Saving money regularly may prove to be difficult, but with the emergence of digital solutions, automating your savings has never been simpler. In India, there are a number of apps that assist users in saving money easily, either by rounding up spare change, scheduling regular deposits, or investing in virtual assets. Here’s an in-depth review of some of the best apps that can assist you in automatically saving money.
1. JAR – Micro-Savings in Digital Gold
Jar is a micro-savings platform that rounds up your transactions throughout the day and invests the change in digital gold. Suppose you purchase something for ₹38. Jar rounds it up to ₹40 and the difference of ₹2 is saved and invested in gold.
Main Features:
- Round-up savings automatically.
- Investments in 24K digital gold.
- Daily, weekly, or monthly flexible savings plans.
- Easy-to-use interface for beginners.
2. FI MONEY – Intelligent Banking with AutoSave
Fi Money, along with Federal Bank, provides an extensive platform for finance management. It serves basic everyday banking requirements as well as high-end investment needs.
Main Features:
- Smart Deposit feature to create flexible savings solutions.
- UPI integration for easy transactions.
- Investment in mutual funds and US stocks.
- Customized financial tracking and insights.
3. DECIML– Invest Spare Change in Mutual Funds
Deciml is yet another micro-savings app, but it invests the spare change in mutual funds rather than gold. Similar to Jar, Deciml rounds up each purchase you make to the nearest 10 and invests the remainder.
Main Features:
- Automated mutual fund investments.
- Easy-to-use interface for tracking.
- Suitable for mutual fund investment beginners.
4. GULLAK – Automated Savings with a Traditional Touch
Gullak provides a platform that combines digital saving with traditional saving culture. It facilitates automatic payments, reminder setting, and saving on daily spends.
Main Features:
- Scheduled payments for automatic savings.
- Reminders to maintain regular saving practices.
- Facilities to invest in safe instruments.
5. PIGGY BANK – Visualize Your Savings Goals
Piggy Bank is a money-saving app that assists users in saving money by enabling them to set and see their savings targets. The users can keep track of their savings as well as withdrawals, and it gives a proper picture of their savings progress.
Main Features:
- Set and monitor several savings goals.
- Visual display of savings progress.
- Promotes organized saving behavior.
HOW TO SELECT THE RIGHT APP FOR YOU?
In choosing the right money-saving app, think about the following:
- Savings Method: Would you like to save by rounding up purchases, setting a fixed amount, or investing in something such as gold or mutual funds?
- Investment Options: Some apps provide investment options, while others are purely for saving.
- User Experience: Select an app with an interface that you find easy to use and intuitive.
- Security: Make sure the app has strong security features to safeguard your financial information.
CONCLUDING REMARKS
Savings automation can make a huge difference in your financial discipline and make you reach your financial goals with little effort. If you’re interested in investing in digital gold, mutual funds, or even saving spare change, there’s an app that suits your needs. Begin with one that matches your financial routine and goals, and take the first step toward a more secure financial future.