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Saving Money Is Hard for You? These 6 Apps Can Make It 10 Times Easier

Saving Money Is Hard for You? These 6 Apps Can Make It 10 Times Easier

Budgeting is hard. It’s time-consuming and requires you to face the fact that you spend money. And often times, the money you’re spending could have been saved. Do you really need that six dollar latte? Do you have to have that scarf that you will wear one time and then forget about? No, I don’t think so.

But often times, we get caught up in a moment and use money that would have been better spent in a savings account or going toward credit card debt. After all, statistics show each household with a credit card carries more than $15,000 in credit card debt.[1] So why are we racking up more bills? When smartphones starting making a big appearance in our world, the phrase you heard so often was, “there’s an app for that.” And, well, there is!

Self-control just doesn’t work when you spend money? Technology can give you a helping hand!

While it will require a small learning curve sometimes, and while it does mean you have to pay attention to your spending and track your habits, using money saving and budgeting apps can do wonders for your bank accounts. If you can get into the habit of turning to some of these apps before handing over your credit or debit card to the cashier at your favorite clothing store of coffee shop, you may find yourself with a healthy savings account, and potentially even some “leftover” money!

The following apps will be rated on the same scale and look at uniqueness and personalization, price, usability and appearance. If you’ve used any apps on or off this list with success, be sure to share!

Acorns

    This app is incredibly user-friendly, and the concept is simple: Automatically invent spare change from every purchase. So let’s say you go to Starbucks and buy a coffee for $3.24. You would be $0.76 away from an even $4.00 purchase. So Acorns applies that difference to your account. Boom, you just invested $0.76. You can even set up recurring investments, such as $5.00 a day. This simple savings can add up to about $2,000 a year. And if you have a 401k or another type of savings already, imaging the benefits you’ll reap by investing just $35 a week on top of that![2]

    Uniqueness and Personalization 10/10

    I love this app for everything it represents! It couldn’t be more personalized, since it is going directly off of your purchases.

    Price 10/10

    Acorns is free!! I try to stay away from money saving apps that cost me money, as I feel like it defeats the purpose!

    Usability 10/10

    I know I’m giving this app a perfect score, but I believe it deserves it. Acorns really makes saving money simple and at no point does it feel intimidating or confusing.

    Appearance 10/10

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    Acorns is bright, clean and easy to read and understand. I like to look at it and therefore, I’m prone to use it more.

    Mint

      I personally love this app. For me, it serves a great purpose because I can see all of my accounts, bills and budgets in one place. If you, like me, have more than one credit card and multiple recurring subscriptions, it’s really helpful! You can also link your savings accounts, 401k, IRA, and even see your net worth. It’s secure and free and gives you a (fairly accurate) free credit score regularly. Oh, and if you are one of the rare people who use cash only, you can still use Mint, you just have to manually enter in your transactions.[3]

      Uniqueness 8/10

      I’m not giving Mint a perfect score, because I think there are plenty of ways to budget, be it an Excel spreadsheet, paper and pen or an app, but I did rate it high because it’s one of the most convenient out there.

      Price 10/10

      Mint is free, and I love that. It truly gives you no excuse to not save money!

      Usability 7/10

      I’m giving this a 7 because even though I use this app regularly, I do find that sometimes it gets a little hung up. One of the nicest features is being able to see your money flow in real-time, but occasionally I have to refresh a handful of times before it’s actually current. It’s not a big deal, but it is a little annoying.

      Appearance 7/10

      Mint’s website is great. It probably would’ve gotten a 10, but the app is set up just a little differently, and it’s enough to knock the score down.

      Prosper Daily

        This app is also known as BillGuard, and it’s not only helpful for saving and spending, but also for making sure you are the only one with access to your hard-earned money. Like the other apps, you can track all your accounts in one place and see what you’re spending, but Prosper Daily also allows you to quickly identify fraudulent charges. You can also check your credit score as often as you like, but please note that free credit scores are not always accurate. They do tend to be in the ballpark though, so they are helpful for getting an idea of where you are and measuring success.

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        Uniqueness 9/10

        While this app isn’t especially unique overall, I scored it high because I love the fact that it flags suspicious activity. This can be more helpful than hoping your credit or debit card company catches something. Awareness is key!

        Price 10/10

        This is yet another free app, so it gets a perfect score from me.

        Usability 9/10

        Easy to understand and simple enough to use.

        Appearance 9/10

        Nice, clean graphics and helpful charts.

        Ibotta

          I’m obsessed with this app. Seriously.

          For a while, my friends probably thought I was being paid to advertise for this company, because I could not stop talking about it! Ibotta is a rebate app for groceries.[4] Some of the cash back amounts are small (think $0.25), and some are upwards of $5.00. To date, I’ve made over $100 on the groceries I needed to buy anyway! If you use code edbmoql when you log in, you’ll get $10 right away! Not a terrible bribe, huh?

          Uniqueness 10/10

          While there are a handful of grocery rebate apps (and yes, I have about all of them) Ibotta remains the most unique to me because it offers so much. Not only can you earn cash by getting groceries, but you can also get rebates at certain restaurants and retailers.

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          Price 10/10

          This one deserves beyond a perfect score. I mean, you’re paid to download it!!!

          Usability 10/10

          Some rebate apps/sites send a check via snail mail. While I’m always happy to receive money, I hate to wait for it! Ibotta let’s you send the money straight to Venom or Paypal once you reach $20.

          Appearance 10/10

          Easy to see, understand and use. Perfect score from me.

          Walmart Savings Catcher

            This app is great if you buy all of your groceries and household items at Walmart, because the savings will add up quickly. This isn’t a coupon app, but almost a rebate app! It works like this: scan the barcode of your Walmart receipt in the app and watch your earnings begin. It’s that easy. If the app finds any of the items you purchased at a better price, they pay you the difference on a Walmart gift card. Plus, the savings catcher is built into the regular Walmart app, meaning you can also reorder prescriptions, order online and check out sales.

            Uniqueness 10/10

            I think it’s very unique that Walmart did this, as it really shows how much they wanted to keep their customers. They already price-match, but this app goes a step further by making sure you, as the customer, really did pay as little as possible for the items you needed.

            Price 10/10

            Free app = perfect score.

            Usability 7/10

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            I’m only giving this a 7 because you have to remember to scan your receipt every time. I know it’s like this with any rebate/savings app, but for some reason this app is the hardest for me to remember to use.

            Appearance 8/10

            This app is nice enough to look at, and it serves its purpose.

            Cartwheel

              Last, but certainly not least, is the app for Walmart’s competitor, Target. The Cartwheel app also allow you to browse and shop through the Target site, but I love it for it’s coupons! While I have been known to clip and print coupons in the past, if I’m going to Target, all I need is my smartphone. Cartwheel allows you to “clip” coupons (ranging from dollar amounts to percentages) by selecting them. They are all added to your personalized barcode which is scanned by the cashier at checkout. There is something so satisfying about watching your total drop after the beep of that scanner gun!

              Uniqueness 9/10

              I don’t know that coupons in an app are especially unique, but I rated Cartwheel high because I love how it’s done. While you don’t get cash back, you do get so see how much you’ve saved.

              Price 10/10

              Cartwheel costs $0.00.

              Usability 10/10

              This app is so easy to navigate and use. The only issue I’ve ever had was if I lost signal in the store. I especially love the option to scan the item’s barcode in the store to instantly check if it’s on sale!

              Appearance 10/10

              Clean and simple to understand, view and read.

              Reference

              More by this author

              Heather Poole

              Technical writer

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              Last Updated on December 7, 2018

              10 Steps For Success: Applying The Power Of Your Subconscious Mind

              10 Steps For Success: Applying The Power Of Your Subconscious Mind

              How big is the gap between you and your success?

              What is the difference between successful people and unsuccessful people?

              It is as simple as this: successful people think and talk about what they are creating, and unsuccessful people focus on and talk about what they’re lacking.

              So how do you bridge that gap between wanting success and having your success? Let’s make an important distinction. You see, there is a big difference between “Wanting” and “Having” something.

              Wanting: means lacking or absent. Deficient in some part, thing or aspect.

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              Having: means to possess, to hold, to get, to receive, to experience.

              You can have one OR the other, but not both at the same time with any particular object of your desire. You either have it or you don’t.

              When it comes to your subconscious, if you’re focusing on the “wanting”, i.e. the not having, guess what, you will build stronger neural networks in your brain around the “wanting.” However, through the power of your subconscious mind, you can focus on the “having” as if it has already happened. Research has shown that your brain doesn’t know the difference between what you’re visualizing inside your mind versus what is happening out there in your reality.

              This is a regular practice of elite athletes. They spend as much timing creating the internal mental imagery of their success playing out as they do actually physically practicing. This helps create both the neural pathways in their brain and the muscle memory to consistently deliver on that success.

              Here are 10 “brain hack” steps for success that you can take to create your version of a happy life. Make these steps a regular habit, and you will be astonished at the results.

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              Step 1: Decide exactly what you want to create and have

              This is usually the biggest problem that people have. They don’t know what they want and then they’re surprised when they don’t get it.

              Step 2: Write down your goal clearly in every technicolor detail

              A goal that is not written down is merely a wish. When you write it down in full detail, you signal to your subconscious mind that you really want to accomplish this particular goal.

              Step 3: Write your goal in simple, present tense words

              …that a three year old can understand on a three-by-five index card and carry it with you. Read it each morning after you awake and just before you go to sleep.

              Step 4: Backwards planning

              See your goal achieved and identify all the steps required that it took to bring it to life. Making a list of all these steps intensifies your desire and deepens your belief that the attainment of the goal is already happening.

              Step 5: Resolve to take at least one step every day from one of the items on your list

              Do something every day, even if it is just one baby step, that moves you toward your goal so you can maintain your momentum.

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              Step 6: Visualize your goal repeatedly

              See it in your mind’s eye as though it were already a reality. The more clear and vivid your mental picture of your goal, the faster it will come into your life.

              Step 7: Feel the feeling of success as if your goal were realized at this very moment

              Feel the emotion of happiness, satisfaction, and pleasure that you would have once you have achieved your goal. Visualize and feel this success for at least 20 seconds at a time.

              Step 8: “Fake it till you make it!”

              Confidently behave as if your subconscious mind was already bringing your goal into reality. Accept that you are moving toward your goal and it is moving toward you.

              Step 9: Relax your mind

              Take time to breathe, pray or mediate each day. Disengage the stress response and engage the relaxation response. A quiet state of mind allows your brain to access newly formed neural pathways.

              Step 10: Release your goal to your subconscious mind

              When you turn your goal over to the power of the universe and just get out of the way, you will always know the right actions to take at the right time.

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              Starting today, try tapping into the incredible power of your subconscious mind.Start with just one goal or idea, and practice it continually until you succeed in achieving that goal. Make it a game and have fun with it! The more lightly you hold it, the easier it will be to achieve. By doing so, you will move from the “positive thinking” of the hopeful person to the “positive knowing” of the totally successful person.

              Hit reply and let me know what you’re creating!

              To your success!

              Featured photo credit: use-your-brain-markgraf via mrg.bz

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