Saving money shouldn’t be hard; it should be safe, easy, and automatic. Some great apps can help you keep everything in one place as our economy and shopping habits become increasingly digital. With these apps, it’s easy to spend money or save money. We swipe and spend every day, but we don’t; we save similarly. With the right digital tools, we can save money daily. Here are some apps that simplify saving money every day and even every time you spend money.
Qapital
The Qapital app is designed to save you money automatically. It puts away small amounts of money every month that you don’t need for bills or other everyday costs. You can set your own “triggers” and “rules” for savings, like rounding up the change on every purchase, saving when you spend less than your budget, saving when you buy things you’re trying to cut back on, setting aside 30% of your paycheck for taxes every time you get paid, or saving a set amount every day, every week, or every month.
It’s straightforward to set up. First, set a goal for how much you want to save and pick a rule or trigger for automatic savings. Next, use Qapital to open a free savings account the FDIC backs. The last step is to connect your bank account so that money can move between it and your savings account based on the rules you set up. That easy. We see you taking a beach vacation to celebrate not having any more debt.
Billy
Billy is a really easy way to see and track your fixed costs. You can add all of your “subscriptions.” You can pick one from hundreds already there, or you can make your own. Enter the information about your contract, and this app will determine how much you must pay each month. One of our favorite things about Billy is that it gives you a clear picture of all your bills and subscriptions, so you always know how much you spend each month on each one.
So you can tell faster if you’re being charged too much for something. It will also let you know when a bill is due, so you won’t have to worry about late payment fees again. This is a great tool, especially for people in charge of many subscriptions for their businesses or families.
Truebill
Truebill helps you save money on your subscriptions, while Billy enables you to track them. This app will look through your online bills and find your subscriptions. Every month, you’ll get a report about any changes to your subscription fees. If you change your mind about a service, you can easily cancel it with just one click.
Truebill will let you know if you need to revoke a free trial or are still paying for an old subscription you don’t use. This way, you can change your plan or cancel the subscription and save money.
This app uses 256-bit SSL encryption, a fancy word for “they keep your information as safe as they can.” So don’t worry about safety. Given that this tool is free, it is recommended that you try it, especially since Truebill users are said to save $512 a year by using it. We’ll take it!
Billshark
The idea behind Billshark is excellent. How do you handle a service you can’t stop using but think you’re paying too much for? When you call the company, you have to wait 30 minutes to talk to someone, and when you ask to have your bill lowered, you are turned down. If that makes you cringe, Billshark is about to save your subscription.
Send your bill to Billshark through their website, mobile app, or email. All you have to do is take a picture of it. They say that 85% of the time, they can lower bills like cell phones, home security, cable TV, and satellite radio. You don’t have to pay anything if they can’t get you a better deal.
You’ll share your savings with Billshark for the first year if they can. After that, you’ll get to keep all of your savings. Everyone wins! It won’t hurt to try it today if it could save you hundreds or even thousands of dollars a year.
Digit
Digit could be one of the easiest ways to save money. After you safely link your bank account, Digit will look at how much you earn and spend and help you save small amounts of money you don’t need for bills or everyday costs. Your checking account will send money to your Digit savings account every few days. The amount will usually be between $5 and $50.
You won’t have to worry about overdraft fees because Digit won’t take out more money than you need. Texting is all it takes to move your money from your savings account to your verifying account. People tend to save more money when they don’t see it. This app uses this habit to help you save more of what you earn. Great idea.