By linking bank accounts and credit cards, Plum gives you one single account to monitor and control your household spending. “With living costs on the rise, budgeting is more important than ever for lots of families and Plum is a hassle-free way to keep a close eye on exactly where your money is going. “The app helps users to budget by giving them a better idea of where their money is going,” said a spokesman for Plum.
You can adjust how much Plum is saving and withdraw from your Plum account for free at any time. It then uses that information to calculate how much you can afford to save and automatically deposits that amount into your Plum account. The app connects to your current account and analyses the money coming into, and going out of, it. The Plum app – a savings service driven by artificial intelligence – should come in useful here. It can be hard to save money when living costs are high.
Self-employed individuals can use all the features on the Azucko app (apart from salary access) to help better manage their finances, expenses, and bank accounts.Īnyone using the app to access some of their salary early shouldn’t leave themselves too tight financially for the rest of the month by doing so.Īlthough it’s free to download the app, there are a number of charges you could have to pay, depending on how you use it. Read the leading stories from the world of business.Įnter email address This field is required Sign Up The app allows workers to access some of their salary interest-free ahead of payday – as long as their employer is signed up to the app. Making your pay cheque last the whole month could be proving more difficult today given the higher cost of living.įor those who regularly run out of money ahead of payday – or who are hit with an unexpected expense before they get paid, the Azucko app could come in handy.
You also can use the app to request a free appointment with a professional money adviser in MABS. “Being able to track every euro becomes more critical if you’re struggling with rising living costs – especially in these difficult and uncertain times,” said Maher. Given the rising living costs of late, the app should also help you realise how much more something is costing you today than a year or two ago – and if, and where, you can cut back so that you don’t fall behind on essential bills. You can then decide whether or not you need to either reduce your spending – or boost the amount of income you have coming into the household – so that all your costs are met. “The app also prompts for all potential spending which a person might have going out.”Īs the app allows you to compartmentalise your spending, it’s a useful way to see the amount of money you’re spending on essential costs (such as mortgage repayments or rent) and on discretionary costs (such as entertainment or holidays). “All relevant sources of potential income are highlighted in the app, prompting people to remember various income they may have,” said Rosaleen Maher, regional manager with south Connacht MABS. This in turn should help you identify opportunities to save money (if you need to) and develop a workable household budget.
The Money Advice and Budgeting Service (MABS) Budgeting app should give you a better idea of the money you have coming into – and going out of – your household. Here are five apps which could help you have better control of your finances. With the cost-of-living crisis showing no sign of abating, many people are finding it harder to make their weekly or monthly budget last and are more at risk of falling behind on bills.Ī mobile phone app could be a handy way for you to manage your money, better deal with rising living costs, and realise the mistakes you’re making with your finances.