speed up‘s personal finance app now allows users to share their financial information with trusted parties.
This new feature in Simplification The app allows spouses to share information and adjust budgets, parents to help children develop healthy financial habits, and users to help aging parents manage their finances. , Quicken said on Wednesday (Feb. 1). Press release.
Users can also share information with accountants to streamline tax preparation and work with financial planners on budgets throughout the year.
“When it comes to financial planning, the individual-based approach taken by many financial tools can leave consumers feeling isolated,” said Quicken. Eric Dunn mentioned in the release. “But collaboration can play an important role as we work towards financial freedom.”
The release of this feature follows several other digital tools aimed at promoting financial health.
For example, Cash App is saving function This allows customers to save on separate balances, set savings goals, round up purchases and add to their savings. These features are designed to make it easier for people to save for the first time, the company said.
Similarly, Klarna has added gamification features to its Buy Now Pay Later (BNPL) app. money management Visualize spending trends, provide animated quiz questions, and use Klarna to provide data from all your spending. The tool aims to help consumers take control of their finances and make more informed decisions, the company said.
Credit unions and banks can also help young consumers improve their lives. financial soundness Build wealth in the short term, build wealth in the long term, NCRMore president Doug Brown told Karen Webster of PYMNTS in an interview posted in January.
These financial institutions are based on data they can use to build meaningful relationships with young customers, Brown said at the time.
“Now is the time for us to step up and provide support to families in the moments we need them,” Brown said.
A new feature in Quicken’s Simplifi app will allow users to share financial information without sharing personal login credentials, according to a press release.
Users added to an existing user’s account will create their own login credentials at no additional charge, the release said.
“Simplifi’s new sharing capabilities seamlessly support collaboration, making it an even more effective tool for users to successfully lead healthy financial lives,” said Dunn in the release.