Sisters, how y'all feel? Brothers, y'all alright? <Erykah Badu voice>
With so much happening lately, it’s easy to feel a little out of control.
But, if you’ve been hanging with me for a while… you know I’m all about giving you the tools and resources you need for financial wellness and to live your best (money) life… no matter the weather!
And now (especially now), is no exception to that rule.
So, I would be DEAD WRONG if I didn’t introduce you to a money management App that Apple crowned a “New App We Love” and Time Magazine listed as one of the “Best Apps of the Year”. *swoon*
Grab a 30-day complimentary pass to join the 650,000+ folks like me who are already loving Empower here.
What’s the Empower App?
It’s one of my favorite ways to budget, earn, and save… MINUS all the hard work.
Empower carefully analyzes your money habits to help you grab hold of your daily spending and turn any extra coins it finds -even if it’s only pennies or a few bucks- into a growing savings pile that earns daily interest.
And, there are plenty of other money tools you’ll have right at your fingertips that make Empower BAE.
Tools like budget tracking… smart recommendations… money coaches on standby (like real people)... and an interest-earning checking account option.
Let’s dig in!!!
How Does Empower Work?
Whew, I thought you’d never ask...
To get going, just take two minutes (*no typo) to: download the Empower App, introduce yourself by inputting your basic info, and then link your checking account so you can start getting some help saving your coins.
Security Note: Empower keeps your account information safe and sound with full, bank-level security protections (like encryption, touch ID and multi-factor authentication) and your cash is 100% FDIC insured up to $250,000 per standard bank insurance coverage limits.
Now that you’re set up, every time you open the App… you’ll see a handy dashboard with a snapshot view of your spending, saving, and budgeting.
How Does Empower Help You Save?
Don’t you just love a one-stop-shop? I know I do. What I love most about Empower is just how much you can do with your money all in one place!
Don’t believe me? Check out some of my favorite features.
Automate Your Savings:
This isn’t your ordinary automation feature; Empower has a unique system to help you find a little bit of savings to squeeze out of your checking account weekly.
- Tell Empower your weekly savings target. Is it $5 per week? $10? $20 or more? No pressure on how much, because the key is to form a consistent savings habit and just get started with whatever you can spare!
- Next, their software will get to work studying your income and expenses.
- Throughout the week, Empower will squirrel away small amounts of money from your checking account to your savings, based on what it detects (transferring a little more if it sees you’ve got excess cash, and less money if it sees your expenses trending up).
So basically, your only job is to tell them how much you want to try to save each week… and then they do all the work!!!
Sweet, right?! I wish “all the things” worked this way.
You already know I looovve BUDGETS!! Now, you will too because Empower makes it ridiculously simple to track and control your spending.
- Choose from a list of standard budget categories (e.g. Groceries, UberEats, Amazon, Target, Personal Care) or create your own custom budget categories
- Set your spend “limit” for each category. For example, you say you only want to spend a max of $50/month at Target (good luck with that).
- Empower will notify you to keep you honest about your progress to stay within you designated spend limits
BONUS: You’ll also get a monthly overview of your income and expenses (kind of like a progress report for your money) and helpful tips on how to spend more wisely in the future.
It’s like having a personal financial guru in your back pocket!! *fancy*
Empower keeps an eagle-eye on your account activity and brings to your attention things like bill increases, potentially missed payments, credit utilization creep, subscriptions you may want to cancel, and more.
Empower will also be on the look-out to share deals that can lower your phone, cable, and internet bills! If you need help with that process, they have a program to negotiate on your behalf to lower them.
BONUS: If you’re feeling lost and need a little extra money guidance, they have real-life coaches on standby to chat with for help with money situations. Maybe you just got engaged and want to start a wedding budget? Or, you’re thinking about if you should refinance? Empower can help you sort it out!!
If you happen to need a new checking account, Empower has you covered there too… with no account minimums or overdraft fees! Saaayy Whaaat?! Yup!
Just like with your Empower savings account, you get 0.25% APY* on all your money (a higher rate than most traditional banks) and you’ll have Visa Zero Liability insurance coverage.
There are unlimited transfers… 3 monthly ATM reimbursements^… and all deposits are FDIC insured up to $250,000.
You can re-order your debit card, freeze your card, and get 24/7 notifications tracking your spending all within the app.
I meaaann, does the perfect financial management app really exist?! Not sure, but I’m just saying… *wink*
Ready to grab your 30-days COMPLIMENTARY access to Empower courtesy of The Budgetnista (me in third person) to check things out and see how you love it?!! If you stay after your free 30 days (no obligation, but you will), it’s $8/month. Download the app HERE!
Are you feeling Empower-ED to start budgeting, saving and earning with ZERO stress? *high five*
My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective over her. Before I share any product or service with you, it must pass my Lisa Rule. What’s the Lisa Rule? If I would not advise Lisa to use a product or service, I won’t advise you to. YOU are my Lisa. I feel protective over you and your financial journey. Empower passes my Lisa Rule. Yes, I am an affiliate of Empower, and I earn a commission off of referrals, but I would not recommend a product or service that I didn’t believe was helpful and useful.
* Banking services for new accounts provided by nbkc bank, Member FDIC. 0.25% Annual Percentage Yield (APY) may change at any time. APY as of Apr 23, 2020. Empower charges an auto-recurring subscription fee of $8 for access to the full suite of money management features offered on the platform after your first 30 days.
^ Reimbursement for up to 3 ATM fees per month, with a maximum reimbursement of $10 per ATM withdrawal.