9 Best Money Saving Apps for 2020

We all know it’s important to save money, but it’s easy to forget. Life gets in the way, or we’re living paycheck-to-paycheck, and saving money goes by the wayside. Thanks to technology, money saving apps simplify the saving process.

You may believe it’s impossible to save money in your situation. Or, you may feel saving in small amounts is not worth the effort. You may also think you have to sacrifice too much to save money on your bills.

Those myths will keep you from achieving financial stability. Apps that help you save money often work in the background, requiring little effort.

Better yet, they free up more money you can use to reach goals like paying off debt, growing your savings account, investing, and more.

If you’re looking for the top money saving apps to use to bolster your finances, this guide shares our absolute favorites.

Best Money Saving Apps for 2020


Technology simplifies a lot of things in life. However, not all technology and apps are equal. When looking for the best money apps, you need to look for the following:

  • Free, or reasonably priced
  • Secure, easy to use platform
  • Multiple perks
  • Ability to customize to your needs
  • Helps you maximize your budget
  • Automation

There are multiple niches these tools encompass, from apps to save money on groceries to apps that give you money and investing apps.

You may only need to use one platform or find that you need to use a combination to manage your money best. There is no right or wrong approach, as long as you’re working to improve your finances.

Below are the best money saving apps for 2020 to maximize your savings efforts.

1. Truebill


Negotiation is one of the best ways to lower our monthly bills. However, how often do you call a provider to ask for a lower price on a service? If you’re like me, it’s always something you intend to do but often forget.

This is where Truebill can help you save money. Truebill is an automatic savings app that works in the background to cancel unwanted subscriptions, lower your monthly bills, and secure refunds and fees on outages.

Maybe you have a bill that you wish was lower, but you don’t know the first step to take. Truebill can do their best to lower your monthly bills.

The first step in that process is to provide them your bill information. You can do that by sending a picture of your bill or connecting Truebill with your bill company’s site using your login.

As soon as they have this information, they begin the process of finding discount rates and promos that you may not know about.  Here are just a few of the companies that Truebill negotiates with:

  • AT&T
  • Verizon
  • Sprint
  • Cox
  • Charter Spectrum

Truebill will never downgrade or remove your services. The company focuses on negotiating a better rate for you, which sometimes includes one-time credits added to your account.

The service is free to use, and if they’re successful in locating savings, they keep 40 percent of the amount. For example, if they earn you $200 in savings on your Cox bill, they keep $80.

Read our Truebill review to learn more about the platform.

2. Chime


If you’re looking to save more money this year, consider opening an account with Chime. While Chime is a bank, they offer one of the best automated savings apps that help you boost your savings efforts.

Chime doesn’t try to take advantage of their customers with unnecessary fees. They don’t have a minimum opening deposit requirement, along with no monthly maintenance fees or overdraft fees.

Chime also allows members to receive direct deposits up to two days earlier than their typical payday.

Another benefit is the automatic built-in savings feature, where you can save ten percent of each paycheck. Or, save when you spend money with Chime’s roundup feature.

Every time you purchase an item or pay a bill, you can have it automatically round up your transaction to the nearest dollar. This may sound like a small amount, but the savings add up over time and come in handy when you need it.

Chime even gives you a ten percent bonus on what you save each year – up to $500!

If you’re wondering how Chime makes money, they receive a percentage of the interchange fee, each time you use your Chime debit card. This fee is what banks pay to other banks for the acceptance of a card-based transaction.

Chime would rather have customers keep their money than charge them fees as most other banks do.

The only charge they do have is $2.50 when customers get cash from an over the counter withdrawal or an out-of-network ATM. Chime has over 38,000 fee-free ATMs, so you have to work to find an out-of-network ATM.

3. Acorns


Do you want to start investing this year? Acorns is a terrific resource to help you with those efforts. The best part of Acorns is you only need $5 to open an account.

The app connects to your checking account and rounds up all your purchases to the nearest dollar. For example, if you buy a loaf of bread for $3.01, the app invests the remaining $0.99.

You can also set recurring weekly deposits as low as $5 per week. Acorns has a low monthly fee (starting at $1), and they allow you to invest often with small deposits and roundups.

With this app, your portfolio options consist of many Exchange-Traded Funds (ETFs) like:

  • Government bonds
  • Corporate bonds
  • Emerging market stocks
  • Small-company stocks
  • Large-company stocks
  • Real estate stocks

Acorns is one of the best free investing apps you can use to grow your money or supplement other investing you’re doing.

4. Ibotta


Ibotta is one of my favorite money saving apps for shopping. Whether you’re shopping for groceries or household items, Ibotta can help you save on these transactions.

Ibotta works in a few different ways. You can save by linking your merchant royalty card, manually uploading your receipts, or shopping online.

The Ibotta app makes shopping and scanning your receipts for savings easy. After you finish your trip, simply scan your receipt, and it will identify your savings.

You can also use the Ibotta Google Chrome browser extension for your online shopping as well. Regardless of how you use the app, you receive your earnings within 48 hours.

You can redeem earnings once your account reaches a $20 balance, and they give you $10 when you open an account.

Read our Ibotta review to learn more about the platform and how to maximize savings.

5. Billshark


Billshark is one of the best money savings apps because you can use it to find the hidden fees in your monthly bills. The service works similar to Truebill, but claims an 85 percent success rate, according to its website.

Billshark is simple to use to save money. You start by uploading your bills and Billshark works fast to help you start saving on monthly bills. The sharks save 25 percent, on average, on your bills.

Billshark negotiates numerous services, on your behalf, including:

  • Satellite TV
  • Cable
  • Phone
  • Satellite Radio
  • Home Security

Like Truebill, if Billshark finds savings for you, they keep 40 percent. If Billshark can’t find savings for you, then there is no fee.

Read our guide on the best bill negotiation services to learn more about how Billshark operates, and learn of other possibilities.

6. Tiller


Budgeting gets a bad rap, but it’s often necessary to help us increase savings. One of my favorite apps to help save money is a service that helps you budget – Tiller.

Tiller is a service that helps you track your spending to identify where you may be overspending and cut costs. The Tiller app connects to your bank account and updates a Google Sheet with your everyday purchases, transactions, and balances.

If you want to start budgeting but don’t know where to start, this is a great tool to help you begin categorizing your spending. Tiller can help you track your debt more effectively so you can create a plan to pay it down.

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You can also set up daily email updates to receive account summaries sent to your inbox. The service offers a free 30-day trial, and costs $5 per month after that.

7. SavingStar


SavingStar is one of the best free money saving apps that help you cut grocery spending. The platform rebates are digital, so you won’t have anything to cut out or print.

SavingStar has been around since 2011 and has grown to over 8 million members.

Over 100 retail chains and 100,000-plus individual stores have partnered with SavingStar, according to its website. The service is free to use and will never ask you for your credit card information.

After you reach $20 in savings, you can choose from the following types of payouts:

  • Direct deposit
  • PayPal
  • Starbucks gift code
  • AMC theaters gift code

SavingStar is the tip of the iceberg of best grocery rebate apps. Find one that works for you and use it to save more money on groceries.

8. Mint


Mint is another excellent service to manage your finances on one platform. The platform is one of the best money saving apps as it helps you streamline your finances and maximize your efforts.

Mint offers an exhaustive view of your finances, including:

  • Bank account balances
  • Monthly bills
  • Investment balances
  • Debt payments
  • Credit scores

You can open an account by connecting your bank accounts and within minutes have a detailed report of where all your money is going. Mint can also help you budget by suggesting savings goals based on your spending habits.

The best part of all is Mint is free to use!

9. Honey


How often do you shop online? If you’re like me, you do most of your shopping online and always looking for easy ways to save money.

This is where Honey comes in as they’re one of the best shopping apps to save money. The Honey service works in the background, helping you find coupon codes and offers on items you purchase online.

The service operates as a browser extension that locates and unlocks these codes and applies them when you make a purchase. Honey partners with over 30,000 popular merchants, so there are plenty of opportunities to save.

After you install the extension, click on the items that you want, and they all go into one convenient cart even if they are from different stores. Use Honey to save at all your favorite stores like:

  • Best Buy
  • Target
  • Walmart
  • GameStop
  • Adidas
  • Sephora

Honey finds members an average of $126 in savings each year and an average discount of 17.92 percent, according to its website. It may not sound like a lot of savings, but every little bit adds up.

The best money saving apps let you spend less and are easy to use. Here are the 9 best apps that help you save money at the store and on services you use.Apps That Help You Save Money: Bottom Line


It’s easy to put off saving money. Trying to save money is like exercising. We know we need to do it, but it’s easy to avoid because we don’t want to do it.

Automated savings apps help you strengthen that savings muscle by doing much of the work for you in the background. After you see your savings grow by using a few services, you see the power of saving and want to take a more active role.

Regardless if you have debt, or struggle to get by each month, saving money is possible. Using any of these best money saving apps will help you see that little sacrifice is necessary to save money.

After all, if you don’t use a service, what sense does it make to pay for it each month? Instead, put that money to better use by using it to reach a goal. Before you know it, you’ll have extra money in your pocket and reduced financial stress.


What are your favorite apps that save you money? How often do you try to reduce your spending? What concerns do you have about using any of the above money saving apps?

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