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List of the Best Budgeting Apps in the UK
Do you want to take control of your finances?
The holidays are just around the corner, and you know what that means, funding your festivities. While it’s good to treat yourself during the holidays, it should not be at the expense of your financial future.
Research shows that the average UK household spends £800 in December. If you have not planned for spending during the festivities, this will put a lot of pressure on your finances.
To plan ahead and ensure you use your money wisely in the future, you need to start budgeting. Thanks to technology, there are budgeting apps you can use and take control of your finances. Want to know which are the best budgeting apps in the UK?
In this post, we’ll discuss the best budgeting apps in the UK…
Take control of your finances by using Emma, a budget management app compatible with Android and iOS devices. This app connects to all your accounts, giving you the control you need over your finances. Using Emma, you can avoid overdrafts, track your expenses and recurring payments.
To do this, link your bank accounts to the app. Then, it will provide a list of active subscriptions. From there, you can check the transaction history of every subscription. Not only that. You can identify wasteful payments and clean up your finances.
Emma supports the following banks and credit cards:
- American Express
- Monzo
- Halifax
- Barclays Bank
- Bank of Scotland
- HSBC Bank
- Tesco Bank
- Barclay Card
Click here for the full list of supported banks and credit cards. Since Emma supports banks and credit cards in the UK, Canada and the US, you can always access the overall view of your finances in real-time.
You can check your latest transactions and create accounts for cash expenses. The app’s smart algorithms enable it to analyse your transactions and create spending categories for you. All you have to do is sign up, set your budgets and sync them with your payday. The app will let you know if you’re spending too fast or if you’re on track.
If you’re looking for a more straightforward way to track your money, this is for you. Money Dashboard is a budgeting app that allows you to view all your transactions and expenses in one place. The app is currently in use by more than 500,000 people. It supports over 40 banks and providers.
Budgeting with Money Dashboard is very easy. All you’ve to do is download the app from Google Play or Apple App store, and sign up. Start creating budgets exactly how you’d like to spend your money. For example, you can create a category for coffee, Netflix, Spotify and many more.
The app can also categorise your spends, such as groceries and bills. By doing so, it helps you set a target without restricting yourself too much. You don’t need to enter data manually. Now, you can focus on the important stuff.
Besides budgeting, the app can balance after bills. Once you connect the app to your bank account and schedule your bills, it’ll account for everything allowing you to see what’s safe to spend. Even if the bills are currently paid across several bank accounts, the app will consolidate everything for you in one place.
If you want to see what you’re spending your money on, we recommend Curve, a mobile app that modernises your bank account. It does so by categorising your expenses, providing your total spend.
Don’t know how much you’re spending on coffee or food deliveries? Curve Timeline allows you to see when you spent, what you spent and where you spent your money. This feature allows you to track your expenses as far back as your first transaction on Curve.
Every time you spend with Curve, the app will send instant notifications. This allows you to stay on top of your spending, no matter the card you’ve paid with. If you don’t see a payment you don’t recognise, you can lock your card with a simple tap.
The app supports several banks, debit and credit cards in the UK. This eliminates the need to switch banks. It also supports Apple Pay, Samsung Pay and Google Pay. This way, you can always enjoy a great exchange rate when you travel and cashback from your favourite brands.
To get started with Curve…
- Download the app from Google Play Store or Apple App Store
- Select the card you want to order
- Add your cards to Curve
- Activate your Curve Card
With your card activated on Curve, you can now pay for all your expenses. Just tap on a card, and you’re good to go.
Saving starts with small steps, and one of those steps is using Yolt. Yolt is a free budgeting app compatible with Android and iOS devices. Available for the web, the app helps you reach your financial goals in a few easy steps.
With Yolt, you can connect your bank accounts, track your expenses and make daily purchases. Licensed by the Dutch Central Bank, Yolt supports several banks and credit cards. Examples include Barclays and American Express.
Once you connect your bank account or credit card with your app, you’ll have a clear view of your money in one place. It has easy to use tools that enable you to stay on track across all your bank accounts.
The app also allows you to transfer money between connected banks and split the bill with friends securely.
Ready to get started with Yolt? Download the app and sign up. This takes less than 5 minutes. Connect your bank account and credit card. Top up your Yolt digital wallet and start spending. You can also save money while you spend.
With more than 250,000 people saving and budgeting with Chip, you too can change how you spend and track your expenses. Chip is a finance app that makes spending and budgeting, fun and easy.
Using AI, Chip autosaves money for you. It analyses all your transactions in real-time and calculates what you can afford to save and spend. If you spend more, the app will save a bit less, but if you spend less, the app will save more.
The AI keeps learning. For example, if you edit or skip saves, the app will take note and save you less or more in the future. By allowing Chip to run your transactions, you can relax and crack a smile knowing your savings are growing each day.
You need to know that Chip is not a savings account, but it’s authorised by the Financial Conduct Authority to store your money as emoney. The company is in partnership with Prepaid Financial Services to store your money in a major retail bank. Specifically in a ring-fenced account.
To get started with Chip, download the app from Apple App Store or Google Play Store, and the app will walk you through the rest of the steps. To use the app, you must be over 18 years in the UK.
Final Thoughts
These budgeting apps are free and support major banks and credit cards in the UK. This allows you to budget and manage your finances from one place. Basically, the apps eliminate the need to use several apps to manage and track your finances.
If you’re worried about data privacy, don’t. The apps use encryption technologies to protect your personal details and money. There are paid budgeting apps that offer insight into your spending habits and allow you to set spending goals.
One such app is MoneyHub. Great for data privacy, you can see all your transactions in one place. If you’re looking for a great way to control your finances, we recommend the apps above.