{"id":108486,"date":"2025-10-08T09:43:19","date_gmt":"2025-10-08T09:43:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/108486\/"},"modified":"2025-10-08T09:43:19","modified_gmt":"2025-10-08T09:43:19","slug":"15-best-ways-brits-can-save-money-with-fintech-apps","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/108486\/","title":{"rendered":"15 Best Ways Brits Can Save Money With FinTech Apps"},"content":{"rendered":"

Let’s face it, money can be stressful. Rising costs and endless bills mean many Brits struggle to save. That’s where FinTech apps come in. According to The Fintech Times<\/a>, more than 1 million people in the UK started using money-management apps in 2024, saving an average of \u00a3173 a month. For a household earning \u00a32,500 a month, that’s over \u00a32,000 a year, enough to make a noticeable difference to everyday life.<\/p>\n

Plum<\/a> and Chip<\/a> take the hassle out of saving by rounding up everyday purchases to the nearest pound and transferring the spare change to a savings pot. Emma Collins, a London teacher, says: ‘I saved \u00a3420 in six months without even noticing.’ That’s a small tweak with a big reward.<\/p>\n

2. Why Categorising Spending Improves Financial Awareness<\/strong><\/p>\n

Monzo<\/a>, Emma<\/a>, and Yolt<\/a> sort your spending into categories like groceries, transport, and entertainment. It’s like having a financial coach in your pocket. According to Which?<\/a>, budgeting app users cut unnecessary spending by 15% on average.<\/p>\n

3. How Switching Providers Can Put Hundreds Back in Your Pocket<\/strong><\/p>\n

Fintech tools such as Snoop<\/a> scan bills and find better deals for you. Per Ofgem<\/a>, switching energy providers can save households \u00a3300 a year. That’s money worth having without lifting a finger.<\/p>\n

4. Why Savings Pots Make Dreams More Achievable<\/strong><\/p>\n

HyperJar<\/a> lets you create dedicated pots for holidays, rainy-day funds, or big purchases. Separating your savings makes it less tempting to dip into them, and keeps your goals crystal clear.<\/p>\n

5. How Better Interest Rates Make Your Money Work Harder<\/strong><\/p>\n

Some fintech ISAs offer rates of up to 4.2%, compared with a UK average of 1.1% for traditional accounts, according to the Bank of England<\/a>. Even small deposits can grow nicely over time.<\/p>\n

6. How Real-Time Alerts Keep You in Control<\/strong><\/p>\n

Monzo<\/a> and Starling<\/a> send instant alerts when you spend, helping prevent overspending. Julia White, a nurse from Manchester, says: ‘Those alerts stopped me overspending by about \u00a350 a month.’ That adds up.<\/p>\n

7. How Savings Challenges Turn Budgeting into Fun<\/strong><\/p>\n

Monzo’s ‘1p Challenge’ turns saving into a game. Save a little more every day and watch it mount up, potentially over \u00a3500 a year.<\/p>\n

8. How Cashback and Rewards Make Everyday Spending Smarter<\/strong><\/p>\n

Many fintech apps partner with retailers to offer cashback. According to MoneySavingExpert<\/a>, cashback can add up to hundreds of pounds a year, turning everyday spending into savings.<\/p>\n

9. Why Seeing All Accounts in One Place Improves Decisions<\/strong><\/p>\n

Aggregating accounts gives you a full picture of your finances. This makes it easier to spot subscriptions you no longer use and stop unnecessary spending.<\/p>\n

10. How Switching to Fee-Free Accounts Saves You Money<\/strong><\/p>\n

Challenger banks such as Starling<\/a> and Revolut<\/a> have fewer fees. Which?<\/a> reports switching to a fee-free account could save up to \u00a3120 a year. That’s free money for nothing.<\/p>\n

11. Why Subscription Management Is the Easy Way to Save<\/strong><\/p>\n

Emma and Snoop highlight forgotten subscriptions. According to Which?, UK households waste \u00a3159 a year on unused services. Cancelling these is a simple way to boost your budget.<\/p>\n

12. How Visualising Goals Keeps Saving on Track<\/strong><\/p>\n

Seeing progress visually boosts motivation. The Money Advice Service found people who set clear savings goals save 23% more.<\/p>\n

13. How AI-Driven Insights Make Money Management Smarter<\/strong><\/p>\n

Plum uses artificial intelligence to analyse spending and suggest saving amounts. Plum reports regular users save up to 20% more.<\/p>\n

14. How Micro-Investing Makes Every Penny Count<\/strong><\/p>\n

Moneybox lets you invest spare change. Over time, even small amounts can grow substantially. A survey showed 68% of Moneybox users felt more confident financially.<\/p>\n

15. Why Challenger Banks Are Winning Over UK Customers<\/strong><\/p>\n

Revolut, Monzo, and Starling combine low fees, budgeting tools, and transparency. Finextra reports challenger bank adoption rose by 23% in the UK in 2024, proof that more people are choosing smarter banking.<\/p>\n

Why This Matters Now<\/strong><\/p>\n

Per The Fintech<\/a> Times, rising living costs mean more Brits are turning to fintech apps to manage budgets and save money. Automation, budgeting tools, cashback offers, and switching programmes make saving effortless and effective.<\/p>\n","protected":false},"excerpt":{"rendered":"Let’s face it, money can be stressful. Rising costs and endless bills mean many Brits struggle to save.…\n","protected":false},"author":2,"featured_media":108487,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[9,79,1063,18,1831,19,1826,17,5,1828,1827,1829,234,235,1830,66],"class_list":{"0":"post-108486","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-breaking-news","9":"tag-business","10":"tag-daily-news","11":"tag-eire","12":"tag-global-news","13":"tag-ie","14":"tag-inkl","15":"tag-ireland","16":"tag-news","17":"tag-news-app","18":"tag-news-headlines","19":"tag-news-today","20":"tag-personal-finance","21":"tag-personalfinance","22":"tag-today-news","23":"tag-world-news"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/108486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=108486"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/108486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/108487"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=108486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=108486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=108486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}