{"id":246,"date":"2022-02-18T17:13:25","date_gmt":"2022-02-18T17:13:25","guid":{"rendered":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/?p=246"},"modified":"2022-11-04T19:41:36","modified_gmt":"2022-11-04T19:41:36","slug":"a-guide-to-money-related-apps","status":"publish","type":"post","link":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/2022\/02\/18\/a-guide-to-money-related-apps\/","title":{"rendered":"A guide to money-related apps"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-1024x683.jpg\" alt=\"\" class=\"wp-image-247\" srcset=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-1024x683.jpg 1024w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-300x200.jpg 300w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-768x512.jpg 768w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-1536x1024.jpg 1536w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-2048x1365.jpg 2048w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/bagus-hernawan-A6JxK37IlPo-unsplash-1568x1045.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@bhaguz?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Bagus Hernawan<\/a> on <a href=\"https:\/\/unsplash.com\/s\/photos\/app?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">We all know that apps can be extremely useful in day-to-day life, especially when it comes to dealing with tasks such as managing money. However, with so many options to choose from, it can be difficult to know which ones to use &#8211; I know I have certainly struggled with this! So in order to make all of our lives easier, I have done the research to tell you which money-related apps you could consider downloading and using. In this blog, I will be categorising the apps into four different categories:<\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li>Budgeting<\/li>\n\n\n\n<li>Cashback<\/li>\n\n\n\n<li>Money-saving<\/li>\n\n\n\n<li>Investing<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">   <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-1024x684.jpg\" alt=\"\" class=\"wp-image-248\" srcset=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-1024x684.jpg 1024w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-300x200.jpg 300w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-768x513.jpg 768w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-1536x1026.jpg 1536w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-2048x1368.jpg 2048w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/kelly-sikkema-SBxdMoOY9zM-unsplash-1568x1048.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@kellysikkema?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Kelly Sikkema<\/a> on <a href=\"https:\/\/unsplash.com\/s\/photos\/budget?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Budgeting<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">Budgeting apps can be very helpful when managing money. They have saved me a lot of time and stress, and it has helped me to see exactly where my money is going. There are many different apps to help with this. From my research, here are the top five best budgeting apps for students:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Emma<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: An app that connects all your bank accounts in a single place, sync budgets, track spending and help identify subscriptions that can be cancelled. You can also add and track cryptocurrencies and pensions through this app.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Easy to sign up and navigate&nbsp;&nbsp;<\/li>\n\n\n\n<li>In-depth analysis and budget&nbsp;<\/li>\n\n\n\n<li>Highlights wasteful subscriptions&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>No savings category&nbsp;<\/li>\n\n\n\n<li>Interface can be a bit too simple&nbsp;<\/li>\n\n\n\n<li>Not all banks are supported&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>The basic version of Emma is free, but premium subscription can be up to \u00a39.99 per month.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Money Dashboard<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: It organises all your spendings to generate a clear dashboard that clearly outlines how your money is being spent.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free to download and use&nbsp;<\/li>\n\n\n\n<li>Free access to premium features&nbsp;&nbsp;<\/li>\n\n\n\n<li>Available on desktop&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>No clear instructions on how to use&nbsp;&nbsp;<\/li>\n\n\n\n<li>Unable to see pending transactions which is available on other apps&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Squirrel<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: Helps you to split your income\/money wisely. It also has a savings feature to put aside certain amount of money.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Easy to use&nbsp;<\/li>\n\n\n\n<li>Visualises data well&nbsp;&nbsp;<\/li>\n\n\n\n<li>Helps budget for costs well&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Have to pay to use&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>\u00a33.99 per month but a free 3-month trial is available.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Splitwise<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: an app designed to make the process of sharing\/dividing expenses with other people easier. Tracks and organises expenses, and enables people to add money &amp; pay other people through the app.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Easily able to split bill among people&nbsp;<\/li>\n\n\n\n<li>Able to easily invite contacts to split the bill&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Fulfils its main purpose of splitting the bill&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>: &nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free but premium versions are available.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-1024x683.jpg\" alt=\"\" class=\"wp-image-252\" srcset=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-1024x683.jpg 1024w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-300x200.jpg 300w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-768x512.jpg 768w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-1536x1024.jpg 1536w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-2048x1365.jpg 2048w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/marcel-strauss-5gJZZe48BS4-unsplash-1568x1045.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@martzzl?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Marcel Strau\u00df<\/a> on <a href=\"https:\/\/unsplash.com\/s\/photos\/coins?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Cashback<\/strong><\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">Cashback is a great way to save money when buying products online. From my research, I have found that these are the top apps and websites to receive the latest cashback offers:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>TopCashback<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: People receive a cashback when they buy products from featured retailers through their website.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Variety of options available for how to receive cash back rewards&nbsp;<\/li>\n\n\n\n<li>No registration or membership fee&nbsp;<\/li>\n\n\n\n<li>Lots of partner stores&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Payouts can be slow&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Basic version is free&nbsp;&nbsp;<\/li>\n\n\n\n<li>Premium membership is \u00a35 per month.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Quidco<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: offers cashback when people purchase from select online retailers. Quidco Clicksnap also offers discount on certain groceries.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Variety of retailers&nbsp;<\/li>\n\n\n\n<li>Sign Up bonus&nbsp;<\/li>\n\n\n\n<li>Earn rewards in store&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Inconsistent payout times&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Basic version is free&nbsp;<\/li>\n\n\n\n<li>&nbsp;Premium version is \u00a35 per year.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Swagbucks<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: people can earn points through select online purchases, which can be turned into cash\/vouchers.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Easy to join&nbsp;<\/li>\n\n\n\n<li>Easy to navigate&nbsp;<\/li>\n\n\n\n<li>Excellent reputation \u2013 a top survey company&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Customer service can be slow&nbsp;<\/li>\n\n\n\n<li>Not available in all countries&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-1024x681.jpg\" alt=\"\" class=\"wp-image-253\" srcset=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-1024x681.jpg 1024w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-300x199.jpg 300w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-768x511.jpg 768w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-1536x1021.jpg 1536w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-2048x1362.jpg 2048w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/katie-harp-6crWC9CgFes-unsplash-1568x1043.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@kharp?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Katie Harp<\/a> on <a href=\"https:\/\/unsplash.com\/s\/photos\/save-money?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">    <\/p>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Money-saving&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">On a student budget, saving money is always a win.&nbsp; I tend to find shopping online a lot easier and am always on the lookout for some good deals! These are the top apps that can save you time from searching the internet for random discounts codes:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Trolley<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: Allows people to compare the price of products in shops and supermarkets to find the cheapest price for groceries.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Good coverage of supermarkets&nbsp;<\/li>\n\n\n\n<li>Easy to set up and use&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>&nbsp;Have to search up items separately rather than able to upload complete shopping list&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Latest Deals<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: helps people compare prices of products across a wide range of categories. Also shares freebies.&nbsp;<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Able to secure cheap deals easily&nbsp;&nbsp;<\/li>\n\n\n\n<li>Able to use for all shops&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Does the job efficiently&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Free to download and use.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-1024x683.jpg\" alt=\"\" class=\"wp-image-255\" srcset=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-1024x683.jpg 1024w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-300x200.jpg 300w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-768x512.jpg 768w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-1536x1024.jpg 1536w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-2048x1365.jpg 2048w, https:\/\/blogs.kcl.ac.uk\/moneymentors\/files\/2022\/02\/markus-winkler-IrRbSND5EUc-unsplash-1568x1045.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo by <a href=\"https:\/\/unsplash.com\/@markuswinkler?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Markus Winkler<\/a> on <a href=\"https:\/\/unsplash.com\/s\/photos\/investing?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Investing<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\">Investing is becoming more popular as an alternative stream of income. Currently, there are a variety of options available and to make it easy for you, I have chosen a couple of apps that are a good place for beginning investors to start.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Moneybox<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: allows people to invest in \u2018global companies like Google, Apple and Netflix via simple tracker funds. With three starting options (cautious, balanced, adventurous), the app works by rounding up people\u2019s purchase and investing in their spare change.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Simple way to get into investing for beginners&nbsp;<\/li>\n\n\n\n<li>Good range of investment account-types&nbsp;<\/li>\n\n\n\n<li>Investment is protected by the Financial Services Compensation Scheme (FSCS)&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>High account fees for the return&nbsp;<\/li>\n\n\n\n<li>Limited investment selection&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>No fees for saving in a moneybox saving account&nbsp;<\/li>\n\n\n\n<li>Minimum investment \u00a31&nbsp;<\/li>\n\n\n\n<li>Monthly fee \u00a31&nbsp;<\/li>\n\n\n\n<li>Platform Fee 0.45%, charged monthly.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\">\n<li><strong>Plum<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: people can invest in sectors such as technology and ESG, and the app shows indications of the risk levels of each fund. People can invest from \u00a31, and can split or withdraw their deposits as they like.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Automatic saving&nbsp;&nbsp;<\/li>\n\n\n\n<li>Able to invest from as little as \u00a31&nbsp;<\/li>\n\n\n\n<li>Easy to set up&nbsp;&nbsp;<\/li>\n\n\n\n<li>FCA regulated&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>&nbsp;Money in primary pocket is not protected by Financial Services Compensation Scheme (FSCS)&nbsp;<\/li>\n\n\n\n<li>Investing charges are expensive if only investing small amounts&nbsp;<\/li>\n\n\n\n<li>Have to pay for some features that other apps offer for free&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Minimum investment \u00a31&nbsp;<\/li>\n\n\n\n<li>Monthly fee \u00a31&nbsp;<\/li>\n\n\n\n<li>Platform fee 0.15%.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><strong>Nutmeg<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Overview<\/span>: allows people to set their goal and choose their investment style for investment. The investment team chooses investments based on their preferences.<\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Advantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Competitive fees&nbsp;<\/li>\n\n\n\n<li>Heavily regulated&nbsp;<\/li>\n\n\n\n<li>No need for prior knowledge of investing&nbsp;&nbsp;<\/li>\n\n\n\n<li>Variety of risk levels to choose for to invest&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Disadvantages<\/span>:&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Unable to choose individual stocks&nbsp;<\/li>\n\n\n\n<li>Initial lump sum investment is high&nbsp;&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><span style=\"text-decoration: underline\">Cost<\/span>:&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\">\n<li>Minimum investment is \u00a3500 to open an ISA, General investment and Pension Fund or \u00a3100 for lifetime ISA or junior ISA.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We hope you have found this blog post useful and have a clearer picture of some money-related apps. Please feel free to ask us if you have any questions or queries regarding the apps in the comment section below!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">  <\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>Hania Hussain <br>King\u2019s Student Money Mentor<br>Part of Money &amp; Housing Advice<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">      <\/p>\n\n\n\n<p class=\"has-normal-font-size wp-block-paragraph\"><em>We only shared a handful of apps that some students may find useful in this blog. You should research further into the apps before using\/purchasing them for more information!<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The King\u2019s Student Money Mentors blog shares our students\u2019 personal experiences and thoughts on money-related topics. Any reference, opinions or recommendations on a particular company\/brand are only the views of the student(s) who wrote the blog post. <em>King&#8217;s College London, the Money &amp; Housing Advice service and the Money Mentor project do not share the views in the blogs nor endorse any of the companies mentioned.<\/em> Readers should conduct their own research before using any companies mentioned in our blog posts.<\/em>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all know that apps can be extremely useful in day-to-day life, especially when it comes to dealing with tasks such as managing money. However, with so many options to choose from, it can be difficult to know which ones to use &#8211; I know I have certainly struggled with this! So in order to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.kcl.ac.uk\/moneymentors\/2022\/02\/18\/a-guide-to-money-related-apps\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;A guide to money-related apps&#8221;<\/span><\/a><\/p>\n","protected":false},"author":967,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15,2,3],"class_list":["post-246","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-apps","tag-money-mentor","tag-national-student-money-week","entry"],"_links":{"self":[{"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/posts\/246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/users\/967"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/comments?post=246"}],"version-history":[{"count":14,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/posts\/246\/revisions"}],"predecessor-version":[{"id":519,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/posts\/246\/revisions\/519"}],"wp:attachment":[{"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/media?parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/categories?post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kcl.ac.uk\/moneymentors\/wp-json\/wp\/v2\/tags?post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}