Micro-savings app recommendations

I am trying to figure out a way to save a bit more and it seems like there are many of these apps to help with saving small amounts passively. Anyone tried one?

Seems like Acorns, Qapital, and Digit are three I keep seeing over and over again.

I like the Acorns idea of watching my spending and just rounding up. So if I buy a Diet Coke for $1.80, it rounds up and takes .20 to put in the Acorns account. In my head I was already spending $2 so it doesn't feel like I am really spending more money - I just have more money.

But some of the other ones look neat too.

Anyone tried any and have a recomendation?

I really like the idea and hopefully someone can recommend a good one.

The problem when I looked into these about a year ago, including Acorns, was that you have to have your banking or credit card account with them. This means I lose out on the 2-5% cash back the cards I use today give me, which more than likely outweighs any savings from rounding up I might have. What I would like is either the cards I already have to add a feature like this, or have a third party that can connect to the accounts and do an 'after-the-fact' roundup charge, maybe weekly, and deduct it from the card. Or visa / mastercard as the payment processor in the middle allowing a signup like this.

Have you looked to see if your bank already offers something similar? We have USAA and they have a few different microsaving options available.

That is news to me. While Acorns does take the money from my primary bank account
and puts it in their account they don't seem to require that I use their account for anything.
For me I plan on it just being a holder for money until I want to move it to my primary account to spend. But I will check more details so make sure I don't need to use Acorns bank.

LeapingGnome wrote:

I really like the idea and hopefully someone can recommend a good one.

The problem when I looked into these about a year ago, including Acorns, was that you have to have your banking or credit card account with them. This means I lose out on the 2-5% cash back the cards I use today give me, which more than likely outweighs any savings from rounding up I might have. What I would like is either the cards I already have to add a feature like this, or have a third party that can connect to the accounts and do an 'after-the-fact' roundup charge, maybe weekly, and deduct it from the card. Or visa / mastercard as the payment processor in the middle allowing a signup like this.

I use digit and have been using it for quite some time. I've saved a TON more than I expected to save. It has some kind of awesome algorithms that say "If we pull this much from Dethroned's accounts, he can still pay bills and live a good life while also saving money!" I'm surprised how much it pulls to save and how I haven't really noticed it missing from my account. It figures out when you pay bills, when you have a little more in your account, and when it can safely pull money.

A plus with digit is that each morning it sends you a text message with your current account balance as well as the last 3 transactions. "Your account went from $x,xxx.xx to $x,xxx.xx".

If you want to pull money from Digit, you just send a text telling it you want to withdrawal and the amount. Within 2 days (sometimes the next day) I have had the money back into my account.

Honestly, Digit has been awesome for me. If I'm good and don't check for a little bit, I'll find that I've saved an extra few hundred dollars.

Shameless plug: If you want to try digit and use my referral code, you get $5 to start and I make $5 as well. Click here to sign up and help me retire early