Saving is one of those painful adult tasks we have to do. Saving for retirement, saving for emergencies, saving for a new wig, etc.
Unfortunately, things are sort of tough for our generation. There is rent and mortgages, STUDENT LOANS, utilities, STUDENT LOANS, insurances, STUDENT LOANS, groceries, STUDENT LOANS, a host of other expenses, debt and STUDENT LOANS.
As a result, saving is often an afterthought. For me, the older I get, the more bills, and the more complex it is to save. Like most people, I had a small percentage of my paycheck go to my savings account. The savings account that takes me just a few clicks to transfer the money to my checking account…
Although circumstances may force us to use savings, it may be easier to save if we set smaller goals and save smaller amounts. Allow me to introduce you to Qapital.
Introduced to me by a friend, Qapital is an app that allows you to set goals and rules that will trigger deposits to an FDIC-insured savings account at Wells Fargo. My rules: $1 a day, 52 week challenge (Week 1-$1 Week 2-$2, etc.), and round-up to the nearest $2. For example, if I spend $5.50, .50 goes to savings.
I have two checking accounts linked. One as the funding account and the other is the one used for the round-up rule. I’ve been saving since February 26th, have set 2 goals (savings and tuition) and saved a total of $165.53. Impressive, I know.
Besides the small deposits, I made 40 bucks from referrals (Jaynae, Mom, Little Bro and Husband). If you use this link, not only will you get 10 bucks after you’ve made your first deposit but so will I (which is most important).
Using Qapital is fun, I’m totally obsessed with it and saving doesn’t feel like a chore. Only available for iOS and Android (eck) users. For more info visit Qapital and don’t forget to use this LINK for 10 bucks towards your savings account once you’ve made your first deposit!
Save on my children, save on.