Sep 21, 2021
Question of the Day

Question of the Day [Latinx/Hispanic Heritage Month]: What bilingual personal finance app gives investment advice and teaches users how to invest and save for retirement?

Answer: Finhabits, a bilingual personal finance app created by Carlos Garcia


  • Where do you learn about personal finance habits and investing? Have you ever used an app?
  • Why is it important to start to think about investing and retirement even at a young age?
  • How can you continue to educate yourself and others with quality personal finance tips and information?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


Behind the numbers (NBCNEWS): 

"Garcia is the founder and CEO of Finhabits, a personal finance app that's accessible in both English and Spanish. The entrepreneur, whose parents were born in Mexico, has over 15 years of financial technology experience on Wall Street.

"To me, being Latino means having a very strong identity. It means culture, tamales, familia, hard work, and love for Mexico and the United States," Garcia said.

García designed Finhabits as a platform that helps people who have never invested, develop the habit to do it. “If I can make saving for retirement more accessible and cheaper, it’s a winner — it’s just like going to the gym,” he said. “We text you to give you a nudge to contribute on a weekly basis.”

What differentiates Finhabits from other digital financial apps, said García, is that it's focused on long-term financial habits. The digital platform charges $1 per month for accounts under $2,500 and 0.5 percent per year for accounts that pass that amount."



To learn more about Carlos Garcia in 10 Latinx business leaders who are championing diversity in their companies — and within their own community


Check out our new Fincap Friday focusing on entrepreneurship in the Latinx community - FinCap Friday: Entrepreneurship On The Rise

About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.

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