Automating your savings has never been easier, thanks to a new generation of tech tools designed to help you build wealth with minimal effort. Whether you struggle to set aside money or simply want to streamline your finances, these apps and platforms use artificial intelligence, smart algorithms, and automation to move money into savings accounts—often without you even noticing. Here’s how technology is transforming the way we save, and which tools can help you reach your financial goals faster.
Why Automate Your Savings?
Saving money consistently can be challenging, especially with busy schedules and unexpected expenses. Automation takes the guesswork out of saving by moving money for you—no willpower required. Many of today’s tools analyze your spending patterns, identify safe opportunities to save, and transfer small amounts into your savings account or investment portfolio. Over time, these small, regular contributions can add up to significant savings, helping you build an emergency fund, save for a big purchase, or invest for the future.
Top Tech Tools to Automate Your Savings
1. Chime
Chime is a popular banking app that offers built-in automated savings features. With Chime, you can round up your debit card purchases to the nearest dollar and automatically transfer the difference into a high-yield savings account. You can also set up automatic transfers from each paycheck, ensuring you consistently put money aside. Chime’s accounts are FDIC-insured and come with no monthly fees, making it a solid option for those starting their savings journey.
2. Acorns
Acorns is a micro-investing app that helps you save and invest your spare change. Every time you make a purchase, Acorns rounds up the transaction and invests the difference in a diversified portfolio. You can also schedule recurring deposits to boost your savings. While Acorns charges a monthly fee, its hands-off approach and investing features make it a favorite for beginners looking to grow their money over time.
3. Albert
Albert uses AI to analyze your income, spending, and bills, then automatically moves money into savings when you can afford it. The app also offers access to human financial advisors for personalized advice. Albert’s automation means you don’t have to worry about timing or amounts—the app does the heavy lifting, helping you save without feeling the pinch. There’s a free version and a paid “Genius” subscription for added features.
4. Cleo
Cleo stands out for its engaging, chatbot-style interface. It tracks your spending, sets budgets, and runs daily savings challenges to keep you motivated. Cleo’s personality makes saving fun, and its automation ensures you’re always making progress toward your goals. Basic features are free, with premium options available for more in-depth financial planning.
5. Plum
Plum uses AI to assess your finances and move small amounts of money into savings automatically. It can also help you invest and offers features like bill monitoring to help you find better deals. Plum’s “invisible saving” approach means you’re less likely to notice the money leaving your account—until you see how much you’ve accumulated.
6. Qapital
Qapital lets you set up personalized rules to trigger savings. For example, you can save a set amount every time you buy coffee or reach a fitness goal. The app supports shared goals, making it great for couples or families. Qapital’s automation and customization options help you build savings in a way that fits your lifestyle.
7. Oportun
Oportun (formerly Digit) analyzes your cash flow and automatically transfers small, safe amounts into savings. It’s designed for people who want to save consistently without thinking about it. Oportun partners with FDIC-insured banks, so your savings are protected, and the app offers a free trial before a monthly fee kicks in.
How to Choose the Right App
When selecting an automated savings tool, consider your goals, budget, and preferred level of engagement. Some apps, like Chime and Acorns, focus on rounding up purchases, while others, like Albert and Plum, use AI to analyze your finances and save what you can afford. Look for features that match your style—whether you want a hands-off approach or interactive challenges to keep you motivated.
Also, pay attention to fees. While some apps are free, others charge monthly subscriptions, so weigh the benefits against the cost. Many apps offer free trials, so you can test a few before committing.
Getting Started
To start automating your savings:
- Choose an app that fits your needs and connect it to your bank account.
- Set your savings goals—emergency fund, vacation, or investing.
- Let the app do the work, but check in periodically to monitor your progress and adjust goals as needed.
Ramp Up Your Savings
Tech-powered savings tools are making it easier than ever to build healthy financial habits. By automating the process, you can save consistently, reduce stress, and make meaningful progress toward your goals—all with just a few taps on your phone. Whether you’re saving spare change or investing for the future, there’s a tool out there to help you succeed.