"Over the years we’ve seen the emergence of a number of personal finance apps, most of which have been designed to help users create budgets, better understand their finances, and make positive decisions with their money.
Those apps were great for the small percentage of users who were already ultra-interested in examining the minutiae of where their money was going… But for those of us who don’t want to deal with the cognitive overhead and depression that comes with knowing you’re spending more than you should on things you don’t need, they weren’t very helpful."
"According to Federal Reserve data, about half of Americans have not saved a single dime for retirement. And in a recent survey, only 68 percent of Americans said they’re spending less money than they make. That means nearly one third of the country’s working population isn’t saving any money at all.
Digit is like a digital piggybank. It connects to a user’s checking account, analyzes the user’s spending habits and income history, and uses an algorithm to automatically set aside small amounts of money—usually between $1 and $150—at times when the user is least likely to miss it.
“The system looks at your balance that day and asks: ‘Is this a high balance for this person? Does this person have upcoming bills? Do they have any paychecks over the next seven days?"
Digit website: https://digit.co/