Having issues cutting costs? The best money-saving apps to budget and put cash aside

Saving money can be hard, especially at a time of rising inflation and household bills, which are leaving many without much cash to spare at the end of the month.

Savers may also be put off putting cash in savings accounts, given that no bank or building society offer rates that beat the current level of inflation, which rose to a 40-year high of 9.1 per cent in May.

However, for those wanting to take control of their savings, and perhaps dip their toe in the world of investing, there are a raft of money-saving apps that can help you do just that.

Most let you see all your accounts in one place, have a free version and can help you save automatically by rounding up your spare change.

Some are for businesses and even for teenagers and children. Below, i list some of the best money-saving apps.


Plum allows you to link all your bank accounts and credit cards in one place and is good for those looking to manage their budgets.

The app identifies your regular outgoings and incomings like your bills, rent and salary. Then it analyses your transactions and daily spend and works out how much you can afford to put away each week.

The leftover money it identifies is moved to your Plum account via direct debit every four to five days.

It also offers a “round-up” feature that automatically rounds up each of the previous week’s transactions to the nearest £1 and transfers the spare change to your Plum account every Monday.

For example, if you spend £4.50 on a coffee, Plum will round that up to £5, moving 50p into your Plum account.

Both the automatic savings and round-up features are available with a free Basic Plum account, which pays 0.5 per cent interest.

Easy access rates on its Plus account, which costs £1 a month, rise to 1.01 per cent, with users also having the option to invest in funds via the app.

Plum Pro, which…

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