Have you ever tried to create a savings habit? Yes. You may know how difficult to get started.
After opening a separate savings account, you have to start to put money into it each month. However, after a few months, you end up by having an emergency and need to use that saved amount.
However now, you don’t have to worry, as you have a new savings app, called Digit that help you to save.
Hello Digit is a brand new micro-savings account that designed to help users in their savings. You won’t get rich by saving through this application, but you can initiate the first step toward creating a savings habit and building wealth.
CEO Ethan Bloch says, “Digit believes anyone can start saving regardless of income. While everyone understands the importance of saving, it’s hard to get started. Digit’s goal is to make saving as easy, stress-free, and automatic as possible”.
“Digit fits into the lifestyles of people who grew up on the web and look to technology, like Uber, Instacart and Venmo. They trust tech and use it daily to simplify their lives,” says Bloch.
If you are looking for a tech-assisted automated process, then Digit, one of the best money saving apps, allows you to start savings with zero effort on your part. You can also use this money for a summer vacation or to repair your car. As digit calc app comes with a micro-savings format, it is not like it will drive you towards to make down payment of a car or home.
How Does Digit Work?
Digit app for iPhone and Android estimates your spending habits and transfer money to your linked bank account into your Digit account. The average transfer each time is around $9. However, it is as much as $17 or minimum $2. It depends on what the balance is in your personal bank account. Digit Savings are FDIC insured up to $250,000.
“Digit studies day-to-day spending and income history looking for daily savings opportunities consumers won’t notice. Every 2 or 3 days, Digit transfers some money from a checking account to a secure Digit account. The four main signals that influence Digit’s savings include checking balance, upcoming income, upcoming bills and recent spending patterns. From these variables, Digit derives a nonessential amount you won’t notice based on how you’ve been spending. There is never a transfer of more than you can afford, and there is a no-overdraft guarantee.”
Recently, Digit launched Android app
Digit launched digit iOS app that rapidly grew to account for half of all users. However, now, the company is launching an Android version of saving money app to connects checking account and analyzes personal cashflow to optimize savings of Android smartphone users.
Bloch said, “Android gives us a more normal distribution of the working population, and a better sense of the economic fate of the country, including more people who have trouble making ends meet each month.”
This digit app safe money by focusing its financial resources on introducing new features in their product roadmap. The company also got funded of over $36 million from GV, Ribbit Capital, General Catalyst, and Baseline.
Download an Android app from Google Play Store and save your money. You can also get financial updates via SMS if you have chosen so. A state-of-the-art security measures is used by Digit that secured your personal information. All funds held inside Digit are FDIC insured up to a balance of $250,000.
Would you like this app for your saving purpose? Get Download and increase your savings. If you want to customize app feature, you can hire iPhone or Android app development company to develop an app like Digit with advanced feature.