Internet to the rescue: digital tools to help you achieve the dream of owning your own home

The dream of owning your own home may seem unattainable. But the Internet comes to the rescue. For some years now, millennials themselves (today 30-40 years old) have developed tools to help their peers achieve this dream that seems unattainable for many. The keys? Savings systems, credit simulations and more. Things from the adult world that seemed far away and that are already here: well, let’s support ourselves with our beloved technology.

To buy a property the first thing they ask you for is the foot. Generally it is 20% of the property, a figure that sounds quite unattainable. But if you are organized and manage to save it could be possible. Therefore, we recommend savings applications.

Today there is a wide variety of apps that can guide you when protecting your money. Which is it? We will talk about these later, but these include Control Expenses, Coinch: Saving together o 52 weeks to save challenge. In these applications, which you can download from Google Play or of App Storeyou simply share your income and expenses so that you receive help to keep track of your budget.

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Mortgage credit simulator

Applying for a mortgage loan can be a complex process if you do not have the necessary knowledge. Understanding how it works and knowing what our financial situation is is key to being able to organize ourselves before making the decision to invest or buy a property.

This is why there are various online and 100% free tools to be able to understand our debt capacity, and also simulate the number of installments and the amount of the foot that I must give when carrying out a real estate purchase transaction.

For example, the Propital Chile website offers a complete guide to buying or investing in a property, providing two tools focused on reviewing our status along with the data that is delivered to the system.

The operation of the free portal is by visiting the website simulator.propital.com , where you must add data such as your net income, variable salary, rent payments, savings capacity per month, credits or money saved. After inserting the data, you will be able to obtain the result of how much financing the bank could provide you for the acquisition of a property.

Saving or paying the dividend: the key to organized accounts

At this point, you already have your footing or you have already started paying the dividend. How to organize your accounts to make ends meet with this new burden? Again applications and the Internet to the rescue.

Track your finances with Wallet

Wallet brings together the best features of an application that allows you to keep a budget record in the palm of your hand. It has been downloaded by almost seven million people, is available in more than 20 languages ​​and is connected to some fifteen thousand banks.

Some features of Wallet:

• Wide range of categories and subcategories.
• You can add savings goals.
• Allows you to set spending limits.
• You can share expenses with other people.

Keep in mind, however, that Only with the paid version of Wallet will you be able to synchronize the app’s data with your bank’s dataa function that clearly means saving time if you are making payments with cards.

Wallet is available for Iphone, Android and Web.

Financial well-being and savings with Fintonic

More than a million people use Fintonican application that emerged in Spain and is now available in Mexico and Chile.

What is your value proposition? Fintonic allows you to control your different bank accounts in the same appdefine budgets, receive alerts for duplicate charges, commissions and negative balances, and obtain reports on your expenses.

One of the peculiarities of Fintonic is that You can integrate all the information from your commercial cards, contracted insurance and, in the case of Chile, from your AFP.

Fintonic is available for Iphone and Android.

Organize your shared expenses with Splitwise

Do you live in a house with your friends and have a hard time organizing expenses? Are you traveling in a group and would you like to split the bills? You should try Splitwisean application that Financial Times consider “essential to monitor your finances”.

The goal of this app is for you to have as little stress as possible when sharing expenses with other people. For that helps you monitor shared accounts, organize them, easily add expenses and keep track when you transfer someone or they transfer you.

With Splitwise you can manage the division of expenses for things as simple as going out to eat at a restaurant or paying monthly utility bills.

Splitwise is available for iPhone, Android and web.

The COIN budget path

COIN It is a very simple application for you to control your personal finances. When you open it on your phone you will see the quick actions: add an expense or add an income. Below that it will show quick expenses—gifts, food, etc.—and then a summary of your movements.

In the COIN metrics panel you can see your balance per monththe figure of your expenses and income and a graph with the percentage of expenses you had in the month in relation to your overall budget.

It also allows you to automate recurring registrations, such as rent payments or subscriptions to a streaming platform. If the value is the same you do not have to enter it manually each month.

COIN is available for Iphone and Android.

Regain control of your money with Monefy

Monefy It is defined as a “financial organizer” in which you can enter all your expenses, from buying a coffee to paying a bill. It is as if it were a life diary of your budget.

This application has a visual component: upon entering you will see a pie chart of your expenses. If you have to add a new record simply choose the corresponding icon —for example, food or transportation—enter the amount and press “Add.”

The categories are already defined, but you can modify them, as well as choose the type of currency of your budget.

Monefy is available for Iphone and Android.

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