I don’t know about you, but saving money isn’t always fun, especially when it is a manual process. In order to encourage saving and making it more exciting, the app Qapital was born. Qapital makes it easy for you to automate your saving with weekly or monthly transfers. In addition, you can also save money simultaneously with your friends.
I heard about Qapital back at the end of 2015 but there has been more and more talk about the app recently. Qapital gained a lot of steam because of a popular saving app, Digit, started charging a monthly fee! Digit was a favorite of many personal finance coaches and bloggers like myself because Digit would automatically save money for you each money based on your spending habits. Normally a money fee wouldn’t be so bad, but Digit raised their fee from free to $2.99 each month. Although Digit added some additional benefits with the fee, I don’t see the service being worth $36 per year. So,
Normally a money fee wouldn’t be so bad, but Digit raised their fee from free to $2.99 each month. Although Digit added some additional benefits with the fee, I don’t see the service being worth $36 per year. So, Qapital is good if you are looking for an app to start saving automatically but it is also good as an alternative to Digit.
Think you don’t have enough money to put your saving on auto-drive? An app like Qapital forces you to save. It is as if the money is out of sight and out of mind. Unlike putting your money into a saving account that you can see everytime you log online, the money is in a completely separate location.
