Evan Sanchez walks through SmartyPig, a savings app he's used for years to automate money toward specific goals. You set a target amount and withdrawal schedule, and it pulls from your checking account automatically. He's currently running 15 active goals, from a washer-dryer to trip expenses, without touching them once they're set up.
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I genuinely don't know why more people are not using this savings app. I've used this for years and it has helped me so much. It's helped me save so much money. The app is called SmartyPig and it's the easiest way to save for anything automatically. All you do is you set the goal that you want, you set the withdrawal intervals, and you set the amount. That's it. Then you set it and forget it. I wish I had this back in my 20s because I had zero structure with my money, and this just automates it. I've saved for a washer and dryer. I've saved for car expenses. I've saved for parties. I've saved for trips. I've saved for everything using this simple app. I literally have 15 different goals set up currently right now, and it just automatically takes it from the checking account and I don't even have to think about it. So parents, if you need your kids to save, this is the way to do it because you don't have to say to them, oh, you should save more. No, what you do is you say, what would you save up for if it happened automatically? That's the better question. Set your first goal. Set up the withdrawal schedule and see how it works. Do this and you'll never have to worry about saving money again.