The future is bright for saving money. Whether you are looking to save on groceries, travel, or other expenses, these apps will help you cut costs and get ahead of the game in 2021.
The best money saving apps 2021 is a blog post that will be updated with the best apps to save money in 2021.
It’s not simple to save money, particularly if you’re on a limited budget. To free up some cash, you must first decrease your expenditures, after which you must devise a savings plan. Things may become complex if you have to manage several accounts for each of your savings objectives. The good news is that there are many money-saving applications available to assist you in organizing your efforts.
In this post, we’ll look at 19 of the greatest money-saving applications.
The Top 20 Money-Saving Apps
In this post, we’ll look at four different kinds of money-saving applications: coupon apps, bill negotiating apps, budgeting apps, and banking apps. Each one aids you in saving in a different manner.
Shopping at Capital One
Disclosure: Capital One Shopping pays us a commission if you download the Capital One Shopping extension via the links on this page.
Capital One Shopping is a website that helps you save money by offering discounts and deals on both online and offline purchases. You may explore popular goods or search for particular things using the site’s toolbar.
When you buy online, the platform also includes a browser plugin that automatically analyzes costs and promotes special deals. Chrome, Firefox, Edge, and Safari are among the browsers that support the extension.
This implies that anytime you purchase anything online, you are getting a fantastic bargain.
How it Works: Whenever you add an item to your shopping cart, the extension searches the internet for the best possible price on that item. If you find a better bargain than the one you’re looking at, you can either click on it to go to the website where it’s cheaper or use the discount code to make your purchase.
Capital One Shopping is completely free of charge.
Who Should Make Use of It? Capital One Shopping is ideal for those who do a lot of their shopping online and are constantly on the lookout for a bargain. Make sure that having access to offers does not push you to spend more than you would without it while installing the extension. Check out our Capital One Shopping Review for more information.
Capital One Shopping is the source.
Drop is a mobile app and browser extension that lets you earn points when you buy at your favorite shops. Users may also earn points from chosen companies by linking their debit or credit cards. It is no longer necessary to scan receipts or join loyalty programs. You may get $1.00 for every 1,000 points you earn using Drop.
Drop is accessible in Canada and the United States right now. To understand more, read our Drop App review in its entirety.
The process is simple: you download the app and establish an account. After that, you connect a credit or debit card to the app in order to optimize your point earnings on special deals and get customized suggestions.
Shop for your favorite brands (300+) via the app, play a game, or complete a survey. Another great feature is that there is no need to clip coupons or scan receipts, making it extremely simple for individuals to save money.
Drop receives a fee from brands for directing you their way, which it splits with you via the rewards points you earn after completing offers on the app.
Drop is completely free.
Who Should Make Use of It? Drop is for individuals who want to earn a little bit every time they buy. You may possibly quadruple your benefits from a single transaction if you combine Drop with other cash back programs and cards.
Ibotta is a cash-back app that rewards you for buying both online and off. While you won’t save any money in the near term, you’ll receive a lump amount to use toward your financial objectives when you cash out.
Many well-known businesses have collaborated with the platform, including Walmart, Domino’s Pizza, and Target. You may receive immediate cash back on your whole purchase when you buy at any of these shops. The precise percentage you earn will be determined on the current deals.
How it Works: Ibotta is adaptable and offers a variety of choices to fit different kinds of purchasing. When shopping online, you may earn cash back by using the app on your phone or the desktop browser extension.
When shopping offline, you have the option of uploading your receipts afterward, linking your store loyalty cards, or linking a debit or credit card to the app for automatic cash back.
Ibotta is completely free to use.
Who Should Make Use of It? If you often buy at Ibotta-affiliated stores, signing up for the platform is a no-brainer since you will get cash back on all eligible transactions. This will add up over time and may help you achieve your savings objectives. To discover more, read our whole Ibotta review.
Rakuten offers cashback on purchases made through its app. It collaborates with a variety of online and offline stores, including Nike, Macy’s, Levi’s, and The Body Shop at the time of writing.
Cashback may amount to up to 40% of your purchase price. While rewards of this magnitude are uncommon, the site nevertheless provides a number of special deals that may earn you anywhere from 6% to 10%.
How it Works: Once you’ve signed up, you may shop through the website’s webpage or the mobile app. Simply search for the offers you desire, then browse the site or app before making a purchase.
Rakuten will credit your account after the merchant notifies the platform of your transaction. When it comes to cashing out, you have the option of using PayPal credit or a cheque.
Applying for the Rakuten credit card is another way to save money. This adds cash back to your purchases automatically.
Rakuten is completely free to use.
Who Should Make Use of It? If you shop online, chances are Rakuten has a relationship with at least some of the stores you visit. If you are considering a large purchase, it is worthwhile to join up with Rakuten to check if any discounts are available. Check out our Rakuten review for additional information.
When consumers make relevant purchases, Shopkick rewards them with points. You may swap your points for gift cards at Amazon and Walmart after you’ve accumulated enough. This saves you money since you may use the vouchers instead of your hard-earned money to buy essentials.
How it Works: To utilize Shopkicks, look for Select items in the app. If you see anything you want, just scan the barcode with the in-app scanner before purchasing it, and then scan your receipt to gain points.
When you link your card to Shopkicks, you may also earn points for every dollar you spend at partner shops. If you prefer to buy online, you may earn points simply clicking via the app before making a purchase.
Shopkick is completely free to use.
Who Should Make Use of It? Shopkick may be a simple method to earn points if you do a lot of offline shopping. When it’s time to cash out, there’s a broad variety of gift cards to choose from, but you should double-check that you’ll be able to use one before making a decision.
Trim is a useful tool that may help you save money on bills and regular payments. Customers claim to have saved hundreds of dollars by using the service.
Many of the services, such as spending notifications, canceling previous subscriptions, and locating overdraft fines, are available for no cost. Paid features include access to a high-yield savings account that pays 4% interest on your first $2,000 deposit.
When you sign up with Trim, you give the business permission to access your bank account. It then examines your spending habits and makes recommendations for cost-cutting measures. The program will then terminate previous subscriptions or negotiate your costs on your behalf.
Trim is free to join and use, but it takes a third of whatever savings you make using the negotiating function. For example, if the service saves you $10 per month ($120 per year), you’ll have to pay $39.6 (33% of $120). You don’t have to pay anything if Trim’s negotiators don’t save you money.
Who Should Make Use of It? Trim will benefit anybody concerned about the amount they spend on regular payments. The only choice is if you want to manually cancel and negotiate your debts (letting you keep all the savings). Check out our Trim review for additional information.
Trim is the source.
Truebill assists you in saving money by managing your subscriptions, negotiating subscriptions, and giving financial transparency.
How it Works: All you have to do is download the app and link your bank accounts. Truebill examines your spending patterns and makes recommendations on ways to save money. The firm may then terminate undesired subscriptions or negotiate bills on your behalf.
In the app, you can also see how much you spend each month and how it compares to prior months. It also notifies you when your regular payments are due, ensuring that you are not caught off guard. Overall, it’s a useful tool for keeping track of your expenditures.
Cost: The basic product is free to use, but premium features range from $3 to $12 each month. In addition, the app gets a 40% fee on bill negotiation.
Who Should Make Use of It? If you feel like you’re losing control of your money, Truebill may help. Consider Truebill if you want to keep track of how much you spend each month and cut your expenses. Check out our Truebill review to discover more.
Billshark is a site that helps you negotiate your bills and cancel your subscriptions. It may help you save money by lowering your internet, phone, and Pay TV costs, among other things.
To use Billshark, go to the website and input your bill information into the savings calculator, which will estimate how much the business believes it can save you. If you’re satisfied with the estimate, just submit your information and the Billshark team will get to work. After that, the business will send you an invoice for its commission.
Cost: Signing up for Billshark is free, but the business gets a 40% cut of any savings and costs $9 to cancel a membership. You just have to pay when they help you save money.
Billshark is an excellent service for individuals who want someone to negotiate their bills but don’t require the additional capabilities that Truebill and Trim provide. Check out our Billshark review for additional information.
Digit is a cool software that analyzes your financial patterns using an algorithm. The findings are then used to automatically put money aside each month without the user having to do anything. You get a 0.5 percent yearly saving incentive if you save for three months in a row. To understand more, read our Digit review in its entirety.
How it Works: You begin by telling the app what your savings objectives are, like with many other savings applications. This encompasses both short- and long-term objectives. After that, you connect your bank accounts so that the app can start studying your income and spending patterns.
Once Digit has a better understanding of your spending habits, it will begin to put money towards your savings objectives. If you’re worried about an app moving your money around without informing you, you may set daily restrictions and safe levels. If you want to save even more money, you may use the app to manually transfer money.
After a free 30-day trial, Digit costs $5 per month.
Who Should Make Use of It? If you have savings objectives but don’t want to get mired down in transferring money between accounts, or if you’re not sure how much you can save each month, Digit is a good option.
Qapital is a strong saving software with a variety of features to assist you in achieving your financial objectives. You create objectives and then use the saving tools to choose when and how much money to put toward each one.
Qapital also allows you to see investment portfolios. Simply create an account and decide when and how you wish to deposit funds. To understand more, read our entire Qapital review.
How it Works: It’s simple to get started with Qapital. It will question you about your savings objectives when you join up and connect your bank account. After that, you set up accounts for each goal and decide how you’ll save for them.
Monthly deposits or the “round-up rule,” which rounds up all purchases to the closest dollar and adds them to your account, are two choices for saving.
Setting up your own If This Then That rules with other applications on your phone is maybe the most interesting method to save. When you perform a certain activity, you may instruct Qapital to automatically save a set amount.
For example, if you reach a Fitbit goal or upload a picture to Instagram, $5 might be immediately sent to your savings account.
Qapital has three pricing tiers: the cheapest is $3 per month, while the most costly is $12 per month.
Who Should Make Use of It? If you have several savings goals or want to be more creative with your money, Qapital is a fantastic option. However, you should be sure that the savings you earn will make the $3 to $12 monthly charge worthwhile.
Acorns is a multi-featured software that may assist you in saving money. Round-Ups is the standout feature, which rounds up every transaction made with the Acorns Debit card to the closest dollar and invests the difference in an investing account.
You may also invest a one-time payment or put aside a monthly amount to invest. A special retirement account may be established. Start with as little as $5 and choose from a variety of investing choices based on your requirements.
How it Works: It’s simple to get started with Acorns. Simply register on the site and choose the savings and investment accounts you wish to establish.
Acorns offers three different price choices. The cheapest option is $1, while the most costly option is $5.
Who Should Make Use of It? If you have long-term savings objectives and don’t mind placing your money into portfolios that may vary in value over time, Acorns is an excellent choice. To discover more, read our complete Acorns review.
Acorns is the source of this information.
Stash is a tool that allows users to save money. It enables you to manage your money by allowing you to create several savings and investment accounts.
Stash’s Stock-Back debit card is a standout feature. This operates similarly to a cash back card, except instead of cash, you get stocks from the businesses you purchase from. These equities are added to your portfolio with the potential to rise (or fall) in value.
When you sign up for Stash, the app asks you a series of questions about your savings objectives. You next deposit funds into your Stash account and organize your savings objectives into various areas. You may also start investing in stocks and ETFs at this stage.
Stash options range in price from $1 to $9 per month. They are now offering a $5 welcome bonus when you make a $5 deposit.
Who Should Make Use of It? If you want assistance meeting your savings goals and like the concept of a card that rewards you with stocks rather than cash, Stash is a good option. To understand more, read our entire Stash review.
Another app that may help you save money is Empower. It analyzes your spending patterns and income, much like Digit, and saves any extra money automatically. The software also includes budgeting tools, a checking account with a 0.25 percent annual percentage yield, and the ability to accept a loan of up to $250 directly to their bank account.
When you sign up with Empower, you tell it your weekly savings goal and which bank account you want the money to be transferred from. After that, the app analyzes your spending patterns and puts away an amount it believes you can afford.
This changes based on your spending habits on a weekly basis. Empower also gives you a breakdown of your expenditures and suggests ways to save money, such as canceling subscriptions or reducing phone rates.
Empower Finance has a monthly fee of $8.
Who Should Make Use of It? Empower Finance is an excellent option for individuals who wish to automate their savings and get customized recommendations on how to better manage their money.
Tip Yourself if You’ve Earned It
Earnin Tip Yourself is a useful savings feature of the Earnin payday loan app. The Tip Yourself feature allows you to build virtual money jars for various objectives that you may contribute to at any time. This makes it simple to keep track of your financial goals.
To utilize Tip Yourself, first join up with Earnin and then go to the appropriate area. You may create new jars from here, giving them a name and a savings goal. You may then add up to $50 each day to each jar.
Earnin Tip: Earnin Tip: Earnin Tip: Earnin Tip It is entirely up to you to make use of yourself.
Who Should Make Use of It? If you have several savings objectives, use Tip Yourself. Because you won’t receive interest on your savings, this account is ideal for short-term objectives.
Money at its apex
Peak Money is an app that aids in the creation of savings strategies. You may establish numerous objectives and a customized approach to achieve each one. Your money will earn a 0.5 percent yearly return, which will help you meet your goals more quickly.
How it Works: Simply download the app and set your goals. The amount of money you should save is then suggested by Peak Money. You may personalize this by requesting automatic transfers or having your purchases rounded up to the next dollar and the difference saved.
The app gives you an overview of your money and tells you how close you are to each goal after you’ve put it up.
Peak Money is completely free to use.
Who Should Make Use of It? Peak Money is worth a try if you’re looking for a free software to help you meet your savings goals.
Twine takes a different approach to the savings app formula by tailoring it to couples. It assists you and your savings partner in saving for shared objectives such as vacations, weddings, home purchases, or new goods.
To get started with Twine, first download and sign up for the app. You may then set up savings objectives and monthly contributions for each individual, which might be the same or different. Your savings partner may use your app directly or download it to their smartphone and connect their accounts.
Twine is a free way to save money. For every $500 invested, it costs $0.25 a month to invest.
Who Should Make Use of It? Twine is a fantastic alternative for couples or individuals who wish to save money jointly.
Aspiration is an online bank that blends money-saving capabilities with environmental benefits.
The business offers a savings account with a rate of interest of up to 1% and investment options.
When you use the Aspiration card to make a purchase, you can get up to 10% cash back at businesses who are members of the Conscience Coalition, or 0.5 percent at businesses that have a high Aspiration Impact Measurement score.
How it Works: Download the Aspiration app and create an account. You’ll be able to access both the Aspiration Spend checking account and the Aspiration Save savings account using this method. You may also apply for IRAs and funds.
Aspiration is completely free to use. A Plus version, which costs $7 per month and includes up to 10% cashback and high-interest rates, is also available.
Who Should Make Use of It? For those who are concerned about the environment, aspiration is a viable choice. If you want to spend your money at businesses who share your concerns, the Aspiration card is a good option.
Aspiration is a source.
Chime is an internet bank that offers checking and savings accounts to its customers. Chime offers automated saving options that encourage customers to transfer funds from one account to another.
There are no monthly fees with this checking account, which comes with a card. The savings account pays 1% APY (as of this writing), ensuring that your money is working for you. Other helpful features of the app include spending alerts and daily balance updates, which may help you save money.
How it Works: It’s simple to create a Chime account online. The software may then be configured to round up purchases to the closest dollar and store the difference. Alternatively, you may set aside a specific amount each time you get paid. You may also move funds from your checking account to your savings account on a one-time basis.
Chime is completely free to use and has no hidden costs.
Who Should Make Use of It? Chime is an excellent choice for individuals who want a conventional savings account with convenient automated savings options.
Varo is a web-based bank that offers a high-interest savings account. All users will get 1.21 percent interest, while those who make at least five Varo debit card transactions and receive $1,000 in their account each month will earn 2.8 percent. This higher savings rate is only available for the first $10,000 in your account.
The software also includes money-saving capabilities, such as rounding up your purchases to the closest dollar and keeping the difference when you get a payout.
How it Works: Using the Varo app, you can easily sign up for the service. After you’ve established a normal checking account, you’ll be able to create a savings account. To begin collecting interest, deposit whatever amount you can afford into your savings account.
Vara is free to use and does not charge a monthly subscription.
Who Should Make Use of It? If you want a high-interest savings account as well as normal banking services, Varo is a good option.
Simple is an online bank that includes sophisticated budgeting features. The app’s primary benefit is that you can set it up to automatically divide up deposits so that you can pay all of your expenditures and save for your objectives. The amount of money you have left is then plainly shown.
The software also has a round-up savings function that allows you to save without having to think about it. The Simple high-yield account pays up to 0.8 percent interest to help you reach your financial objectives.
Simple gives you access to both a checking and a high-yield checking account when you join up for the service. Tell the app about your expenditures and objectives, and it will guide you through the process of setting up the automated divvying-up features.
Simple is completely free to use and has no hidden costs.
Who Should Make Use of It? Divvy is a good option for individuals who wish to establish a bank account that also includes a budgeting software.
Apps for Saving Money Frequently Asked Questions
We understand that there are so many applications available that it’s easy to get overwhelmed by the options, so we’ve compiled a list of some of the most commonly asked questions regarding money-saving apps on the internet.
What are Coupon and Cash Back Saving Apps, and How Do They Work?
Coupon and cash back websites may help you save money. They assist you in saving money on daily purchases such as groceries, as well as offering discounts on larger purchases. You’ll have more money to save at the end of the month since these tools help you spend less.
What Are Bill Negotiation Apps and How Do They Work?
Another method to significantly reduce your monthly costs is to use bill negotiating applications. You will have more money at the end of the month if you do so. Some bill negotiating applications also provide reporting tools that give you a better picture of how you spend your money. These applications will show you whether you are overspending on a certain commodity, such as coffee or ridesharing services. You may then take measures to cut down on those costs.
What Are the Benefits of Budgeting and Automated Savings Apps?
Budgeting and savings applications link to your bank account and assist you in setting aside funds for a variety of financial objectives. They often include automatic functions that allow you to save without having to do anything. Many of them also allow you to start investing right away.
How Can I Save Money Using Banking Apps?
Many of the advantages of a traditional bank account are available online, along with a few extras. Higher interest rates and automatic saving and budgeting tools are examples of this.
As this article demonstrates, there are many methods to save money by using applications. Consider joining up for several items to save the most money.
Installing a coupon browser extension and using a bill negotiating service, for example, might help you save money, and then signing up for a money-saving software could help you achieve your wealth-building objectives.
Keep an eye out for costs while selecting an app. When you use a paid app, you want to know that the value you’ll receive out of it outweighs the expense. Otherwise, it is detracting from rather than adding to your financial objectives.
It shouldn’t be too difficult to begin your savings journey with a little preparation and the assistance of an app.
The best free money-saving apps 2020 is a list of 20 best money saving apps that are expected to be released in 2021.
Frequently Asked Questions
Which is the best app for saving money?
The best app for saving money is the app called Quicken.
How can I save money in 2021?
The best way to save money in 2021 is to invest your money wisely. This means that you should have a diverse portfolio of stocks, bonds, and other types of investments so that you can maximize the amount of return on your investment.
How can I save money like a pro?
There are a few ways you can save money. You can buy used games, use coupons, and shop around for the best deals.
- best money saving apps 2020
- free money saving apps
- best money saving apps free
- apps that force you to save money
- money saving apps for students