NerdWallet App: Track Your Budget & Credit Score - NerdWallet (2024)

FAQs

Is NerdWallet money tracker safe? ›

Your data is encrypted for enhanced protection, and every account you link is protected by a secure, third-party connection service. Does NerdWallet hurt your credit score? Nope! Checking your own credit on NerdWallet will not affect your score at all.

NerdWallet recommends the 50/30/20 budget, which suggests that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment. Monitor your credit, track your spending and see all of your finances together in a single place.

NerdWallet is free, supported by targeted recommendations for financial products like credit cards and mortgages, though the ads aren't intrusive. With a clear and intuitive user interface, NerdWallet is one of the best personal finance apps you can download.

Yes, NerdWallet is legitimate. It is a popular personal finance website that has helped many people make better financial decisions. More than 77,000 consumers have given the NerdWallet app a 4.8 out of 5 star rating, and the website provides financial guidance to more than 100 million consumers each year.

How does NerdWallet protect my personal information? We use industry-standard security controls, such as cryptography, to protect your personally identifying information. And our partners TransUnion and Plaid do the same. How does NerdWallet get my credit score?

We use certain physical, managerial, and technical safeguards that are designed to protect the integrity and security of your information. We cannot, however, ensure or warrant the security of any information you share or store with us through the NerdWallet Platform and Services, and you do so at your own risk.

(It's free.) Any features for which a fee may be charged are optional and must be opted into.

Checking your credit score on NerdWallet only prompts a soft inquiry on your credit report - not a hard inquiry - and will never impact your score in any way, no matter how often you check it. This article includes more detail about this: Does Checking My Credit Score Lower It?

On a $60,000 salary, which roughly translates to $50,000 after taxes (depending on your location and tax rates), 60% would be about $30,000 per year, or $2,500 per month. Savings (20%): This portion should be allocated towards your savings, investments, emergency funds, or debt repayment.

Yes. Assuming the rest of your finances are solid, a credit score of 700 should qualify you for all major loan programs: conventional, FHA, VA and USDA loans all have lower minimum requirements, and even jumbo loans require a 700 score at minimum.

What's better than NerdWallet? ›

WalletHub is the only app that offers 100% free credit scores, WalletScores and full credit reports. Get personalized tips to help you save money and improve your WalletScore and credit score.

NerdWallet does not sell your account information to third parties, nor do NerdWallet employees have the ability to see or access your account details.

Consider whether your primary concern is tracking your finances or managing your credit score. Credit Karma is likely the best option for you if your primary concern is managing or improving your credit score. If your primary concern is budgeting and finance tracking, NerdWallet is likely the better choice.

NerdWallet shows you how much you're spending on things like food, bills, travel and more so you can create a budget that works for you.

NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.

Checking your credit score on NerdWallet only prompts a soft inquiry on your credit report - not a hard inquiry - and will never impact your score in any way, no matter how often you check it. This article includes more detail about this: Does Checking My Credit Score Lower It?

You can view all of your bank account balances in one place by linking them to your NerdWallet account.