Skip to main content

For group vacations, or just pizza, Clink makes it easier to save with friends

Clink

You’re not meant to mix business with pleasure, but now that you can do it conveniently, the rules may be changing. Clink, a no-fee savings and investing app, just rolled out a new feature that allows groups of users to save money together. Now you can save for a group trip with friends, split large purchases with family members, and otherwise deal with the sticky situation of asking people (whom you know) for money.

The new group savings feature aims to turn passive saving among family and friends into a routine practice, according to Clink. Simply set a group savings goal and a target date, then invite participants to join in on the money-making venture. Funds are invested into a diversified investment portfolio made up of Exchange Traded Funds, or ETFs, which Clink claims will expedite the saving process. And because there are no commissions or hidden fees involved in the app, what you see is what you get. And what you get might be a family vacation. 

So how does each friend or family member determine how much they’re responsible for contributing? As Clink explains it, each member is assigned a proportional amount based on the size of the group. Contributions can either be made on a set schedule from a checking account, or users can send a fixed percentage from their credit card purchases to help reach their segment of the goal. And to make sure that everyone stays on track, Clink will track customers’ progress and send reminders if the saving appears to be stagnant.

But once the target has been reached, Clink sends out the best group text of all, prompting members to withdraw and spend.

“The group savings feature was designed for our users who want to simplify and add transparency to the process of raising funds between multiple people,” said Eyal Fruchtman, founder and CEO of Clink. “Group savings is able to make the process of saving for important moments – like the next big vacation or even a wedding present – seamless. This is especially useful for long-term goals and can reduce some of the burden associated with putting money away.”

Editors' Recommendations

Lulu Chang
Former Digital Trends Contributor
Fascinated by the effects of technology on human interaction, Lulu believes that if her parents can use your new app…
Buying an iPad Mini today? You need to know about this deal
The Apple Pencil attaches to the iPad mini magnetically.

If you've had an eye on iPad deals for the latest model of the Apple iPad Mini for a while now, this may be the offer that you've been waiting for -- a $100 discount from Best Buy on the tablet's Wi-Fi, 64GB model, slashing its price to $400 from $500. It's still pretty popular years after its release, so we don't expect stocks of the device for this sale to last long. If you're thinking about taking advantage of this bargain, you better push through with your purchase as soon as possible to make sure that you don't miss out on the savings.

Why you should buy the Apple iPad Mini 2021
The latest generation of the Apple iPad Mini was released in 2021, but it's still featured in our roundup of the best iPads because it's the model that you should buy if you want a smaller and more compact version of Apple's tablets. Its 8.3-inch Liquid Retina display is smaller than the screens of its peers, but it's still big enough to enjoy watching streaming shows and browsing websites, while allowing you to use the device with one hand. Unlike its predecessor, there's no Home button, so the Touch ID sensor is instead built into the power button at the side of the Apple iPad Mini 2021.

Read more
Microsoft Surface Laptop 5, Surface Pro 9 heavily discounted today
The Surface Pro 9 in laptop mode on a table.

Microsoft's Surface devices are well known for their versatility and performance, but they command premium prices. That's why there's always high demand for Surface Laptop and Surface Pro deals, as who doesn't want to enjoy a discount when making a huge investment? If you're interested, Best Buy is offering the Microsoft Surface Laptop 5 at $300 off, which brings its price down to $1,000 from $1,300, and the Microsoft Surface Pro 9 at $540 off, which lowers its price also to $1,000 from $1,540, ahead of the arrival of the consumer versions of the Surface Laptop 6 and Surface Pro 10. You need to push through with your transaction as soon as possible if either of these bargains caught your attention, as we're not sure how much time is remaining before they disappear.
Microsoft Surface Laptop 5 -- $1,000, was $1,300

The Microsoft Surface Laptop 5 is a traditional Windows 11 laptop that's powered by the 12th-generation Intel Core i5 Evo processor, Intel Iris Xe Graphics, and 8GB of RAM. It won't match up to the performance of the best laptops, but it's going to be more than enough to handle daily tasks for work or school. The laptop features a 13.5-inch PixelSense touchscreen with vibrant colors and sharp details, a battery that can last up to 18 hours on a single charge, and a 512GB SSD that provides ample storage space for your files. The Microsoft Surface Laptop 5 also comes with a 720p webcam and dual far-field Studio Mics for clear video calls.

Read more
We have some bad news about the Google Pixel 9
A render of the Google Pixel 9 smartphone in black.

When the first wave of Google Pixel 9 series leaks arrived on the scene a few weeks ago, what really got us excited was the camera upgrade for the entry-level model. The leaked renders envisioned a triple-lens rear camera setup for the Pixel 9 that added a periscope-style telephoto snapper at the back alongside a radical design change.

Well, it seems those changes will remain a pipe dream, at least in 2024. OnLeaks, in collaboration with 91Mobiles, has shared alleged renders of the Pixel 9, claiming that the triple-camera devices in those leaked renders actually depicted the pricier Pixel 9 Pro and a new Pixel 9 Pro XL variant.

Read more