When you’re trying to save money, it can sometimes feel like an uphill struggle! But by using one of the best money saving apps, you might actually find that it becomes far easier. With a savings app,  you often just need to set things up initially and then forget about it.

How do savings apps work?

As a working Mum of three, believe me when I say I know just how hectic life can be! There’s always something to remember, somebody who needs something, or something to fork out for.

Saving money is something that many of us know we should be doing, and something many of us strive to start on a regular basis. But actually remembering to move money into a savings account, or making the firm decision each week or month to put some money away, doesn’t always come that easily!

We know we should be saving up for Christmas, we know we should have an emergency fund, but life has a tendency of getting in the way!

This is one of the reasons I love money saving apps.

Money savings apps chip away at your current account at regular intervals, stashing away small amounts. This is a great way to save money.  Often, the amounts are so small that you don’t really notice them – but over time, your savings pot builds up into a really substantial amount (if you don’t touch it). Some of the apps have really attractive interest rates too.

The best money saving apps

There are a number of options when you’re thinking of using an app to save money. I’ve selected these as I feel they really are the best money saving apps.

Get Chip

Chip is my favourite money saving app. It’s so simple to use and really easy to withdraw your money when you’ve reached your goal. I use it to save up for big events in the year, so at the moment I’m using it to save up for our spending money for our summer holiday.

When you first register with Chip, you’ll be able to set your saving preferences depending on how strict you want to be with your saving. When Chip are going to take a payment, they will send you text telling you how much they’re going to put away. You can then either do nothing and just let the money get put away, or you can stop the transaction if you know you’re going to need that money in your current account.

The Chip app is available on both Android and Apple, and if you use my referral code UR8YZU, you’ll start off on 1% interest.

Apple: https://bit.ly/chipIOS

Android: https://bit.ly/chipAND

You can save extra if you want too. You can move up to £100 in a day, up to six times per month.

Perhaps the best thing of all with Chip, is that if you refer a friend, your interest rate jumps up another 1%!

The app is incredibly easy to use, with a chat feature allowing you to easily see how much you’ve saved, increase your savings, or stop your savings if you need to.

Where is your money held?

Plum

Plum is a savings bot that sits in Facebook messenger. I tend to have Facebook open most of the time whilst I’m working and side hustling, so having the ability to quickly nip into messenger is a real plus for me.

I love the friendly, unformal chat feel to Plum.

I also find it really helpful that it reminds me about upcoming expenses too, so I can factor those in easily when I’m thinking about our weekly budget.

Like Chip, Plum keeps an eye on your spending and then calculates how much you can afford to put away at regular intervals without really noticing. You can also increase your savings by sending manual deposits to your Plum account as and when you can afford to.

Where is your money held?

Meet Cleo

Meet Cleo is another bot that sits in Facebook messenger and is actually the first money saving app I ever used. Cleo connects to your bank account and similarly to the others, it monitors your spending and stashes small amounts of money away, little and often.

Cleo has always updated me regularly on money being moved in and out of my bank account, which is actually really useful. It’s handy to be able to see really quickly when a payment has gone out of the account, without having to actually log in to my online banking.

Where is your money held?

How save are these money saving apps?

I have personally used all three of these apps myself for a number of years and have never had any issues with banking security. These are closely regulated and used by thousands of people every day as a great way to save money.

The beauty with all three of these best money saving apps is that you don’t actually have to think about saving money. Once you’ve set your account up, it’s all done for you, and you have the ability to increase or stop any payments as and when you need to.

Savings apps are a really great way to start up an emergency fund, save for a holiday, save up for Christmas, or even build up savings towards the deposit on a house. The possibilities are endless.

If you’re looking ways to boost your income so that you can then have more expendable cash to stash away, then this 30 day money-making challenge might be just the thing you need!