Various challenges will help build up a tidy savings pot, too, be it the 1p Challenge that saves an extra penny every day for a year (which will see £667 squirrelled away), or the 52-Week Challenge that sets aside an extra £1 every week for a year, then £2, then £3, meaning after a year you’ll have a tidy £1,378.
By setting up a Direct Debit you’re allowing Plum to take money out of your account when you request it either via their deposit rules or a manual deposit you initiate within the app.
Automation may help us with our weekly supermarket order and allow us to pre-programme our heating, home security and lighting, but did you know it could also help you save more money?.
Smart money app Plum is on a mission to help its customers grow their money for life.
While the platform can’t ensure you get your five-a-day or clean the bathroom for you – perhaps one day… – the Plum app is one of the simplest ways to add automation into your finance life.
