But co-saving can be a powerful way to reach a group goal, whether it's marking a big birthday in Cabo San Lucas or renovating a bathroom in your new house. While tech apps like Twine and Tanda are the latest way to save together with partners, family, friends or even strangers, the methods they use are age old. The Tanda app enables small groups of individuals to come together and save money for short term goals. The Tanda app makes a few tweaks on the tandas of old. Sure, you could each just pocket the money in a savings account adjacent to your checking.

Source: CNN February 14, 2018 15:56 UTC