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The best apps for managing your money

ClearScore's best apps for managing your money

There’s nothing quite like being organised. Whether it’s scheduling a lunch date in your calendar or setting a reminder to buy milk on the way home, being in control feels good. And your money is no exception. With an increasing number of finance apps available, getting your money in order can finally become less of a chore and more of a habit (and maybe even fun…? Nope, just me?)

In this blog, we investigate some of the best, most exciting apps that can help you manage your money better.

1. Pennies – for style and simplicity

Pennies app

Pennies app

Available: iOS
Price: £3.99
We love: Stylish design, and ability to sync to iCloud
Watch out for: You have to manually input your spending

Pennies was developed by Brighton-based Emile Bennett and Ollie Aplin as a stylish way of setting budgets and sticking to them. The app has no charts or graphs, just a list of budgets (e.g. ‘lunch’ or ‘holiday’) and how much you have left in each one. It has a simple colour system to tell you how you’re doing – red means slow down, and green means spend freely.

This app doesn’t link to your bank account, meaning you have to manually enter each expense as you make it, which could be a major drawback if you’re strapped for time. However, if you want to become more aware of your spending, this could be a good way to start.

2. OnTrees – for fun insights into your spending

ontrees

OnTrees app

Available: iOS and Android
Price: Free
We love: No need to manually input your expenses, and bank-level security.
Watch out for: There is always some risk associated with passing on your details to third parties.

Once you link your online bank account details, OnTrees does all the work for you. The app sorts your transactions into categories like rent, travel, clothes and groceries, so you can see where you may have spent too much. The budgets feature is also really intuitive – just set how much you want to spend for each category a month, and the app tells you how you’re doing.

3. Splittable – for stress-free house sharing

Splittable app

Splittable app

Available: iOS and Android
Price: Free
We love: The ‘All Squared Meter’ makes it easy to see who owes who
Watch out for: It might be hard to get all your housemates on board

If you’ve ever lived in a shared house, you’ll know how hard it is to keep track of what you and your housemates have spent. From utility bills to cleaning products and Netflix subscriptions, it’s easy to forget money you’re owed or a bill you need to pay.

Splittable is a free app that lets you input costs and split them any way you want. You can then see exactly who owes what on the ‘All Squared Meter’, saving you from slaving away over a complicated spreadsheet. You also add your PayPal account to the app, making it easier for people to send you money.

4. HomeBudget with Sync- for multiple device syncing

Homebudget with sync

Homebudget with sync

Available: iOS and Android
Price: Free – £4.49
We love: It has syncing capability (‘Family Sync’) between Android phones, iPhones and iPads
Watch out for: You have to manually input your expenses, and the full version is quite expensive.

HomeBudget with Sync is another great budgeting app. Like Pennies, you enter your expenses and information manually, and it has an equally nice design and easy flow. The pull for this app is its Family Sync function, which allows a group of devices within the household to exchange expense and income information, and work together within a single budget. The devices sync with each other automatically over the air.

5. ClearScore – for your credit score and report at your fingertips

ClearScore app

ClearScore app

Available: iOS and Android
Price: Free
We love: Well, everything, if we do say so ourselves…! But we’re particularly pleased to be introducing fingerprint login (iOS and Android) – something we know a lot of you have asked for.
Watch out for: The Timeline and Goals features are not available yet, but are coming soon.

Our ClearScore app gives you access to your credit report and score as often as you like and wherever you are. Not only that, it alerts you each time your new report is ready, and tracks any changes on a monthly basis so you can build a long-term picture of your finances.

One of the many great things about this app is that the input from you is minimal – all your data is pulled for you, making it as effort-free as possible.

One to watch – Atom Bank

Atom bank app

Atom bank app

Available: Not yet – but it’s planning to support iOS and Android
Price: Free
We love: Created using video-game software, this app is all about making banking fun and personal
Watch out for: It hasn’t actually launched yet, and it’s still unclear how people will pay in deposits or take out cash

Atom is planning on being the first app-only bank. In fact, it already is a bank – it has a banking license, and is run by Mark Helm, former CEO of First Direct. Atom plans to offer banking, savings, loans and mortgages, all based in a personalised, reactive app. It also has a strong focus on security, incorporating face, voice, fingerprint and PIN recognition- you even have to take a selfie upon signing up. As it’s still in the development phase, this is one to watch out for- you can sign up for updates on Atom’s website.

 

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