Whether you are a small business owner or a consumer, saving more money is always a good thing. It means you have that you will have that much more money to put into other important things which will create more value with what you have.
The extra money you save from one place can also be tucked away in an emergency fund or retirement account to build and actually buy yourself a better future. This includes greater financial freedom and more opportunities to grow your business.
The problem is that the decision can be challenging to know where to start making changes that will save you money. The answer will be to get help from apps that are designed to help you make better decisions about your professional and personal finances — like these 15 money saving apps:
1. Chime
Chime is an Android and iOS mobile banking app. It includes a spending account and debit card that is FDIC-insured so you can safely deposit funds, see transactions instantly and track spending on the go.
The mobile banking app also offers an automatic savings account, which allows you to start saving money without thinking about it by automatically setting aside 10 percent of every paycheck you deposit into Chime. You can also enable rounding-up on your purchases and have the difference transferred to your savings every time you use the Chime debit card.
The banking app helps you both save money fast and stash it away in a savings account so you are not tempted to spend it on trivial things. They do not charge overdraft fees, foreign transaction fees or fees for monthly minimums and ATM use.
2. Digit
Digit does the thinking and acting on saving money for you. It may even do a better job plus it takes the effort off your shoulders. This app looks at your current income and expenditures. It then calculates what you can save and puts that amount aside in an FDIC-insured Digit account.
Typically, the app goes through and does this analysis between two and three times a week. It gives you the ability to earn a one percent savings bonus that is paid every three months. What you get is based on the average daily balance in your Digit account during that same three-month period. There is a monthly fee that kicks in to use Digit after the 100-day free trial period runs out.
3. Clarity Money
Clarity Money clarifies wise spending from wasteful spending. The free app does this by cancelling subscriptions you are not using or just don’t need. It also looks for ways to negotiate your bills down to a lower rate.
The money saving app also tracks what you spent to ensure you stay on budget. Plus, it recommends certain credit cards that may fit your lifestyle and credit needs, allowing you to learn how to use credit in a smart way. Additionally, you can create a savings account with Clarity Money because you’ll need a place to put all the money you can save.
4. Qapital
Qapital adds a learning component to the idea of saving money. It provides lessons on goal-setting and the value of even small amounts going toward achieving a much larger goal. Each purchase you make is typically an uneven amount.
Qapital rounds that transaction up to the nearest dollar and then puts it in an FDIC-insured account. You’ll just need to connect a checking account to the app. You’ll also be able to automate other savings strategies, including a lump sum amount at regular intervals.
The Qapital accounts also earn a small amount of interest and does not charge you any fees.
5. Mint
Mint helps you stay on top of your bills so you aren’t late and end up costing yourself more money than you need to spend on late fees and penalties. This money-saving app also helps you develop a budget to ensure you maximize what you can do with your money and allocate money for savings, an emergency fund, and retirement while covering all your other obligations.
You’ll also be able to get a free credit score to monitor how your savings and good money habits are giving you an opportunity to get a…
