MoneyHub is available for iPhone and Android users. For example, while you can link your bank accounts as with other apps, MoneyHub allows you to link credit cards, investments, and borrowing so you see exactly how much you have and how much you owe.Īlso, if you set spending goals for specific categories, you will be able to track your goals and benefit from educational resources tailored to your financial goals to help you achieve them. MoneyHub's regular features are pretty advanced too. This counts as a regular payment and could boost your credit score. The app lets you use the 'rent recognition' feature that allows you to report your rent payment to Experian. It can also count this valuation towards your net worth.Īre you a renter? No problem. For instance, it lets you connect your property to MoneyHub, so you see a real-time valuation of your home. It has many of the same features that other budgeting apps have, such as connecting all your bank accounts and providing analytics about your cash flow.īut it goes a bit further than your typical budgeting app. With features like spending goals and categorized spending analytics, MoneyHub prides itself on being the budgeting app that shows you where you stand with your money. An app with a twist for home-owners: MoneyHub There's no actual money in the app and it saves unnecessary purchases." 4. They get virtual pocket money and money for chores, birthday money etc and then I give it to them when they want to buy something. Another app I am fond of is Rooster money for the kids. I can also add payments when I can and withdraw them instantly. Jenny Lord from Life and the Lords told us: " I use Plum, I find it really helpful the little savings it makes for me, and it shows me my direct debits and standing orders. The mobile app is available via the App Store and GooglePlay. You will also need to pay management fees for the fund options that go to Plum's external partners. If you want to invest with Plum, you'll need to upgrade to Plum Plus, which costs £1/month. Or, you could choose to split your money between several funds, diversifying your portfolio. For example, you could invest in high-risk tech giant funds with high average annual returns or stay safe and pick the aptly named slow and steady option that offers smaller returns but lower risk. You decide how much you wish to invest, and then you select the funds you want to invest in. Many apps and online banking accounts offer investment accounts for people who want to do more with their extra money.īut if you're looking for a dedicated investment app that makes it easy to invest with as little as £1, FCA-regulated Plum might be the answer. Investing your money doesn't have to be complicated anymore. Its free version alone is excellent for ensuring you're not splurging, but its paid version could help you set tailored money management goals.
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