If you didn’t catch my Digit review, you can check it out here.
Digit is a simple automated way to save money that tracks your checking account and strategically pulls out money you can do without – it’s all based on the intelligence of Digit to track your spending habits. It’s also all totally free to use.
I’ve been using it for a few weeks now and I must say, I’m highly impressed with the results. Here’s an update and a few more things I’ve learned about Digit…
Daily Checking Account Update
One thing I’ve really grown to like about Digit is the daily checking account balance update. If you remember from my review, Digit works through text messaging. I didn’t realize how valuable this would be a first, but it’s nice. I generally check my accounts daily, but this is an extra measure to make sure nothing funny is going on.
Each day Digit greets you with some sort of a fun greeting and gives you a balance update. It will say something like:
“Today your balance is $791.23. Yesterday it was $912.20. Reply ‘Recent’ to see your latest transactions”
It’s a great way to stay on top of your finances.
I’m also a big fan of the pictures Digit sends you when you hit different milestones. You’ll have to sign up for your own account to see those. I don’t want to spoil the surprise.
How Much Have I Saved So Far?
Here’s how it’s going:
$275.90. Not bad for just a few weeks. I was surprised to see almost $300 in my Digit account. Now I’ve got to figure out what to do with the extra money. Here are some ideas I’ve came up with – feel free to steal them!
5 Ideas on Using the New Found Savings
There are all kinds of ways to use your Digit savings. Here are a few of my favorite ideas:
- Save for a vacation – Why not treat yourself with these savings that were previously unknown?
- Invest in your IRA – Once I hit $500, I may withdrawal the money and invest in my retirement.
- Give to your cause – Giving is never the wrong answer. This is a great way to find giving money.
- Buy a big-ticket item – There may be something you’ve been wanting. Why not buy it with savings?
- Invest in your children – This could be a great start or extra money towards your kid’s college.
If you’re in debt, that should be the first place you put your money. The ideas are endless. So what’s stopping you from trying it out? It’s free and it takes less than two minutes to sign up. Sign up here and post your results in the comments over the next few weeks. If you don’t like it, you can always withdrawal the money and close your account, but I don’t see how you can’t like a free tool that saves you money.
If you’ve already signed up, how’s it going???
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