The Albert savings app changed my views on money and helped me save $1,500 - here's how
- Saving money sounds easy, but can often be a difficult chore, with just under 50% of American families unable to afford an unexpected expense of $400 or more.
- The Albert savings app can be an easier, more satisfying way to set savings aside for the future.
- I saved over $1,500 in the first six months of using the paid version of the app.
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I'll be honest: When I graduated from college, I was absolutely terrible at saving money. I'd always heard things like "pay yourself first," but the minute I started working full-time and had a regular paycheck, I realized how difficult that actually was.
My issue was that by the time I finished paying rent, bills, student loans, and buying groceries, I was usually left with around $150 - and having to set aside any of that for a rainy-day fund or retirement, instead of using it to spend freely, was almost painful.So I wasted the first six months or so of my first job not saving any money - even though financial experts say one of the most important parts of saving is to start as early as possible.
Enter Albert, a personal finance app I recently started using. When you download it, it gives you a rainy-day fund and asks how much a week you'd like to save. I chose $20, a sum I wouldn't really miss too much, then basically forgot about it.
A little over a month later, I got a notification from Albert, telling me I had saved $120. That was exciting - imagine going into the pocket of a pair of jeans you wore a month ago and finding $120. That was how I felt.
I explored the app more and realized how they could help me track my spending, too. After that, I was all in, so I decided to get the paid version.
Here's how my experience went, and how it led to me saving $1,500 in six months.