Qapital
Qapital is an app for automatic savings to whatever goal you have. It is similar to Acorns, but not investing, and therefore, no investment management fees or any fees or costs to you!
It does the RoundUp option, which rounds up each purchase and puts the difference into your Qapital savings account. This is the one I use and like the most, cause it is the laziest savings option they offer, in my opinion.
They also have other savings methods:
Freelancer which saves a percentage of your paycheck.
Set & Forget which allows you to set a daily, weekly, or monthly amount to save automatically.
Guilty Pleasure lets you choose a vendor and when you spend money there, it automatically will save an amount you specify so that you feel like even though you are spending money on something fun, you are also helping build your savings.
Through the IFTTT program, you can automate funding your savings when you do certain things, for example:
IFTT (If This Then That) opens up a whole bunch of ways to help you save with Qapital and not have to do much in the process. A lazy money guy’s dream!
I have been using Qapital for a while and have built up quite a savings because I don’t notice the pocket change being paid into it from rounding up my purchases and depositing the difference. It is easy to set up and fund (it requires linking to a bank account in order to fund the rounding up savings as well as seeing what amounts are spent to calculate the round up amounts). When you sign up using this link, you’ll get $5 from Qapital after your first transfer toward your Goal settles. So it only takes less than a week to get your bonus for signing up!
