With the advancement of technology, we’re able to make our lives easier than ever before. Mobile apps are especially effective at making our everyday tasks more simple and efficient, which in turn saves us money and gets us more stuff done in less time. With the way technology is growing, you’ll probably be able to do everything with your phone someday! But in the meantime, here are 6 of the best money-saving apps of 2022 that can help you get ahead financially right now!
Digit: A Mindless Way to Hit Your Savings Goals
In today’s world, it can be tough to save money. But with Digit, you can set aside money without even thinking about it. Every day, Digit analyzes your spending and income patterns to see what you can afford to save. Then, it automatically transfers that amount from your checking account into your Digit savings account. So far, Digit has helped people save over $1 billion!
And what’s really cool about Digit is that it learns over time. The more you use it, the smarter it gets at knowing when you can afford to save. And if your financial situation changes (e.g., you get a raise or start spending less), Digit will adjust accordingly so that you’re always saving what’s right for you. To get started with Digit, all you need is a checking account and an internet connection. Download Digit today and begin putting more money into your savings automatically each month!
Acorns: A Virtual Piggy Bank Turned Investment Account
Saving money and investing can be difficult. It takes discipline and self-control, two things that are hard to come by in our busy lives. If you’re looking for a way to build your savings but don’t want it to take time or effort, then Acorns is a great choice. With an account you can easily start saving money without having to sacrifice your spending in any way. Plus, with automatic investing features, it’s practically effortless—and there’s no minimum amount required for investment. This app offers peace of mind with its low fees and access from anywhere using mobile technology. That makes it easy for you to save more on even your smallest purchases without having too drastically adjust your lifestyle just yet.
There are a few other things you should know about Acorns before deciding whether or not it’s right for you. First, Acorns doesn’t currently offer checking or savings accounts, which can be useful if you need access to your money immediately. However, if you’re interested in investing and saving for your future, an investment account is probably better for your needs anyway. Also, Acorns does require a minimum initial deposit of $5 to get started (it will be applied toward your first investment). This isn’t bad compared with some other investment accounts out there. Ultimately, it all comes down to what kind of impact Acorns has on your budget and financial goals.
Qapital: A Fun (Almost Addicting) Way to Save Money
When it comes to saving money, Qapital is one of the most fun and addicting apps out there. The app rounds up your spare change from purchases and tucks it away into a savings account. You can also set up rules to automatically save money when you reach certain milestones, like walking 10,000 steps in a day or eating out less than you did the week before. Plus, the app offers a ton of cool features, like the ability to split your savings into different pots for different goals.
If you’re looking for a simple way to boost your savings and you don’t want a full budgeting app, Qapital is a great place to start. The user interface is super simple, so it won’t take too much time or effort—just a few minutes each day can really add up. Plus, saving with Qapital helps reduce stress, as it removes money from your daily routine and forces you to consider your financial decisions more carefully. It’s so easy that you may not even realise how much money it’s helping you save over time.
Twine: A Simple Way for Couples to Band Together to Hit Mutual Goals
If you and your partner are looking for a way to save money together, Twine is the app for you. Twine analyzes your spending habits and helps you set goals as a couple. You can each contribute money to the pot and watch your savings grow. Plus, there’s no need to worry about who’s paying for what – Twine takes care of it all. So download Twine and get ready to start saving big!
Like all money-saving apps, Twine works best if you’re working together with your partner. It’s important to set up goals together, discuss what saving means for you and come up with a plan that works for both of you. Twine will help you work towards that goal every day by showing how much progress you’ve made towards reaching it as well as making it easy for you to add extra funds whenever necessary.
Varo: A Savings Account That Pays More Than 19x The Average
Varo is a new kind of savings account that analyzes your spending patterns and helps you save money automatically. The app also offers a great interest rate (currently 2.25% APY), which is more than 19x the average savings account interest rate. Plus, there are no fees whatsoever. That means you can save big without having to worry about fees eating into your earnings.
Great for people who want to save without thinking about it, Varo is a powerful and easy-to-use tool that you can use to grow your savings. If you’re worried about fees, there are none at all. But even if you don’t sign up for Varo, there are plenty of ways to save money in everyday life. Simply switching banks can yield savings—which will add up over time—of thousands of dollars over your lifetime. After all, that’s what banking is supposed to be about; helping you save money. And now it can help do just that.
Stash: A Choose-Your-Own-Adventure Investing App
Stash is a new investing app that offers a choose-your-own-adventure approach to investing. With Stash, you can start small and invest in the things you’re passionate about. Plus, there’s no minimum balance required, so you can start saving for your future today. You’ll earn interest on your account every day without paying any fees – and if you withdraw before 10 years, we’ll charge a small penalty fee. In 2020, they plan to offer customers 401k accounts as well as some basic banking services like checking and savings accounts.
If you’re looking for a low maintenance, interest-generating savings account that will help you save for your financial goals in a fun way, Stash might be right for you. The app is free and available on all major mobile platforms. If you’re hesitant to sign up because you think 10 years is too long, worry not. You can access your funds at any time without penalty — it’s just that early withdrawals won’t earn as much interest. Plus, every account comes with a complimentary Financial Checkup guide – it’ll teach you exactly how much money you need to save each month so that retirement is an option when you’re ready. Just open an account and connect it with your online banking information.