Status Money allows you to compare your finances and find new opportunities to grow your net worth. You can see how your finances compare with millions of people like you. Status analyzes your accounts to find opportunities for you to improve – then gives you cash rewards for taking action. Join the community of more than 200,000 members taking control of their finances! Learn more about in our Status Money review.
What Is Status Money?
Status Money believes that in a world that’s going to be more interconnected than ever before finance management simply cannot function in isolation looking only after balances and transactions.
How Status Money Works?
So how does it all work?
Want free money?
- It’s simple and it’s easy to sign up for free here.
- Complete your profile inclusive of your financial status and living situation.
- Compare your finances and find new opportunities for money growth.
To get the most out of Status, I encourage you to:
• Link your accounts to find ways to improve
• Review your highlights regularly
• Earn more rewards by acting on your opportunities
Is Status Money Safe?
Status Money Features
Once you have signed up and requested a comparison of your financial status with those of your peers, your dashboard will show the following:
1) Your Net Worth
Your current up to date net worth which is helpful in tracking how you stand and how to grow your net worth.
2) Your Peer Ranking
This will show what your status is within the group of individuals [could be many thousands] of equal financial background or status. If you want another free way to check this, you can view your average net worth by age here.
3) Your National Ranking
This will advise you of what your national standing is financially.
4) Opportunities for You
A very useful component. This tells you where your weak links are especially in terms of interest rates and revenue generation on your savings. It will also suggest exactly how you can save money and make better decisions.
Status Money Dashboard
The Status Money dashboard also provides other very useful information such as your debts and assets compared to your peers and your standing within the peer group. In fact, it provides you with a complete financial picture perfectly up to date.
Each one of the above noted four components generates details that make up the chart which provides you valuable information at a glance. For example, the chart will advise what the up to date expenses have been and will accurately compare it with that particular individual’s peers and advise how much more [or less] expenses he/she has incurred so far and project a month-end estimate of whether it will exceed that of his peers and if so – why, and how it can be corrected by pointing out the area/s where the over-spend is occurring. Thus prompting steps to efficiently correct it.
You can now earn cash rewards for referring friends to Status Money!
How it works:
- Share. Share your Status Money referral link with your friends. They’ll earn $7 for joining and setting up their account. It looks like this: https://statusmoney.com/?ref=
- Earn. You’ll earn $1 for each new member that joins and links their credit file and an account.
Things to remember:
There’s no limit to how much you can earn, and your rewards never expire.
You can track and redeem your rewards by logging into Status and going to the Rewards screen.
If you’re using the mobile app, remember to download the latest version using this link.
Pros & Cons of Status Money
Want free money?
Status Money Alternatives
Status Money vs Mint
Mint is an incredibly popular online personal finance app that’s great for all kinds of users. Aside from it being a great finance app, it has a plethora of money management tools that you can also use. What’s astounding is that the app is free to use and allows users to create financial reports in a matter of minutes.
Some notable features of Mint include:
- Versatile and flexible budgeting tool
- The app can send you alerts and financial summaries via text message or email
- Extra security measure – the app sends out an SMS or email if it notes unusual account activity
- Account aggregation follows almost all bank-level policies for added security
- Users can customize their financial reports into easy-to-read bar graphs and pie charts
However, the only downside is that Mint does not have an account reconciliation feature. This may be a letdown for some users but otherwise, the app is great on its own. If you already have Mint but want more features, I would recommend signing up for Personal Capital. In fact, Personal Capital and Mint’s features are quite complementary. Users can also keep a track of their credit score with minimal hassle.
Status Money vs Personal Capital
The financial advisor company, Personal Capital offers several free tools to help users manage their budget and investments. What’s best is that the tool has an easy to navigate dashboard, perfect for beginners trying to save up.
For greater ease, you avail maximum benefits by linking up both your investment and banking accounts. You can link your account manually or connect the account automatically. Since there are many categories, you can use the tool according to your convenience. What’s best is that the tool will select the best category for you so you don’t have to go through the trouble yourself.
You can use this brilliant online tool to keep a track of investments or even retirement funds. It’ll do all the calculations so you can keep an eye on your investment costs and asset allocation without a worry. You can learn more in our Personal Capital review.
Some key features of this app include:
- Track expenses down to every credit card swipe
- Analyze all your expenses in real time on your account dashboard
- Use the tool to manage your future goals whether you’re planning to buy a house or get yourself a new car
- Use the Retirement Planner tool
- Ability to track your net worth
Creating a Status Money Account
Once you’re on the Status sign up page, they’ll ask you for:
Want free money?Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.
- Full legal name
- Strong password
- Date of birth
- Annual gross income
- Housing type (rent, own, other)
- Own a car? (yes or no)
- The last four digits of your Social Security number (for verification)
- Address (preferably the one that is on your TransUnion account)
Once you have access, you can start linking your accounts.
Is Status Money Legit?
Budgeting tools whether that of individuals, small businesses or giant corporations is always useful in lending an extra hand to help you manage your finances.
The great thing about Status is that it is a very well developed tool to use with a beautiful interface (one of the best I’ve seen). It’s free, and helpful, and can actually help you increase your net worth. What’s not to love?
Status Money Review Summary
Status Money actually brings you and your financial situation into the light from darkness. It provides you guidance for making better decisions for yourself and your savings whereas previously the majority of the people could not ascertain by themselves the mistakes they were making and even if they did, they did not know of better options – now, so within their reach. Thanks to Status Money.
at Status Money
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