Savings Apps and Bank Accounts

Since we all know that money does not grow on trees, you have to use another method to save for an emergency fund, rainy day, or sunny day. Below are apps that can be used for small or large savings…you have to start somewhere. Once you get started, you can use them to set aside some of your leftover disposable income, if you did not include savings in your budget. It is a good idea to include savings in the budget so that there is no confusion as to the amount to save per month, even if it varies. So check out these apps and select the one that best fits your family’s saving goals.

Savings / Investing Apps

• Acorns – Spare change for saving and investing that is connected to your bank account
• Chime – Spare change for saving or autosaving from paycheck
• Digit – Save spare change…no fees
• Qapital – Spare change for simple saving
• Stash – Auto deposits or deposit stash whenever you want. Select your own portfolio groups or individual stocks

With these apps, you can both save and investing is made super simple to get started and be on your way to a better financial future.

Here are a few Online Savings Banks to get you started as well. Each of them has higher interest rates than the familiar brick-and-mortar large banks. Find one that may meet your saving needs.

Online Savings Banks

• Ally Bank
• Capital One
• Discover