3 Best Apps For Savings Automation

  1. Plum — Plum analyses the money going in and out of your linked current account to determine how much you can afford to save. It also guarantees that you will never go into your overdraft when money is transferred from your current account into Plum. However, if that did happen, they promise to refund any fees. Using the app you you can tell Plum whether you want to increase or decrease the amount you want to save. You have a choice of modes:
  • Beast Mode — 75% more savings (my personal favourite)
  • Ambitious — 50% more savings
  • Eager — around 25% more
  • Normal
  • Chilled — around 25% less
  • Shy — 50% less in savings
  • Rainy Days Savings — Plum is probably the first company to take this saying literally. Every time it rains, Plum will set money aside for you.
  • 52-Week Challenge — The first week, you will save £1 with Plum and this will increase by a further £1 every following week. Keep this up and in one year, you could save £1,378.
  • True Balance — giving you spending limits so you don’t overspend before pay day.
  • Goals — Set yourself a target amount.
  • Diagnostic Reports — Allows you to compare yourself with other Plum users in a similar position.
  • Pockets — Separates money into different savings pots.
  • Exclusive Deposit Rules — Allows you to create different saving rules.
  • Fixed Term Savings Account
  • General Investment Account
  • Lifetime ISA
  • Stocks & Shares ISA
  • Round ups — Just like Plum, you can ask Moneybox to ’round up’ every time you make a purchase.
  • Weekly deposit — Arrange a set amount of cash you want to transfer over from your current account each week.
  • Payday boost — Arrange for a set amount to be transferred close to payday.
  • Super round ups — Double your round up value if you find that round ups aren’t enough
  • One-off deposit — Make a one-off transfer, if you find yourself with a bit of extra money.

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Finance professional, blogger and a firm believer in making money work for you, instead of you working for it.

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Kalpen Patel

Kalpen Patel

Finance professional, blogger and a firm believer in making money work for you, instead of you working for it.

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