Your spending is split into categories and tracked so you can see how much you have left until your next payday. You can use Plum to store this cash in a savings account (Interest Pocket) - but you only get one for the basic version. Key features: Plum's app features an AI assistant that analyses spending going on in your linked account, and calculates how much you can put aside every few days. PlumĬost: Standard version of Plum is free Plum Pro costs £2.99 per month Plum Ultra costs £4.99 per month Plum Premium costs £9.99 per month. However, you should note that your money is not covered by the Financial Services Compensation Scheme (FSCS).ĭrawbacks: You can't withdraw cash from an ATM with your prepaid card, and you might be able to earn more interest with your money in a regular instant-access savings account. Money you load onto the card is managed by a regulated e-money provider, Modulr FS Limited, held in segregated accounts at the Bank of England. You can also set up shared spending jars - parents can share these with their children to keep an eye on where they're spending money, and it could also work with housemates or partners for paying household bills.Īnother bonus is that you can also use your prepaid card to spend abroad, with no foreign transaction fees. You can earn interest on your money if you commit to spending with certain brands - participating retailers change fairly regularly. For example, if you link Sainsbury's or Aldi to your groceries jar, money would automatically be taken from this jar when you shop in these stores. You can auto-link individual shops to the jars, so the money comes out of your jar automatically. You can label these jars according to your spending habits - such as groceries and transport. The idea is to load your money onto the card, and then allocate it into different digital 'jars' on the app. Key features: HyperJar is a bit different from other budgeting apps, as it includes a prepaid card (physical or digital). With Emma Plus you can link up to four bank accounts, and take advantage of in-app cashback offers and a fraud detection feature that alerts you if your details have been accessed as part of a data breach, along with bill reminders and a 'true balance' feature that shows you how much you really have left to spend each month.Įmma Pro offers unlimited bank logins and features such as the ability to track your net worth over time, custom categories and you track your spending in any offline accounts.Įmma Ultimate has additional features, such as business accounts, unlimited bank transfers and a 'Spaces' feature, where you can set budgets on a more specific level.ĭrawbacks: If you go for either of the paid-for Emma options, make sure you'll use enough of the features to justify the price. The standard free version of Emm a lets you connect up to two bank accounts so you can track your subscriptions, set up monthly budgets, track your payday and make payments within the app.Įmma Plus, Pro and Ultimate offer extra features. Key features: In a bid to cut your spending and make the most of the money you have, Emma is another app that links to bank accounts and other financial products, analysing the information to make suggestions on wasteful subscriptions you could cut. Watch our short video below to find out which budgeting apps could help you save money:Ĭost: Free for standard Emma £4.99 per month for Emma Plus £9.99 a month for Emma Pro £14.99 per month for Emma Ultimate.
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