Top Automated Savings Tools of 2024: In-Depth Reviews and Smart Picks for Your Finances

Saving money can be tough, especially when you have a lot of expenses. But in 2024, there are some really cool automated savings tools that make it easier to manage your finances. These tools can help you save without even thinking about it. Here are some of the best ones I found after doing a lot of research.

Qapital: Save with Goals in Mind

Qapital is an awesome app that helps you save by setting goals. You can create different savings goals, like for a vacation or a new gadget, and then set rules for how to save for them. One popular rule is the "round-up" rule where it rounds up your purchases to the nearest dollar and saves the change. It’s like saving without even noticing!

Chime: Automatic Savings Made Easy

Chime is another great tool that makes saving super easy. With Chime, you can set up automatic transfers from your checking account to your savings account every time you get paid. Plus, it also has a feature similar to Qapital's round-up rule. Chime makes sure that saving money becomes a habit rather than a chore.

Digit: Save Based on Your Spending Habits

Digit is pretty unique because it analyzes your spending habits and automatically saves small amounts of money based on what it thinks you won’t miss. It’s like having a smart assistant that knows exactly how much you can afford to save without affecting your daily life.

Acorns: Invest Your Spare Change

If you're interested in both saving and investing, Acorns might be perfect for you. This app rounds up your purchases to the nearest dollar and invests the spare change into diversified portfolios. It's an easy way to start investing without needing a lot of money upfront.

Simple: Budgeting Meets Saving

Simple is more than just a savings tool; it's also great for budgeting. With Simple, you can set up goals and track your spending all in one place. It uses something called "Safe-to-Spend" which shows how much money you have left after accounting for bills and goals, making budgeting really straightforward.

Tally: Pay Off Debt While Saving

If you're trying to pay off debt while also wanting to save money, Tally could be helpful. Tally manages all your credit card payments and finds ways to lower interest rates so that more of your money goes towards paying off debt rather than interest fees. This way, you can become debt-free faster while still putting some money aside in savings.

Cleo: Fun Way to Save Money

Cleo makes saving fun by using chatbots! You interact with Cleo through messages where it gives advice on how much you should save based on your spending habits. It even has challenges like "No Spend Weekends" where it encourages you not to spend any money over the weekend.

I hope this list helps you find the right automated savings tool for 2024! Each one has its own unique features so think about what works best for your lifestyle and financial goals before choosing one.