Wouldn’t it be great to stop living paycheck-to-paycheck, have extra money left over each month for investments or vacation savings, and minimize useless expenses that chip away at your available funds without you realizing it sometimes? Financial security, freedom from debt, and passive income growth are things many of us want for our own lives, but it can be difficult to achieve these goals without plenty of time to devote to researching various financial options and deciding which route is best for your own situation.
If financial freedom is one of your major personal goals, however, there could be a silver lining in the clouds of limited time and resources you have to devote to achieving your goals: Cinch Financial. The company describes itself as a one-stop-shop for consumers to track their income and expenses, as well as finding the best rates on insurance policies, loans, and even cell phone plans.
Rather than spending countless hours researching different options on your own, you can now access a personalized CFO service to do all the tedious work for you, which will save you plenty of time and money over the long run. Not sure if you’re ready to make the leap and join Cinch? Here’s what you need to know before joining:
Personal CFO Service
Whether you’re brand new to personal financial management or a seasoned pro when it comes to organizing your finances, there are likely still areas in your budget where you’re wasting money. You might be paying monthly banking fees without realizing it, underpaying on your debt repayments, or using credit cards inefficiently (high interest, minimal rewards, etc.). The problem is that most of us have jobs and lives that distract us from managing every aspect of our financial lives, which is why Cinch is such a favorable option: it’s designed to be your very own personal financial officer.
In a nutshell, Cinch’s services are dedicated to improving your financial well-being by spotting and eliminating wasteful spending (fees, overdraft charges, high-interest credit cards, etc.), boosting your credit score by tracking your repayments and ideal strategies for conquering your debt, and finding better interest rates on insurance policies, credit cards, and loans.Use @CinchFinancial for a one-stop-shop for consumers to track their income and expenses, as well as finding the best rates on insurance policies, loans, and even cell phone plans.Click To Tweet
Examples where Cinch Financial has helped its users recently…
- Help a user save $360 this year by switching car insurance providers while maintaining the same level of coverage.
- Saved another user $2,100 this year by eliminating 3 monthly recurring expenses Cinch identified.
- Reduced on user’s student loan interest by $4,800 after Cinch found her an income-based repayment plan.
- Cinch helped a user start stashing extra cash into savings on a monthly basis – the first amount Cinch safely set aside was $470.
- After sorting out a crazy mess of automatic account transfers, Cinch helped a user avoid $1,313 in checking account overdraft fees.
In our busy world today, we simply don’t have time to dedicate several hours to researching financial products and spending/saving strategies to minimize inefficiencies in our budgets and maximize our savings growth. That’s why Cinch is a great solution for busy individuals and families: because it’ll do the legwork for you (saving you time and money in the process).
Unbiased Financial Information
Cinch Financial does not make money from advertisers and sponsors, which means they’re not just pushing you towards their affiliates’ financial products when you’re a Cinch customer. In fact, Cinch proclaims it’s solely in the service of its customers on the front page of its website, where it defines itself as a fiduciary, or “an individual with an obligation to act for another’s benefit, in whom another has placed the utmost trust and confidence to manage and protect property or money.”
Since Cinch is run by data scientists, engineers, and experienced financial experts, the company’s primary objective is to offer consumers unbiased information and point people in the direction of financial products that best meet each individual’s unique needs. They’re able to remain unbiased in their advice by charging customers a nominal monthly fee in exchange for the data-driven research and financial tracking services they provide, instead of relying on paid sponsors and advertisers.
The company further offers a “Get to True” promise, which promises consumers the best possible advice regarding financial decisions, based on years of experience, research, and data analysis.
You’re welcome to try Cinch out for yourself or you can watch this demo to get a sense of what Cinch can do. Cinch has just launched a new spending feature, which radically simplifies the way people manage daily and monthly spending.
Should You Sign Up for Cinch Financial?
Cinch is currently still in its beta stage of development, which means signing up is a cinch (pun intended). Simply type in your email address to be added to the list and they’ll contact you when the services officially launch. In the beginning, you’ll be offered a free trial membership and thereafter, you’ll pay a small monthly fee in exchange for the money-saving solutions Cinch provides.
It’s an excellent platform to help you start building, bigger savings, reduce wasteful spending in minor categories of your budget, and discover the best loans, insurance policies, and subscription plans for your lifestyle and unique needs.