Have you ever left with nothing in your bank account at the last of the month and try to figure out where you have lost all the money? Always tried to save something by putting aside but you other minds keep pushing you towards the saved money to get new a jacket. We all wanna save money but there is always something comes us to more priority that makes us spend that money. We all thought that we keep some money aside and forget about it to save it from getting spend, not possible.But now we can do it with the help of mobile app technology, an application that helps us with a trick to save the money. Chip, an application that very secretly saves the money from your account and at the end delivers you the saved amount.What is Chip?Simon Rabin and Nick Ustinov The founders of the app Roamer, an app that allows the user to make and receives a call from abroad using their mobile numbers over wifi, avoiding network charges. The duo came up with new venture Chip, the micro-saving app for the millennials who need a nonconventional way to save.According to Rabin weekly saving is not the solution as we don&#39;t spend same each week. Our generation is more spontaneous in spending as compared to our parents and Chip reacts to that expenditure.The app first analyses the expenditure of the user and built an individual expenditure curve. And monitors the spends made by the user for two-three days in relation to the average curve. If the user has spent less than the average amount then it maintains the difference by putting the extra amount in the ds savings accounts within the app.The chip works like, it will deduct some amount to bridge the gap between actual spending and average spending. You will notice the transaction as a normal transaction of the week for what the app is designed for and it will add up the amount to the saving account.Tough Competition There are already some apps in comparison to Chip that follows the same approach to save the user money. Pinky is another micro-saving app that works on the same technique by saving an affordable amount from the user. Folio is directly linked to the user&#39;s debit card to help the user in saving. In coming time banks are going to launch their own micro -saving app. HSBC is planning to come up with the Smart Save app that allows the user to round up spending to the nearest pond, like an online change jar. Same wise Nationwide&#39;s saver encourages the user to make some spontaneous savings.So in the app world, we have pretty much of saving apps. Let&#39;s see can Chip outrun all the others with its more structured and precise mechanism.