Dobot is sponsoring this post.
It’s not as difficult as it seems to save for the most important things in life, especially with an app that makes saving fun and easy.
Saving money requires a purpose. We are more likely to save when we have a purpose. We are human because we set goals.
It’s true for almost everything we do.
When we want to lose 25 pounds by the wedding, going to the gym daily becomes easier. Evening classes are easier to take when you need them to get a job promotion.
Why should saving money be different?
Dobot is designed to help you visualize and save for your goals. Dobot automates the process of saving money.
Imagine being able to save money without having to do anything.
Table of Contents
Dobot: How it Saves Money
Dobot: 5 Easy Steps to Use
Dobot can help you boost your rainy day fund
Dobot Savings Movement
Dobot: How it Saves Money
Dobot automates the entire saving process by helping you visualize your goals. Dobot will start working as soon as you connect your checking account.
Don’t worry. Dobot is completely free.
Dobot offers a number of key savings features, including:
Dobot takes care of everything. Dobot calculates “safe saving amounts” every few days and moves small amounts into your Dobot account.
Scheduled Savings: You decide the schedule. Dobot will automatically save you money based on how much you choose to save and how often.
Dobot Savings
Save on Your Own – Transfer funds directly to your Dobot savings account. Open the app, and select ‘Add money’ to your goals. Or you can send a message like “Save $20” and Dobot takes care of the transfer.
It’s easy. You must be at least 18 years old, have a U.S. bank account with a Social Security number or U.S. Tax ID and an active U.S. postal address to use Dobot.
Dobot: 5 Easy Steps to Use
Step 1: Download the App
Create your Dobot account after downloading the app on your phone. Set your goals and upload photos. Connect your checking account. Select your bank from the list of thousands supported banks and enter your credentials.
To comply with anti money laundering regulations, you can only connect one checking account. So keep this in mind as you select which checking account to link to Dobot’s App.
Dobot is compatible with Apple and Android.
Dobot Download
Fifth Third Acquisition Holdings LLC is the registered owner of Dobot and D Dobot.
App Store is registered service marks of Apple, Inc. Google Play, on the other hand, is a trademark of Google LLC.
Step 2: Set Your Savings Goals
You can set goals for anything. For example, you could save money to buy a new car, or purchase a new computer.
Even if you just build up an emergency fund to cover a rainy-day (that is smart!) You can save for anything you want.
You are not confined. You are in complete control of your goals.
Dobot’s “group saving goal” feature allows multiple people to save towards the same goal. This is great for family and friends.
This feature is great for a group to save money together. You can save as a team and achieve your goal quicker.
Let’s say, for example, that you and several friends are saving money to go on a vacation in Hawaii.
Dobot tracks each user’s contributions and shows them how close they are getting to their saving goal.
Here’s a sample of how that could look:
Savings together
Step 3: Determine how much you’d like to save
Dobot users typically save $5 to $25 every time.
Dobot’s Smart Savings allows you to set a schedule for saving money.
Dobot lets you manually control the savings process. You can transfer money whenever you want.
If the request for a transfer is made before 6pm ET, it usually takes 2 business days. The money can be withdrawn immediately after it has been transferred.
Step 4: Receive regular updates about your savings goals
The app will send you a weekly SMS message with the amount of money you’ve saved. You can also access your saving activity from the app.
You will also receive a month-end email that highlights your saving activity. You can also text “Savings” to Dobot to get your account balance at any time.
Step 5: Withdraw money at any time
Dobot is not a box.
Dobot users are able to withdraw money directly from the app. You can also text Dobot a message that says ‘Save’, or ‘Withdraw.’ They ensure that your money is delivered to the right place.
The process is simple and straightforward.
You don’t need to worry if you are wondering if Dobot will be safe.
Dobot takes a number of steps to anonymize your information and encrypt it before storing it on their servers. They never store log-ins for bank accounts. Your Dobot savings will be kept in a FDIC-insured bank that offers all the protections inherent to banks.
Dobot, meanwhile, is available only to users in the United States.
Dobot can help you boost your rainy day fund
Dobot does not restrict your goals but some popular ones include travel, vacations, cars, and other expensive items. Dobot can also be used to build emergency savings.
A rainy day fund (or emergency fund) can help you with unexpected expenses, such as medical bills or job loss. Dobot can help you start a rainy-day or emergency fund if you do not have one. It’s easy.
Set up your Rainy Day Fund in the Dobot App, select your preferred contribution frequency with Dobot’s Scheduled Savings, Smart Savings or Save on Your Own features, and watch as your emergency fund grows slowly over time.
You’ll hopefully never need it. If you ever need it, you will be happy that you have the money and can withdraw it immediately.
Dobot Savings Movement
Dobot isn’t just an application. It’s a movement to encourage you to save your hard-earned money. If you complete Dobot’s Future Me challenge, for example, you will be entered into a monthly drawing to win a match of up to $100 in savings.
Dobot’s Money Movement Page has the latest challenges for saving money. You can earn gift cards, savings matches and more.
Dobot: Save money with Dobot
This article was originally published on The Money Mix. It has been republished by permission.
