Saving Money with your Phone

Students are no strangers to money struggles. They're often stretching their overdrafts and constantly having financial panics. It’s important to save money wherever possible. Unexpectedly, your phone may be the key to getting back on track. Here are four great apps that will help save some cash: Monzo is a London startup, offering a new […]

Alex Firth
19th February 2018

Students are no strangers to money struggles. They're often stretching their overdrafts and constantly having financial panics. It’s important to save money wherever possible. Unexpectedly, your phone may be the key to getting back on track.

Here are four great apps that will help save some cash:

Monzo is a London startup, offering a new type of bank. They give you a debit card linked with a great, budgeting-friendly app. The app gives you a birds-eye view of your money, with an easy to read graph, that shows you how much you’re spending, and more importantly, how much you have left!

Monzo also have a great ‘pots’ feature, which is effectively a digital piggy bank, allowing you to set money aside and save for something. Another great feature is the ability to freeze your card in app, so if you lose it, there’s no need to ring anyone, or order new card, simply freeze, and unfreeze!

There is a waiting list to join Monzo, however, if you’re serious about saving, it’s well worth the wait.

Another great feature is the ability to freeze your card in app, so if you lose it, there’s no need to ring anyone, or order new card, simply freeze, and unfreeze!

If you want to try out many of these great features without necessarily switching banks, try Curve. Curve aggregates all of your bank cards into a single bank card, you can then pick and choose which card you use to spend through the app.

Curve also offers rewards and cashback at certain retailers to help you get the most from your money. If you want a smarter way to spend, or have multiple bank accounts and credit cards to manage, give Curve a try.

If you have some money to spare, and you’d like to start saving, give Chip a shot. The app analyses your bank account and calculates how much you can afford to save. It even takes into account your overdraft, so if have a fee-free overdraft, it may be able to set some aside, and pay you for doing so.

Chip offers 1% interest, however for each friend you refer, you get an extra 1%, up to a maximum of 5%; your savings could rapidly stack up! The app is really simple to use, and you can withdraw your savings at any time, making it an effective tool for money saving.

Chip offers 1% interest, however for each friend you refer, you get an extra 1%, up to a maximum of 5%

The final app, Emma, is for all of you money moguls who have multiple bank accounts and credit cards. The app acts as your personal account manager, operating as a mission control for all your bank accounts. Not only does it provide a live balance for your different accounts, but it allows you to break down all your expenses, for all your accounts, in one place.

Emma will alert you if you’re going in to your overdraft, and even predict if bills are going to clash and put you in the red. If you have multiple accounts, Emma is a must have app.

All these apps are available for iOS and Android, so there’s no excuse. Get tech savvy and start saving money, it has never been so easy!

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