Saving money is one of those things that sounds easy in practice, but when it comes to actually doing it...well, that’s another story. Well thankfully in this modern age we don’t have to go it alone – there are a whole of helpful apps out there to help you be a super saver and we’ve put together our favourites for you.
Now this is a bit of a cheat because Plum isn’t technically an app. Plum is a chatbot that uses Facebook Messenger and smart technology to help you save money – it’s basically like having your own personal finance advisor. Except it’s a robot!
You give it access to view your bank account and it calculates how much you can save each week based on your income and outgoings and how much you’ve saved each week. You can send commands to Plum too. If you want to take £10 out, simply message Plum ‘withdraw 10’. If you want to save more next week just write ‘save more’.
Revolut is a really handy alternative to the traditional high street or even other online banks. Over three million people have opened a Revolut account, which allows you to spend or transfer money abroad without having to pay a fee. And also unlike banks, opening a Revolut account only takes a few minutes using their app.
Another handy feature is Revolut Vaults. Vaults is an easy tool to help you reach your financial goals, Whether you choose to round up every transaction, set up a recurring payment or simply make one-off contributions, you’ll be able to set up a Vault in seconds and immediately start saving.
Loot is a current account managed through an app, with one of the major benefits being that you get yourself a contactless Mastercard as part of the deal, meaning you get all of the perks of a Mastercard credit card as well as personalised features to manage your money.
Cleo was born out of the belief that the other banking services or products available simply aren’t good enough. Similar to Plum in that it’s Facebook Messenger-based, you can ask Cleo anything from ‘what’s my balance’ to ‘can I afford a coffee’, and she’ll do the calculations instantly as well as providing personalised updates, graphs, and data-driven insights.
If you find it hard to keep track of your bills then Mint is the app for you. The Mint app lets you create budgets and makes suggestions based on your spending and income like the others, but Mint also sends alerts whenever it's time to pay a bill so you never miss one.