Tired of living paycheck to paycheck? We understand saving money, investing and keeping on top of your spending habits can feel like a mission, but it doesn’t have to be that way. If you’re known for spending more than what is in your account, you need to download one these best budget apps.
Not only are they great for keeping your finances under control, you can manage all of it from your smartphone! Here is a list of our top picks.
This app is great if you find it tricky to save money. It’s available for both iOS and Android, plus it’s completely free to download and use.
You must make a separate account with the Chip app which you will link to your current account. The app’s algorithms calculate how much money you use daily and help you to save money every couple of days based on your spending habits.
The money will be automatically transferred from your current account to your Chip account. So, instead of you having to do all the work, the app does the saving for you!
You can access the money at any time you please and you don’t have to worry about security, as it uses a 256-bit encryption which banks use to keep customers accounts safe. The app connects to a wide range of banks, such as Barclays, RBS, HSBC, NatWest and more.
Another smart tool if your aim is to save, is Money Dashboard. This app allows you to link all of your accounts, including current accounts, credit cards and savings, all into one place.
Money Dashboard keeps an eye on what you’re bringing in every month and where your money is going. It analyses your spending habits, so when you create a budget, the app sets you a limit based on how much you’ve cashed out.
The app is “read-only”, meaning you can see an overview of your finances, but will not be allowed to make transfers. However, it’s a wonderful tool to help you reach your savings goals.
Did we forget to mention it’s free?
We won! 🏆
A huge thank you to everyone who voted us the @BritBankAwards Best Personal Finance App for the second year running! We can’t wait to show you what we have in store.
Here are 4 of Money Dashboard’s finest users joining our Chairman to collect the award last night. pic.twitter.com/VDOfdOcJ4n
— Money Dashboard (@moneydashboard) 2 March 2018
This app definitely deserves a spot on our best budget apps list, especially if you’re a bit nuts with your money!
Although there’s a £3.99 monthly fee, the app helps you to pay, spend, and save without running your bank account dry. Once you’ve signed up, you create a separate account using the Squirrel app and link it to your current account.
When payday rolls around, your money will go into your Squirrel account. The app will automatically transfer affordable amounts into your current account when important bills must be paid, such as your mortgage.
You will receive a notification, informing you when your bill is due. The money will be transferred to your current account the day before, so you never miss a payment. The app will also make transfers into your account weekly, so you have enough money to cover daily expenses without overspending.
Squirrel also has an automatic budget. It will separate your bills, savings, daily expenses into categories and will give you enough money to cover them.
If you’re looking for ways to keep on top of your finances, then Yolt is the way to do it.
You can link all of your accounts into one place, so you know where your money is going every month. You can also view current subscriptions and previous transactions you’ve made. The app will separate your expenses into categories, including your evening adventures of eating out.
The app allows you to create budgets and will help you stick to them. Yolt is regulated by the Dutch Financial Authorities, which is recognised by the FCA, so you can rest easy knowing your money is safe.
Still not convinced? It’s 100% FREE!
If only there was an app which helped with investment, plus provides professional help ☹️
Hold on to your socks because Moneyhub is at your service! Not only does the app allow you to link your current accounts, savings and credit cards, you also have the option to include investment funds.
You can create money-saving goals which the app will help you reach. Plus, it will analyse your spending habits to help you understand where your money is going and make possible cutbacks.
That’s not even the best part! If you’re looking professional help, you can search for an adviser to consult with if say you are wanting a better deal on a product. With your consent, the adviser can share your data to help you find the right solution.
It costs £0.99 per month for a Moneyhub account or £9.99 if you’d prefer to pay annually.
Your Next Steps!
It’s important to do your homework before downloading one of these apps. If you would like advice, give us a call on 0330 041 2299, or email us at firstname.lastname@example.org.