Top Money Saving Apps
January 22, 2025 | Posted by: Sherry Corbitt
As we are in a new year, you may be planning to create a saving plan. If so, you may be considering using different tools to help you stick to your plan. One of the best tools to use is a money savings app. These apps are very convenient since they will always be with you on your device. Consider the top apps that are currently trending right now in 2022.
KOHO
This is a free Canadian app that aims to help Canadians help budget in their lives. The app includes a reloadable card, enabling you to decide how much you want to put on the card. This can help you budget your spending and avoid going over a specific amount. One of the best features of this app is that there are rewards for paying with the card. You can get up to a 2% cashback with every purchase you make. At first, it may seem like a small amount that you are getting back. Yet you will be shocked at how much you could save from the cashback over some time.
Rakuten
This free online cashback app offers excellent deals for purchases. You look at the current offers online and redeem them when you check out. Rakuten offers cash backs for many assets, such as hotels, dining out, grocery stores, and other stores. The app provides a wide selection of brands that you can shop from. You redeem a cashback after every purchase you make, depending on the items. A tab shows how much you have in your account on your Rakuten account. You require at least five dollars to get a cheque, which can be sent to you via PayPal.
Swagbucks
The purpose of the Swagbucks app is to pay people for their opinions. There are all sorts of surveys varying in length and topics. The app has a point system, SB, which converts to real money. Each survey can range from a few to two hundred SB points. Each SB point equals one cent, so you can expect to gain anything between one cent to two dollars per survey. For this app to be rewarding, you need to ensure that you complete a good amount of surveys. When you do end up gaining a large SB amount, you can choose to either redeem gift cards or cash. You will need to link your Pay Pal account with your Swagbucks app with money. This app is ideal if you are on a tight savings budget and need to gain a bit of extra money.
Wealth Simple
If you are an investor, this is the perfect app. Wealth Simple is a brilliant app that helps manage and track your money for you. It can save you money and save you the hassle of having to do it manually yourself. A few key features include lowering your investment fees and automating any savings that you have. If you are hesitant with an app like this holding so much information, do not worry. Wealth Simple is just as secure as a bank and ensures the safety of your personal and financial information.
Mint
Every Canadian should have this app. Mint is the ultimate budgeting app, which shows you all of your bank accounts, credit score, bills, and income. The app allows you to set goals based on this information and tracks your progress. The app can also give you helpful reminders to avoid deadlines for specific dates. These can include bill payment dates and other reminders that you created yourself. This app is by far one of the more convenient savings apps since you have all your finances in one location. In addition, it takes away the considerable stress of having to use various apps or going to the bank.
These savings apps certainly show how they are the best so far in 2022. Within their various features, they are all free and they are tailored for Canadians. If you were hesitant about creating your saving plan this year, you certainly have no need now.
If you have any questions about these apps and their other features, please reach out to me!
Sherry Corbitt, Mortgage Broker
Sources
-Cox, Dallas. Howard, Clark (2021). Rakuten Review: What It Is and How It Works. The Atlanta Journal-Constitution. Retrieved from
-Omololu, Enoch (2022). 15 Best Money Saving Apps For 2022. Savvy New Canadians. Retrieved from https://www.savvynewcanadians.com/best-money-saving-apps/
