- I think we all know that the smartest way to buy something
is when we can actually afford it.
But to afford that particular thing
we need to save up for it, right?
Most of us don't have an extra 8 to $10,000
laying around to buy our next car.
Most don't even have an extra $1000 on hand
to buy their next smartphone, or else the majority of people
wouldn't be taking on monthly payments to have it.
The trouble is that it's really not easy to save money
sometimes, especially on things we know we should.
This could be because we have mortgages,
car loans to pay, and our past mistakes
still lingering from things like college debt.
Look, it's easy to set a savings goal,
but executing the goal and making it to the very end
is where it can get a little bit squirrely.
This is usually the case with those longer term goals.
In this video I'm going to show you
the ultimate solution to your money savings problem
with one of my absolute favorite apps.
If we need a little help with saving money, then why not
use technology to help crush those savings goals?
I should also mention that you'll get a free five dollars
for completing your first deposit with this free service.
Who doesn't like free money?
Hey, I'm Jarred from Debt Free Blueprint,
where I show intelligent people like you
how to get out of debt and create freedom
through your finances using the Debt Free Blueprint.
Don't forget to smash that thumbs up button,
and leave a comment down below to let me know
what you're trying to save up for.
If you want more personal finance videos like this,
then hit that subscribe button and the notification
so YouTube knows to deliver them to you.
To give you an overall idea of how this video
will be structured I'll walk you through
setting up an account, show you how to set up
a savings goal, and the types of goals that you can set up.
Show you how to fund those goals with rules that you choose,
which is probably the coolest feature.
Share with you a goal that I'm saving for,
and the process of what things look like
from withdrawing the money from your account.
I'll also answer some comment questions
towards the end of the video.
Drum roll please, the app that will teach you
how to save money is called Qapital.
Yes, I said Qapital with a capital Q.
Qapital is a way to create a goal
to save up for something specific
and choose exactly how you save for that goal
based on rules that you set up for yourself.
There's a lot of apps out there to help you save money.
The thing that sets Qapital apart
from the rest is how you save the money.
The process of setting up
a new account is super, super easy.
It shouldn't take you any more than 10 minutes.
You want to use the link in the description
of this video to get a free five dollars.
You'll receive this once you complete your first deposit
from the goal that you set up.
Once you create an account you will link your bank account.
You will do this by logging in through the username
and password you use for your normal online banking.
Qapital works with all major national banks,
and even a ton of smaller regional ones as well.
Once you create an account Qapital
will create a checking account for you,
so it has somewhere to deposit the money
that you set aside for different savings goals.
Let's take a look at my account
so I can walk you through some of these things.
So, let me walk you through how to set up a goal in Qapital.
Find the app right there, and I have mine set up
to where I can use my fingerprint.
And once you log in you have this plus sign up here
to the top right, so go ahead and hit that.
We'll create a goal just for fun.
They have some preset goals just naming-wise,
that's pretty much all it is.
I like to go with something else,
just so I can start from scratch.
And then, from here the goal
and the name is what you're gonna choose.
Let's say we want to call this,
we want to buy donuts, I love donuts.
We're gonna save up for some donuts.
Donuts, probably the most expensive donuts
you've ever seen in your life, but that's okay.
Next, what's cool is when you create a goal
you can create a cover photo, just as
kind of visual motivation if you will.
So, we'll go ahead and search the web for some donuts.
All right, already have it typed in there.
Let's pick this one, a little variety I like it, I like it.
Now, how much do we need to save
for this donut, or donuts, we'll call it $100.
The most expensive donuts this side of the Mississippi,
but they're delicious, they are so delicious.
So, we put in our amount there.
Next, this is another feature I want
to mention real quick is savers.
This is a cool feature that Qapital has.
Say that you and a couple of friends decide
that you want to take a vacation in a year.
A friend-cation we'll call it,
and you each need to save up $1000.
Well, you can add different savers to different goals.
So, say you, Jimmy, and Sally want to save up $1000 each.
Well, you can all keep track
of everyone's progress by adding different savers.
So, say you're three months out from the friend-cation,
and Jimmy hasn't saved up anything at all.
You can say, Jimmy, get your stuff together
or else guess what, you are not going on the trip with us.
So we are not adding anyone for this little donut goal.
Now, what sets Qapital apart from the other, I guess,
kind of savings apps is this, the active rules.
The rules that you decide to use
when saving up for each goal.
This is basically deciding how you're going to save it up.
Now, you can do different preset options
that are already right here, which is if you want
to take 10% of your income every time you get paid,
set it, and forget it a dollar a day.
Or they have so many different options
for different rules that you can do.
Once again, that's set it and forget.
You can save X-amount of dollars per day or per week,
whatever timeframe you want to choose,
which is a really cool feature.
And you get to choose the bank account
that you are funding this goal with.
Then, let's see some other ones, you know, round up rule.
So if you spend $1.50, then you tell the app
for this rule I want you to round up to every dollar.
So every time you spend money it would round up
to the nearest dollar, and it would save that difference.
Guilty pleasure, but the coolest one I think
is this right here, the customizable rules.
Now, this is more fun than anything.
They have a whole bunch of different preset options
that you can choose that will help you save
under different circumstances.
For example, save every time you post
a photo to your feed on Instagram.
You link your Instagram account
and then it just starts saving,
it's pretty awesome, same thing with tweeting.
And then there's even more down here with this IFTT.
Now, if you're not sure what IFTT logic is
it basically stands for if this then that.
If it snows outside, then you save that, that amount, right?
So you get to choose the different type.
And this is a lot of fun actually.
For example, if I wanted to set up a rule
for this video you're watching right now
to save every time I get a particular
like on a YouTube video, then I can do that.
It's just another way to kind of gamify savings.
Now, let me show you what my savings goal looks like,
one that I'm saving up for right now.
So, I'm very into physical fitness
as some of you know, and I need another kettlebell,
a new kettlebell to workout with.
A heavier one because I've kind of outgrown
the ones that I have right now.
Now, I could afford this new kettlebell outright
because I'm debt free at this point.
But I still like to flex my
little savings muscle if you will.
I want to save every single month,
and I wanted to test this Qapital app out as well.
So I created a goal, don't make fun of me,
for a Star Wars kettlebell.
And I put $100 in there for now.
I think it might be a little bit more,
but just to get started I wanted to save $100.
At this point I have my rules
set up to save one dollar every single day.
And this is kind of what it looks like.
Right now I'm at 10% of that goal,
it gives me a little reminder.
And it also gives me some recent activity
of the different transfers of money that I'm getting.
Now, in this case what happens
is every day it will save up one dollar.
It will pull one dollar from my checking account,
and it will transfer it into
this side account that Qapital has created,
it's a checking account essentially.
And then every day around the same time
I actually get a notification from Qapital on my phone.
Let me show you an example of some
of the notifications that I get to remind me,
hey, you're saving for this, this goal.
See, I constantly get one every day
around the same time telling me,
hey, you saved a dollar today towards your goal,
a dollar towards your goal.
Which is pretty cool, it kind of gives you
that visual motivation and reminds you like,
hey, you're doing something really good.
In this case this notification, whoops,
said that I, oh, shoot it went away.
It said that I was at 10% of my goal,
so I don't have to technically log
into the app to see how much I've saved
because I'm constantly getting those notifications.
Now, you can turn those notifications off
no problem, it's not a big deal.
But this is definitely one of
my favorite ways to kind of save.
And I think this is really going to help
every single one of you when it comes to saving up
for things and having a lot more fun with it.
Now, let me answer a few common questions
that I had that you might have as well.
This sounds a little too good to be true, so are there fees?
There are no fees to use this app,
and there are no fees to withdraw your money at all.
Another cool feature of Qapital
is that you can request a Visa debit card for the account
that Qapital sets up to store all of your goal money.
So you'll have complete access to it at all times.
Is your money safe, it's as safe
as any other regular bank where you put your money.
If you have any more questions, then feel free to leave them
in the comments below, and I'll answer them for you.
As difficult as saving money in the present might be,
it's going to make things even more difficult
for us in the future if we don't start today.
If there's one benefit I've noticed from learning
how to save on a regular basis,
it's that it gives my future self
more power and options in every aspect of my life.
I encourage you to even start small,
open up a Qapital account, and create a goal
to save one dollar per day.
For the cost of a coffee a day you can start
setting aside money for a new set of tires
that you'll need in the next couple of years,
holiday gifts in December, your debts,
and any other expenses you'll have in the future.
If you need more help with managing your money,
then sign up to get on the money management course
waiting list, where you'll learn how to take control
of your money, link is in the description.
Make sure to smash that thumbs up button.
And pick up your free copy of the Debt Free Prep Workbook.
Hit that subscribe button and the notification bell
to get more personal finance videos
just like this, so we can start getting you
to a point you're financially free.
I'll see you in the next one friends, adios.