People will tell you to buckle down and save up money.
Its easy, they say.Youve just got to do it!
Its just not easy for many of us, given our incomes vs. ever-rising expenses.
If saving money werethateasy, that percentage would be a lot higher.
Some of them will even help you grow your stash with investing.
What Is the Best Money-Saving App?
One of the best money-saving apps out there isCleo.
Read on to hear about our other favorite apps for saving money.
Need help with saving?
She can also create a free, personalized budget based on your spending habits.
Whatever saving technique you choose, shell automatically transfer that money into your savings account each week.
Just sit back and watch your savings grow.
No interest, no credit check and no direct deposit required.
It may not seem like a big deal, but $10 here and there can seriously add up.
Its probably time to get on top of your expenses.
Thats where an app calledRocket Moneycomes in.
It can show you exactly where youre wasting money on forgotten subscriptions and bills that are overcharging you.
It saves its members an average of $720 per year.
Rocket Moneys app has saved its 5 million-plus users about $500 million in canceled subscriptions.
It takes just a few minutes to get started and see how much you could save this year.
Justregister an accountand link your bank accounts, then sit back while Rocket Money goes to work.
Wealthfront HYS: Making Investing Easier
Savings can grow at a glacial pace when youre already stretched thin.
Wealthfrontoffers an automated investment account designed to help you manage risk and maximize potential returns without spending a ton.
Its both easy and cost-effective you wont be charged any fees per trade.
Another thing Wealthfront has going for it is its Tax-Loss Harvesting (TLH) software.
Treasuries basically are a loan you give the government, which pays you back later, plus interest.
And being backed by the U.S. government makes them one of the safest5ways to invest your money.
So, depending on where you live, more of your savings may go back into your pocket.
After your Treasury bills mature, Public will automatically reinvest to create a compounding effect.
you might also sell your Treasury bills at any time6.
It only takes a few minutes toenroll in a Treasury accountwith Public to start earning more on your savings.
you might schedule automatic transfers into your savings account, too.
It takes all of about five minutes tosign up for Chime.
Need More Help?
Read our list of thebest budgeting appsto get your finances together.
FAQ: Money-Making Apps
Are money-making apps safe?
Yes, reputable money-making apps likeCleoandRocket Moneyon our list are safe to use.
Its important to research and ensure youre using apps that prioritize user safety.
Many users find the fees reasonable given the convenience and potential savings growth.
Additionally, apps likeWealthfrontinvest your savings, potentially increasing your returns through market growth.
The key is to choose apps that align with your saving goals and financial situation.
Shes all for automated savings.
1.All client accounts trading and rebalancing are managed by Wealthfronts software.
Wealthfront Advisers doesnt provide tax advice.
See website for more details.
Penny Hoarders opinions in this article are their own and are not tied directly to such compensation.
5.T-bills are subject to price change and availability yield is subject to change.
Past performance is not indicative of future performance.
As a general rule, the price of a T- bills moves inversely to changes in interest rates.
6.Yield is an annualized 26-week T-bill rate (as of11/21/2023) when held to maturity.
Rate assumes holding T-bill until maturity (26-weeks).
T-bills liquidated prior to maturity may result in a loss of interest or principal.
Rate is gross of fees and is annualized.
All investing involves risk of loss.
Past performance is not indicative of future results.Risks.
Chime is a financial technology company, not a bank.
Banking services provided by Bancorp Bank or Stride Bank, N.A.
