This post may contain affiliate and/or referral links to products or services, but only things that I truly love, have tried and recommend. See my disclosure policy here.
I recently came across an app called Digit that looks at your bank account and runs it’s algorithms and seeks out how much it can safely squirrel away into a savings account. I like to consider it the Sherlock Holmes of savings. So far I have saved over $430 since Christmas… And I don’t even miss it!
My favorite part about Digit?
It is super easy to set up! No emails or passwords to remember. You set everything up via text on your cell!
Plus they offer low balance protection and will let you set a threshold where you can automatically have Digit transfer the money back to your checking account. Or you can set a checking account minimum and when your checking account hits that amount, Digit will stop saving money.
You can create any kind of savings goal you want – – an emergency fund, Christmas savings, student loan or credit card debt… (or if you’re like me, even a Starbucks fund!)
What I also love about Digit is they communicate with you and let you know how much they’re going to take out. They also let you know how much is currently in your checking account.
Digit has shown me that on average I can save about $25 per week… my budget allows it!
Automatically saved over $430 in just almost 4 months!
It’s easy to withdraw money when you need it. Just make a request to transfer to your checking account.
I’m using my digit account as a ‘gifts/giving/fun’ money savings account. So I have money for birthday gifts, money to give to someone in need, or to finally buy that bedroom dresser from Ikea that I’ve been wanting!
Is Digit safe?
Personally, I was a little wary about giving them access to my checking account, but they use 256-bit encryption to protect the transmission of your data to their site, so they are secure. AND your funds are held in FDIC insured banks up to a balance of $250,000.
How much does Digit cost?
You can try out Digit FREE for 30 days. After that, it costs $2.99 per month, which is automatically withdrawn from your checking account.
So give Digit a try and see how much you can save in 30 days!
Click here for more money saving ideas!
Use Digit to pay off credit card debt with Digit Pay!
This is a great way if you’re not so self-disciplined to pay off credit card debt. Basically, all you do is create a “pay off credit card debt” goal and then Digit Pay squirrels away money and once a month pays that extra money toward your credit card debt. How cool is that?! Click here for details!
I haven’t tried Digit Pay yet, but if you decide to try it please let me know what you think!