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HelloWallet

Financial Management and Advice


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Published 06/13/2010 and rated Ratingstars5 5 out of 5 stars
by AppAppeal Editor
What can you use the app for?

HelloWallet presents a new way to better finances for the every day person. Users can sign up quickly and learn better ways to make the money they currently earn stretch even farther. The site is not just information, it is also functional. Visitors can learn about better bank products, how to spend their hard earned cash and utilize helpful tools that monitor funds. HelloWallet also donates financial guidance to a needy family for every five paying members, giving a little back to help less fortunate people improve their situation.

HelloWallet screenshot
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What is the history and popularity of the app?

HelloWallet was created as a way to help Americans learn to manage their money better. After reviewing the statistics from the 1960s on, HelloWallet founders realized there was a serious and growing problem in America. While many families were investing in the stock market and more people opened up checking accounts, very few had access to sound financial advice. This has led to a number of problems, including home foreclosures and downsizing. HelloWallet was created as a way to reach out to the average American and show them the best way to maintain their finances to get the most out of their investments. The mission remains the same as it was since the site was created: to help alleviate the financial crisis many Americans find themselves in today. In january 2012, HelloWallet raised $12 million in Series B funding from Morningstar and TD Fund.

What are the differences to other apps?

HelloWallet is unique because it combines elements of other resources, forming a single go-to location for financial guidance and record keeping. While some sites provide articles and information that can be helpful, others offer tools to manage money. In an effort to help educate the average person on economic issues and how to handle money, HelloWallet has brought together both the informational element and the functional element in a single, easy to find location on the internet.

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How does the web app look and feel to use?

One of the most notable aspects of the HelloWallet website’s appearance is the friendly graphic design. Rather than taking on the look of a bank or financial institute’s virtual space, HelloWallet provides a much more inviting atmosphere that welcomes visitors to explore the site and find out how it can assist them. Lightly colored graphics and a grey and blue logo compliment the ton o the site. The navigation links at the bottom of the page are very light, almost illegible, but otherwise, the site design is very attractive.

How does the registration process work?

Right on the HelloWallet homepage, new visitors can get a sense for just how easy the registration process is. The site claims users can sign up in ten seconds for a free 60 day trial. After clicking the yellow sign up button, users must enter their name, email address, zip code and a password. A security question must also be selected. After checking the terms of service box and clicking the continue button, account creation is complete. There are no verification emails and a new user can get right to work learning about their financial situation and how to improve it.

What does it cost to use the application?

All new users can make a HelloWallet account for free. This free trial extends for 60 days. After creation, new users are provided with a note that if they wish to continue their account beyond the 60 day trial, the fee is $4 and $5 a month. While the fee is very budget-friendly, the site does not share additional details as far as what the cost difference means. Users are also protected by a 30 day money back guarantee.

Who would you recommend the application to?

HelloWallet provides valuable financial information and makes it accessible to the everyday person. Although a small business owner may find this application beneficial, it is primarily geared towards individuals and families in need of sound financial advice and management. Just about anyone can log on and use HelloWallet and the low membership fee makes this application easy to afford for almost anyone.

  • A build savings feature that helps users learn how much they should be saving for a number of different purposes, including house buying, retirement, college, and a “rainy day”
  • Add account feature that allows users to list all their current debts for easy management
  • Expenses feature that helps users manage their regular bills
  • A wallet grower feature that provides a plan tailored to the user’s situation
  • The My Deals bank shopper that helps users find out what financial products are best for them


HelloWallet video

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HelloWallet pricing

Most expensive plan (per month) : $8.95

Mobile versions

Iphone app

Iphone app

Android app

Android app

Languages

English

English

HelloWallet on Twitter

Link to app information

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