If you’re looking to save money, you should check out Digit. I was already automating my savings before using Digit, so I didn’t think it’s algorithm would be able to find too much ‘extra’ income to set aside. I was wrong. This app has saved me a healthy amount of money. Never had an overdraft. Never had a fee. I’m a happy camper.
Digit is a mobile app that works via SMS text messaging. I get a message every day from Digit at around 12:00 PM with my current checking balance. Every few days Digit shows me how much money it saved me that week. Anytime I’ve wanted to withdrawal from my savings, the money was there.
I discovered Digit on Product Hunt last summer. It sounded like a cool idea, but I did my due diligence before signing up. After all, they have to make money, right? I’m also not naive enough to thoughtlessly give out access to my checking account. What I learned from my research is that Digit makes money on the interest of all the accumulated savings of customers like me. And some of the most trusted names in technology are behind them. About six months after I started using Digit, the company closed a $2.5 million seed round which had nothing to do with me using it. One of the participants was Google Ventures. There’s a lot of other respected names backing Digit if you’re interested.
I’ve told a handful of my friends about it, though. I don’t like to give people unsolicited advice on how to handle their money. As far as I’m concerned, money is private. But sharing is caring and I would be selfish for not sharing my experience saving money with Digit. I also get $5 for everyone who signs up using my referral link. Holler!
Digit from Hello Digit on Vimeo.