Best Money Saving Apps

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There are a lot of money saving apps on the market these days. Some of them are really great, and some of them are not so great. How do you know which ones to choose? And how do you know which ones will work best for you? Don’t worry, I have listed the best money saving apps in 2022 to make your decision easier.

It can be tough to figure out which app is right for you, but it will be a game-changer to your savings plans when you do find the right one. Using apps to save money can save you time by automating everything, so you don’t need to sit there manually with pen and paper. Not to mention the alerts, notifications, and reminders.

You might also enjoy reading ways to save money on a low income.

What to Look For in a Money Saving App

There are a few key features you should look for in a money saving app. These will keep your money safe and make sure you have everything you need to manage your money effectively.:

  • The ability to automatically round up your spare change and invest it. This is a great way to save without thinking about it.
  • A good user interface that is easy to navigate. You don’t want an app that is confusing or difficult to use.
  • The ability to set goals and track your progress. This will help you stay on track and motivated to reach your savings goals.
  • A wide range of investment options (if your app includes investment options). You should be able to choose from a variety of investments, including stocks, ETFs, and mutual funds.
  • Low fees. You don’t want an app that takes away more than you would actually save!
  • Is it financially protected for holding money? If not then you run the risk of losing your savings altogether if the app ever went broke.

Why Do You Need Apps to Save Money?

Using an app to save money can help you in a few different ways. First, it can automate your savings so you don’t have to think about it. Second, it can help you keep track of your progress and stay motivated to reach your goals. Finally, it can give you the opportunity to invest your money and grow it over time.

Think about how much time you would spend manually tracking your savings every week or month. With an app to do it all for you, it will save you so much time and be more accurate.

Best Money Saving Apps 2022

Now that you know what to look for in a money-saving app, here are the best money saving apps for 2022:

Acorns

This app rounds up your spare change and invests it. It’s a great way to save without thinking about it.

Acorns works by linking your credit or debit card to the app. Whenever you make a purchase, the app rounds up the spare change to the nearest dollar and invests it. For example, if you spend $3.50 on coffee, the app will round up to $4.00 and invest the extra $0.50.

This is one of the best and easiest ways to invest or save money, as you rarely notice a purchase being rounded up and by the time you even look, you could have $100 in there.

The only downside is that it costs $1 per month to use the service, but it’s worth it if you are serious about saving money.

Digit

This app helps you save money by transferring small amounts of money from your checking account to your savings account.

It uses special algorithms to figure out how much you can afford to save each day, week, or month. Digit also has a no-overdraft guarantee, so you never have to worry about fees.

This is a great app for those who want to save money but find it difficult to do so on their own. Digit makes it easy and painless to save, without having to think about it. However, it does cost $5/mo., but remember you can get a 30-day free trial so you can at least try it before you buy.

Qapital

This app helps you reach your financial goals by setting up rules to save money. For example, you can set up a rule to save $5 every time you go out to eat.

The app is kind of like savings, Pinterest, and investing all combined into one! You can set photos on savings goals to see what you are saving for and get inspired to save more. You can also invest your money with Qapital and they offer a variety of investment options, including stocks, ETFs, and mutual funds.

This app is great for those who need the motivation to save money and stay on track with their financial goals. It’s also good for those who want to invest their money but don’t know where to start. The only downside is that it costs $3/mo. with a 30-day free trial.

Chime

This app helps you save money by automatically transferring 10% of your paycheck into a savings account. It also has no fees whatsoever, so you can save as much money as possible.

This app is great for those who want to save money but find it difficult to do so on their own. You can set up rules and enjoy round-up features too. The best thing about Chime is that it is a free money saving app!

Mint

This app is a money management app that helps you track your spending, budget, and save money.

Mint is a great all-in-one money management app. It helps you track your spending, and budget, and save money. You can also see your credit score for free and get tips on how to improve it. The only downside is that it doesn’t have a savings feature like some of the other apps on this list.

But, if you are looking for an all-in-one money management app, Mint is the best option, and it’s free!

Qoins

This app makes small transfers from your account to pay off debts, based on a financial goal you set.

It works by linking your checking account and making small, regular payments to your debts, like student loans or credit cards. It’s a great way to stay on top of your debts without thinking about them. The small amounts that come out of your account are hardly noticeable but they make a big difference.

The only downside is that it costs $3/mo. or more.

Truebill

This app helps you save money by negotiating your bills, canceling unwanted subscriptions, and finding refunds for things you’ve already paid for.

It’s a great way to save money on your monthly bills and it’s also free. It allows you to automate savings, manage subscriptions, and find refunds for things you’ve already paid for.

The only downside is that it doesn’t have a savings feature like some of the other apps. However, it does have credit score and budgeting features which are great.

Trim

Similar to Truebill, Trim helps you save money by negotiating your bills, canceling unwanted subscriptions, and finding refunds for things you’ve already paid for.

It allows you to automate savings and manage subscriptions, including savings and budgeting features that are necessary. It’s free to use too!

Current

This app is more like a bank account that offers savings pots and investment options.

Current is a great option for those who want to save money and invest it. It offers high-yield savings pots and investment options, including stocks, ETFs, and mutual funds. You can also set up rules to automatically transfer money into your savings pots.

It has many features, with new ones being added all the time. There is also a savings calculator so you can see how much interest you will earn on your savings. They are currently advertising a 4.00% APY on savings – higher than anywhere else.

Final Thoughts

There are many great money saving apps out there that can help you save money and reach your financial goals. It’s important to find the right one for you, based on your needs and goals. All of the apps on this list are great options, so pick one and get started today!