4 money savings apps helping individuals achieve financial goals

By Delisha Fernandes

Money saving apps are at the forefront of this transformative wave as the financial technology landscape rapidly evolves. These innovative applications have embraced many techniques, turning the often cumbersome task of saving money into a seamless and enjoyable experience.

Gone are the days of traditional piggy banks; today, you only need a checking account and a smartphone to embark on a financial empowerment journey. Whether you’re a seasoned saver or just embarking on your savings journey, these apps employ various techniques to simplify the savings process, offering users diverse tools and strategies tailored to their unique needs.

Here are 4 money savings apps helping individuals achieve financial goals in the USA:

• Acorns

Acorns is a financial technology and financial services company specialising in micro-investing and robo-advice. Customers get automated investing in diversified portfolios, a simple retirement product, a bank account that helps people spend less to invest more, and bonus investments from 20k brands. Plus, everyday Americans can easily invest in their kids and get money news they can use, all from the same app.

• Chime

Chime Financial, Inc. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free mobile banking services. This creates a more competitive market with better, lower-cost options for everyday Americans who aren’t being served well by traditional banks. The app offers access to bank accounts with fee-free overdraft, provide members the chance to receive early access to their paychecks, help them improve their credit, and more!

• Qapital

Qapital empowers people to maximize their happiness by saving, spending, and investing with goals in mind. The app is designed to support individuals and couples as they save, invest, and spend with their goals in mind. Using behavioural science and the power of automation it gives customers the tools to reach their financial goals.

• Oportun 

Oportun is the savvier way to meet your money goals. You can save without thinking about it, invest at your own pace, and manage your Oportun loan and credit card in one place. The app guides your money toward your goals in a way that considers your spending habits, income, money goals, expenses, and overall financial situation. It’s an effortless tool to help you save, invest, and track your finances.

ALSO READ: Wealth Management & Private Banking Systems Report Q3 2023