The new year is full of new possibilities. If you are hoping to become a homeowner in 2021, keep reading! The sooner you begin to save for a new home the better. Even if your finances are in order, or you are using a down payment assistance program (you can read more about Home Is Possible here! Home Is Possible) there will be many things you want to buy for your new residence. In this digital age, the power to start investing in your future is literally at your fingertips. Check out our favorite apps that make managing and saving money a breeze!
Businessman and best-selling author Dave Ramsey created The EveryDollar app to help you track your monthly budget and support your money-saving goals. In the app, you can connect your bank account, track your paychecks, and create a detailed budget to help you identify where savings can be improved.
How much does it cost? The main budgeting feature in this app is free. If you are serious about understanding your finances, for just under $11 a month, you get access to hundreds of classes and Dave Ramsey’s Baby Steps Tracking coaching.
The Acorns app makes investing easy. This app has many great features including a weekly automatic withdrawal from your bank account which is then invested in a customized stock option plan. You can also connect your debit card, allowing the app to round up each purchase and setting aside the difference in a savings account you can pull from at any time.
How much does it cost? Like most apps, Acorns has both free and paid options starting at just $3 a month. Not only is it inexpensive, but you can also make money with them! When you refer a friend to the app and they sign up for the free version, Acorns will put $5 into each of your savings accounts.
Seeing your total savings increase is addicting, but sometimes you still need to shop, especially for essentials like groceries. The Ibotta app is a great tool to use! Simply check this app before shopping online or in-store to see what discounts are being offered with cashback incentives.
How much does it cost? This app is 100% free and, like other apps, offers referral incentives for each friend who signs up using your special referral code. Once you start using this app, you will find the incentives add up quickly. When your total hits $20, the app allows you to transfer the savings into your bank account.
What are you waiting for? Stop reading and start saving! We hope that these recommendations help you achieve your savings goals whether it is for a new home or another big purchase. If you don’t want to just live, but thrive, check out our residential page to learn more about our new home communities.