Why should you care about the best money-saving apps available? Many times we have it in the back of our minds that we need to save more. So why don't we? The most common reason is that we don't have the right tools at our disposal, usually because we don't know about them.

We have so many reasons to save more money, whether it is to invest in the future, take a vacation, or pay off student loans.

However, according to research by Deloitte, the average millennial has a net worth of $8,000. That's a 34% drop since 1996 for Americans aged 18 to 35.

Today, there's more financial pressure on this age group due to higher education costs and basic expenses like housing, food, and transportation. That's why we have to be very deliberate about saving money and capitalizing on the best money saving apps available today.

The apps discussed in this article can help save money through shopping discounts and cashback, cost reductions for services, investments, and automated savings.

So, without further ado, let’s see 23 best money-saving apps that can boost your money saving skills.

Related:
Questions About Saving Money? Here are all the Answers You Need

Money-Saving Apps for Groceries and Shopping

1. Capital One Shopping

First up is Capital one shopping, offered by the bank and credit card issuer Capital One. Once you add this app to your web browser, you’re all set for saving money here and there.

Capital one shopping will let you know if there is a better alternative on another site every time you try to buy something online. You compare deals and choose the cheapest one.

Capital one shopping is partnered up with local merchants to help you earn rewards when you shop with your credit card.

The automatic couponing, on the other hand, is a lifesaver which will spare you a lot of money in the long run.

Likewise, because Capital one shopping keeps track of your browsing behavior when a product’s price drops, you’ll instantly get a notification so you can swiftly buy it.

So, if you’re an avid online shopper, Capital one shopping is one of the best money-saving apps you should try. 

Learn More:
Read our full Wikibuy Review

2. Shopkick

Are you a gift card hoarder? Then Shopkick might be your best bet.

Being one of the best money-saving apps, Shopkick lets you earn gift cards to major retailers, including Amazon, eBay, Gamestop, Nike, PayPal, Sephora, Starbucks, Target, Uber, Walmart, etc. while making you earn money with your purchases. Better yet, you don’t have to pay a single dime.

Shopkick is pretty engaging and fun, yet legit on guiding you through earning points both online and in-store shopping.

There are 6 ways to earn Shopkick Points, otherwise known as kicks.

1. Walk into Stores – You can earn kicks at the entrance when you enter their partner stores. You don't have to make any purchase.
2. Scan barcodes in-store with the in-app scanner. No purchase is necessary.
3. Purchase select items and submit your receipt through the app to earn kicks. 
4. Purchase with a linked card – When you link a card, you can earn kicks for any dollar spent at select partner stores.
5. Shopping Online – When you shop select partner stores through shopkick's portal, you earn kicks for every dollar
6. Watch in-app videos
   Bonus: Refer Shopkick to friends,

You earn $1 per every 250 kicks and earning hundreds of kicks with one transaction is a piece of cake.

Shopkick has 10,000,000+ Google Play downloads, and it has been around since 2010. It looks like they have a bit of know-how to make you earn a dime or two, don’t they?

3. Ibotta

Ibotta is a great cashback savings app that allows its users to save some money whenever they purchase something. The company is partnered with more than 1,500 different brands and retailers to promote their products while making you earn some cash whenever you shop online and in-store.

Whether you buy cereal, pet food, snacks, electronics, liquor, wine, and beer, Ibotta has got you covered. Not to mention, Ibotta has offers for travel expenses and clothing retailers for you to earn a significant dollar amount or a percentage back on your purchase.

Ibotta pays you through PayPal or Venmo, and you can even redeem your cash via store gift cards. Once your account reaches $20, you can go ahead and cash out.

It literally takes 2 minutes to set up an Ibotta account and start earning money both in-store and online shopping.

Since 2012, Ibotta has paid over $600million in cash to its users, so this app might come in handy for you too!

4. RetailMeNot

RetailMeNot is renowned for its ability to offer promo codes for online retail purchases. This app helps you find in-store and online coupon codes, even printable coupons for purchasing. Not only mammoth retailers, but they list smaller shops as well.

When you open the app, you’ll stumble upon a couple of categories. Say you have chosen pizza, the app will instantly show you the coupons from the locations that are close to you. Then all you have to do is claim the offer.

RetailMeNot features many ways to save money, and when you get the hang of it, you'll save a fortune. It is one of the best money-saving apps you can choose from, and see if it lives up to your expectations.

5. Paribus

Have you ever been in the unfortunate situation of purchasing something only to hear a price drop a few days later? This is annoying yet relatable. The sad part is most of us won't even notice when a product becomes half the original price.

When a price drops just after you’ve purchased a product, you might be entitled to have a refund of the difference. This is where Paribus comes and notifies you when there's a price drop of $3 or more. Better yet, it directly contacts the retailer to get you a refund of the difference within 3-7 days.

With Paribus you'll never miss a coupon or a price drop, and it'll keep an eye out for your order deliveries.

Automated Money-Saving Apps

6. Qapital

Qapital is another one of the best money-saving apps that are specifically made for financial consumers. This app helps you round up your purchases in real-time and saves the difference.

Qapital is a mobile money app that helps you save money based on the rules you set, your spending habits and automatically saves and/or invests money towards your savings goals or expenses you plan for.

You have the option to route your money into your Qapital savings account when you get paid. You can also reroute the spare amounts from purchases directly to your Qapital account as well.

Sit back and relax while the Qapital helps to improve your savings habits with no hidden charges. And above all, it is FDIC-protected, which means it is just like your regular savings account at a regular bank.

Learn More:
Read our full Qapital Review

7. Peak Money

Peak Money is a lot of things, but its most prominent feature is to let you set long-term or short-term goals and work for them. In other words, you can automate weekly or monthly savings towards that said goal.

The benefit of saving for a goal, say for an annual expense, is extensive. At the end of the day, that particular amount will be set aside without giving you a headache.

Not to mention with Peak Money’s round-up feature, you can save a significant amount by sending the spare amounts from your purchases directly to your Peak account.

So, giving Peak Money a look-see is a good start.

8. Digit

Digit is an app that prides itself on efficient money saving. Using a sophisticated algorithm, it scrutinizes your financial situation and calculates a reasonable amount that can be deducted from your monthly income. Then it transfers that money straight into your savings account.

All you have to do is, connect your bank account and set up savings goals.

Digit is one of the best money-saving apps that won't make you feel like your cash is going somewhere else.

9. Tip Yourself

In a nutshell, Tip Yourself is a virtual Tip Jar. Whenever you do something rewarding such as keeping yourself from purchasing ridiculous stuff or eating a healthy meal, you tip yourself. It’s that easy!

Once you set up your account, you can have a maximum of 2 Tip Jars and start tipping yourself, ranging from $1 and $250. Likewise, you can withdraw the money without any withdrawal limits.

If you want to upgrade your account to Tip Yourself Pro, you will unlock 10 Tip jars, Automated Tip Jar, Savings Challenge Tip Jar, Hidden Tip Jars, etc.

This app is literally one of the best money-saving apps you can opt for because there are no fancy features or overwhelming options. However, this app doesn’t offer interests or an option to invest money.

But the upside is, Tip Yourself is an ideal and fun app for those who need to establish more good habits while saving a buck or two.

10. Chime

Chime mobile banking app lets you set up a spending account and a debit card. This is FDIC-insured, so you don't have to worry about the safety of your funds. You can efficiently deposit your money and see all the transactions. You can track your spending as well.

With the automatic savings account, you can transfer 10% of every paycheck you deposit into Chime with no extra effort.

Likewise, when you enable the rounding-up feature, you can instantly transfer the difference from your purchases to your savings account whenever the Chime debit card is used.

Better yet, Chime doesn’t charge you foreign transaction fees, monthly minimum fees, ATM use fees, or overdraft fees. Moreover, Chime offers you over 38,000 MoneyPass and Visa Plus Alliance fee-free ATM locations. With Chime, you can get paid 2 days earlier with a direct deposit.

Money Saving Apps to Lower Bills

11. Truebill

Truebill is another one of the best money-saving apps out there, specially created to help you save money on your monthly bills. Not to mention, they support you to manage subscriptions, seek refunds, and get premium services.

One of the many services that Truebill provides is requesting the bank to refund overdraft or late fees. It also monitors if there’s an outage in your cable, internet, and phone providers.

Let's say Truebill manages to save you $400 on your bills per year. Then they will take a 40% cut, which is $160. However, compared to the savings that you’re going to get, this is pretty reasonable. If you need to save some money from negotiating bills, Truebill is definitely worth a shot.

12. Trim

Trim or A.K.A. AskTrim is the biggest rival of Truebill because they both offer similar services. However, the main feature that gives the upper hand for Trim is its fee. While Truebill charges 40% of your savings, Trim only charges you 33%.

Trim has many features, including bill negotiation, canceling unwanted subscriptions, and much more. These are different from every other run-of-the-mill financial app. Apart from negotiating bills, trim keeps an eye out for your spending patterns and finds ways to save you money.

Trim Premium comes with a savings account, helps eliminate credit card debt, sets up automatic credit card payments, and offers financial coaching.

So, give this legit, user-friendly app a try because it sure won’t disappoint you.

13. Clarity Money

This is another one of the best money-saving apps that takes control of your money-saving habits positively. For instance, say you have subscriptions that you no longer use. Clarity Money cancels them and finds out possible ways to dwindle your bill rates.

This app suggests certain credit cards that match your lifestyle, further motivating you to spend wisely. Clarity Money tracks your spending as well to ensure that you stay on your track to save money.

With a Clarity Money account, you'll be one step closer to your money-saving goal.

Money Saving Apps With High-Interest Accounts

14. Kidfund

If you are a parent on a quest to find the best money-saving app, Kidfund is exclusively for you.

If you’re worried about not setting aside enough money for your kid, Kidfund might be a good place to start. When you open up a savings account with Kidfund, you get a 3% interest rate on the first $500 you save.

Some of the other noteworthy features are auto-recurring transfers, direct cash gifts from friends and family, and gift money for the kids in need.

It is understandable if you’re too skeptical about this since you’re saving for your kid’s future. So, it is safe to say that Kidfund provides insurance for up to $250,000, has bank-level security, and 256-bit encryption.

15. Varo

Long story short, Varo will multiply your money 19 times faster. This is hands down one of the best money-saving apps for those who require a separate account to snowball their money.

According to FDIC, the average savings account APY* remains at .06%. However, when you use Varo to open an online checking and savings account, this amount will be 19 times larger.

Varo’s reliability is proven by over 750,000 people who have already signed up for Varo. So, what is holding you back?

16. Simple

Simple has been making people’s personal finance a tad easier with its features since 2012. Not to mention, it is one of the best money-saving apps that you can use especially if you’re after branchless online banking, budgeting, and saving experience.

If you opt for Simple, you have access to Built-in budgeting and saving tools, FDIC-Insurance up to the legal limit, Direct Deposit, External Account Linking, Instant Transfers to Other Simple Customers, Third-Party Payment services like Square, Venmo, and Paypal, and much more. What's more, if you have a shared account, you can split expenses as well.

Simple’s Interest Rate remains at 0.01% and they don’t charge any ATM fees.

If you’re up for a novel banking experience, give Simple a shot.

17. Rize

Rize outdoes its competitors by offering a 1.43% interest rate when you leave your money in a brokerage account. This amount is higher than most reputable banks, including Bank of America, Wells Fargo, etc.

After setting up an account with Rize, you can automate the transfers with a set goal. Then, Rize will go through your account and make the necessary transfers. You don’t need to have a minimum amount in your account to set your personalized goals. Also, you can transfer your money any time you want as well because there is no penalty.

Rize offers 2 main power-up features – Accelerate and Boost. The Accelerate feature will automatically increase your savings rate by 1% each month, while the Boost feature will monitor your account to save more money.

Money-Saving Apps with Financial Coaching

18. YNAB – You Need A Budget

If you start using YNAB, right off the bat, you’ll realize that it’s excellent for nudging you on the correct path for smart money management and financial responsibility. The app caters to modest households by providing exceptional tutorials and educational materials.

When YNAB directly connects with your financial accounts, it will take out account balances and other info in real-time and help you preserve money.

With pop-ups and tutorials, YNAB introduces its concepts for the users to familiarize themselves with the app.

YNAB secures your information, and you can even use it without your financial information. However, this way, you won't have specific budgeting benefits. According to YNAB, once you decide to leave, they will delete your information.

19. Joy

Another one of the best money-saving apps that has a different approach is Joy. This app mainly focuses on financial coaching and savings. When you purchase something, the app requests you to rate the purchase, whether it was a happy or sad experience. If the purchase was sad, Joy guides you on how to avoid those types of purchases.

Joy’s easy-to-read and contemporary financial articles are beneficial, as well. These can definitely motivate people to save more who’re prone to make good for nothing purchases.

After opening a Joy Savings account, the app discovers opportunities to transfer money into the user’s account that is FDIC-insured. You can withdraw money and close the account anytime you wish.

However, closing your account is unlikely since Joy certainly lives up to its name.

Investing Apps

20. Robinhood

Robinhood is one of the best money-saving apps, especially for mobile users who like to have Individual taxable accounts, Margin accounts, and Cryptocurrency. With this app, you can trade stocks, ETFs, REITs, options, exchange-traded funds, etc.

Overall, Robinhood is a quite user-friendly platform for both beginner and seasoned users. It takes a few minutes to set up your account and start commission-free trading. The other plus point is there is no minimum deposit to open a Robinhood account.

Although Robinhood won't rob money from the rich to give to the poor, it is renowned for commission free-trading that helps most people.

21. Twine

A long vacation, a home, emergency fund, you name it, and Twine will push you to achieve that goal in no time. This app is more beneficial for people who prefer to have a joint goal.

Say you and your partner need to save for a home. You can create 2 Twine accounts and link them to your individual bank accounts. You both can either set up a free joint account and save money with a 1.05% variable interest rate or invest your money at the cost of 25 cents per $500 invested.

So, if you’re a couple who have mutual goals, then Twine is another one of the best money-saving apps that shows a lot of promise.

22. Acorns

Acorns can round up the purchases on your credit and debit card and automatically transfer the difference to an Acorns account. This account is a part of Acorns' investing platform, and your money is invested in exchange-traded funds. You can either invest conservatively or invest larger funds according to your preference.

Acorns is partnered up with brands such as Airbnb and Blue Apron that return a percentage of your purchases. This amount gets placed in your Acorns savings account.

Acorns is one of the best money-saving apps if you need to properly manage your money.

23. Stash

Next up is Stash. With this app, you can change your passive income game massively. You can let the Smart-Stash feature withdraw money and invest accordingly after scrutinizing your income and your expenses. However, you can create a schedule to withdraw money for your investments as well.

You don’t need tons of money to get started. In fact, you can involve yourself in micro-investments such as stashing your money into over 150 ETFs and individual stocks.

Wrapping Up

There you have it! 23 of the best money-saving apps that will help you to fast track your savings and boost your finances. If you have been procrastinating to save money for your next goal, it’s time to take matters into your hands and start using one of the above mentioned awesome apps.

If you use the correct tools, saving money will not seem like the herculean task you once thought it was anymore.