10 Money-Saving Apps That Do The Penny Pinching For You

Saving money is not supposed to be painful. Whether you want to buy things you love or prepare a budget for your next trip, saving eases your financial burden. Sometimes, the most difficult thing when it comes to saving money is just getting started. But there are several ways to get through with it by using some apps on your phone. These are money-savings apps that do the pinching for you. They use the power of technology to help you save money, and cut your financial stress.

Check out these ten essential money savings apps that will give advice and will help you in budgeting and investment.

1. Monzo

A lot of banks now have mobile apps that allow you to track your savings as well as your spending habits. Monzo takes it to a higher level. It tracks your spending, sets a budget, and even splits bills with your friends. It alerts you and gives notifications about your spending, organizing it into several categories: from cash withdrawals to bills payment. Then, the app will show a graphic breakdown of all your expenditures. This will help you think about some bad spending habits and change what needs to be changed for you to save money.

2. Mint

One of the popular finance management apps is Mint. It helps track the expenditures, income and credit scores. This app also allows users to sync their bank accounts and credit cards. Moreover, you can track all your transactions, budgets, and set bill reminders on Mint to make sure that you won't miss any payment. It also sends alerts when you go over budget.

3. Squirrel

If you are the type of person who gets excited on a payday, and tends to spend all your money in a week, then Squirrel is a great app for you. It enables you to put your salary into a dedicated account which is then broken down to your monthly expenditures.

It locks savings, commitments, bills payments, savings and other expenditures so you cannot touch them. Once a bill is due, the certain amount is released into your account so that you won't be able to spend it before the due date of your payment. Therefore, no more overspending for you with this app.

4. Acorns

Acorns is a popular app that makes investment possible by allowing micro and Robo investing. Its key feature "save your spare change" is the App's main selling point, along with the ease of use. It allows users to round-up purchases and invest the rest automatically.

5. Charlie

If you're looking for a well-customized money management app that can be navigated easily, then Charlie might be for you. It helps you pay your late and hidden charges as well as facilitates you get a better deals on things you want. Likewise, it also helps expand your bankroll.

6. Credit Karma

Credit Karma can be an ideal choice for you if you are committed at fulfilling your financial obligations such as your credit and bills. This app has helpful tools available for free to help you in managing your credit. It also provides alerts, insights, credit reports and some recommendations to improve your credit score.

7. Digit

Digit is an app that helps you meet your saving goals comfortably. It analyzes factors such as your bills, spending habit, income, and other personalized saving controls. If you want your debt to be reduced automatically, then Digit is highly recommended.

8. Trim

Trim is a financial management service that lets you achieve your financial goals. If you wish to save money in a short period, then this app is a great deal for you. Plus, it analyzes your expenditures to give you tips how to cut back. Your account is securely connected using a two-factor authentication system that keeps all you data safe.

9. EveryDollar

This app is a budgeting tool that helps you track your spending and purchases plan. EveryDollar is for zero-based budgeting wherein your expenses equals your income. But this does not mean you have zero money left in your bank. Simply add it as a plan to know where exactly all your money is going .

10. YNAB

The You Need A Budget app or the YNAB for short, is a budgeting app that is founded by Jesse Mecham. It encourages users to be more active in financial planning as it seamlessly provides budgeting tool, investment tracker and bill payment service.

If you're looking for an app to help you invest, here are ten of them! So, there's no reason not to achieve financial stability through saving. All you need to do is maintain a strong mindset to foster consistency in keeping a healthy spending activity.