If you want to save money easily and efficiently here in Singapore, you need to get your hands on the right budgeting apps and money saving tools. In recent years, money apps have been growing increasingly popular among college students, military families and pretty much anyone who wants save money, monitor their spending habits or develop a new savings habit.
Whether you want to save money shopping online using a browser extension, round up spare change to the nearest dollar to put into your savings accounts, or track spending habits using a state-of-the-art budgeting app, there are tons of great money-saving apps on the market right now.
Saving money in Singapore has never been simpler, but with so many clever app options out there, it’s easy to feel spoilt for choice. Let’s take a look at the top 10 best money savings apps available in 2022 and why you should consider using these innovative money apps today.
1. YNAB: Best Money Saving App Overall
Why we chose it:
- Our best overall budgeting app is YNAB. Unlike other budgeting apps, this app doesn’t hold your hand – it takes a more motivational approach, encouraging savers to be more proactive with their finances and set aside more and more extra money over time. Users will need to pay a premium to take advantage of YNAB’s superb tools and service, but there’s a very generous free trial available to new customers right now.
Features:
- Master getting more out of your personal finances for the foreseeable future
- Customers can enjoy live workshops and watching videos
- Assign a purpose to every single dollar in your bank accounts
Price:
- $11.99 a month (or $84 a year)
Bank sync:
- Yes – link any bank account type
Free trial:
- Free 34 day trial available here
Pros:
- Average YNAB budgeting app user saves over $6,000 in their first year
- This budgeting app is free for the first 34 days
- You’ll master budgeting once and for all
Cons:
- Strict and inflexible budgeting app philosophy
- Proactive approach won’t suit everyone’s tastes
- Costly and not always easy to cancel subscriptions
2. Planner Bee: Best for Expense Tracking
Why we chose it:
- Planner Bee allows you to monitor, manage and analyze your savings accounts, investment accounts, checking account, debts and other finances all in one place. It offers state-of-the-art bank level security, amazing tracking tools and partnerships with more than 40 banks and financial institutions from all across Asia.
Features:
- Set smart budgets
- Link your savings accounts, investment accounts and more
- Get instant updates from all your accounts
Price:
- Free
Bank sync:
- Yes – link any bank account or savings account type
Free trial:
- N/A
Pros:
- Free to download and use
- Support local – this app was developed here in Singapore
- Bank level security and safety
Cons:
- Other paid apps offer more features
- Not so good for reinvesting spare change or setting savings targets
- Not all banks or personal capital accounts will be compatible
3. Zenmoney: Best for Financial Self-Improvement
Why we chose it:
- If you want to cultivate your savings account skills and get better at budgeting in the longer-term, Zenmoney is an excellent option. This minimalist money saving app encourages mindfulness in your financial life. It helps you to set individual budgets, scan receipts, track expenses and more.
Features:
- Create and share reports
- Set budgets and enjoy other amazing budgeting apps features
- Receipt scanner
Price:
- Free
Bank sync:
- Yes – link any bank account type
Free trial:
- N/A
Pros:
- Gain a greater awareness of your expenses and savings
- Enjoy a minimalist, easy-to-use layout
- Completely free to download
Cons:
- Other budgeting apps offer more features
- Simple layout won’t suit everyone
- Financial data could be more detailed
4. Acorns: Best for Investment Options and ETFs
Why we chose it:
- If you’ve always wanted an investment account but are worried about complex saving plan terms and financial jargon, Acorns might just be the perfect app for you. This clever app rounds up all your in store debit card and online purchases to the nearest dollar, then automatically invests the difference into a tailored portfolio of exchange traded funds (ETFs).
Features:
- Invest in tailored ETFs
- Earn a return on your investment accounts
- Easy to set-up
Price:
- $1 per month (basic)
- $3 per month (to add a retirement account and checking account)
- $5 per month (to add a kids account)
Bank sync:
- Yes – link any bank account type
Free trial:
- No free version currently available.
Pros:
- Automatically invest money
- Choose a portfolio based on your savings goals
- Get extra money back when you spend with Acorns’ partners (Asda, Walmart etc.)
Cons:
- Investments are not guaranteed
- Your average daily balance could shrink depending on dips in ETFs
- Withdrawals can be slow as exchange traded funds shares must be sold first
5. Qapital : Best for Goal Setting
Why we chose it:
- If you want to set straightforward savings goals, Qapital lets you create joint goals with family or friends and set up your very own customizable savings rules. From here, you can freely spend money from a linked spending account and the app will round up your total to the nearest dollar automatically, placing the difference into an FDIC insured account.
Features:
- Save money quickly and easily
- Earn 0.10% interest
- Set up your own savings goals and rules
Price:
- From $3 to $12 per month depending on tier
Bank sync:
- Yes – an outside checking account or savings account can be linked
Free trial:
- 30 day free trial available here
Pros:
- Easily automate your savings
- Savings go into an FDIC approved account
- Create joint goals with family and friends
Cons:
- You must be a member and pay a monthly fee to use the app
- Withdrawals take one to two business days
- ATM fees may be incurred
6. Digit: Best for Ease-of-Use
Why we chose it:
- If you want to track debit card spending habits and income patterns while automatically saving money on the move, it doesn’t get much simpler than having a Digit account. This app calculates what you can realistically save each day and moves small amounts around by itself to help you meet your targets.
Features:
- Enjoy easy money saving opportunities
- Save automatically into an FDIC insured account
- Earn a 0.10% annualized savings bonus every 90 days
Price:
- $5 per month
Bank sync:
- Yes – link any bank account type
Free trial:
- 30 day free trial available here
Pros:
- Digit account analyses your financial data and does all savings calculations for you
- Enjoy bank level security
- Try out the free version before you buy
Cons:
- Limited control over the amount your Digit account transfers each day
- Auto-savings could cause an overdraft if you’re not careful
- Other apps offer more flexibility
7. Mint: Best for Free Budgeting
Why we chose it:
- Mint boasts over 25 million users who are all busy taking advantage of this intelligent app’s investment account tracking tools, bill payment reminders and other great perks. If you want a free app that offers free credit score checks and excellent budgeting tools, Mint is the one of the best money app deals available right now.
Features:
- Free version available to all
- Clever investment accounts tracking tools
- Complimentary credit score checks with TransUnion included
Price:
- Free
Bank sync:
- Yes – link to any bank account type
Free trial:
- N/A
Pros:
- Free to use with no monthly fee
- One of the budgeting app best deals available right now
- Tons of great budgeting features on offer
Cons:
- Lots of in-app advertisements for playing games and other products
- Technical issues are common
- Budgeting system features are limited
8. Zeta: Best for Couples
Why we chose it:
- If you want to save money using your joint account, Zeta is one of the best money saving apps on the market for couples right now. Whether you are married, engaged or just living with your spouse, Zeta enables you to sync all your accounts to track spending, keep on top of your net worth and more.
Features:
- Specially designed for couples
- Offers early direct deposits, contactless payments and more
- Compatible with multiple bank accounts, including joint accounts
Price:
- Free
Bank sync:
- Yes
Free trial:
- N/A
Pros:
- One of the best free budgeting apps available
- Excellent banking data encryption
- Bank level security
Cons:
- Joint accounts receive a low APY rate
- Some competitors offer greater flexibility
- Might not be so good for single savers
9. Simplifi: Best for Cash Flow
Why we chose it:
- If you need a mobile banking app that’s certain to boost your cash flow, it’s hard to beat Simplifi by Quicken. Get a personal finance spending plan tailored to suit your needs and backed up by real-time updates, the ability to manage bills and cancel subscriptions, and intuitive tools to help you track spending on debit card or contactless payments.
Features:
- Cash flow customization tools
- Clever watchlists that help you track spending
- Fully editable spending plans
Price:
- $2.99 to $3.99 a month (or $35.99 annually)
Bank sync:
- Yes
Free trial:
- Free trials of up to 30 days available here
Pros:
- Great monitoring tools available
- Limit spending by category or payee
- Access endless educational blogs, watch videos and other content
Cons:
- Expensive compared to competitor apps
- Technical issues are common
- Not as easy-to-use as other apps
10. Wally: Best for Additional Features
Why we chose it:
- Tech-savvy individuals who want access to spending insights, customizable goal-setting tools and data-driven tips on how to improve their spending habits will absolutely love Wally. This is one of the easiest-to-use apps we’ve seen – and the free version offers pretty much all the tools most people will ever need.
Features:
- Easy-to-use expense tracking tools
- Create shopping lists and discover new spending insights
- Cut down on impulse shopping
Price:
- Free option for basic version
Bank sync:
- Yes
Free trial:
- N/A
Pros:
- Track your spending automatically
- Get clear insights through a logically-organized interface
- Wally consistently gets glowing customer reviews
Cons:
- A fee is charged to upgrade to the Wally Gold premium version
- Budget by category tools aren’t as detailed as with other budgeting apps
- No promo codes or coupon codes are available for Wally Gold
11. Spendio: Best for Stock Market Invesment
Why we chose it:
- If you’re a stocks and shares investor, Spendio allows you to create color-coded reports for all your different investments while simultaneously tracking your day-to-day expenses elsewhere. This expert budgeting app is also great for iPhone and iOS users, as it can be cleverly paired with your Apple Watch and other devices.
Features:
- Create goals and allocate budgets with ease
- Track your expenses in real time
- Excellent support for iOS devices
Price:
- Free
Bank sync:
- Yes
Free trial:
- N/A
Pros:
- Excellent support for iOS devices
- 100% free to use and save more money with
- Customizable stock market reports
Cons:
- Not so good for Android users
- Simplified budgeting app tools might be too basic for some users
- Features are a bit limited
Which Money Saving App is Best? – Table Comparison and Verdict
With so many amazing budgeting apps on the market, it can be difficult to pin down which app is the best fit for you. The table below compares Loan Advisor’s favourite money saving apps right now in a few key categories to help you make a final decision.
| Monthly Fee | Free Trial | Bank Sync | Security | Best For | |
| YNAB | $11.99 | 34 Days | Yes | 128-bit Encryption | Overall |
| Planner Bee | Free | N/A | Yes | Encryption, Firewalls and Privacy Filters | Expense Tracking |
| Zenmoney | Free | N/A | Yes | 256-bit AES Encryption | Financial Self-Improvement |
| Acorns | $1 to $5 Depending on Account Type | No | Yes | 256-bit Encryption | Investment Accounts and ETFs |
| Qapital | $3 to $12 Depending on Preferred Tier | 30 Days | Yes | Strongest SSL Encryption Available
Insured by FDIC |
Goal Setting |
| Digit | $5 | 30 Days | Yes | Anonymized Personal Information
Insured by FDIC |
Ease-of-Use |
| Mint | Free | N/A | Yes | Software and Hardware Security Measures | Free Budgeting |
| Zeta | Free | N/A | Yes | PIN Protection and More | Couples |
| Simplifi | $2.99 to $3.99 Depending on Plan | 30 Days | Yes | 256-bit Encryption
Secured and Regulated by Quicken |
Cash Flow |
| Wally | Free (for Basic Version only) | N/A | Yes | End-to-End Encryption
PCI Compliant |
Additional Features |
| Spendio | Free | N/A | Yes | Encrypted | Stock Market Investment |
As you can see, your unique goals and expectations will always determine which of the above budgeting apps is the best fit for you. YNAB is the best all-rounder for savers who are serious about supercharging their budgeting skills, but Spendio might be a better match for people who invest in stocks or have an Apple Watch. Meanwhile, Zeta is great for couples who want to connect joint accounts and Mint is our top choice for anyone who wants a 100% free money app.
Our Money Saving App Review Methodology
To reach our conclusions, we closely compared each app’s pricing structure, available features, all-round functionality and security policies. We also checked out real-world consumer reviews and what kind of coupon code or free trial opportunities were available for each app at the time of writing.
Common FAQs About Money Saving Apps, Bank Accounts, Saving Account Apps and More
1. If I want to save money, how much should I save monthly?
The average Singaporean saves personal capital of up to 20% of their income each month. That said, the amount you’ll need to save could vary if you need to pay off debit card bills, credit card accounts, student loans or any other debts – in which case you might want to consider personal loans rather than just budgeting apps.
2. What features should I look for when choosing the best money saving app?
This will always depend on your unique needs and savings targets. Think carefully about how much money you need to save, what purpose you need the app for, and which app will fit best into your daily lifestyle.
3. Which money saving app is the best free budgeting app?
Right now, we think Mint is the best free budgeting app on the market, due to its clever investment tracking tools, stellar reputation and amazing bonus features.
4. Which money saving app is the best paid budgeting app?
YNAB tops the board as our best overall money saving app. The app’s proactive approach to savings and investments offers the most potential for long-term change to your saving and spending habits – and YNAB’s digital tools are truly state-of-the-art.
5. Which bank accounts or savings account is best to help me save money?
Lots of bank accounts here in Singapore offer excellent online banking tools, signing bonuses and incentives to help people save money. If you want the best bank accounts or savings account, you should compare providers in terms of interest rates, bonuses and other perks to make an informed decision on which account is best for you.
Which Money Saving Apps are Best? Our Final Conclusion
Whether you want an app that rounds up spare change to the nearest dollar and reinvests it on your behalf, an all-in-one bank monitoring app or just a quick and easy way to track spending or keep on top of investment accounts, there are tons of great apps out there right now. YNAB is Loan Advisor’s favourite all-rounder, but everyone’s needs are different. Before choosing which app is best for you, it’s important to consider:
1. Your Overall Goals and Savings Plan
Whether you want to make more money on stocks and shares, build up funds for a retirement account or just reduce the amount of time you spend shopping online, budgeting apps are usually designed for one or more specific purpose – so choose wisely
2. How Much Money You Want to Save
A good budgeting app should help you cut costs and save money – but you should think carefully about how much money you really want or need to save first. This will help you pin down your perfect app in minutes.
3. Whether a Budgeting App is Really Enough
Saving some spare change here and there is one thing, but if you have debts or financial complications, you might want to consider other finance options like personal loans, for example.
Loan Advisor is a one-stop shop for all your needs in terms of personal finances. Compare and apply for personal loans, get the latest financial, savings, budgeting apps and stock market news, and more.
