Best Money Saving Apps of 2022

Saving money is one of those things we know we’re supposed to do, but it’s rarely as easy as it sounds.

While the standard advice like skipping a $5 latte or cutting back on the cable can be helpful, those things don’t always apply to everyone. Plus, it can be hard to save if you’re struggling to manage a budget in the first place.

Without a real money-management plan, it’s easy to reach the end of the month with barely enough for your expenses let alone extra to set aside for a rainy day.

Working from home to provide for your family’s needs goes hand-in-hand with making the most of that money. If you want financial freedom, you need to have a savings plan in place.

Sometimes, it’s hard to even know how much wiggle room you have in your budget for saving. If you’re one of those people who has difficulty with saving, you’re not alone (I’m raising my hand!).

Luckily, there are tools that can help. Whether you’re looking to dip your toe into investing for the first time, or you want a place to round up your spare change so you can save for that vacation, there’s an app to help you.

Top Money Saving Apps in 2021

Saving money doesn’t have to be complicated. In fact, it’s as easy as reaching for your phone. These money-saving apps will help you take control of your money and work towards an end goal.

If you’re ready to get started, begin with one of these best money-saving apps in 2020.


If you aren’t sure how much you can safely save or don’t know where to start, Digit can help. Digit is an app that analyzes your income and spending and determines how much you can afford to save each month.

In order for it to work, you’ll need to connect it to your bank account and then set up savings goals. From there, Digit analyzes your spending and calculates how much money you have to spare.

It will automatically deduct small amounts from your checking account and place them into your Digit savings account, promising not to overdraft your account.

This app sends you notifications with regular updates of your bank’s balance. If at any time you need to put a pause on the automatic savings transactions, doing so is as easy as a push of a button. It’s equally easy for you to access the Digit savings account if you need to.

Digit also offers savings bonuses. For example, if you save for 3 consecutive months, you’ll get a 1 percent annualized Savings Bonus.

Digit is free for the first 30 days, and then costs $5 / month after that.


Robinhood is a pioneer in the idea of commission-free investing. With this free-trading app, you can invest in an unlimited number of commission-free trades on things like stocks, EFTs, and options.

If you know what you’re doing, this can save you a lot of money in the long run.

If you don’t know what you’re doing or you want some insider know-how, you’ll have to pay for a little knowledge. Robinhood does charge for its Robinhood Gold Account, which gives you access to margin trading and professional research reports.


If you’re new to investing or want a simple, no-hassle way to save, give Acorns a try. With this micro-investing app, you can send spare change straight from your phone to an investment account.

To do this, link your checking or savings accounts and turn on the “round-up” feature. This rounds up all your transactions to the nearest dollar, sending that spare change into an Acorns investment account.

There is a little risk involved – this is investing after all – but it’s a great method if you want to get started but don’t have the big bucks for regular trading.


Stash is another app that makes investing quick and easy for beginners. With Stash, you can have your banking, saving, investing, and learning all in one place. It’s designed as a complete personal finance app, helping its users gain complete control of their money.

Want to learn more about investing? Stash has tools for that? Want to take a hands-off, automatic approach to saving? With Stash, you can. As an all-in-one money management app, Stash aims to make things as easy as possible.

There is a $1 per month charge to use the basic features, bumping to $3 per month if you want tax benefits for retirement accounts. If you want to add up to two investment accounts for your children, you’ll want the top-tier account which costs $9 per month.


If you have a joint savings goal with your spouse or partner (like a vacation or debt payment), you’ll want an app that works for the both of you. Enter Twine.

With Twine, you can work towards your goals together and save as a couple. When you sync the accounts, both users can contribute and track progress. With this money-saving app you can invest in a portfolio or keep you savings in a cash savings account.

Cash savings are completely free, and it costs 25 cents per month for every $500 you invest.


SmartyPig is the grownup, online equivalent to your childhood piggy bank. You simply decide how much money you want to save each month, and the app does the rest. You can set it up to deduct from your bank account monthly, or opt to have a direct deposit taken from your paycheck.

The app is totally free to use and the high-yield savings account is FDIC insured.

Tip Yourself

Want an easy way to reward yourself for making smart financial choices? Check out Tip Yourself. Any time you want to send yourself a tip, simply log into your app and select the dollar amount you’d like to send to your Tip Jar.

With this app, you get to decide when and how much to tip yourself money. You can use this as an incentive for making good choices.

Decided to skip the drive-thru on the way home? Tip yourself two bucks. Want to reward yourself for eating healthy? Tip yourself a dollar.

This app works great if you want to set goals for yourself and are then motivated to reward yourself when you meet your goals.

It’s free to use this money-saving app, and all Tip Jar funds are FDIC insured.


Want a bank that handles all your accounts and tells you how much you can spend or save? Simple is the answer.

Simple is a handy mobile banking app that offers everything from a free checking account and debit card to straightforward budgeting tools.

When you view your account balance, it will tell you how much of the money is actually “safe to spend.” You can also choose to round up your purchases to the nearest dollar, pocketing that extra change into a savings fund for a rainy day.


Qapital is the app to use if you love a good money-saving challenge. This app uses rewards and rules to help you achieve your saving goals.

Qapital also offers pre-built portfolios designed to make investing easy. Put in the amount you want to invest and add your timeline goals, and the app will find the best-diversified portfolio for your money goals.

Final Thoughts

Working with one of these top money saving apps is just the start of being smart with your money. When you are careful with your spending, budget within your means, and work toward earning extra income, you’ll be well on your way to financial freedom.

Do you have any experience using one of these apps? Please share with me in the comments how it worked for you!

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