Top Money Apps to Help You Save and Invest for Your Future

You often feel that you do not earn enough to save substantially for your future. You fret over not saving, thinking that it is an impossible task to achieve. If the answers to these questions are yes, then you are not alone. Based on the findings of a 2017 report by the Federal Reserve, US citizens complained that they failed to save $400 for an emergency.

Starting to save money can seem challenging. Then, there are money-saving apps to help you spend carefully so that you can put aside funds every month for any unforeseen situations. 

Top Money Apps to Help You Save

When it comes to the money-saving mobile apps, they leverage technology to help you put aside money effortlessly and invest wisely. There are numerous apps for Android and iOS users. These apps will make you change your spending habits and saving will not seem an impossible task anymore. There is no doubt about the same. 

According to an article published on Huffington, there are apps such as Earny that helps in refunds when the price of something drops, items that you have already bought. It is free. The app gets in touch with the retailer to give the refund. You do not need to lift your fingers to use your phone to access the app. 

Top money-saving apps to help you save considerably in the days to come are: 

SmartyPig 

You were a kid once, kept aside change in your piggy bank, and saved for ice creams. When it comes to the SmartyPig online app, it applies the same principle. An online app helps you to save and realize your financial goals. When you register for the app, you will link to your bank account, set your monetary goals and monitor your progress in the process. The best way is setting up recurring contributions or funding the app whether you feel like. With the app, you remain accountable for your financial objectives using the apps goal planner. 

The app comes free and no hidden fees. The amount you save, you end up accruing interest on the saved amount. It is easy and simple. Did you know that SmartyPig is FDIC-covered as well as part of Sallie Bank?  If you have an account, you are entitled to a yearly percentage yield ranging between 1.05 percent and 1.15 percent. 

When it comes to your savings account, the rates of interest are higher than the standard rates, thus helping you to earn a bigger return on your savings. There is no doubt about the same. You can make transactions online and if you want to build a frequent contribution, it must be at least $10. If you are not able to do so online, you will need to do manual transfers. 

Therefore, use the app if you are looking to save for your future days. Even if you have a steady income stream, it is always wise to continue saving for your future. Take some time out of your busy schedule and study SmartyPig to understand how it works. Besides, if you want to learn more about loans and apps to plan your repayments, you can visit platforms like Liberty lending or similar ones. 

Digit 

Once you link your checking account to this app, it takes care of your income and expenses to figure out how much you can save every month. Once the app understands your earnings and spending habits, it will transfer funds from your checking account to your Digit app, depending on what you can afford comfortably.

Fret not because there is no overdraft guarantee with the app. It is one of the best apps to help you save money for the days to come. That is because it works on your behalf and helps you save. 

The app is available for Android and iOS users with a free trial of 100 days. Once the expiry of the trial period, you will need to shell out $2.99 each month for availing the service. You can spend that amount easily, considering the benefits of the app. You do not earn any interest but get benefited with savings bonuses. The savings bonuses are cash-back rewards that you earn when using the app. 

Tip Yourself 

When you eat out at a restaurant, you pay a tip to the waiter for the courteous services offered. This app works on that principle and rewards you. How? Well, we are here to give you the answers. You visited the gym but really did not feel like it? Tip yourself. Again, you retired to bed earlier than usual for some change. Tip yourself.

You might be wondering what we are talking about here. The benefit of this app is about your good habits and getting a reward through savings. Yes, you can develop good habits and keep saving money. 

Once you register for the app, you connect it to your checking account. There is a tip jar in the app. The app lets you transfer the tip money to this jar. You will also find a social feed that helps in creating a community. As You can share the money as savings for the day and receive props, i.e. comments from the rest of the users. 

You can download the app free on your Android or iPhone. and hence you will love pocketing some cool bucks now and then for cultivating good habits. However, your tip money will not fetch you any interest. However, if you keep cultivating healthier habits, your tip money will keep increasing as your savings. 

Robinhood 

Investing is not only for the Uber rich. If anyone says, so correct him or her the next time. Robinhood is one of the best money-saving apps that help you invest money. Yes, it is for the commons, no doubt about the same. With this app, you can benefit with respect to free trades with US-listed or over-the-counter securities. 

This way, you gain practical experience when it comes to investing in stocks. The app is free, available for iPhone and Android, and lets you buy stocks. Keep track of your favorite stocks and save for your future. 

Conclusion

Now that you know about these apps, start saving stacks of cash for your future. Learn to use these tools. You will benefit. 

Also Read- How to Make Money Online

About Mohit Tater

Mohit is the co-founder and editor of Entrepreneurship Life, a place where entrepreneurs, start-ups, and business owners can find wide ranging information, advice, resources, and tools for starting, running, and growing their businesses.

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