior citizens are concerned –
Finance Apps for Senior Citizens
Moneycontrol
If you are one of those people who has a flair for the stock market than this application can be of great use because it gives the latest information and quotes regarding the movement of broader markets as well as individual stocks apart from giving regular updates on the happenings of stock markets all over the world. One can also make a watch list of his or her favorite stocks or mutual funds to keep track of them daily.
Financial Calculator India
Using this app one can easily calculate return on various investment options like interest on RD, interest on PPF, income tax liability, EMI, and so on. Hence if you are one of those people who spent sleepless nights thinking that the bank may have given you less interest on your fixed deposits or you are worried about the income tax liability than this application can be of good use.
Google Pay or Amazon Pay
If you are one of those people who do not like to stand in line for paying their electricity bills, mobile bills, water bills or you want to send money to others than you can download Google pay or Amazon pay using which one can pay their bills online without going anywhere. In the case of senior citizens there is always this apprehension that they might get duped of their money, well if you are one of those who is worried about online fraud than you can do one thing that is open another saving bank account and keep only 10000 to 20000 rupees in it and link that account with Google pay or amazon pay so that even if someone tries to fraud you the risk is minimal.
Walnut
In old age, it is difficult to remember all things and that is the reason why you should have an app that can track your daily expenses, bills payments and also give reminders about monthly bills and that is where Walnut comes into play as it helps you in keeping track of your monthly expenses as compared to the previous month which in turn helps you in analyzing the reasons for any increase in monthly expenditure.
Policy Bazaar
Insurance is another important financial decision that should be taken keeping all factors in mind, when it comes to senior citizens their primary concern is their health and that is the reason why many senior citizens are buying health insurance policies for themselves and their spouse. This is where policy bazaar application can be of help as one can compare and buy not only health insurance policy but also other policies like a life insurance policy, car insurance, and other such insurance policies
Apart from the above apps, one can also download mobile banking app and passbook app of their respective banks accounts so that one does not have to go time and again in the bank for doing trivial inquiry like account balance inquiry or ordering checkbook, or transferring funds from one account to other accounts in the same bank. I hope above finance apps helps the senior citizens in making their life better financially and give them peace of mind with respect to their investment and money related issues.