In today’s economy where everything is becoming costlier, it has become very difficult to save money. One of the biggest problem that most of us face is that whatever money we earn, it gets spent in fulfilling the different requirements of our day to day life, and at the end of the day, we are left with nothing.
Everyone wants to use some smart ways to save money, and the following four apps can certainly help you do that. These are the ultimate money tracking and money saving apps which you must check and use.
Penny
Penny is a “Smart” savings bot that helps you save money and chat with you through the text messages. It talks about your monthly spending habits, and lets you know if you spent more at Peet’s Coffee or Starbucks this month. It also lets you know that on average how much you spend on lunch, and tells you if you spend more than the average, so that you can be careful from the next time. It is more like your finance assistant, which helps you get a complete understanding of your monthly spendings.
Acorns
Acorns take your savings a step further by actually investing your money. If you want to try your hand at investing in bonds or stocks, but are hesitant in doing it, then Acorn can help you significantly.
You an connect it to your debit or credit card, and rounds up the change from each of your purchases and invests the saved amount in one of the five different portfolios developed by the Harry Markowitz, a Nobel-Prize winning economist.
Qapital
Qapital is one of the best money saving apps as it keeps on putting the small chunks of money into your savings account, and allows you to set the rules for saving. All you need to do is sync the app with your bank account and the credit card, and input a goal for saving like savings for a new guitar, vacation or for paying a debt.
You can customize the app by deciding which daily habits and actions trigger a deposit.
Digit
Digit is just like a virtual piggy bank. Its free app which you can connect to your bank account. Once connected, it keeps a check on your daily spendings, and starts taking out very small amounts of money ranging from $5 to $50 every few days when the apps algorithms determine that this much amount can be spared.
The saved money is then put into an insured digital savings amount, and can be transferred to your own bank account at any time within one business day. Thus, you can access your savings at any time whenever you want.
Apart from these apps, you can also use the online voucher codes and discount coupons available on the websites like MyVoucherCodes to buy the stuff at discounted prices. The deals and offers can be used at restaurants and ticket booking to save money. Apart from the online coupons, you can also check this YouTube video to learn some money saving tips or 2017.