Money saving is a concept, which kicks off right from childhood if you remember the days of using piggy banks. However, in today’s financial world, which is very unpredictable, it is very hard to talk about savings. Apparently, very few people are able to put aside an emergency financial kitty. This means they can only take care of everyday basic financial needs.
Nonetheless, technological innovators fell that there is still room to change the current financial situation for a vast majority. Within a market saturated with banking tools, it is still possible for anyone to accomplish money saving goals and through use of money apps.
Let us explore some of these apps, which have taken the financial world by surprise: –
The app rewards anyone who plays popular mainstream games whereby you must complete “missions”. Users get a free, FDIC-insured savings account, which comes with a 2% interest rate. To help you save, you can set up “Triggers” in the app and you can start with as little as $1. The app does not have any deposit or withdrawal charges. The only shortfall is that it is only available on Android devices.
The app is primarily in use by students trying to pay off their loan debts. Users play daily trivia whereby they stand a chance of getting up to $50,000. The more questions you answer correctly the more points you accumulate. The first two rounds of playing are free and from the third, there is a charge of 50 cents per game.
There is also the opportunity of the random drawing, which gives the player a chance to win $10,000. Since the launch of this app, close to $2.5 million has been out as student loans.
- Long Game
The app makes the idea of saving so fun. It offers a free, FDIC-insured savings account and does not require an opening balance. Users have the chance of winning up to $1 million as well as cryptocurrency. The app hosts 18 different games but the player starts off with 10. You must complete various missions to unlock new games.
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