As a journalist, I can report that there are many savings apps available for download today. These apps can help users save money in a variety of ways, from rounding up purchases to the nearest dollar and investing the spare change, to automatically transferring small amounts of money into a savings account.
According to a recent article on Bankrate.com, some of the best money-saving apps include:
1. Acorns: This app rounds up purchases to the nearest dollar and invests the spare change in a diversified portfolio of stocks and bonds.
2. Digit: Digit analyzes your spending habits and automatically transfers small amounts of money into a savings account.
3. Qapital: This app allows users to set savings goals and automatically transfers money into a savings account when certain conditions are met.
4. Chime: Chime offers a “Save When I Get Paid” feature that automatically transfers a percentage of your paycheck into a savings account.
5. Stash: Stash allows users to invest in fractional shares of stocks and ETFs, making it easy to start investing with small amounts of money.
Another article on MillennialMoney.com suggests some additional savings apps, including:
1. Trim: Trim analyzes your spending and helps you find ways to save money on bills and subscriptions.
2. Honey: Honey automatically finds and applies coupon codes when you shop online, helping you save money on purchases.
3. Rakuten: Rakuten (formerly Ebates) offers cash back on purchases made through the app at a variety of retailers.
4. Dosh: Dosh offers cash back on purchases made with linked credit or debit cards at participating retailers.
As a journalist, it’s important to note that while these apps can be helpful for saving money, users should always read the fine print and understand any fees or limitations associated with the app. It’s also important to remember that no app can replace good financial habits, such as budgeting and saving regularly.
