For consumers that struggle with remembering to put money away, the Digit savings app is designed to help automate the process and put a portion of tax returns away in the interest of the consumer. The app helps to remind consumers that are busy or absent-minded when it comes to finances, to invest into their savings with a pre-programmed draw system.
The Digit app is ideal for consumers that want an active reminder to put money away into savings. The platform leverages automated technology to help consumers save their money. Users enter into the app the amount of their federal tax return they would like to put away. This way when the return is automatically deposited into the consumer's bank account, the app pulls the pre-chosen portion out and puts it aside.
Automated Savings Apps
The Digit Platform Helps to Automatically Put Tax Savings Away
Trend Themes
1. Automated Savings - The Digit app automates the savings process, making it easier for consumers to save money.
2. Reminder Apps - The Digit app serves as a reminder to put money away, addressing the issue of absent-mindedness when it comes to finances.
3. Pre-programmed Draw Systems - The Digit app uses a pre-programmed draw system to automatically set aside a portion of tax returns, providing a convenient saving mechanism.
Industry Implications
1. Financial Technology - Automated savings apps like Digit are disrupting the financial technology industry by revolutionizing the way people save money and manage their finances.
2. Personal Finance - Automated savings apps address the need for better personal finance management, offering a solution for individuals who struggle with saving money.
3. Mobile Banking - Automated savings apps, such as Digit, are driving innovation in mobile banking by integrating seamless saving features into banking applications.