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Kalen Bruce is passionate about helping you master your finances and maximize your productivity. He defies millennial laws by having no debt and 4 children. Get his free book, Financial Freedom on a Full ... more

Digit Review: The Easiest Way To Save Money Ever

Date: Wednesday, March 18, 2015 5:43 PM EDT

The easiest way to save money, ever?  That’s a bold statement.  But it’s true.

Sure, you can set an automatic transfer from your checking to your savings each month, but with that you still have to set the transfer amount.

With Digit, you don’t even have to do that.

It’s an intelligent service that not only saves your money automatically, but it determines how much to save by how much you can afford.  You literally just link your account and forget about it. Digit does all the work for you.

Digit Review: The Easiest Way to Save Money Ever

I had a few questions, so I set up an interview with the founder of Digit.  Here’s what I figured out and how you can use Digit for automatic savings…

Introducing: Digit

My buddy J Money, over at Budgets Are Sexy, told me about this.  At first, I was a little suspicious of a service that automatically pulls different amounts out of my checking.  My original thought was “what if it pulls out too much and I overdraft?”.  Then I figured out that the people at Digit are so confident in the intelligence of the service that they will pay any overdraft fees or charges you incur if such an event should happen.  They are confident that it won’t though. First, just watch this 60 second video explanation of Digit:

Here’s how it works, in three steps:

  1. You sign up for a free account
  2. You link your checking account
  3. Digit automatically transfers amounts that you can afford into a savings account

That’s it.  Too easy, right?  Digit functions through text messaging. These are the commands you can text to Digit:

  • savings: view your digit savings balance
  • balance: view your checking balance
  • recent: view recent checking transactions
  • bills: view upcoming bills
  • withdraw: make a withdrawal from your digit savings
  • save: move money into your digit savings balance
  • pause: pause saving
  • settings: adjust my programming
  • commands: view all possible commands
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