You want to give your savings account a significant boost. Well, look no further than your computer screen. Take a look at some of the simple online tools that can help you save more money.
If you want to build up your savings, you need to make a budget. Otherwise, you’re going to be guessing how much you can afford to move into your savings account every single month. When you miss the mark, you’ll have to sabotage your savings goals and move some money back into your checking account to pay for essentials like rent and utilities.
A budget will show you exactly how much you can save every month. It can also encourage you to find ways to cut your spending in order to reap more savings, helping you reach your goals even faster. So, you should download one of the top budgeting software apps on your computer or smartphone as soon as possible.
Change Round-Up Apps
There are plenty of apps that can help you save effortlessly. These apps automatically round up purchases that you make on your debit card to the nearest dollar and send the difference to your savings account. Every time you spend, you save just a little bit.
What apps do this? Apps like Acorns, Chime and Qapital can all help you collect your change and build your savings faster.
Browser Extensions for Online Shopping
If you’re not sure how to trim down the expenses in your budget, you should look into browser extensions for online shopping. These find coupons and discount codes to bring down your final bill at the digital checkout. They can also help you compare prices with other sites so that you know that you’re always getting the best deal.
What browser extensions can you get for online shopping? Here are some options:
- RetailMeNot Deal Finder
Are There Online Tools for When You Don’t Have Enough Savings?
There may be moments when you don’t have enough savings stashed away, even though you really need them. Think of small emergency situations, like when you need to rush to the dentist to replace a missing filling or when you need to call a plumber to fix your overflowing toilet. You can’t ignore these problems until your next paycheck comes in. You need to react right away.
So, what can you do?
Get a Line of Credit
You could apply for a personal line of credit. If you’re approved for this open-end credit tool and your account is in good standing, you can withdraw funds within your credit limit. Those funds will quickly get deposited in your bank account. Then, you’re free to use them. Go to the website CreditFresh to see whether you meet all of the qualifications for a personal line of credit and then send in your application. It could help you get through an emergency in a short amount of time.
Ask for an IOU
You can always turn to a friend or family member for help. Use one of the top money transfer apps to request funds from someone you know. If they’re happy to oblige, they can send you that amount immediately. Once you’ve dealt with the emergency expense, you can use the exact same money transfer app to repay them.
Growing your savings doesn’t have to be hard. You can download a handful of apps and reach your savings goal in no time.