Monday, June 1, 2015

Qapital Wants To Help Millennials Save Money

Qapital uses "If This Then That" (IFTTT) triggers to create a gamified savings system for millennials.

Millennials aren't saving money. When you're living paycheck to paycheck, Excel spreadsheets are not always the first thing on your mind. Services like Mint give you a broad look at your finances, but there's something missing in the app-focused millennial toolbox for saving toward goals. Swedish startup Qapital launched its saving service in March to help you regularly put away money for big-ticket items and trips, but today they're releasing something new: IFTTT (If This Then That) functionality. Now you can set up savings triggers to automatically put money toward savings goals every time you buy from Starbucks or walk another mile. Qapital hopes this new feature gets more millennials saving toward their goals—and maybe paying more attention to just what they're spending their money on.

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