8 budget apps that save you money

Jun 3, 2019, 7:00 AM | Updated: Oct 4, 2019, 10:34 am
Budget apps...
KSL Newsradio's Dave & Dujanovic share their favorite apps to save money. (Image: Pxhere)
(Image: Pxhere)

This $1,000 Challenge about budget apps is Presented by Zip Mortgage powered by Zions Bank. Visit *Loans subject to credit approval; terms and conditions apply. A division of Zions Bancorporation, N.A. Member FDIC.  Equal Housing Lender. NMLS# 467014.

In the digital age, saving money is easier than ever. There are countless budget apps designed to streamline your saving process and put the money aside for you, all without forcing you to spend a minute going over your finances on your own.

So why is it that 60 percent of Americans still don’t have $1,000 set aside for an emergency?

KSL Newsradio’s Dave & Dujanovic are calling on their listeners to complete the $1,000 Challenge and get that emergency fund set aside. And to help, they’ve put together a list of the some of the best budget apps that’ll get you there.

1. Acorns

Acorns budget apps

(Image: Acorns)

Acorns automatically rounds up your purchases to the nearest dollar and puts the spare change into an investment account that earns interest. If you buy a meal for $8.25, for example, it’ll automatically deposit $0.75 into your account to help you save.

KSL’s Dave Noriega, who has already used the app to set aside an emergency fund worth several thousands of dollars, swears by it. “I love these round-ups,” he says. “It’s easy! I don’t even notice the money’s gone.”

Available on Google Play and the iTunes App Store.

2. Qapital

Qapital budget apps

(Image: Qapital)

Qapital lets you set up your own rules that will make money automatically transfer into your savings account. For example, you could tell the app to transfer $5 into your savings every time you purchase a cup of coffee.

The app also makes it easy to organize that money by letting you label accounts with names like “vacation,” “new car,” or “emergency fund” and a savings goal for each one.

“I upped the ante,” KSL’s Debbie Dujanovic told Noriega, comparing her use of Qapital to his use of Acorns. “Every time I buy something, it rounds up to the nearest two dollars. And on top of that, I do two dollars a day.”

Available on Google Play and the iTunes App Store.

3. Digit

Digit budget apps

(Image: Digit)

Digit does the budgeting for you. You tell it your salary and your goals, and its algorithms automatically calculate an appropriate amount of money for you to invest each day and transfers it into your savings account.

The app doesn’t just transfer the same amount each day. Instead, it follows how much you’ve been spending and figures out what you can safely put aside so that you don’t have to think about it.

Available on Google Play and the iTunes App Store.

4. Chime

Chime budget apps

(Image: Chime)

Chime is a full-on bank working through a smartphone app. They offer a Visa Debit Card, a Spending Account, and a Savings Account to all of their customers, without service fees, minimum balances, or overdrafts.

Available on Google Play and the iTunes App Store.

5. You Need A Budget

You Need A Budget apps

(Image: You Need A Budget)

YNAB (You Need A Budget) is meant to help you learn how to keep your finances in order. It synchronizes all of your bank accounts and uses the information to help you set goals and meet them.

The app runs on four rules: give every dollar a job, embrace your true expenses, roll with the punches, and age your money. Users who follow those rules, the creators say, save more than $6,000 in the first year alone.

Available on Google Play and the iTunes App Store.

6. Mint

Intuit Mint budget apps

(Image: Intuit)

Mint focuses on tracking your budget. It brings together your bank accounts, credit cards, bills, and investments so that you can look at everything in a single place.

The app makes it easy to see how much you’ve spent each money, how your spending breaks down, and lets you know whether you’re on track to stick to your budget or if you’re about to go overboard.

Available on Google Play and the iTunes App Store.

7. Pocketguard

Pocketguard budget apps

(Image: Pocketguard)

Pocketguard synchronizes your bank accounts to let you know how much you can safely spend each day to make sure you don’t run out of money before your bills come due.

The app also looks at how you’re spending your money and gives tips on ways you can cut down your budget, such as switching to cheaper wireless providers and getting a higher interest rate for your savings.

Available on Google Play and the iTunes App Store.

8. Goodbudget

GoodBudget budget apps

(Image: GoodBudget)

Goodbudget is modeled on the “envelopes” system of saving. It lets you set a monthly budget for groceries, for eating out, and for anything else you might need to keep in check, then helps you make sure you don’t go over.

Available on Google Play and the iTunes App Store.

The $1,000 Challenge

Join the $1,000 Challenge Facebook group to see other brilliant ideas on how to get your budget in check and to be a part of a tribe that’ll encourage you every step along the way.

And tune into Dave & Dujanovic every day from 9 a.m to noon on KSL Newsradio 102.7 FM / 1160 AM for financial tips and tricks Monday through Thursday.

Dave & Dujanovic can be heard weekdays from 9 a.m. to noon on KSL Newsradio. Users can find the show on the KSL Newsradio website and app, as well as Apple Podcasts and Google Play.

affordable care act

Today’s Top Stories

Business + Economy

Both Utah rail workers and Utah farmers expressed relief that a threatened rail strike was averted ...
Hugo Rikard-Bell

Union Pacific, Utah farmers, relieved threat of strike has passed

Union Pacific Railroad representatives said claims about days off, made by workers threatening to strike, were outright false.
1 day ago
The owners of long-time local favorite, Hell's Backbone Grill and Farm, thought they would have to ...
Hugo Rikard-Bell

Fiercely self-sufficient Hell’s Backbone cafe owners turn to public for help

The Hell's Backbone Grill and Farm owners were persuaded by friends and supporters to not give up. It looks to have worked.
1 day ago
A new Utah population estimate finds that most of the people that moved to or within Utah between J...
Simone Seikaly

Utah population update: 60K+ people have moved here since 2021

The Utah population spike noted this year is the greatest increase in 16 years. However, growth is expected to decline going forward.
1 day ago
Help wanted sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022.  The number of availab...
Alicia Wallace, CNN Business

US economy added a robust 263,000 jobs in November

The unemployment rate held steady at 3.7%, according to the latest monthly jobs snapshot from the Labor Department, released Friday morning.
1 day ago
making way for The Point, a guard tower is knocked down as part of the old state prison's demolitio...
Aimee Cobabe

As the old state prison goes down, development of The Point begins

The Point will take about two decades for developers to finish, but leaders in the project are optimistic that the planned community will be worth the wait.
3 days ago
Former Governor of Utah, Gary Herbert speaks at the start of demolition at the old Utah State Priso...
Aimee Cobabe

Demolition begins at the old Utah State Prison in Draper

It took years to get the Utah State Prison to this point. Now, the site will be repurposed and built into a so-called "15-minute community."
4 days ago

Sponsored Articles

Spicy Homemade Loaded Taters Tots...

5 game day snacks for the whole family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...

The best tools for Deaf and hard-of-hearing workplace success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
christmas decorations candles in glass jars with fir on a old wooden table...
Western Nut Company

12 Mason Jar Gift Ideas for the 12 Days of Christmas [with recipes!]

There are so many clever mason jar gift ideas to give something thoughtful to your neighbors or friends. Read our 12 ideas to make your own!
wide shot of Bear Lake with a person on a stand up paddle board...

Pack your bags! Extended stays at Bear Lake await you

Work from here! Read our tips to prepare for your extended stay, whether at Bear Lake or somewhere else nearby.
young boy with hearing aid...

Accommodations for students who are deaf and hard of hearing

These different types of accommodations for students who are deaf and hard of hearing can help them succeed in school.
8 budget apps that save you money