When money comes and goes so quickly, it may seem impossible to manage and save nowadays. Yet, with technology it easier than ever to save without any real effort. Apps that help you automatically save, track your spending and get discounts are trending now everywhere, using these tools will almost let you effectively manage your money without much effort. Below, we will take a look at 5 apps in college that do the saving work for you without breaking a sweat and put you on the right path to becoming financially independent.
Why Will You Money Saving Apps
As important as saving is to your future financial security, it can be easier said than done. It is all the more reason to be tactical about building that safety cushion given increasing expenses when it comes to housing, education (a near-impossible cost for my generation), healthcare and general expenditures. The good news? A great way of saving money is to take the babysitting effect off of you, and that provides tracking financial guidance with a mix of both investment and budgeting.
The best part is that these tools can partially automate the saving process as well as trim the fat on unwarranted spending. All you have to do is open your phone and look up an app that serves whichever financial goal you want accomplished. No matter if you are trying to save for retirement, an emergency fund, or just looking for a way to be a little wiser about impulse spending — there is an app. And now, here are 5 of the best savings apps that will save you money and help you achieve your financial goals without any effort on your part.
Automate Your Savings and Investments
Best App for Saving Spare Change: Acorns (Free) Acorns is a great choice if you’re just getting into investing. The app automatically rounds up every purchase you make on your linked credit or debit cards to the nearest dollar, and invests that spare change into a diversified portfolio. These small amounts of money compound in value over time, essentially building you wealth with little to no effort.
How Acorns Works
For example, every time you buy a coffee or groceries, with Acorns, you can round up that purchase to the next dollar and then invest the difference! Example, you purchase something that costs $3.50 Acorns will round it up to $4.00 and invest the $.50 for you Those little bits can even start to add up over time. And you can host automatic transfers, or make single contributions to further amplify your piggy bank.
Features of Acorns
- Round-Ups: Invest Your Spare Change From Everyday Purchases Automatically
- Flexible Portfolios: Risk-taking and risk-aversive nature portfolios.
- Invest spare change: Use Acorns to earn money when you shop with partner companies.
Who Should Use Acorns?
Ideal for beginners looking to invest on autopilot Great if you’re not feeling the stock market but still want a return over time of your savings. Indeed, you can begin even if you have no knowledge about finance at all because the app does everything for you.
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Digit Save Money Without Even Realizing It
Digit is the app for anyone who struggles to save regularly. Its algorithms go through all of your incomes and expenditures. It will then automatically transfer tiny amounts to your savings account as a hidden process. Consider it a little personal savings buddy making certain that occasionally you put away ever so slightly for a rainy day, and making sure you never forget to do because at this point you never even think about doing otherwise.
How Digit Works
Digit links with your checking account, identifies spending patterns, then calculates how much you could safely put aside each month without impinging on the rest of your lifestyle. It saves the money into a Digit savings account Dont worry about overdrafts; the app makes sure to only shift what you wont miss.
Features of Digit
Round-Up Savings: The app rounds up your spending to the nearest dollar and save a few cents here and there into the savings account.
Overdrafts — If Digit sees that your account is running a little guy or essentially head below negative respectability, they will quit exchanging cash.
Named Savings Goals — Save for anything in particular, like vacations or an emergency account.
Who Should Use Digit?
For people who have a hard time forcing themselves to save or tend to get overwhelmed by budgeting alone, Digit is great. I am not a fan of those who do not like to choose where their money goes, Digit does this for you. It is also perfect for individuals who wish to save for several goals simultaneously.
Trim: Effortless cancellation of unnecessary expenses in one click
Trim is the ultimate fat trimming app in your budget. Trim helps identify where you can save money (on wasted subscriptions etc) and even conducts negotiations for lower rates on your behalf just by analyzing all of your financial accounts. And this app doesn’t just save you money by helping to know your spend better — it actually works to get you a lower bill.
How Trim Works
How it works: Trim connects to your bank and credit card accounts while analyzing transactions for wasteful spending. Trim will catch that gym membership your paying for, despite the fact that you no longer go or that streaming service thats in between your monthly statements. The app allows you cancel these subscriptions directly. And finally, Trim will call your cable company and any other service (phone, medical) to politely get those rates lowered.
Features of Trim
If you are the type of person who hoards subscription services, there is a handy utilization under Subscription Management which enables users to view unnecessary or no longer needed subscriptions and terminate said service.
- Bill Negotiation: Trim will negotiate lower bills for cable, internet, and more.
- Debt Payoff Plans: The app offers tailored plans for you to pay off debt sooner.
Who Should Use Trim?
Trim — Best for uncovering hidden savings in your budget Closing Trim Alternatives Pros If you want to find “find money” in your budget, then Trim is ideal. This is particularly helpful for people with many subscriptions, or those who want to see all the services they forgot about in one place. She said that is particularly useful for people who would rather not make those calls but want to lower their bills.
Budgeting App That Works for You Truebill
Truebill is a lot like Trim, but it goes one step further by providing a whole suite of budgeting tools. Besides the fact that it helps you save money on cancelling subscriptions and lowering bills, it serves as an additional overview of your monthly budget so you can track where all of your money goes each month. It can also have Truebill negotiate with your service providers for bill reductions on autopilot.
How Truebill Works
After you connect your financial accounts with Truebill, it will analyze your spending habits and alert you to possible savings opportunities. In addition to canceling your unused subscriptions, Truebill also shows you exactly how much money is going where, and helps with budgeting alongside it. On top of that Truebill will also negotiate your bills for you so you could be saving big money on cable, internet, and even utilities.
Features of Truebill
- Personalized Budgeting: Keep track of how much you’re spending and create a personalized budget.
- Bill Negotiation: With Truebill, you can get lower prices of bills such as cable and phone services.
- Subscriptions: Cancel those unwanted subscriptions with a few taps.
Who Should Use Truebill?
If you are wanting an all-encompassing look at your financial situation and can find some ways to cut back, Truebill is for you. If you are someone who feels lost in the high seas of your budget, but needs a little hand-holding to lower their bills, then Truebill is for you.
Rakuten Coupon Get Cash Back on Everyday Shopping
If you enjoy earning rewards but would rather skip the tedious traditional coupon clipping or loyalty programs, Rakuten is an excellent choice. When you purchase through its platform or with a download of the browser extension, the app offers cash back on day-to-day transactions. Whether you are spending on travel and entertainment, groceries, clothing or anything else, YOU SAVE.
How Rakuten Works
By shopping through the Rakuten app or website, they give you a percentage back in cold hard cash for every purchase. Rakuten works with thousands of retail stores, major ones like Walmart Target and Amazon. You have to be pretty fast at it, you can get cashback on travel booking via websites like Expedia and Booking. com. When you get your cash back past a certain amount, Rakuten either sends you a check or switch into your PayPal account.
Features of Rakuten
- Cash back Rewards — Get cashback on 1000’s of stores and services
- Browser Extension – Easily activate deals as you browse the internet.
- Seasonal Promotions Rakuten also grants extra cash back perks in seasonal shopping seasons.
Who Should Use Rakuten?
So here, in the first line would be Rakuten, a perfect option for people who love to shop online and want to get some rewards without additional commitment. If you shop online a lot, you could be missing out on free money with Rakuten. Another good for profit app, if you prefer being rewarded with cash over points and discounts.
Master Budgeting with Ease (YNAB)
You Need a Budget (YNAB) are more than a budgeting tool — they are a way of life. YNAB is built on the idea of giving every dollar a job, which lets users put their cash to work by assigning them to different categories. The unique about YNAB from the other budgeting apps is that its focus is not on tracking what you spent after it has happened, but in giving you a rational way to manage your money proactively.
How YNAB Works
In YNAB, every dollar of your income is set to a category — groceries or rent or savings or entertainment. This app is great to be focused on the go and help you keep track of how you are doing and encourage you to make adjustments accordingly. Where most budgeting apps are purely tracking tools, rather than life-changing resources designed to get you better with money, YNAB seeks to shift your entire attitude towards cash.
Features of YNAB
- Putting Every Dollar to Work With Proactive Budgeting
- Live Tracking: Track your spending and manage best budgeting solutions live.
- YNAB Debt Paydown Plans
Conclusion
Saving money doesn’t have to be a stressful or time-consuming process. With the right apps, you can effortlessly track your spending, find the best deals, and automate savings—all without a second thought. Whether you’re looking to stick to a budget, cut down on unnecessary expenses, or grow your savings, these apps do the heavy lifting for you. Try one or a few of these tools, and you’ll be surprised how much you can save without even trying!