One of our favorite savings app that we can’t get enough of is the Digit App. By saving a little bit every day, the Digit budget app can really turn your finances around!
Almost all of us would agree that setting aside savings is important for our overall financial health.
However, for most of us, the most difficult thing about saving money is figuring how to get started.
Wouldn’t it be easy to learn how to save money and get paid to do it?
Believe it or not, there is.
Quick facts about Digit
- Saving money used to be hard. Now it’s easy!
- Digit is an effortless way to save money without thinking about it.
- Every day, Digit checks your spending habits and moves money from your checking account to your Digit account, if you can afford it.
- Available for iOS, Play Store, and Twitter.
- Click here to sign up for free.
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What is Digit?
Digit is essentially an app with a goal of making savings a mindless task for its users. The app is a micro-savings platform that analyzes your spending to determine the perfect amount that you can save over time. Then it makes automatic withdrawals and transfers it to your savings without you even thinking about it.
As Digit’s CEO Ethan Bloch had it, the goal of the app is to make saving as easy, stress-free and automatic as possible.
Simply put, Digit does all the hard work of getting started with your savings. You can go with your regular financial habits and the app figures out how much can be the extra amount and move it into your savings. And, all that is done automatically so you won’t even notice it.
Is the Digit Budget App Legit?
This innovative app saves your money without you having to lift a finger.
Simply link it to your checking account, and its algorithms will determine small (and safe!) amounts of money to withdraw into a separate, FDIC-insured savings account.
Bottom line: Digit customers have saved over a billion dollars. If you are at all interested in saving money, you should be using the free Digit app.
Ultimately, the goal of Digit is to push non-savers to save money. All you need to do is sign up for the app and connect your checking account.
The app works by evaluating your financial lifestyle and spending patterns and moves the extra money to your Digit account. The amount of extra money the app automatically transfers will depend on different factors including your checking account balance, your upcoming income, upcoming bills and your recent spending.
The Digit app is free for the first 30 days. After that, you’ll be charged $2.99 monthly and you can cancel anytime. It offers a 1% annual savings bonus when you save using the app for three consecutive months.
Funds held are FDIC insured, up to $250,000 per depositor. It also enables you to make convenient transactions using your phone SMS services and allows unlimited withdrawals 24/7. When it comes to security, the app utilizes advanced 128-bit encryption to enhance protection of sensitive user information and transactions.
Pros/Cons of the Digit Budget App
Apps like Digit
Games That Pay You To Play - Yes, We're Serious
Since one of our favorite automated savings apps, Digit, announced that they would be adding a monthly fee we were looking for other comparable saving apps.
So here are other round up saving apps like Digit:
Digit App Competitors
- Qapital is a new way to bank that lets you save for the things you want, just by doing the things you do
- This app makes saving is effortless, motivating, and even a little fun.
- Rounds up change to nearest dollar and moves it into savings
- Allows specific goals to be set and named
- Invest your spare change automatically.
- Join almost 4000000 people saving and investing every day.
- Sign up in no time to save and invest more money
- Money is invested in a portfolio based on income and goals
Digit Referral Code
|Bonus: BeerMoney Readers will sign up for free! Additionally, savers will receive a 1% bonus every three months.|
Digit Budget App Summary
The Digit app can be a great platform to launch your savings habit for short-term savings goals.
The best thing about the app is that it does everything automatically for you.
If you are a non-saver the Digit app savings can help push you to become one.