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.Advertisement
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.
For as little as $4 a month, Albert's paid version gives you access to features such as expert financial advice at the press of a button and an unlimited number of savings goals.
The app allows you to see savings goals clearly and even allows you to earn more interest than the average APY with a bank savings account.Advertisement
The app provides a monthly spending budget calculated around your other expenses, and tracks your total spent in real time.
Albert takes the added organization and stress that can come with financial planning and makes it accessible at the tap of a phone screen.Advertisement
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