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9 Best Money Saving Apps I am in Love With

money saving apps

Our smartphones can help us with everything these days from booking flights, editing documents, dating, socializing, fulfilling our banking needs and even saving money. So, below are my picks for apps that will help you save money. Here we go!

Mint

Mint is not only a saving app, it’s rather a money management app. A lot of people consider Mint to be the queen of all personal finance apps since it allows you track all your financial activity for all your accounts including your checking account, savings, retirement etc.

Every transaction you make is being recorded and categorized by Mint. All automatically.

It also creates a personalized budget for you according to your financial data. And it notifies you about unusual charges and provides you with tips on how to reduce your monthly fees and bills.

As for security, know that Mint is password protected and there is a way to deactivate access from your phone through its website.

Mint has got a bunch of other cool features. So make sure you check it out!

Mint is free.

Available for: iOS and Android

Clarity Money

Clarity Money does a bunch of things to help you save money. First of all, it tracks what you spent to ensure you stay on budget. It also recommends credit cards that might fit your lifestyle based on the information it has about your spending habits.

Clarity Money also cancels any subscriptions that you are not using and searches for ways to negotiate your bills and fees down. The app also notifies you if you are about to spend too much money.  

Clarity Money is free.

Available for: iOS, Android

Looma

So, ok this is a bit of a self-promotion. But I could not but speak about Looma since I believe that it’s going to be another breakthrough among fintech apps.

Looma helps you save, invest and donate money – all at the same time.

It serves as an app steroid encouraging you to use your other money apps for your financial good. You will have to attach your bank account so that Looma can track your spending. And then you can set up Rules to navigate your money.

For example, if you think you are lacking self-control over buying clothes, you can set up a Rule to shave off 10% of your money every time you buy clothes and to move it to either your savings account or investment/brokerage account or Coinbase account to buy cryptocurrency later or somewhere else.

Looma save, invest and donate money automatically

I mean, Looma is not just there to help you cut off some money from here and move it to your savings account. It’s there to help you make investments, buy crypto, or even donate to charities if you want to.

It’s basically there to help you GROW your money. And the best thing about Looma is that it does not make decisions for you, it lets you set up the Rules to control your money yourself. After you set the Rule, you can forget it. Looma will automatically do the dirty work for you.

Looma is free and is in Beta now. Join the waitlist now.

Digit

Digit takes the pain away from saving money. It looks at your income and expenditure and then automatically decides what you can save and puts that amount aside.

You can be sure about the safety of your funds since the money you save will be put in an FDIC-insured Digit account.

Digit is free for 100 days. $2.99/mo afterward.

Available for: iOS, Android

Trim

Trim is a very good personalized financial assistant that finds subscriptions that you can get rid of or trips to a coffee shop that you can reduce in number. The app will do all of this only after you have linked all your accounts to it so that it analyzes your transactions.

Trim can also help find more affordable service providers like car insurance, internet or cable TV. It’s indeed a very useful app for freelancers or the self-employed.

Trim is a web app and it’s free to use.

Earny

Earny is that little spy tool that helps you get your money back as soon as the prices drop on items you have already bought.

best money saving apps

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You don’t have to do anything. Earny will get back the money for you.

Earny is free.

Available for: iOS, Android

Honey

Honey is the perfect coupon code finder. It works as a browser extension on all kinds of devices. Honey uncovers all the coupon deals to help you save more money while shopping online.

Honey is a free extension.

Drop

Drop is an easy-to-use app that lets you earn gift cards for the money you’re spending.  You will have to link your debit and credit cards. And whenever you spend with those linked cards, you automatically get points. Later you can redeem those points for gift cards.

Drop is free.

Available for: iOS, Android

Raise

Raise allows you to buy gift cards and to sell unwanted gift cards for cash. It will be especially handy for those who love buying gift cards for themselves. On the other hand, if you have got gift cards that you don’t use, you can sell them on Raise.

Raise is free.

Available for: iOS, Android

Summing up

These are the apps that a lot of people I know use quite often. These apps all can help you save some money but they are definitely very different from each other. So, it’s up to you to decide which one/ones to choose. Prioritize your needs and start downloading!