15 Best Money Saving Apps To Grow Your Net Worth in 2023

Last updated Jun. 29, 2024 by Peter Jakes

In today’s fast-paced world, smartphones have become indispensable for almost everything, including managing finances. A plethora of money-saving apps on the market can help you budget better, cut unnecessary expenses, and grow your net worth significantly. Whether you’re saving for a rainy day, planning for a big purchase, or aiming to achieve financial independence, leveraging the power of technology can make a considerable difference. Here are 15 of the best money-saving apps to help you grow your net worth in 2023.

1. Mint

Mint is a comprehensive personal finance app that helps you manage your budget, track expenses, and monitor your credit score. Its user-friendly interface allows for easy categorization of expenditures, so you can see exactly where your money is going. Plus, the app provides personalized tips and insights to help you save more.

Key Features:

• Budgets and expense tracking
• Bill reminders
• Free credit score checks
• Personalized savings tips

2. YNAB (You Need A Budget)

YNAB is dedicated to helping users get out of debt and manage their finances more effectively. The app uses the zero-based budgeting method, ensuring that every dollar has a job. YNAB promotes proactive financial planning and emphasizes saving and debt elimination.

Key Features:

• Zero-based budgeting
• Goal setting
• Debt payoff tool
• Financial reports and graphs

3. Acorns

Acorns rounds up your everyday purchases to the nearest dollar and invests the difference in a diversified portfolio. It’s a great app for those new to investing, as it requires minimal effort and provides a simple way to grow your savings over time.

Key Features:

• Automatic round-up investments
• Portfolio rebalancing
• Found money (cashback program)
• Investment education

4. PocketGuard

PocketGuard is an excellent app for those who struggle with overspending. It connects to your bank accounts and tracks your income, bills, and spending, allowing you to see how much disposable income you have left. The app also identifies opportunities to save money on recurring subscriptions and bills.

Key Features:

• “In My Pocket” feature for disposable income
• Identify and manage subscriptions
• Set financial goals
• Personalized saving tips

5. Honeyfi

Honeyfi is designed for couples who want to manage their finances together. The app allows you to share financial information, set joint budgets, and save for shared goals. It provides insights into your spending habits and helps you make collaborative decisions about money.

Key Features:

• Joint budgets
• Shared goals
• Customizable permissions
• Personalized money insights

6. Qapital

Qapital makes saving money fun and effortless with customizable savings rules. Whether you want to save a specific amount daily, round up your purchases, or set aside money when you achieve certain activities, Qapital has a variety of options to help you reach your financial goals.

Key Features:

• Customizable savings rules
• Goal-based savings
• Spending analysis
• Team savings for group goals

7. Chime

Chime is an online bank that offers fee-free banking services with features designed to help you save money. It provides automatic savings tools like rounding up transactions to the nearest dollar and transferring the difference to a savings account. Chime also offers an automatic savings option that transfers a percentage of your paycheck into your savings.

Key Features:

• Fee-free banking
• Automatic savings
• Early direct deposit
• Spending and savings accounts

8. Trim

Trim is a financial health assistant that helps you save money by negotiating bills, finding subscriptions you don’t use, and providing spending alerts. Trim connects to your bank accounts to analyze your spending patterns and offers actionable recommendations to reduce expenses.

Key Features:

• Bill negotiation
• Subscription cancellation
• Spending insights
• Customized alerts

9. Truebill

Truebill is similar to Trim but focuses on helping you lower your bills and manage subscriptions. It identifies and cancels unwanted subscriptions, negotiates bills, and helps you budget better by providing comprehensive insights into your spending habits.

Key Features:

• Bill negotiation
• Subscription management
• Expense tracking
• Budgeting tools

10. Digit

Digit uses algorithms to analyze your spending habits and automatically save small amounts of money from your checking account to your savings. It’s an effortless way to save money without even thinking about it, making it an ideal app for busy individuals.

Key Features:

• Automatic savings
• No overdraft guarantee
• Goal-based savings
• Personalized savings recommendations

11. Cleo

Cleo is an AI-powered financial assistant that uses chat-based interaction to help you save, budget, and manage your money. It provides insights into your spending, sets financial goals, and even offers cash advances. Cleo’s engaging and conversational approach makes managing finances less intimidating.

Key Features:

• AI-powered budgeting advice
• Expense tracking
• Cash advances
• Fun challenges to encourage saving

12. Personal Capital

Personal Capital is a wealth management app that combines budgeting tools with investment tracking. It provides an in-depth analysis of your net worth, tracks your spending, and offers retirement planning insights. The app also comes with a range of robust investment tools, making it suitable for those looking to grow their wealth.

Key Features:

• Investment tracking
• Budgeting tools
• Net worth analysis
• Retirement planning

13. Albert

Albert is like having a financial advisor in your pocket. The app analyzes your spending and saving habits, offers personalized financial advice, and helps automate your savings. Albert’s “Genius” service even provides access to human financial experts.

Key Features:

• Personalized financial advice
• Automated savings
• Access to financial experts
• Cash advance feature

14. Wally

Wally is a personal finance app that offers comprehensive expense tracking and budgeting tools. It allows you to keep track of your income and expenses and provides detailed insights to help you manage your finances better. Wally also supports multiple currencies, making it ideal for frequent travelers.

Key Features:

• Expense tracking
• Budgeting tools
• Multi-currency support
• Bill reminders

15. Simple

Simple is another online bank with built-in budgeting and saving tools. It helps you manage your finances more effectively through features like goal-setting, expense tracking, and envelope budgeting. Simple aims to combine banking and budgeting in one user-friendly interface.

Key Features:

• Fee-free banking
• Goal setting
• Envelope budgeting
• Expense tracking

✓ Short Answer

Discover how technology can aid in expanding your net worth by leveraging the top 15 money-saving apps of 2023. From budgeting and expense tracking to automatic saving tools and investment solutions, these apps provide versatile and user-centric features designed to help you manage and grow your finances with ease.