Save & budget with Revolut

Save & budget with Revolut
- Get a free £10 top-up
- Get 1 month of Revolut Premium free
- For new customers only, T&Cs Apply.
It’s payday and you’re probably thinking about finally finalising the order that’s been in your Amazon basket for weeks… not about how much of your salary can go into your savings account. Still, you do need to put money aside for the future. Doesn’t an app that calculates how much you can afford to save and then just moves the money for you sound absolutely brilliant?
You can either use Plum for that (it’s a chatbot that works as a financial assistant; learn more about it on our full review) or look at this list of possible alternatives we’ve put together for you.
If you only look at apps that analyse your spending and automatically put a sum aside for you every few days, Plum doesn’t have a lot of direct competitors. However, there are a bunch of alternative ways to automate your savings. You can have a look at the following:
Plum also gives you a series of insights into your spending, categorising your transactions automatically and sending you periodic budget updates. However, acting as a budgeting app is clearly not its main job and there are a bunch of dedicated options that will serve the purpose better.
Money Dashboard and Emma are all suitable apps you can have a look at.
If you want to make your savings profitable by investing them, the most obvious alternative to Plum is to look at the selection of share dealing platforms available. Some of them have very handy apps and a whole lot of information for beginners.
However, if what you want is an app that both helps you save and then invests what you’ve saved (the investment option costs a minimum of £1 a month through Plum), your alternatives are a bit limited.
Of the apps mentioned above, Oval is the only one offering a free investment option. With Moneybox, you can connect a card to the app, round up your spare change and invest it for £1 a month plus a 0.45% platform fee. Meanwhile, dozens also has an investment option, but this involves applying for one of its fixed interest bonds (there’s a limited number available), which pay 5% per year and require a minimum investment of £100.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Plum is a solid choice if you’re looking for an app that will help you put money aside and then invest those savings for you. But if you’ve decided you want to try an alternative to Plum, then there are other apps out there that will help with your saving, budgeting or investing goals.
We take a detailed look at the Kuda money app to see how it works.
We look at how bank accounts from Chase and Starling compare.
Use our guide to compare the free current accounts from digital challenger banks Chase and Monzo.
We look at how current accounts from Chase and Revolut compare.
Learn more about Juni’s business account for ecommerce and online marketing entrepreneurs.
Find out more about the SumUp business account, including its pros and cons.
Is Monzo’s app-only current account the right option for you? Read our review to get the low-down on all of the features of the account, its card and the app.
Revolut Plus is the latest current account to be offered by digital banking brand Revolut – we take a look at its features and fees.
New UK banking startup Novus says it will offer a digital bank account with a conscience. Here’s what we know about it so far.
The latest kid on the neobank block, Vybe is a free-to-use digital account that offers perks and discounts through its range of brand partners.