Top 5 Money Saving Apps in India to help you save money

Money Saving Apps

Top Money Saving Apps in India

By Aatish Khanna: Whether you are a salaried professional, a freelancer, or an entrepreneur, saving money is important since it can help you in the event of an emergency.

And that’s not it; you can invest that extra capital into beneficial schemes and even essential things (for example, real estate) that can bring you more profit.

The key is to save money from salary or business income so that you can enjoy financial stability and security.

However, saving money sometimes can look like an impossible task. The good news is that there are some great money-saving apps that you can use to smartly save money in India without digging a hole in your pocket.

Read this article for the top saving apps that can help you reach your financial goals.

1. Money Club

Money Club is an online chit fund and one of the best places to save money since it allows pooling up money regularly with verified users.

What makes it one of the top saving apps is that you can withdraw funds up to ten times more than the money you have saved.

The app already has over 156000 registered users in India that are verified to ensure that your money is safe.

It consists of various clubs that you can join once you apply and get screened. The interface of the app is super easy to use and allows pooling and bidding in real-time.

And as you build your track record, you can move up in the journey by joining more clubs and withdrawing multiple times.

Available On: Android and iOS

Cost: Free

2. Mint

Mint is a financial app that lets you save money by creating budgets, tracking spending, setting bills, and scheduling payments. The app is user-friendly with a design that offers a smooth browsing experience.

You can start by syncing a bank account, post which you can monitor your financial activities and categorize your expenses and spending patterns. The app is password-protected so that you can work in a secure environment.

Available On: Android and iOS

Cost: Free

3. Thriv Savings Goal Tracker

Thrive money-saving app helps you set up your financial goals, track them, and manage them efficiently.

It is an all-in-one application that works as a budget planner, savings planner, money tracker, and expense manager.

If you wish to encourage yourself to save money by keeping a check on your expenses, Thriv is what you need. 

It colour-codes your progress, manages saving records, and gives a summary of all your expenses and savings so that you can have a birds-eye view of your financial goals. Moreover, all the data can easily be backed up on Google drive.

Available On: Android and iOS

Cost: Free

4. Splitwise

Splitwise is a great choice when you’re looking to split expenses with friends. It lets you create expense groups with others and also add individual charges.

You can select how the payment was made, and the app will automatically calculate how much you owe your friends or your friends owe you.

It maintains easy records and also helps settle up expenses. Plus, you can always go back and view the expenses divided among different people of the group.

Available On: Android and iOS

Cost: Free

5. Digit

Digit is a great money-saving app that does all the thinking and acting while you stay focused on saving.

It reviews your income and expenses and saves money every day on your behalf. It measures how much you will be able to save and then deposits the balance to an FDIC-insured Digit account.

The app performs research every two or three weeks and shares the findings with you. It also gives you a chance to earn a savings bonus every three months.

Available On: Android and iOs

Cost: $5/month after a 30-day free trial

We live in a world where a simple money-saving app can reduce bad financial habits and the effort that goes into saving and money management.

But with hundreds of options, you must do your research to find out which one best suits your needs.

Write down your goals and expectations from the app, and you will be able to make the right choice.

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