2023 Best Budgeting and Savings Software - Offers and Reviews

About PLUM: If you find it difficult to save money each month, Plum is for you. It is a leading smart money app, was founded by two friends who challenged themselves to save. They came up with an algorithm to monitor their spending and work out how much they can afford to save. Hence they created a process that would allow for savings automation without altering their spending habits. Plum uses AI to save and invest. With Plum you are able to save automatically and choose to invest it. Plum works by linking the app to your bank accounts and it analyses your income and expenses using its automatic algorithm. This algorithm works out what you can realistically save without affecting your daily life. . You have the final say on how much you really want to save and can request to stop saving anytime. 

Innovation: Plum is known for its innovative financial solutions and intuitive capabilities. Its algorithm has introduced intelligent ways to manage and grow your money. Plum recently introduced “Plum Interest” as a way for consumers to take advantage of central bank rates and beat the banks. Plum customers can earn higher returns by investing their cash in government backed which tracks central bank rates.

Impact and Performance: Plum is very effective in helping people that find it difficult to put money away. It is specifically designed for people new to saving and investing. It uses read only access to your current account and analyses your spending and savings transactions that and reviews it month by month. Based on how much you spent in a month and how much you normally spend and how many ongoing expenditures you have coming out  and also how much money you normally have coming. Plum works out how much you can afford  and put it aside the money via direct debit into a separate wallet which is also called pockets and then it sits in the account and continues to build up. Its ratings in App Wallet and Google Play is over 4.0 Star rating.

Ease of Use: Plum is very simple to install and use. The product features in as the app are clear and easy to navigate. 

Features: There are several features on Plum, ranging from auto savings, analysing budget, daily account balance reading and pockets that acts as wallet. Also on plum is investment functionality including option to be a crypto investor. 

Why We Like This App:  Pump is free and it does not charge you for the AI feature and the Auto Savings feature. Download Plum and you are on your way to investing and managing your money.