Piggy banking involves splitting your money into separate \u201cpiggy banks\u201d, each for a different purpose. This savings method makes it easier for you to set a budget for how much you want to spend on things each month and set aside money for important things like bills and rent.<\/p>
While piggy banking draws on an old school savings method, with current technology it\u2019s easier to do than ever before! With all the different budgeting and personal finance apps available now, it takes little work to divide your money into different categories. And it\u2019s especially easy with digital banking apps like Revolut<\/a> and Monzo<\/a>.<\/p> Revolut allows you to divide your money into different \u201cPockets\u201d (previously called Vaults) for various categories. Similarly, Monzo also lets you split your money into different \u201cPots\u201d which can be used for anything you want.<\/p>Apps that can help you budget<\/h3>