Saving and investing money is important for building a strong financial future, but it can feel difficult to manage on your own. Thankfully, there are many apps available today that make it easier than ever to save and invest automatically. These apps can help you stay on track with your goals, even if you have little time or knowledge about investments. Below, we’ve listed the 10 best apps for automated savings and investing to simplify your financial planning.

1. Acorns

Acorns is a top-rated micro-investing app designed to make investing effortless. It works by rounding up your everyday purchases to the nearest dollar and investing the spare change. For instance, if you spend $4.75 on a coffee, Acorns rounds it up to $5.00 and invests the $0.25 difference for you.

The app offers five expertly crafted portfolios tailored to your risk tolerance, ranging from conservative to aggressive. Additional features include Acorns Later, a tool for retirement savings, and Acorns Earn, which provides cashback rewards. With its intuitive interface and low barrier to entry, Acorns is an excellent choice for beginners eager to start investing small amounts with ease.

2. Qapital

Qapital is another popular app for automated savings and investing, known for its unique features that make saving money fun and effortless. The app allows you to set up personalized “rules” that trigger savings based on your habits and goals. For example, you can create a rule that saves $5 every time you buy coffee or round up your purchases to the nearest dollar.

In addition to these automatic savings rules, Qapital also offers an investment feature called Qapital Invest. This tool lets you put your saved money into diversified portfolios managed by experts based on your risk tolerance and financial goals.

3. Chip

Chip is a popular savings app that uses AI to analyze your spending and save the perfect amount for you automatically. Once linked to your bank account, it tracks your income, expenses, and bills to determine how much you can afford to save without impacting your daily life.

The app also offers goals, which allow you to set specific objectives such as saving for a vacation or paying off debt. You can create multiple goals and track progress in real-time through the app’s sleek interface. Plus, with its competitive interest rate of 1% AER (Annual Equivalent Rate), Chip helps grow your savings effortlessly.

4. Chime

Chime is a mobile banking app designed to make saving money effortless. With its “Save When You Get Paid” feature, a portion of your paycheck is automatically transferred into a high-yield savings account, simplifying the process of building your savings.

Additionally, Chime includes a round-up feature, similar to Acorns, which rounds up your transactions to the nearest dollar and saves the difference. With no hidden fees and an intuitive interface, Chime is an excellent option for anyone looking to grow their savings seamlessly while avoiding the complexities of traditional banking.

5. Digit

Digit is an AI-powered savings app that analyzes your spending patterns and automatically saves money for you. It determines how much you can afford to save each day and transfers it into a dedicated savings account. Digit also offers additional features such as tracking your spending, setting financial goals, and earning up to 1% in annual bonuses on your savings.

The app is designed for people who struggle with saving regularly or have difficulty creating a budget. With its automated approach, Digit helps users save effortlessly while still having access to their funds whenever they need them.

6. Moneybox

Moneybox is a UK-based app that seamlessly blends saving and investing into one convenient platform. It works by rounding up your everyday purchases and investing the spare change into a diversified portfolio of stocks and bonds.

The app also features Lifetime ISAs (Individual Savings Accounts), designed to help you save for your first home or retirement with the added benefit of a government bonus. With its intuitive interface and low minimum investment requirements, Moneybox is an excellent choice for those new to saving and investing.

7. Plum

Plum is an AI-powered chatbot that helps you save and invest effortlessly. It connects to your bank accounts, analyzes your spending habits, and automatically sets aside small amounts into a dedicated savings account. Additionally, it offers investment options through its partner platform, Wealthify.

One of Plum’s standout features is its ability to negotiate bills and subscriptions on your behalf, potentially saving you money in the long run. With its user-friendly interface and helpful budgeting tools, Plum is an excellent option for those looking to automate their finances.

8. Empower

Empower is a versatile financial app that seamlessly integrates budgeting, saving, and investing into one platform. With a free dashboard, it allows users to track their net worth, monitor cash flow, and evaluate investment performance all in one place.

What sets Empower apart is its personalized financial advice and tailored investment recommendations designed to align with your unique goals. By focusing on holistic financial planning, Empower provides users with a comprehensive view of their finances, making it an excellent choice for those seeking to take control of their financial future.

9. Mint

Mint is a powerful budgeting app designed to simplify money management. By connecting directly to your bank accounts, credit cards, and bills, it provides a complete, real-time view of your finances in one place.

With Mint, you can track your spending, set personalized budgets, and work toward savings goals with ease. The app also sends helpful alerts and insights to keep you on track. Whether you're looking to save more or gain better control of your day-to-day expenses, Mint is an invaluable tool for managing your financial life.

10. Monzo

Monzo is a mobile banking app that offers various features to help you budget, save, and invest your money. With Monzo's "pots" feature, you can create separate savings accounts for different goals and track your progress in real-time.

The app also offers round-up options and the ability to set up automatic transfers into your savings pots. Additionally, Monzo provides investment options through its partner platform, Wealthify. With its sleek design and user-friendly interface, Monzo is an excellent option for those looking to streamline their financial management.

Conclusion:

Automated savings and investing apps have revolutionized the way we manage our finances and build wealth. By harnessing the power of technology, these tools make it simple to save money, invest intelligently, and achieve your financial goals with minimal effort. Whether you want to start small by saving spare change or create a well-diversified investment portfolio, there’s an app here to suit your needs.