“Qapital,” with a q, puts a unique spin on saving. It lets you set up so-called rules. For example, buy a specialty coffee drink and transfer 5 dollars to your FDIC-insured account. The idea is that it will add up and you can withdraw from your savings with the push of a button. The app is free for iOS and Android.
“Acorns” allows you to not only save, but invest in very small amounts. Set up the Acorns app to take whatever change you’re due and instead invest it. For example, if you spend 3-75 on a coffee and pay with 4 dollars, you can invest the 25-cents your due. If you want to cash out at anytime, no big deal, just push a button. The app is free for iOS and Android. It does costs a buck a month.
The app “Digit” helps users save by monitoring spending habits with the users’ permission. It uses complex math to figure out exactly what you can afford. Every few days it will withdraw a few bucks to a digit account that’s FDIC-insured up to 250-thousand dollars. If you’re ready to spend what you’ve saved, withdrawing is as simple as sending a text. The money is in your checking account the next day. The app is free for iOS.