Did Qapital help me save more?
Sooo if you recall, for the new year I began this experiment to see if Qapital helps me save more money than I already do. I’m happy to announce that in the past few months I’ve saved $725 more than my average savings before. I excluded my tax return from this savings amount, because I’m not sure that counts in the span of a three-month average 🙂 Life circumstances change of course, so I can’t say for sure, but there’s a fair chance that Qapital helped with some of that.
(Interested? Sign up using my referral link and Qapital app will give us both $5.)
How will I change my usage of the Qapital app?
Problem: On the downside, most of that savings was to my “general savings” not my “book launch savings”, because the only savings rules I gave for book launch were related to spending at Starbucks or Walmart – two places I try not to go to often.
Solution: I will likely be moving one rule from “general savings” to “book launch savings” to make a little more money there. I’m thinking the 1% of income rule. Tbd.
A warning for the go-getters:
Be forewarned! Qapital can only save as much as you actually have to save, except it doesn’t know that of course. My friend talks about her negative experience on her blogpost. Qapital can only help as far as you actually have money to save. So if you have a tight budget, it’s possible this app wouldn’t be the best tool for you. And if you’re a super competitive nature, don’t get too crazy with the rules on this app 🙂 Find balance.
This experiment is in flux:
I won’t be able to completely accurately continue this experiment because I’m about to buy a new car engine which will take a bunch of savings. Soooo that’ll screw up the average a lot. But I’ll keep ya updated 🙂
Have you used Qapital app? Tell me your experience. Has it helped you save? What rules do you find most useful?
Interested in trying it out? Sign up using my referral link and Qapital app will give us both $5. An easy way for you to contribute to your savings goals and my book launch at the same time 😉