Close your mind, block out that noise and take a minute to think about what really matters. Being Londoners, it’s not always easy to do this, most of us live paycheck to paycheck and stress about having no savings, but what if that all disappeared? Yes, you can now save automatically with Chip and not even feel the effects on your account. The new banking app will allow you to save for the things that matter and even help you get out your overdraft.
Saving and Banking With Chip? Tell Me More!
Banking apps, huh? Isn’t that a bit too millennial? Well, let’s think about this, behaviours have evolved, attitudes have changed…you are likely to no longer have a stash of CDs or DVDs at home, but instead you have Spotify and Netflix subscriptions, you no longer walk up to someone in a bar and ask them on date (well maybe you do) but it’s a lot more convenient to use Tinder, so isn’t it about time you swapped your money habits for saving with Chip?
How To Save With Chip
Listen, all you have to do is plug Chip into your current account and they do the hard work for you. Every few days Chip will calculate how much you can save and will automatically take it from your account (Ben from LOTI saved over £200 in 6 weeks without even noticing) and if you need to withdraw the money, it will land back in your account within minutes! The slick, frictionless app is minimalist, there’s no screens of info, just a few buttons to navigate through and a whole load of character and personality, you’ll be surprised how Chip actually interacts with you.
We’ve all signed up and can’t recommend it enough – your money is totally safe and it takes one less thing off your mind, no looking at what out goings you have to commit to, no dipping in and out of your savings for things you want to do, it’s all taken care of, convenience and worry free. It’s the future, if you’ve not downloaded and set this up you are mad, it costs nothing, saves you money and you’ve got a sweet FA to lose. Best app of 2017.
Tips In Saving More Money
Now that you’re ready to bank and save with Chip, it’s time for some real action! Before putting any amount in your Chip account, it’s paramount to set your savings goals first! Coincidence? I think not. The Chip app is equipped with a goal setting feature where you can create your financial goals and keep track of them consistently.
Take a look at these tips to help you save more money in Chip:
- Take advantage of your unused card points. For instance, if you’ve accumulated reward points in your American Express card, you can sell amex points for cash, and transfer them immediately to your savings account.
- Track your spending. You can’t start saving without having a grasp on how much you’re spending regularly. After all, savings are typically computed by subtracting your expenses from your income.
- Make a budget and stick to it. Once you’ve determined your monthly spending, it’s now time to curate a budget plan to allocate your money to different expense categories. Then, make sure that you’ll utilize them wisely, and avoid spending on things that are out of your budget as much as you can.
- Pay off your existing debts first. Getting out of debt seems like a repeating cycle–incurring new debt to pay off another. If you have existing high-interest debts, make sure to pay them off first since interests can easily accumulate.
Saving money can be as fun as traveling to your dream destination as long as you’re disciplined and wise with your money. To make your saving journey worthwhile, take note of these money-saving tips. Most importantly, try out the secret to saving more–banking with Chip.