So my first and and most rewarding passion is dance, but I also have an affinity for business, finance, and startups. My degree (entrepreneurship) and my job (content marketing) puts me into a place that a lot of my other dancer friends aren’t as comfortable or familiar with. I enjoy talking about finance and checking out the latest apps and trends so I figured I’d write it down for you!
Money Saving Apps I Like
I love startups. Testing and trying something new. There are three new and trendy personal saving apps that are perfect for dancers (and everyone).
Digit.co is an app that you sync with your checking account. It reads your income and spending habits and “steals” small amounts of money from you. A few bucks here, a few bucks there. Since they’re typically small amounts, you don’t even notice it. It’s completely painless. I signed up for Digit in August and have since saved over $700
Um, holla. This is now my emergency fund. If I get hit with an unexpected expense, no sweat. Sign up here. If you sign up through this link, I will receive a few bucks as an affiliate.
Acorns is similar in that it takes money without you really noticing. With every purchase you make, it rounds it up to the nearest dollar and invests it into a working portfolio. For example, you buy a $4.50 coffee, Acorns rounds it up to $5 and invests that .50. It costs $1 per month which is dirt cheap and a great way to introduce yourself to investing and financial lingo.
So I actually haven’t used this one, but i’d love to hear from you if you have. It helps freelancers by leveling out their whacky seasonal and fluctuating income. This seems like it could be perfect for choreographers who make most of their money in the fall. The app will read your past deposits and make a monthly average.
On good months, it will save your excess and give it to you later. If you ever have a bad month, it has the option to lend you money (something I wouldn’t recommend unless necessary) so you meet your monthly minimum. Again, would love to hear from someone who has tried this.
The most important thing is to save. Whether you’re doing automatic withdrawals, using a trendy app, or hoarding cash underneath your mattress (not recommended), it’s important to save. From my experience, most dancers just don’t have time to find good solutions for saving money (they’re too busy teaching). Hopefully this post has introduced you to a new concept! Happy Saving.