Save Money Without Thinking? Yep, Sign Me Up.

savedplus app

You know how when taxes are automatically pulled from your check it doesn’t really seem like you’re missing out on that money since you never saw it in the first place? Yeah, that’s kind of cool in a weird way because while paying taxes stinks because you can’t spend your money the way you want it IS nice that you don’t have to write out a check every two weeks to pay what you owe. This app, SavedPlus, works in a very similar way. Had I known about this app back when I wrote the post 16 Apps that Will Help Make Your Life More Efficient and Help You Save Money I definitely would’ve included this one in the list.

In a nutshell, this is how SavedPlus works:

  • Get the app on your phone (available on iOS, Android, or through the internet if you don’t have one of those devices).
  • Fill out all the info and set up your bank account.
  • Set your goal. Want to pay off your debt? (YES!), want to get money into an emergency account?, want to remodel your kitchen?, all those options are available (plus a ton more). You can even upload a picture of your goal for added motivation which I think is a cool touch.
  • Then, decide how much you would like to save (it defaults to 5% but I would do at least 10%, if you can).
  • When you make purchases your bank and the app basically have a chat and 10% (or whatever percentage you chose) gets automatically transferred from your checking account to your savings account. The app allows save money as you spend by working like a “self-tip”. The app transfers a percentage of every purchase to a destination account (goal) of your choice.

That’s it! You set it and forget it. Other stuff you should know about:

  • Luckily, the app developers are smart and built in an overdraft protector so if your balance falls below a certain amount a transfer won’t be initiated if the balance from the funding account (typically your checking account) is not sufficient.
  • In their latest release (currently available only on iPhone) you can now open up an FDIC insured IRA account with one click and start saving to it automatically.

Anything that helps to make saving easy and painless is a win in my book!

This is a sponsored post but as always, my opinions are my own. Thanks for supporting the companies that help to make this site possible! xo!

5 comments

5 thoughts on “Save Money Without Thinking? Yep, Sign Me Up.

Leave a Reply

Your email address will not be published. Required fields are marked *

  1. Sarah

    Just went to download this app because it sounds amazing and I’m saving for a big trip but found out it only works for the US :-(

    Reply
  2. Marie

    Thanks for the review, I already downloaded this one and I’m still exploring it. I know it would be a great help in saving money.

    Reply
  3. picturo

    Just an fyi– they do not yet work with USAA bank. They are hoping to fix that by the 3rd quarter of this year.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *