Cleo usually comes up highly recommended when searching for user-friendly budgeting applications.
The app boasts a clean and intuitive interface, making it excellent for budget beginners. Its AI-powered capabilities let you receive personalized budgeting recommendations and financial insights.
Cleo also serves as a cash advance app. The service claims to have helped over 5 million users access quick loans, plan their finances, and build their credit scores.
But Cleo isn’t the only money management application around. Several alternatives exist, as highlighted below.
1. Brigit
Brigit is undoubtedly one of the best cash advance apps like Cleo, promising up to $250 for eligible users.
What sets Brigit apart is the absence of interest and late payment fees. The app also boasts a relatively fast funding time, 1 – 3 days for regular advances and 20 minutes for express funding.
Brigit imposes a minimum borrowing amount of $25. But that’s by no means a deal-breaker, considering you can access up to ten times that amount.
While not the cheapest money app around, Brigit’s paid plans are relatively competitive. The Plus Membership package costs $8.99 per month, with the Premium Membership bundle going for $14.99 per month.
2. EarnIn
While Brigit caps the maximum lending amount to $250, EarnIn lets you access up to $750. This is certainly the go-to cash advance app when dealing with expenses that must not wait till your next payday.
EarnIn doesn’t charge interest fees. The app doesn’t solicit tips, either.
The average wait time for regular funding is 1 – 3 days, which is within the industry duration. You can also unlock express funding and access cash within 30 minutes for fees as low as $2.99.
EarnIn also comes with credit monitoring features. You can analyze your creditworthiness in real-time to make informed financial decisions.
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3. Empower
Formerly known as Capital, Empower is another cash advance and budgeting app worth downloading. It’s part of the Empower Personal Dashboard, an elaborate system that features numerous financial wellness nuggets.
It doesn’t matter if you’re struggling with financial budgeting or are looking for quick access to cash. Take advantage of Empower’s helpful tools to stay on top of your expenditures.
Like EarnIn, Empower helps with credit monitoring. You can even gain invaluable retirement insights, making the app a long-term financial planning tool.
Empower is compatible with desktop and mobile devices. Despite where you run it, the software maintains its remarkably intuitive dashboard.
4. Dave
Dave is not just a single cash advance application. It’s a platform offering a comprehensive suite of financial wellness services.
Dave offers a cash advance via its ExtraCash, with funding available for up to $500 within five minutes or less. The company charges no interest fees. It doesn’t conduct credit checks either, making it excellent for borrowers with bad credit ratings.
With Dave, you can also enjoy external debit card transfers. Simply pay a 1.5% fee and move your money between bank accounts with minimal restrictions.
Note that you require a monthly subscription to unlock Dave’s financial tools. Fortunately, monthly subscription fees start from a paltry $1.
5. Chime
No list of reputable cash advance apps would be complete without Chime, a reputable financial literacy app noted for its high-yield savings account (HYSA).
Chime lets you borrow up to $500. The app charges a flat fee of $5 per $100 borrowed, translating to an Annual Percentage Rate (APR) of 29.76%.
While that may sound like a rip-off, it’s exciting to know that Chime imposes no compound interest or late fees. Besides, you have up to three months to repay a $500 cash advance.
Chime clients can also access fee-free in-network cash deposits plus fee-free in-network withdrawals in 50,000+ ATMs.
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6. Plum
Plum stands out for its AI-powered savings and investment tools, which let you craft a solid budgeting plan based on your long-term financial goals.
Want to set money aside for that dream holiday or a car purchase? Not to worry! Simply spell out your goals, and Plum will recommend a viable savings plan for you.
All deposits are automated. Besides, you can customize savings weekly or on every payout.
Plum also gives you access to different financial instruments. From stocks, bonds, mutual funds, and crypto… simply pick a product that aligns with your investment goals.
Feel free to test-drive Plum for free before buying a subscription plan. Subscriptions start from £3.99/month.
7. Simplifi
Simplifi by Quicken has racked up impressive reviews for its compatibility. Besides working exceptionally well on both Windows and mobile devices, the budgeting tool syncs with many productivity apps.
Simplifi offers a custom spending plan to help track your expenditure. The app’s interactive data visualization features, such as progress bars, make it remarkably easy to monitor your expenditure.
To help curb impulsive spending, Simplifi automatically categorizes your transactions. Bill reminders ensure you’re on top of your debts, while a net worth tracking tool provides your financial position in real time.
Simplifi’s paid plans start from $5.99/month.
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Final Word
Every money management app is unique. Therefore, you’ll need to define your financial needs to pick the perfect budgeting tool for you.
Are you seeking to track your expenditure or save money towards specific purchases? What about accessing quick cash for a payment that cannot wait?
Whatever your financial needs may be, there’s a money app for you.
Other key considerations when looking for a money management application include AI-powered personal recommendations, clear data visualization, and collaborative features.
Don’t forget to test-drive each budgeting tool before committing fully to it.
