Sponsored Five pieces of tech to help you understand your money
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Five pieces of tech to help you understand your money

money saving apps
Update your money-saving methods. Photo: Getty
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Saving has come a long way since the piggy bank.

We already use technology to monitor our fitness, sleep and calories – it follows that we should exploit it to understand money, too.

Finance apps are an exploding market, but some are better than others.

And depending on whether you want to sync up with your bank, keep it manual or just know where your super is at, there’s an app that can help.

Australian Super’s mobile app

For many of us, superannuation is a subject that’s out of sight, out of mind.

In fact, many Australians probably don’t know how much they have, where it’s invested or if it could be performing better.

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AustralianSuper’s app let’s you check in on your super at any time. Photo: Getty

AustralianSuper’s mobile app allows users to easily track their super as it grows.

You can track transactions, see when your employer makes a contribution and easily find you super details to hand over to your employer if you change jobs.

Acorns

Acorns is less of a tool to understand your money and more of an enforced savings tool.

The nifty app links with your credit or debit card and automatically saves your ’roundups’ into a mini fund.

This means from your $3.50 morning coffee, 50c will be automatically placed in savings.

The savings are invested by Acorns’s economic experts and users can choose between conservative to risky investor options.

Using the app, users can track their investment earnings and watch their savings climb effortlessly.

money saving apps
The Acorns app invests your spare change for you. Photo: Acorns

Pocketbook

Pocketbook is a budgeting and money tracking app that does a lot of the work for you.

It syncs up with your bank accounts, automatically feeding spending information into the app and breaking it down into nice graphs.

From there, you can see a breakdown of your spending – and whether you’ve gone overboard in a particular section.

money saving apps
Increasingly, we use apps to track every aspect of our lives. Photo: Getty

Pocketbook asks you to input your money goals, and will tell you whether you’re on track to meet them.

Digit

This money-saving app is backed by tech juggernaut Google.

Digit acts as a virtual, automated piggy bank – saving money for you before you have a chance to spend it.

Its clever algorithms figure out whether you can afford to put small amounts of money away, based on the timing of your bills and how much you’ve been spending.

From there, it puts small amounts (up to $50) into an account and looks after it for you.

You don’t get to keep the interest (they do: that’s why the app is free) but you can text Digit at any time to ask for the money back within a day.

Level Money

If you’re worried about linking your sensitive financial information with an external app, Level Money could be for you.

The app requires you to manually input transactions and recurring bills, your monthly income and how much you want to save.

Based on those numbers, Level Money will produce a personalised daily ‘spendable’ amount.

Users like Level Money because it’s simple, doesn’t ask for too many personal details and gives it to you straight.


You should consider your financial situation before using any apps. This article has been sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788. The views and opinions expressed in any article accessed through The New Daily are those of the author or The New Daily and not the responsibility of AustralianSuper. For more information, please visit australiansuper.com

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