5 apps to stop you from breaking the bank this summer

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  •  Look at life ten years ago – five pounds certainly would have stretched a lot further. These days, it wouldn’t get you too far at all.

    Indeed, we live in tough times, and if you find yourself counting your pennies at the end of the month, you certainly aren’t alone. Luckily, Sync NI are here to help with our list of the top five apps to save your wallet from taking a beating this summer.

    1)      Mint
    Mint App

    Originally created by Aaron Patzer, Mint began by providing account aggregation through a deal with Yodlee. However, in 2017 Mint offers a range of features, including the tracking of bank, credit card, investment and loan balances through a simple and easy to use interface. The app also offers a number of neat features – we really liked the ability to create budgets and set financial goals. Acquired by Intuit in 2009, Mint now claims to connect with more than 16,000 institutions across Canada and the United States. Their claim that they support more than 17 million individual finance accounts is impressive, with more than 20 million users registered from 2016. Check it out!

     

    2)      Venmo

    Venmo App

    Initially created so friends could quickly split bills with eachother, Venmo describes itself as a “digital wallet”. After providing some bank details and basic information, users sign up to the Venmo website or mobile app, from which they can find others who have created an account. One handy feature allows users to search for friends via username, phone number or email address. Following a similar model to PayPal, Venmo allow their users to pay freely with a bank account or debit card, bumping up to a 3% fee for credit card transactions. The unique aspect behind Venmo is the social interaction - when a user makes a transaction, the transaction details (apart from the payment amount) are shared to the user's network of friends, mimicking a social media feed.

     

    3)      Qapital

    Qapital App

    A free personal finance app for iOS and Android devices, Qapital was established with the direct intention of encouraging its users to save money. The app directs each of its users to set savings goals, then automatically transfers money from their checking account to a Qapital savings account. It operates on the "if this then that" principle - for example, one rule could be that if a user purchases a cup of coffee, then the app will round up the charge to the nearest dollar and deposit the difference into savings. As of 2015, Qapital can connect to more than 180 other apps, such as Facebook, Twitter, Dropbox and Instagram. Considering that this app is completely free, it’s definitely worth a download.

     

    4)      OnTrees

    OnTrees

    With the neat OnTrees app, you can securely connect all of your current accounts, credit cards and savings accounts using the same banking information you use for your online banking. The app gathers your most recent transactions, regularly updating on a feed-style viewer – all sorted into nifty categories like rent, travel and groceries. What makes this app so accessible is its handy colour coordination of charts and icons, making the experience as enjoyable and as simple as possible. Like Qapital, the app also offers a function which allows users to prioritise and track their spending, making it easier for people to budget for that sunny holiday. For app users who need a bit of help organising their finances – this is for you.

     

    5)      Wally

    Wally App

    Financial lives are complicated – cash, cards, savings, debts – and not all of us are exactly gifted accountants. That’s why the team at Wally came together to create a great app. And the best part? It’s free. A simple, intuitive and nearly seamless tool, the app provides users with a variety of functions to help them manage their personal finances. Like others, Wally helps you to compare your income to your expenses, understand where your money goes, and to set and achieve goals. Wally lets you keep track of the details as you spend money: where, when, what, why, & how much. For a great finance organiser without the price tag – Wally is a solid choice.

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