The Best Apps to Help Save for a Down Payment
It’s no secret that buying a home is one of the most, if not the most significant purchases you’ll make in your lifetime. Maybe you think you might want to venture into home-ownership but feel disheartened by the massive expense. Fear not, it might not be as massive a mountain to climb as you once thought. There are an endless number of apps right at your fingertips you may have not even known existed, designed to whip you in to money saving, goal nailing shape – especially down payment goals.
This week is devoted to saving enough to get you that down payment for the home of your dreams, and stay tuned for next week on a post dedicated to long-term financial goals, and helpful homeowner apps.
Your one-stop-shop to managing your finances anywhere, anytime. From the makers of TurboTax, Mint allows overview access of your bank accounts, credit cards, bills and investments so you always know what’s going on. The nice thing is that you can see what you’re spending so you have an idea of where you have room to save. Click here for more info.
Time Magazine: The 50 Best Apps of the Year (2016)
PC Magazine: What to Do When You Go Over Budget in Mint.com (2016)
Nerd Wallet: Financial Fitness - 7 Exercises to Build your Credit Muscle (2016)
Huffington Post: 5 Things To Know After You Graduate (2016)
Tech Times: Save Money in 2015: Here are the Best Money Management Apps (2015)
Kiplinger’s: 10 Great Saving Money-Saving Apps (2014)
Money Magazine: Best Finance Tool For Budgeting (2014)
Wired: The Best Apps for Budgeting Your Cash (2014)
Qapital is an app designed to help automate your savings so you can help reach your financial goals through encouraged good personal finance habits and discipline.
A few of the features include charging you for guilty pleasures, placing caps on spending, set it and forget it saving deposit rules, and their most popular, the round-up feature that rounds each penny to the nearest dollar and transfers this to savings. They say the average user saves $44 a month with this trick! Click here for more info.
Save on essentials every trip to the store with Coupons.com. This can be a crucial part of saving because it’s the little things that make a big difference. By using coupons every time you head to the store, the savings will start to stack before you know it. Simply download the app, then go shopping. You can either use the coupons from your phone, print them out, or have savings applied to your loyalty cards. Click here for more.
Simple is quite simply a bank in the form of an app. If you think you can go branchless, this FDIC insured virtual bank might be for you. Opening an account is free and there are no fees. Features include security, visualized spending, goal setting through budgets and Safe-to-Spend® which automatically subtracts scheduled bill amounts and all inputted goals from your total balance letting you know the margin of safe spending. Click here for more.
Free trials. We all do it. Usually it’s free for the first month or 30 days with that needle-in-your-side caveat of submitting your card information and thereby being defaulted to automatic withdrawal renewals. This unique app is created to combat this, among other costly subscriptions that almost no one pays attention to as far as when they expire or how much they cost, i.e. money down the drain. So – how does it work. First, you find all the subscriptions and bills you pay, then at any time you can request Truebill to cancel whatever you need. The app also keeps you notified on what subscriptions are due when. And yes, it’s free! Click here for more.