How To Use Apps To Manage Your Money
Do you struggle with making your money last much past pay day? You’re not alone! It is common to struggle with your budgeting; especially if you are paid monthly.
If knowing how to manage your money makes you sit there scratching your head, wondering where on earth it has all gone, then keep reading. This could be the perfect solution!
By using apps to help control your spending, it takes the strain off having to manually keep track of every aspect of your finances. Here, we look at 5 apps that can help you manage your money, in less time than it takes to have a coffee!
Plum
Plum works to save you money, by rounding up on all of your expenditures, and putting that money into a separate savings account. For example, if you grab a coffee at £3.40, it will ‘round up’ the extra 60p to bring it to £4, and pop that 60p somewhere safe. Easy to set up and link with your bank accounts, this app is an easy and fairly unnoticeable way to save without feeling the pinch. It also gives you options to invest your savings, and lower your bills if it thinks you are paying too much.
Money Box
Moneybox is similar to plumb with how it works; it also rounds up money, but is mainly designed to invest. You have three different investing options to choose from – cautious, balanced and adventurous. As well those, there are ISA accounts, which may be better if you are looking for help growing your money, without knowing what you are doing.
Yolt
Although Yolt is more of a money managing app, it is still a great way of managing your spending habits as you can see everything in one place, from your current accounts and credit cards, to savings and pensions. It also helps you track your money keep a close eye on what you spend, with the option to set budgets if you feel you need guidance. You can also pay your friends direct from the app too, so it really is a one stop money app.
52 Week Money Challenge
This app is designed off the back of the 52 week money challenge (also known as the 1p challenge). It aims to encourage you to stick a set amount away every week. Setting healthy saving habits into your routine, it also pushes you to budget your money, and learn to control impulse spending. With flexible amounts and timeframes, this app is a great way to save for a special occasion.
Sweatcoin
This app does involve hard work physically, but financially there is zero effort – or cost. This app makes you work for your money! It encourages you to become active by paying you for walking! Gaining daily bonuses, you earn sweatcoins, which you can spend on the marketplace, compete with friends, and even donate to charitable projects.
