Millennials are Obsessed with these Save and Win Money Apps
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While most Millennials get a bad rap for their ability to spend more than they can save, there’s a growing group that are learning to save in a different way.
The traditional ways of 401K, IRA/Roth IRA and interest-yielding saving accounts are still valid of course, but there are more & more financial companies that are tapping into the Millennials psyche of wanting “fun” and “now.” Add all that to a mobile device and it becomes highly attractive to use.
“If there’s a way to make saving fun, I’d definitely be saving more,” said Chelsea, age 28. “After bills and school loans, I’m just not left with much.”
This was before she discovered the apps. And now? “This is absolutely the way to save. It’s fun and keeps me motivated to save even more!”
Here are the apps that Millennials are currently obsessed with:
Long Game Savings
Millennials are breaking that paycheck-to-paycheck cycle with an extremely fun way to save money.
Long Game Savings is an app that combines playing games and saving money to encourage people to keep on saving.
When you turn on Automatic Savings on your linked bank account, every deposit will give Coins. These Coins are used to play fun games to win more coins and cash, some up to $1,000,000 real dollars! How’s that for encouragement?
Not only will your savings account grow within Long Game, you’ll also earn daily and weekly chances to win more cash. Take advantage of the First Week Bonus where you’ll get EXTRA coins for every $1 auto-saved.
Fun savings Missions will also help you focus on your goals.
“I check the app everyday since I get so motivated!” says Chelsea.
Long Game is FDIC-insured so your money is completely safe. It’s also free to use, you’ll earn 0.1% interest on the money you save, and you can withdraw all your money at any time (takes 3-5 business days to completely transfer).
It’s no wonder that Wall Street Journal, Forbes, and TechCrunch love it too.
With that said, because Long Game is insured, they take steps to protect everyone. During initial setup you’ll be asked to:
- Connect to a bank account (they do not store any login information)
- Provide a mobile number so they can text you a code for verification
- Provide your social security number to prove you’re you
- Provide your email address to be sent a verification email
After that, you’re free to save as much or as little as you want, but also earn chances to win more money. You’ll never lose any money either as it’s not the lottery but a valid prize-linked savings account.
So skip that fancy coffee this week and put the money into Long Game instead. The chance to win up to a million dollars just for saving is just too good to pass up.
WinWin Saving
Here’s another prize-linked savings account where you can use at the same time as Long Game Savings. Yup, you can save on both apps and earn more chances to win cash!
WinWin Saving, gives the incentive to save money because the more you save, the more money you can win each day.
It all starts with setting up Automatic-savings and choosing the amount you want to save and the frequency. Chelsea says “I save $10 every Friday on this app.”
When you reach certain savings goals, you reach the next level of cash winnings.
So if you have saved $25 total, you can win up to $25 each day. If you have $100 total saved, you can win up to $100 every day! There are many levels in between as well for everyone’s saving preferences but you get the idea.
And yes it’s safe! WinWin Saving is FDIC-insured up to $250,000 along with 256-bit encryption and Secure Sockets Layer (SSL) to keep your money and personal information safe and secure.
“It only takes a minute out of my day to play WinWin,” says Chelsea. “My friends and I remind each other to play the daily game and share what we got for the day.”
Money can be taken out any time you need and transfers take 2-3 business days. The first 60 days are free and if you like WinWin, it’s just $2 a month to support the app and prizes.
Games range from Pinball, Brick-Breaker, Word-Find, Whack-A-Mole and more. Short, easy to complete games that encourage people to save more to win more!
Chime – Get Your Paycheck Up to 2 Days Faster
How useful would it be to you to get your paycheck up to 2 days earlier than your co-workers?
Besides the bragging rights, it’d be pretty damn useful.
Chime, a mobile banking app and one of the fastest growing ones out there with over 900,000 accounts, makes it possible.
Unlike most banks, Chime doesn’t hold the funds until your pay date. As soon as it receives notification from your employer, Chime will immediately post the funds to your account.
I get my paycheck 2 days earlier than my coworkers but my friend gets his 1 day earlier. It depends on your employer but getting the funds faster makes it so much easier to budget!
If getting your paycheck earlier isn’t enough for you, it’s also super simple to set up and you’ll get a debit card in 4-5 days.
Then you’ll have unlimited access to no-fee MoneyPass ATMs around the nation. Since there are over 30,000 of them nationwide, you’re bound to be living near one. I access mine inside a Walmart only 5 mins away from my apartment.
If you ever need to mail a paper check (like I do for rent), just enter in the payment info and Chime will actually cut a check and mail it for you! Extremely convenient.
The app also wants to help you save easier too. If you turn on “Automatic Savings,” the app will round up your purchases to the nearest dollar and deposit your digital change into your savings account. Or choose to save 10% of your paycheck each time.
You won’t even notice it but your savings account will.
Trim – Auto-Find Savings with this Useful Bot
Think of Trim as your personal finance assistant bot that will non-judgementally inform you of your spending, negotiate down your cable/internet bills so you don’t have to, as well as your auto-saver
How to Sign Up:
- Head over to Trim to sign up for free
- Choose if you want to communicate via SMS Text or Facebook Messenger
- Link a Credit Card or Bank Account (256-Bit SSL Encryption ensures your info is safe! Trim has no access to moving money or making any changes)
- Let the savings begin!
