In college, finances can be tight and it can be a challenge to save. Books, parking, class fees and food can all add up, but it’s important to think of emergencies, too. In life, sometimes unexpected costs or unforeseen events may occur. We must be prepared and proactive instead of scrambling for funds at the last minute. It’s important to pay God first in your tithing and also to save for a rainy day. We never know when we may need a new tire, or may have a health issue or a dental problem, so it’s important to invest in the future.
Here are some financial apps that automatically take out funds for you so you can start saving.
One of my favorites to use is called Qapital. This particular app allows you to create financial rules in which you can set $1 to $5 withdrawals per guilty pleasure in shopping as a penalty or per purchase. The money is saved and withdrawn from your checking account you provide for Qapital, so you don’t have to save it yourself—the app does it for you. You can set particular goals that you want to aim for. For example, you can save for a concert, for a special gift or trip, or to pay off a loan or credit card. Click here to download Qapital and start saving today.
The next app is Mint, which tells you what bills are due and connects to all your accounts. Mint helps you create a budget to save and to track your spending. Click here to download the Mint app on your smartphone and start budgeting today.
The third financial app that helps you save and invest is called Acorn. This app helps you save and invest in stocks. Your money is automatically accumulated for you based on the amount you want to invest, which can be $5, $20 or more. Each case is different, and you can be a high-risk investor or a conservative one. Click here to join Acorn Investments now.
The fourth app I would like to share is Digit Co., which analyzes your spending habits and income and gives you a daily opportunity to save. Your finances are secured in an FDIC account, and you can transfer funds back to your main checking account any time as simply and quickly as sending a text. Saving money is a challenge for many of us, but with this app, it’s automatic and very helpful. Click here to download the Digit Co. app.
The final financial app that I recommend for you is called Pennies. This was recommended on Forbes’ official website and costs $3.99 on the Apple App Store. The app basically breaks down your budget so you’ll know how to spend your money the next day. It helps you assess what you can and cannot spend. It has also been endorsed by Time, WIRED and Lifehacker, so I would say it’s worth the $4. Click here to download the Pennies app.
PI Girls, do you have a savings account? If so, what is your strategy for saving, and does it work? Comment below!