Having a personal financial advisor by your side makes planning and managing your finances extremely easy. The advisor guides you in all financial matters and facilitates making well-informed decisions about saving, investing, and spending. Nerdwallet, an online financial management tool, does everything for you once you register with the website or download the app. The information and services provided on the website are beneficial for subscribers in gaining more clarity about their finances. On opening a Nerdwallet account, you can view all your savings, investments, and credit cards in one place, and together with easy access to a lot of personal finance-related information, making the right decisions becomes easy. Whether you are looking for credit or savings options, the support from the website or app drives you in the right direction to help you achieve your financial goals conveniently.
What to Expect from Nerdwallet?
Saving money mostly depends on your attitude towards life; only some can save money if willing. However, the financial advisor can keep reminding you about the importance of saving to strengthen your finances and lay a strong foundation to grow your money. The app keeps you updated by providing extensive information about the financial markets and related news of the financial sector so you can make the best possible moves at the right time to augment your finances. The insights gathered from the app allow you to control all financial matters that help you achieve your goals against the set timelines. The app gives you a breakdown of your spending pattern by identifying categories such as restaurants, rent/ mortgage, travel, entertainment, etc. You can identify excess spending and reduce it to use your money more judiciously.
Choosing Credit Cards
With so many different types of credit cards in the market and each trying to grab your attention with many attractive offers and rewards, choosing the right one takes work. The most difficult part is comparing credit cards to make the right decision. This is where the app can make things easy for you by providing guidance, tips, and reviews. Since everyone has their own criteria for choosing credit cards, the app’s side-by-side comparisons and objective reviews help you make the best and smartest decision. Over and above, Nerdwallet credit cards are also on offer for your consideration. The lessons learned from comparing credit cards with the help of the app make you smarter in choosing credit cards that align with your financial objectives.
Moreover, you will receive regular credit card recommendations based on the features – low-interest credit cards, cash-back credit cards, best rewards credit cards, balance transfers, credit cards with travel points, and many more.
Mortgage Calculator
The Nerdwallet mortgage calculator is a splendid tool for users to plan their finances most efficiently. Buying a house for the first time is one of the biggest investments of your life. It requires an accurate mortgage payment estimation to ascertain how well you can carry on with the liability for the entire duration. Calculating the mortgage is an ongoing exercise to identify the opportunities for refinancing the loan as interest rates change occasionally. With the mortgage calculator, you can determine where you stand compared to the current mortgage rates. Having a finger constantly on the mortgage payment helps you react quickly to changing situations and shift lenders to lower your liability.
By altering the data entered in the mortgage calculator, you can calculate the monthly payments for various combinations of tenure, interest rate, and principal amount and then choose the most beneficial. For example, you can calculate your savings to repay the loan early. The best thing about the mortgage calculator is that it also considers the taxes.
The company, founded in 2009 and listed on the NASDAQ, goes by the ticker NRDS. Nerdwallet offered shares to the public at $18 during the first IPO on November 4, 2021. In October, the shares jumped 21.3% as the company recorded a revenue increase of 7.15% for the second quarter. The Nerdwallet stock is currently trading at $11.81 as of November 29, 2023.
