Apps to Automate Savings from Side Income
Earning side income is a great way to boost your finances, but saving a portion of that extra cash can be challenging. With busy schedules and competing priorities, it’s easy to forget to set money aside. Fortunately, there are apps designed to automate savings, making it effortless to grow your savings without even thinking about it. These tools are perfect for anyone looking to build a financial cushion or work toward long-term goals.
In this article, we’ll explore some of the best apps to automate savings from side income. These apps are user-friendly, affordable, and perfect for busy individuals who want to save effortlessly.
Ready to start saving smarter? Keep reading to discover the best apps for automating your savings!
Digit
Digit is a popular savings app that uses algorithms to analyze your spending habits and automatically transfer small amounts of money into a savings account.
With Digit, you can set specific savings goals, such as building an emergency fund or saving for a vacation. The app ensures you save consistently without impacting your daily expenses.
Digit also offers a no-overdraft guarantee, so you never have to worry about over-saving.
Why Digit Works for Side Income
• Automatically saves small amounts based on your spending.
• Helps you set and achieve specific savings goals.
• No overdraft fees or risks.
• Offers a 0.10% annual savings bonus.
Qapital
Qapital is a goal-based savings app that allows users to create custom rules for saving money. It’s perfect for side hustlers who want to automate savings while staying motivated.
With Qapital, you can set rules like rounding up purchases to the nearest dollar or saving a percentage of your side income. The app transfers the money into a dedicated savings account.
Qapital also offers FDIC-insured accounts to keep your savings secure.
Why Qapital is Great for Side Income
• Customizable savings rules to fit your lifestyle.
• Helps you save for specific goals like vacations or emergencies.
• FDIC-insured accounts for added security.
• User-friendly interface with no fees for basic plans.
Chime
Chime is an online banking app that offers an automatic savings feature called “Save When You Get Paid.” It’s ideal for side hustlers who want to save a portion of their earnings effortlessly.
With Chime, you can set up automatic transfers to your savings account every time you receive income. The app also offers a high-yield savings account to grow your money faster.
Chime has no hidden fees and provides early access to direct deposits.
Why Chime Works for Side Income
• Automatically saves a percentage of your income.
• Offers a high-yield savings account for better returns.
• No hidden fees or minimum balance requirements.
• Early access to direct deposits for added convenience.
Acorns
Acorns is an investment app that rounds up your purchases and invests the spare change. It’s perfect for side hustlers who want to save and invest simultaneously.
With Acorns, you can link your bank accounts and credit cards to automatically invest small amounts of money. The app also offers recurring investment options for side income.
Acorns provides portfolio options based on your financial goals and risk tolerance.
Why Acorns is Valuable
• Automatically invests spare change from purchases.
• Offers recurring investment options for side income.
• Diversified portfolios tailored to your goals.
• Low fees starting at just $1 per month.
Conclusion
Automating savings from side income is a smart way to build wealth without extra effort. Whether you choose Digit, Qapital, or Acorns, these apps make it easy to save consistently and achieve your financial goals.
FAQ Section
1. Are these apps free to use?
Many apps offer free versions, while others have affordable subscription plans for advanced features.
2. Can I use these apps for multiple income streams?
Yes, these apps allow you to automate savings from all income sources, including side hustles.
3. Are my savings secure with these apps?
Most apps use FDIC-insured accounts or secure investment platforms to protect your money.
4. Which app is best for beginners?
Digit and Chime are great options for beginners due to their simplicity and automation features.
Conclusion
Using apps to automate savings from side income is a smart way to grow your wealth, reduce financial stress, and achieve your goals. With so many options available, there’s no better time to start than now.
