I read an article in the Washington Post recently about money saving apps; mainly Acorns. I did some research about it, sounded great. Got all set up and decided today I don't like that I have to choose which money they take from my account and that it takes 1-3 days for that money to be withdrawn.

 

I did some more research and found a website called Digits. This money is deposited into a savings account based on your spending habits and can be withdrawn by me, penalty free as much as I'd like, all in one buisness day.

 

I'm doing a trial run, just wanted to know if anyone has any experiences with any money saving site, not just these two particular ones.

I read an article in the Washington Post recently about money saving apps; mainly Acorns. I did some research about it, sounded great. Got all set up and decided today I don't like that I have to choose which money they take from my account and that it takes 1-3 days for that money to be withdrawn.

 

I did some more research and found a website called Digits. This money is deposited into a savings account based on your spending habits and can be withdrawn by me, penalty free as much as I'd like, all in one buisness day.

 

I'm doing a trial run, just wanted to know if anyone has any experiences with any money saving site, not just these two particular ones.

 

There are a couple threads here on BGP where Acorns is talked about. There are several happy users (myself included) of the Acorns app. As I've said before, Acorns is a painless way to save extra money, and I've had no issues with the app at all. Yes if you want to withdrawal money, it takes a few days (up to 5 business days), but this is a savings account, and I've got plenty of more liquid options if I need money quickly. My acorns account will be used for special purchases that are planned well in advance, so the wait time doesn't bother me at all.

I was also referring to when money is taken out of my bank account. I set it up hyesterdsay and it wasn't withdrawn today. I'm not very patient and waiting 1-3. Business days is a little rough. Also I thought it would withdraw the change for me but I had to actually pick and choose which change to be transfered. I thought I'd swipe my card and automatically that change would transfered right then and there.

I was also referring to when money is taken out of my bank account. I set it up hyesterdsay and it wasn't withdrawn today. I'm not very patient and waiting 1-3. Business days is a little rough. Also I thought it would withdraw the change for me but I had to actually pick and choose which change to be transfered. I thought I'd swipe my card and automatically that change would transfered right then and there.

 

It waits until you've accumulated at least $5 in roundups, which to me makes sense. To me tfewer. And with dollar cost averaging, more tiny transactions would limit your earnings potential (or losses for that matter). Impatience isn't a good trait to have when investing money:D