8 best money-saving apps For 2024

Best money-saving apps Whether you’re an experienced saver or embarking on your saving journey, the top money-saving apps can aid in growing your bank balance. Every app comes with its unique tools and strategies to support your savings goals.

All that’s required is a checking account and a smartphone. Beyond their functional benefits, these apps are crafted to encourage the habit of saving without excessive cognitive load.

Sharing your bank data with a money-saving apps is necessary (unless the app is offered directly by your bank), so it’s vital to carefully review the terms and conditions.

8 best money-saving apps For 2024


Oportun is an automated savings application that assesses your checking account’s influx and outflows. It systematically transfers funds from checking to savings, relying on algorithms to determine safe savings quantities.

Ideal for those who consider themselves spenders rather than savers and prefer to delegate financial decisions, Oportun offers a valued solution.

Following a complimentary 30-day trial, subscribers are charged $5 per month. This fee grants access to the auto-savings feature and allows users to establish savings targets within the app.

Oportun’s system ensures responsible savings; If it deems that you cannot afford to spare any funds, it abstains from making withdrawals until a more secure saving position is identified.

Moreover, if a transaction risks overdrawing your account, Oportun typically declines it without imposing fees.

While Oportun is not a traditional bank, the funds deposited into its account are held in partner banks insured by the Federal Deposit Insurance Corporation (FDIC).

This guarantees protection of up to $250,000 per depositor, per bank, for each account ownership category.

Previously known as Digit until March 2023, Oportun acquired the app in 2021. Beyond its savings features, Oportun extends its services to loan applications and offers the Oportun Visa Credit Card, issued by the company.


Qapital also aims to streamline the process of saving small amounts effortlessly, introducing a unique twist by allowing users to establish “savings rules.” For example, you can set up a rule tied to a guilty pleasure, prompting the app to assign money to your savings every time you indulge in takeout.

Similar to certain investment apps, Qapital can round up your change from purchases, directing that amount to your savings.

If you use a debit card for a $4.50 espresso, the app withdraws 50 cents from your checking account and transfers it to your savings.

You have the flexibility to adjust the roundup quantities according to your preferences.

Renowned for its visually oriented, goals-based approach, Qapital lets you attach photographs to your financial goals, effectively turning the platform into a digital vision board for your finances.

To utilize the app, you can choose from various options: link an existing checking account, sign up for a Qapital Spending account (which includes a debit card), open a Qapital Goals savings account, or opt for a Qapital Investor account. The features you gain access to depend on the plan you choose and pay for.


Goodbudget employs a virtual adaptation of the traditional envelope budgeting system to meticulously track every dollar spent and saved each month.

It serves as a versatile tool for manual budgeting, savings management, expense tracking, and debt reimbursement.

The app extends its functionality to family members, allowing them to download and synchronize the app on their phones for shared access to the family budget.

Within the app, users assign names to envelopes corresponding to various categories such as housing, utilities, groceries, transportation, and savings.

As expenses occur within a particular category, users subtract the corresponding amount from that specific envelope.

Unlike more automated alternatives, Goodbudget does not synchronize with bank accounts, credit cards, investment accounts, or loans. Users are responsible for manually inputting their expenses each time a purchase is made or a bill is paid.

The app provides useful snapshots displaying the current balance in each envelope, along with vibrant pie charts and tables illustrating your spending history.


Chime, a digital-only brand that emerged in 2014, has garnered millions of customers by providing bank accounts with various auto-save features.

When directing your direct deposit to your Chime account, you can implement a rule for Chime to assign a percentage of your paycheck to your savings.

Additionally, a round-up option is available to enhance your savings. The Chime savings account offers an annual percentage yield (APY) that exceeds the national average.

In alignment with other challenger banks, Chime, not being a conventional bank, does not retain your bank deposits. Instead, customer funds are held securely by FDIC-insured partner banks, namely The Bancorp Bank and Stride Bank.

The Chime application enjoys high ratings on both Google Play and the App Store. Aside from facilitating the setup of automated savings rules, it provides the convenience of daily account balance notifications.


The present is a fintech company offering a hybrid deposit account that combines features of both checking and savings accounts, complete with a debit card and the opportunity to earn interest on specific funds.

The mobile banking app provides account holders with access to a range of financial health tools.

Through the app, customers can establish savings goals, referred to as “pods,” to automatically allocate funds for specific goals such as building a rainy day fund or saving for a vacation. Additionally, users have the flexibility to manually transfer funds directly into their savings pods.

Deposits made into savings pods produce a competitive interest rate on balances up to $2,000 per pod. The banking services are facilitated by FDIC-insured institutions, notably Choice Financial Group and Cross River Bank.


Acorns, a popular app, offers a unique approach for individuals with existing emergency savings who are open to assuming some level of risk through investing.

By linking a debit or credit card to this fintech app, Acorns automatically rounds up your purchases to the nearest dollar and channels the spare change into a diversified investment portfolio aligned with your financial objectives.

Users also have the option to schedule recurring transfers into their Acorns account.

In November 2023, Acorns launched the Mighty Oak Debit Card in collaboration with actor and retired professional wrestler Dwayne Johnson.

Users with this linked card can invest the spare change accumulated from purchases made with the Mighty Oak card.

The linked deposit account, backed by Lincoln Savings Bank or NBKC Bank, both FDIC members, features competitive Annual Percentage Yields (APYs).

The checking portion earns a 3 per cent APY, while the savings (“Emergency Fund”) portion enjoys a 5 per cent APY.

Rocket Money

Rocket Money offers an array of money-saving and budgeting features designed to streamline financial management.

By linking your bank, credit card, and investment accounts, you can automate savings, receive balance alerts, monitor expenditures, and oversee subscriptions.

The app incorporates vibrant graphs depicting your spending history, credit score, and net worth.

Utilizing your billing history, the app recognizes subscriptions and compiles them on a unified dashboard. This feature allows you to assess whether there are any payments for services you no longer utilize.

The paid version of Rocket Money goes a step further by providing assistance in cancelling memberships and negotiating bills.

You Need a Budget

You Need a Budget (YNAB) enables you to establish and monitor your budget effectively. The operational principle involves allocating the funds in your bank account to various budget categories, helping in adherence to your spending plans.

By setting savings goals using this method, every dollar in your account is designated a specific purpose, ensuring comprehensive financial planning.

Within the app, you can assign categories purely to the dollars currently present in your bank account. With each new payday, you have the opportunity to allocate jobs to the newly acquired dollars, enhancing your budgeting accuracy.

YNAB offers the flexibility to link external accounts, credit cards, and loans, integrating them seamlessly into your budget automatically.

Alternatively, for those preferring not to link external accounts, the option to manually enter balance information is also available.

Is it safe to use money-saving apps?

Fintech companies employ various security measures to safeguard your data. The level of security can vary among companies, so it’s crucial to examine the terms and conditions to assess your comfort with how the company manages your financial information.

Before depositing money into a fintech banking account, ensure that the fintech company collaborates with a chartered bank that is insured by the FDIC (Federal Deposit Insurance Corporation). This adds an extra layer of security to your funds.

Why Utilize a Money-Saving App?

If your spending habits precede your saving trends, these apps can be instrumental in reshaping your behaviour.

They prove particularly beneficial for individuals initiating their savings journey. Unlike traditional savings accounts that may require significant initial deposits, these apps facilitate the gradual accumulation of smaller sums, making the saving process more manageable and less demanding.

Once you’ve established a savings foundation, contemplating a transfer to a high-yield savings account becomes cautious.

Given the considerable variation in yields among different banks, it is advised to explore your options thoroughly. Online banks often offer more favourable rates compared to their brick-and-mortar counterparts.

For those with a longer investment horizon and minimal immediate need for funds, parking your money in a certificate of deposit (CD) is also a feasible consideration.


The landscape of money-saving apps continues to evolve, offering diverse solutions to align with individual financial goals.

From the automated savings prowess of Chime and Current to the strategic round-up features of Acorns, these apps cater to varying preferences.

Rocket Money provides an encompassing financial toolkit, while the budgeting precision of You Need a Budget (YNAB) stands out.

Meanwhile, Qapital’s unique savings rules add a personalized touch. The innovative approaches of these apps empower users to effortlessly save, invest, and manage their finances, solidifying their relevance in the ever-expanding realm of personal finance in 2024.

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