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Save Money with Chime
Let’s face it, no matter how much money you make, seeing money come out of your account and going straight towards rent and other living expenses each month is never going to get easier. You work hard for your money so seeing it go straight to bills and rent can be a bit of a blow, but trust me, there’s a way to gain cash rewards and save money without the hassle and I’m here to unveil the details on how to save money with Chime.
If you know me, you probably already know that I am always on the hunt for a good deal. As a 20 something stuck in an entry level job, I don’t have tons of extra money to spend, so I have to work with what I’ve got while still saving a little money for retirement too. Whether it’s a great sale at my favorite store or finding a killer Groupon deal to get a discount on an activity I really want to do, I’m all over it. I truly love high end items but have a difficult time paying the absurd price because with my luck, as soon as I buy it – it will go on sale the very next week.
Enter Chime – Chime is an online banking service that makes paying for things a little more fun. Chime knows you’re balling on a budget so there are absolutely no hidden fees like those pesky overdraft fees when you get a little too happy with your debit card over the weekend – let’s face it, we’ve all been there. Another perk of Chime is that over 24,000 ATM locations waive the ATM fee. How cool is that? I don’t know about you but I absolutely hate having to pay an extra $3-5 bucks to withdraw money from an ATM so that’s a huge selling point for me. Your whole bank account can be managed from your smartphone and the Chime app makes sure that you know exactly how much is in your account after each purchase so you are in the know about your finances.
Chime also offers an automatic savings program. Each time you use your Chime card to pay a bill or make a purchase the transaction amount is rounded up to the nearest dollar and is then transferred from your checking account to your savings account. Every Friday Chime pays you a 10% bonus on your weekly round ups. To lay it all out for you, if you use your Chime card twice a day on average, you’ll end up saving about $400 a year without giving it a second thought.
Like I mentioned above, I love saving money so I am all about a little extra money at the end of the year without having to physically transfer it to my savings account. Automated savings is key for those of us who are on the go and don’t always have time to worry about transferring money from one account to the other.
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Do you want to save money with Chime? I’d love to know your thoughts on this revolutionary service.