I only just recently figured out how to save money. It’s super simple, really.
The key to saving money is to have a goal. Goals keep you motivated. They keep you going when the going gets tough.
One of my resolutions this year was to get better at saving money, so I decided I needed to make a small goal in order to make it come true. My goal was to save $300 by March so I could use it to travel more this year. Believe it or not, this was a hard goal for a girl who forgets to transfer just $50 into her savings account each paycheck. But, I’m glad to say that I achieved my goal in February, a full month earlier than I anticipated.
Here’s how I did it.
First, I recognized that I am generally unreliable when it comes to saving money on my own, so I turned to modern technology for some help. I tried out a couple of different apps to help me keep track of my finances so I could find ways to trim down spending and grow my savings. I tried Mint, I tried You Need A Budget, but I didn’t stick with any of them for more than a few days. And then I stumbled on Digit.
Digit is a money saving app that automatically transfers small amounts of money from your bank into a savings account. The automatic withdraw is usually between $5 – $50, depending on your savings goal and how much money you have in the bank at the time. The app is smart, so it never saves more than you can afford. You can also set a limit for it to stop saving money when your account reaches a certain point. I also love how it texts me how much money I have, and how much money I’ve saved, every day. I used to be one of those people who dreaded checking my bank account, but now that I have realistic expectations about spending and savings I get excited to see how much closer I’m getting to my goals.
I’ve been using Digit for over a year now, and it is my favorite savings app by far. I wouldn’t recommend it if I didn’t love it. The app is FDIC insured so I don’t have to worry about security issues or having my banking information compromised. If you’re interested in trying out Digit, check it out here and let me know what you think!