'How this smart money app helped me save £7,000!'

'How this smart money app helped me save £7,000!'

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'How this smart money app helped me save £7,000!'
Published: Jan, 28 2025 09:53

Most of us know the importance of putting our money to work - it's getting started that's the problem. After all, the world of saving and investment can seem complicated and confusing to newcomers, not least due to the blizzard of jargon and sales speak...

 [Plum links to your bank account and uses the power of algorithms to analyse your income and outgoings, calculating how much you can afford to set aside]
Image Credit: Mail Online [Plum links to your bank account and uses the power of algorithms to analyse your income and outgoings, calculating how much you can afford to set aside]

If this all sounds familiar, it could be time to try a smart money app that's making money management more accessible than ever before. Plum (available on App Store and Google Play) has already got over 2 million people onboarded thanks to its clever automated saving and investing features.

 [Plum has nine automatic savings rules that aim to help you stash more money away on a consistent basis]
Image Credit: Mail Online [Plum has nine automatic savings rules that aim to help you stash more money away on a consistent basis]

The simple-to-use app sets aside just enough cash every week so you don’t notice, before saving or investing it in a way that works for you. As with all investing, please remember that your capital is at risk and you may get back less than you put in.

 [Lily praises the clever features for making saving and investing more interesting and accessible]
Image Credit: Mail Online [Lily praises the clever features for making saving and investing more interesting and accessible]

Plum's approach to simplifying money management was what caught the attention of Lily Devins, a 25-year-old graphic designer and illustrator from London. She's now saved around £7000 with Plum since 2021. As well as investing in the stock market for the first time, she's also opened a Cash ISA - which lets you save up to £20,000 every year without paying tax on your interest.

 [Plum offers more than 25 professionally managed investment funds]
Image Credit: Mail Online [Plum offers more than 25 professionally managed investment funds]

Tax treatment depends on your individual circumstances and may change in the future. Always do your own research. Also keep in mind, as with all investing, your capital is at risk, meaning the value of your investments can go down as well as up. Lily Devins is a 25-year-old graphic designer and illustrator from London.

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