Have you tuned into Dragon’s Den this season? If you did, you may have seen Hardbacon featured on a recent episode. Hardbacon CEO Julien Brault may not have gotten a deal, but he had Michele Romanow especially interested due to her fintech background and all the potential she saw in Hardbacon.
You may recall, but I wrote about Hardbacon on my blog last year. A lot has happened since then. Hardbacon is no longer just for investors. It has expanded its product and service offering. It now offers budgeting and planning. You can also compare credit cards and online brokers.
Budgeting
Hardbacon makes it easy to keep control of your budget. It lets you keep a close eye on your cash inflows and outflows, letting you live a healthier financial life.
Do you find it a pain to keep track of all of your accounts? With the Hardbacon app, you can see all your accounts in the same place. No more logging into multiple accounts. The Hardbacon app syncs to all your bank, credit card and investment accounts so you can access them conveniently from one single application.
Recurring expenses are a big problem for a lot of Canadians. $10 a month for an app may not seem like a lot, but when you’re spending $10 a month on 15 different apps, it can add up to a lot. Avoid “subscription creep” by doing a better job keeping track of your expenditure with Hardbacon. Hardbacon displays all of your expenditures, so you can do a better job managing them.
Planning
Are you a fan of goal setting? Then you’re going to love the Hardbacon app. With the Hardbacon app you can reach your financial goals more quickly.
When you enter your goals in the Hardbacon app, the app will help you plan for the future and reach them faster. The app helps you choose the right type of account (RRSP or TFSA) and the amount to save monthly to reach your goals.
Life is constantly changing. The Hardbacon app updates in real-time. The action plan you set for yourself is updated based on your income, expenses and the performance of your investments. Each of your goals is also linked to an account where you can easily measure the progress against the goals that you’ve set for yourself.
Compare Credit Cards
Do you find it tough to choose the ideal credit cards? With so many credit cards available, choosing a single credit card can seem overwhelming, but it doesn’t have to be. Hardbacon makes it a lot easier to compare credit card s.
Using Hardbacon you can choose a credit card using its comparison tool. You’ll start by choosing the purpose of the credit card. For example, if you’re not able to pay the card in full each month, you’ll want to choose “Low Interest Rate” under “Offer Type.” If you’re mainly looking for a credit card to earn rewards, you’ll want to choose “Rewards.” If you want to learn more about any credit card, you can click “more details.”
Compare Online Brokers
Once you have a new credit card, next you can focus on growing your net worth long-term through investments. Hardbacon makes it a lot easier using its Online Broker tool. With Hardbacon’s tool you can compare online brokers quickly and easily.
Hardbacon does this by helping you determine the type of investor you are. You do that by completing its questionnaire. For example, if you invest in Exchange Traded Funds (ETFs) you’ll answer “Yes.” You’ll then see a list of online brokers who offer the lowest fees on ETF transactions. This is one of the many ways Hardbacon makes it easier to invest.
Invest in Hardbacon Today
The Dragons may have decided to take a pass on Hardbacon, but that doesn’t mean you have to make the same mistake.
Hardbacon just launched a new round of funding on FrontFundr for those who would be interested in investing in the company. Invest in Hardbacon’s round on FrontFundr today and help Canadians make better financial decisions.
Sean Cooper is the bestselling author of the book, Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians, available now on Amazon and at Chapters, Indigo and major bookstores, and as an Audiobook on Amazon, Audible and iTunes.