4 Budgeting apps to help track your Christmas expenses
By Gloria Methri
The holiday and festival season is upon us. It is a time of joy, celebration, and, often, increased spending. With the spirit of giving and receiving in the air, it is easy for our budgets to get lost in the whirlwind of festivities. However, technology comes to the rescue in this digital age, with many budgeting apps designed to help individuals better manage their finances during this merry season.
These budgeting apps serve as financial companions, offering tools and features to keep spending in check while ensuring the holiday spirit remains alive. From tracking expenses to setting savings goals, these apps empower users to navigate the holiday season without compromising their financial well-being.
Here is a list of 4 budgeting apps in the UK to help manage your festive finances.
Chip is an automatic investment and savings app to help redress the imbalance between saving and spending. The app lets you track your spending behaviour and set multiple savings goals such as for home buying, holiday trips, etc.
It calculates and saves small sums daily, depending on your budget and spending activity. Chip offers 4.84% AER on up to £250,000 in instant access savings. While the Chip budgeting app is free, the premium ChipX version with is available at £5.99/month.
Emma is a premium money management app that helps track debt, manage your subscriptions, and find cheaper alternatives for saving money. The app links directly to your bank accounts and other financial products, analysing the information to make suggestions on wasteful subscriptions you could cut.
The standard free version of Emm
Unlike most personal finance apps, Fudget can be installed on any device, including Macs and Windows PCs. It provides an alternative to feature-heavy apps that help with various aspects of your finances. This app is a budgeting-only tool that allows you to manually make and edit lists of all income and expenditures to keep track of your balance.
The free account lets you create up to five budgets, for around £16 per year. You can upgrade to the Pro version which includes unlimited budgets, and the option to export the data to a spreadsheet.
Koody is a UK-based wealth management app that enables you to set budgets, upload physical receipts and manage all your finances from one place without being connected to a bank account. It offers in-depth spending insights and sets reminders for regular expenses such as subscription payments.
The app claims to provide all the tools, support, and education you need to take charge of your finances. You can use the app for free or upgrade to its Pro version at £1/month or £10/year.
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