Best Money Saving Apps That Can Save You Thousands

As someone who likes to keep on top of their money, I’m always on the lookout for the best money saving apps. Whether that’s saving money on my shopping or keeping my money working hard. Over the few past years, I have saved more money than I ever have before because my goals were big like buying a house, renovating the house and saving for our wedding. But even when the traditional ‘big goals’ are paid for I want to be saving for retirement, saving to invest and so much more.

I’ve always been someone who saves hard but also spends hard. But that’s because I budget well and know what I want to spend on and make sure I spend within my means. And that’s in part thanks to some great apps that I use day-in-day-out. I’m generally saving for multiple things at the same time including for travel, Christmas and birthdays, yearly costs like car insurance and so much more.

The best money saving apps out there

Whatever your saving goals are there will be an app out there for you. Whether that’s long term strategy saving, investing in stocks and shares, saving money on your bills and groceries or short term savings for a new handbag. Over the years I’ve used a lot of different apps, some of them I’ve stuck with, and others have since been deleted.

Here are some of the best money saving apps that I use (or have used):

My favourite app that’s helped me save so much money: Monzo

Monzo is a digital-only bank and my absolute favourite for pretty much everything. I’ve not been shy with how much I love Monzo you can read why I love Monzo, the best things about their savings pots and the best features of their online account here, so I’ll try not to repeat myself too much. While the actual savings account and ISA interest rates are no better than anywhere else it’s the savings tools that really help.

I’ve been able to split out my money into various savings pots so I can keep my money separate, know exactly how much I have for various goals and it tracks how close I am to achieving that savings goal. Setting up roundups has been a game-changer for me as I’ve managed to save a good pot of money without even realising it and the spending breakouts make budgeting so much easier.

The best money saving apps to assist saving: IFITT

IFITT is a really interesting app that lets you connect your apps and devices. Now I’ve definitely not utilised many of the features and functions that IFITT offers. But one thing that I have is its compatibility with Monzo to do savings challenges. Currently, I am doing the 1p challenge where my Monzo account moves money into a savings pot each day starting with 1p and ending on £3.65. This challenge is designed to be started on 1st January so you save a good chunk over the year.

But you can do any challenge you want, either one that other users have created or custom ones you make. I have a second one that puts £1 a day into a pot and every now and then I use it to buy random shares. But you can choose to save money when it rains, you can set up to donate money when you eat out, redeem transport costs from a specific pot in your account…. the list is endless.

So however you want to save there’s a way to do it.

Hints and tips to help you save money: Snoop

Snoop is a very clever app that helps you connect all of your accounts in one place (so you can see your balances and transactions). Then the clever app crawls through your transactions, bills, direct debits etc to offer hints and tips to help you save money. It might see that you’ve been spending in a particular shop and share discount codes. Or it might offer up new deals on your bills, or insurance policies that are coming up for renewal.

The Snoop feed also shows a whole bunch of useful articles and information. My latest ones are around how to report online scam ads, bitcoin and cryptocurrency: is it worth it? and how to check you’re on the right tax code. All super interesting relevant pieces of content. There are spending summaries, information on sales in shops you regularly spend in and so much more.

The best money saving apps for sly saving: Plum

I haven’t actually used Plum properly in a little while but it’s an app that I used to use a lot.  Much like Monzo and IFITT you can set up roundups for your purchases and rules for spending. But it also uses AI to perfect your saving for you so you can let it work in the background without even thinking about it. You can link all of your bank accounts and the app analyses transactions every day to learn about your income and how you spend money. Then what it does is automatically transfers money aside into savings that it knows you can afford. These amounts might be little to begin with, but it all adds up.

Through the app, you can have savings accounts, invest your money into stocks and you can get alerts when you’re spending too much on bills. And with the pro account (£2.99 a month) you can even earn cashback through the app. So it covers a lot of things across a single app, so a great one if you find the idea of multiple apps intimidating.

Some of the other top money saving apps:

• Numbrs- I’ve only just downloaded this for the free 2-week trial to see if I can win on the payday draw. But this is another account where you can keep track of all of your accounts in one space.
• Clearscore- While it might not directly save you money it will help you keep on top of your credit score. And if your credit score is higher than you’ll pay less interest on loans and mortgages.
• Emma- Another app like Snoop and Plum where it keeps all your accounts in one place and will offer hints and tips on deals.
• Moneybox- You can do spending roundups with Moneybox if you don’t have Monzo or Plum. If you open a Stocks & Shares ISA you can also invest your roundups into the ISA.

What are the best money saving apps you use?

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