2024's Top Automated Savings Tools: In-Depth Reviews to Skyrocket Your Savings

Saving money is something everyone wants to do, but it can be really hard to keep up with. Thankfully, in 2024, there are some amazing automated savings tools that make saving super easy. These tools help you save money without even thinking about it. Below, we dive into the best ones available this year and how they can help you skyrocket your savings.

Chime

Chime is a popular online bank that offers a fantastic automated savings feature. When you use your Chime debit card, it rounds up your purchases to the nearest dollar and transfers the difference into your savings account. This way, you're saving a little bit every time you spend money. It also offers an automatic transfer feature where you can set a percentage of your paycheck to go directly into savings.

Chime has no hidden fees and offers a high-yield savings account, which means you'll earn more interest compared to traditional banks. It's perfect for anyone who wants an easy and effective way to save money.

Digit

Digit is another great tool that analyzes your spending habits and automatically saves small amounts of money for you. It uses algorithms to figure out how much you can afford to save without impacting your daily life. Digit moves this amount from your checking account to a Digit savings account.

The app also lets you set specific goals like saving for a vacation or an emergency fund. Digit charges a small monthly fee, but many users find it's worth it because of how much they end up saving.

Qapital

If you're looking for something more customizable, Qapital might be the right choice for you. Qapital lets you create "rules" that trigger automatic savings based on certain actions or behaviors. For example:

• Round up every purchase and save the change
• Save $5 every time you hit the gym
• Transfer $10 into savings every Friday

This flexibility makes Qapital fun and engaging while helping you reach your financial goals faster.

Acorns

Acorns is perfect for those who want to invest their spare change while saving money. Similar to Chime, Acorns rounds up your purchases and invests the difference into diversified portfolios built by experts. This way, you're not just saving – you're investing in your future as well.

The app offers different investment options based on risk tolerance and financial goals, so it's suitable for beginners as well as experienced investors.

Cleo

Cleo takes a different approach by using AI-powered chatbots to help manage finances and automate savings. You interact with Cleo through chat messages where she provides insights on spending habits and helps set up automatic transfers into savings based on what she learns about your finances.

This makes Cleo not only an automated saver but also a financial advisor in some ways.

Final Thoughts

Savings can seem daunting but using automated tools makes it effortless. Whether it's rounding up purchases with Chime or investing spare change with Acorns, there's something out there for everyone in 2024. Find the tool that fits best with your lifestyle and watch as your savings grow without any extra effort!