Saving Money With The Plum App

If you are in any way like I used to be then you will find it tough going to save any money. Even now running a personal finance blog I can sometimes still find it tough to put those pennies away.

You start saving and then something comes along like a birthday you had forgotten or a night out with some mates that you had organised a long time ago.

Or sometimes just one of life's little kicks up the behind such as your washing machine breaking or a leak in the bathroom. Then hey presto your dipping into your savings and so the vicious cycle begins.

Well, there is a way that can help you get started with your savings and also help when it comes to not dipping into them. I use the Plum app which is a handy little financial app available on both the Apple and The Android store.

It helps you save without the effort being put in as the Plum App does it all for you once you have set it up. Simply sign in to Plum and enter all of your details.

The plum app will then ask to be connected to your bank. Do not panic this is perfectly normal and last for 60days before Plum loses contact and you have to allow contact with your bank again. Once connected to your bank which takes less than a minute you can head straight to the settings on Plum which are listed under the word brain.

The brain is where you can set rules for the plum App to follow. So I use automatic round-ups which I have found to be the best way for me to save. Every time I use my debit card the Plum App rounds up the difference and sets it aside for me. This is all done automatically once a week. If you go to the shop and spend £3.35 then Plum will round up to £4 and the difference will end up in your Plum Account.

I have found it the best way to save as you do not notice the money getting saved for you. You can also set Plum to put some aside each month and this can be set from anything from shy to Beast mode in terms of how much Plum sets aside.

Plum can also set aside money on pay-days, Days when it rains called rainy day savings or even help you with the 52-week challenge. The last two come as part of the pro package but this is pretty cheap.

I have just recently started funnelling some of my savings into the Plum Apps investment fund as well and am currently earning just over 5% on my investments which are far more than any bank will give at the moment.

My investments are invested in a stocks and shares ISA and this is all done for me with constant reminders from Plum about how I'm doing. Overall The plum app will help you save and the best part is you don't even notice it is happening.

I don't spend on my debit card a lot but in the first 3 months, I had saved £200. This might not be a lot but over a year that's £800 and then invested with 5% interest on average and all without having to lift a finger. Give the Plum App a try today and see what you could save.

Hi, I'm Lee and I run Earningsportal a personal finance blog helping others to make more money or save the money they have. Along with side-hustle ideas and frugality, I offer great reviews on personal finance apps and tips and tricks to help you.