Money management is a universally under-taught and under-utilised skill that is incredibly important in our everyday lives.
However, with the complications of finance, the busy reality of life and the boredom often associated with money management, many people find it hard to practise.
Not only does this lead to poor financial conditions but also leads to the wastage of money due to overspending and poor financial management.
Nevertheless, no matter what they tell you, if you really want to save money, the solution to your problems can be very simple.
As the technological world advances, the invention of money saving apps has revolutionised the way we manage money forever.
With personalised features and versatile saving strategies, money management apps are one of the best ways to save money in the 21st century.
In this article, we have brought you our top five free money saving apps to help you with all your budgeting needs.
1. Daily Budget
Starting off the list with the simplest and one of the best money saving apps, we bring your Daily Budget to help with all your basic budgeting needs.
This minimalistic app simply breaks down your daily budget and provides you with the perfect way to achieve your money saving goals.
After calculating your day-to-day expenses, based on your income, the app gives you a budget to follow in order to achieve your savings targets. This way you can begin focusing on your savings with a more calculated, concrete and realistic approach.
2. Toshl Finance
Toshl Finance is one of the extremely helpful free budgeting apps that creates a brilliant personalised budget for you.
Based on your income, expenses and goals, the app creates a perfect plan to organise your finances over a set time frame. Whether you need a daily budget, a weekly budget or a monthly budget, you can have it all here.
By precisely entering all your income and expenses into the app, you can get the most accurate budget to save money and better manage your finances.
3. Level
An all-round budgeting app that syncs with your savings account and gives you real-time updates on your spending status.
Moreover, the app also analyses your average spend to let you know whether or not your spending habits are sustainable. If not, the app lets you know that you need to reel in your expenses.
Within the insight section, you can track specific spending habits and understand where you’re overspending. This not only helps you keep track of your overspending habits but also helps you prevent the wastage of money.
4. Digit
Digit, like Level syncs with your bank account to provide you with daily SMS updates regarding your bank balance.
Furthermore, it also allows you the option to check your debits from the previous day in an attempt to help you understand your spending patterns.
The app enables automatic savings by transferring a set amount of your income into your savings account (with your permission, of course). This in turn allows you to develop a savings nest egg over time.
5. Mint
Finally, Mint, one of the largest and most popular apps to save money, brings you a huge set of features that can help you maintain your budget.
With automated bill reminders to avoid late payments, free credit scores and top-level transaction management features, Mint takes our #5 spot.
The app helps you keep track of your daily spending and organises your finances to provide you with a bird’s eye view of your money.
Choose Salad Money For Fair and Affordable Personal Loans
With a list of the best money saving apps in the country, find the most suitable one for you and start saving money today.
However, in these trying times, if you find yourself in need of some emergency money, you can rest assured that Salad Money is here for you.
With our fair affordability assessment system, we aim to provide all employees with the best personal loans, regardless of their credit score.
At Salad Money, we recognise that the traditional credit score system can be an unfair way of assessing your creditworthiness.
Hence, with our More Than Your Score Loans, we are here to help you with access to credit.
For more financial tips and insights, take a look at our blogs and for fair personal loans contact us now!
