Do you have your sites set on purchasing your dream home in 2019, but need to save up more money to help get you there? Here are some of our favorite money-saving apps that can help get you into a new home for the new year.
Now you can manage all of your finances in one convenient location. It helps you easily create a budget and also gives you suggestions on opportunities of where you can save more based on your spending habits. You can track your bills through this app and also set up alerts so that you are never late on a payment. It also checks your credit score for you (without needing a credit card) and gives you suggestions on how to improve it. It’s a great app to help you access your finances all in one place and to be more organized and proactive with your money and spending.
This app takes the thinking about how much you should save, and how much you are actually capable of saving, every single day based on your bank account and your spending habits. In the app you can set up a specific goal, like “saving up for a down payment,” and Digit will help you reach it. It will monitor your spending and know when you can save a little extra, and when you might need to keep that money more available to you. The app is free for the first 30 days and then costs $2.99 per month.
You Need a Budget recognizes that some of us would rather keep our finances “out of sight, out of mind,” but if you want to actively save money, you have to be very aware of what’s going on in your bank account. “The closer you are to your budget, the closer you are to your financial goals.” On this app you can easily connect all of your bank accounts in one place, you can easily sync your profile with a partner, learn different tips and strategies for getting out of debt, and ultimately by having a rock-solid-plan, achieve your financial goals.
Another tool to help you find clarity in your finances, Clarity Money is a tool to break down your income, along with your spending and saving habits. Do you have memberships that have been long forgotten about? Clarity Money can cancel them for you. They can keep you in check by showing you when you overspend on something, and can even recommend different cards with benefits that might be of interest to you.
If you have trouble transferring money into your savings account on a regular basis, this is a great app for you. It can also send you text messages to help track your spending and has a feature that analyzes your recurring subscriptions and can cancel them for you if you would like. The app will also notice when a cable or internet bill seems too high and negotiate it down for you and can set up automatic transfers for you into savings.
Honey is actually a free extension for Google Chrome and is perfect for people who love online shopping. You just install it, and it will apply coupon codes when you check out from a variety of different online retailers. Get codes from places like Amazon, Papa John’s, Nike, Forever 21, and more. It never hurts to add a little discount on at checkout time! Those little savings all add up in the long run.
FeeX is a free service that finds and helps you reduce fees in your IRA, 401(k), 403(b), brokerage and other investment-type accounts. Investment fees can add up really quickly, oftentimes going unnoticed. Even the savviest of investors can get confused by the financial jargon that accompanies their profiles, and FeeX helps with that. They describe themselves as the “Robin Hood of Fees.”
Qapital encourages you to “save smartly” using their system of “Goals” and “Rules.” You can also team up with people to reach your savings goals faster. If you’re new to investing this app is a great place to start with their pre-built portfolios. They have tools to help you determine if buying something now is more important than saving for something later, and can help you plan out where to allocate your paycheck as well.
Start Saving More Now and Buy Your Dream Home in 2019
Something that all of these apps have in common is that they make your finances less scary. It’s important to have a reasonable expectation with your income and spending, and take the time to track what’s going in and out of your accounts regularly. These tools and apps are a great way to help keep you on track, save more money, and ultimately have what you need to feel comfortable purchasing a new home.