The Ultimate 10 Money Saving Apps For Your Personal Finance
By Davis Clarkson , June 14 2021
Extra cash can always come in handy, especially if you're a student, a small business owner, or an individual who runs a family. Quickly, we are going to be giving you a rundown of the best money-saving apps you can use to keep extra bucks in your pocket in case of an emergency.
We understand how hard it is to stick to saving money. With the covid-19 pandemic that shook families' income to its roots, it's important to have extra means that would help you curtail your excesses in spending and offer an easy way to save on everyday spendings to monthly bills.
We are bringing you these best money-saving apps due to how easy it is to use and how innovative their approach to savings is. These best money management apps are available to download on the Google play store for Android devices and the Apple store for iPhone users.
Let's dive in:
1. Ibotta: Ibotta is one truly innovative app for saving cash. Hand it to the makers of this app. How does getting cash back for purchases that you make a sound to you? That's how interesting ibotta is. Ibotta offers cashback for purchases with over 1000 retailers that are listed with them.
You select the offer you would like to redeem and scan your purchase receipt with the mobile app to verify your purchase with the retailer. If you're a small business owner, Ibotta is great for you. With some retailers like Walmart & Target, Ibotta can be linked to your store account so that you can redeem offers easily.
There's also a browser extension of the app that enables you to get cash back while shopping online.
Your cashback Earnings can be withdrawn via transfer to your bank account or via PayPal. This makes Ibotta truly easy to use. What could be the benefit of using Ibotta? Ibotta can be your app for your everyday purchase. With over 1000 brands and retailers listed with them, purchases on groceries, clothes, beauty products, etc., can give you back some money.
What could be the drawback of using this app? Too many offers are available in Ibotta. You are going to take a while scrolling through to see the ones for your purchases. But then, it saves you some cash for your everyday purchases.
2. Acorns App: Acorns app is one of the best money management app out there currently. If you're a college student, a non-involved investor, or someone who struggles to save money, this app is for you.
Acorns app is an automated-saving tool that is innovative. These apps work by rounding up your purchases on your linked credit or debit cards. It then collects the change into a computer-managed investment portfolio. Acorns app can be likened to a virtual piggy bank that helps you save 'found' money.
Acorn app has a unique saving feature specifically designed for college students, especially if you don't earn an income. During your time as a student, your purchases are being 'rounded up, and after four years, there's usually a good sum waiting for you.
After this, the Acorn app gives you the option of transferring the sum into an investment portfolio, where your money can grow well. If you're disciplined enough, you can take advantage of their lump sum investment, where you can put in as small as $5 manually. If you can't do this, well, the Acorn app still functions like an app that forces you to save money unknowingly.
It's available for iPhone, Android, and web users. In terms of safety, they operate an encrypted web and app, use IDs and 2FAs.
3. Mint App: The Mint App has been around for a very long time, making it one of the best money-saving apps to make a list. This app is very speedy, reliable and gives you an in-depth and detailed view of the American and Canadian personal finance situations—all these in real-time. You could say that this app educates you on everything about your finances.
Mint works by analyzing your income, the way you spend, and other transactions you perform through customizable alerts. With this analysis, Mint will help you 'create a budget' when you click on the plus sign on the app. It will help you suggest a monthly spending limit while tracking your money through some month's historical data.
Mint is an app that helps you to be conscious of your spending habits, making it one of the best money-saving goal app. If you're looking to meet some financial goals, like meeting mortgage payments, getting out of credit card debt, having good credit scores, Mint can help you achieve this.
Mint is free to use and available for iPhone, Android, iPad, and web users.
4. SingleCare: Single care is a money-saving tool that offers you a discount on prescriptions bought from pharmacy stores. Singlecare works with over 35,000 pharmacies in the US to give discounts on over 10,000 prescriptions. You may have been buying prescriptions without being aware of the great discounts you could get.
Thanks to Single care, you can download the app, search for the prescription price you want to buy at a pharmacy listed close by, show the pharmacy store an electronic coupon card for it, and get a discount. Once the coupon is used, you can still use it with any other pharmacy listed around.
With this app, you can get up to an 80% discount on a prescription, making it a great app for keeping the extra money in your pocket. It may not serve the purpose of helping you develop a saving or spending habit. But it helps you get a great deal for what you are purchasing. We find it cost-effective for you to be listed among the best money-saving app out there.
5. Credit Karma App: We all know how important it is to have a good credit score. You can't wait for an entire year to know your credit score, which is what AnnualCreditReport.com offers. And it's quite limiting. But Credit Karma can count as one of the best money management app out there.
Credit Karma gives you access to free credit scores and reports as often as once a week! As a user on Credit Karma, you get access to your TransUnion credit reports, plus credit scores from Equifax. Your credit score is very important. That's why Credit Karma gives you access to track it easily.
The downside is that targeted Ads of financial services are run on the platform based on your financial habits. But that's no worry if you're someone that needs to work on his/her saving habits. With your credit score report available every week, you get to know where you are doing it right or wrong with your finances and even your business.
Credit Karma has prominent features such as A graphical representation of your credit scores, Simulating tools that enable you to know how paying down debt or collecting new credit can change your score.
Upon signing up, you provide personal information, including your SSN (Social Security Number), to verify your identity. Users of the platform have talked about how safe it is to use. So, it would help if you were quick to sign up as well.
6. Qapital App: This is an easy-to-use app for the everyday purchases you make. They then rounded these purchases up, and they sent the change to a separate savings account with Qapital. For example, if you are fond of doing groceries weekends, whatever little changes are rounded up and put in a savings account.
Qapital allows you to delegate savings for several purposes. If you have some small cash after offsetting bills, Qapital can help you delegate it to maybe a vacation saving account or any other thing you want to save towards. You can also connect Qapital to IFTT (If this, then that), which would help you suggest more ways to save.
It gets more exciting with Qapital features. Qapital has features that suggest if you want to learn new skills. If you show interest, it would then ask you to estimate how much needed to learn the skill. Qapital will then suggest ways that would help you save towards your interest.
The Qapital app is free to use and available for iPhone and Android users. It's important to go through the Terms and Conditions of the Qapital app before deciding to go with it. Qapital is one app that forces you to save money for every purchase you make.
7. You Need A Budget (YNAB): As the name suggests, this app helps you work on your budget, spending habits, and expenses. They particularly targeted it towards modest households who need to get a hold of the basics of financial literacy. That's why this app offers great material and excellent tutorials that can teach you about spending, expenses, and budgeting.
They designed yNAB to let your money work well. It's every dollar that is spent wisely or saved wisely. These apps work by connecting to your financial account. It then works with the information regarding your account balances in real-time. When you sign up, YNAB will use tutorials, pop-up windows that would show you concepts relating to budgeting, spending, and saving.
It would further help you to set up yours based on the information collected from your account statements. There's also the 'Stuff I Forgot To Budget For' feature that reminds you of what you missed while budgeting.
YNAB is one of the best money management apps for people who live on pay-check to pay-check. It cost $5 per month to make use of the app, or $50 per year. There's a free 34-day trial period, which can be waived to one year for students. It's available for Android, iOS, and web users.
8. Digit App: Digit app is for you if you find it difficult to save money. This best money-saving app is also for anyone who spends heavily. The Digit App works by evaluating your spending habits. It then transfers money from your financial account to your Digit account.
For every two or three days, Digit would make a transfer. It does this after careful interpretation of your upcoming income, upcoming bill, checking balances, and your recent spending pattern. Armed with these, Digit would do a calculation on non-essential amounts you wouldn't even notice.
These transfers could be between $3 to 20 dollars. With this, you can save up a great deal of money that you can use for other purposes. Digit is geared towards the tech-savvy. And that's why they have extra features like SMS and texts that allow users to perform regular banking transactions instead of using a computer.
With Digit, you can generate smaller savings that would accumulate to something meaningful. You pay $2.99 per month to make use of this app. Plus, it's available for iOS, Android, and Apple Watch users.
9. Twine App: The twine app is a money savings app that couples can take advantage of. This is because it allows its users, couples, in particular, to save money together towards a common goal. So, if you've dreamed of going on a shopping spree or long vacation somewhere with your better half, Twine offers the means for both of you to work towards it together.
With Twine, you and your partner can save your money in a free joint account and get a variable interest of 1.05%. Or you can invest your money in the app and get some interest as well. To get started, you both sign up on the app and then link your bank account. Then set your financial goals with a monthly deposit you want.
Twine is one of the best money-saving goal apps for couples. It's free to use and available on iOS, Android, and the web.
10. Stash App: If you're looking to automate your savings and then put into an investment that would give you interest, then Stash comes to mind. Stash has easy to use with your mobile phone and makes investing a passive activity for you.
With Stash, you can choose to round up the purchase you make and invest the change gathered. You can also set Stash to withdraw money from your account on a scheduled date. There's also the Stash Smart Feature that would analyze your income and determine what you can invest.
If you're thinking of investing in small or micro stocks, Stash is the app for you. The app use comes with a monthly fee of $1. It's available for iOS and Android users.
All the above best money saving app has unique features of its own. You can go for the one that fits your needs and one you are comfortable with. These apps have gotten great reviews from other users as well. And that's why we feel the need to share it with you. Happy saving! And if you ever need to create paystubs when you need proof of income, check out the check stub maker!