You can sweep your spare change into a savings account so that you save regularly and build up a nest egg or rainy day savings account.Ĭheck out our range of guides for ISAs and Savings Accounts What are the advantages of personal finance apps?Īnyone who has downloaded and used a banking or savings app on their phone will appreciate the convenience of being able to check their money in real time 24/7. Personal finance apps allow you to save very small amounts of money, which is a much more flexible option than a traditional savings account which might have a minimum opening balance. Many are interactive and use artificial intelligence to interact with you and make recommendations. You can also choose to allocate money to the life goals that you have set for yourself. Some apps can move your spare money into virtual savings pots or suggest different deals which would work for you. One of the big advantages of personal finance apps is that you can check the status of your bank balance and your savings accounts whenever you need to. Many people have irregular income and may not be paid on the same day every month. Personal finance apps can help us manage our money in our busy modern lives. How to find the Best Cash ISA rates with Uswitch Some apps enable you to see all of your accounts on one dashboard.īefore you sign up to a personal finance app, think about what you need in a budgeting app as this will make it easier for you to choose the right personal finance app for you. You may need more than one money app on your phone.įor example, you might have a banking app for your current account with your bank, and then a savings account app or budgeting app to help you manage your money and set savings goals for the future. The best finance app is the one that suits your lifestyle and financial needs. Personal finance apps can help you track spending and manage your money better, while savings apps can aid you in savings towards your goals. Apps (short for software application) enable you to manage your banking and your finances via your mobile phone.įor example, with your banking app, you can transfer money, look at recent transactions and check your balance.
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