The Best Money Saving Apps For The Young Professional

Here are the best money saving apps for anyone who is looking to make sure they always have money in their bank accounts!

We all eventually have to grow up, however much we don’t want to. Becoming an adult involves several things; paying taxes, cooking for yourself and managing your money (to name a few). Managing your money is a vital step to take towards adulthood, and is something that should be learned before we’ve even reached that point in our lives. Long gone are the days of financial diaries and long boring charts on where we’re spending our money, we’ve now got apps on our phone to do all the work for us! So if you feel like you’ve got to the point where you really need to know about how to look after your money, or you want to learn before you reach peak adulthood, get one of the best money saving apps!

1. Chip

If you want to start saving some money, this is the app for you. It can be linked with most UK bank accounts, and will work out where you’re spending your money each month. It then uses that data to figure out how much money to save, and every few days transfers money into a separate savings account. Saving made easy! This is definitely one of the best money saving apps!

2. Squirrel

This app is designed to help you with the amount you spend. You set it up so that your salary gets paid into a Barclays run bank account, and then the app will move small amounts of money into your main bank account every week. You can set it up so that it will move money into your account in time for bills that are due, and it can move money into savings accounts as well.

3. Money Dashboard

If you need to get better with your money management, this app is perfect for you, and even better, it’s free. You connect the app to your bank cards, and whenever you spend money, it will appear on the dashboard. It categorises your spending as well to help you see what you’re spending all your money on.

4. Stocard

If you’ve been put off getting a loyalty card because you don’t want to add anymore cards to your purse, why not store them on Stocard. This app lets you store your loyalty cards in a digital wallet, just present it to the cashier when you’re paying and they’ll scan it, as if it was a real card.

5. Clarity

This app is your digitalised accountant. It uses artificial intelligence to track what you’re spending, and uses that information to create a budget for different areas of your finances. If you go over the amount that’s been budgeted for you, the app will notify you. It will also cancel any subscriptions that aren’t being used, so that you’re saving more money.

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6. Mint

This budgeting app can be used on both Android and iOS phones, and will help you keep on top of your credit score. It will create a personalised budget for you based on your financial score, and gives you notifications on unusual charges. It will also help you try and reduce your monthly bills by giving you tips. Best of all, the app will show you your credit score, so that you can become more aware of your finances.

7. Mvelopes

This app will help you manage your money by creating a monthly financial plan from your income. It’s focus to make you better at managing your money, so you don’t have to have a bigger income to enjoy the things you want to enjoy.

8. Unsplurge

As one of the best money saving apps, Unsplurge works by using delayed gratification, as it helps you save for something to look forward to, like a holiday or a car. It also has a social network, so you can share your saving goals with your friends and family and gain support from them, to further motivate you.