If you’re looking for a way to simplify saving, budgeting, and investing, Plum is the app you need. This intuitive, AI-powered platform automates savings and makes investing approachable for everyone. From tailored saving rules to personalized spending insights, Plum goes above and beyond to help you grow your money effortlessly. Here’s why we think Plum is a game-changer for anyone who wants to boost their financial health.
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Plum is an AI-driven financial assistant app that helps users save, budget, and invest with ease. Plum’s goal is simple: to help users make the most out of their money by automating savings, providing actionable insights on spending, and offering investment options for everyone, even beginners. Let’s explore why Plum has become a must-have financial tool for thousands across the UK and Europe.
Plum’s standout feature is its ability to save money automatically. Using AI algorithms, Plum analyzes your income and spending patterns, calculating how much you can afford to set aside each week. For example, it might save a few pounds one week and more the next, depending on your available balance and spending. These savings rules are customizable, so users can adjust how aggressively or conservatively they want to save.
Example: One Money Hacks reader shared that after two months of using Plum, they had saved £200 without feeling the pinch, simply by letting the app handle the savings automatically. This “set it and forget it” approach helps users build their savings without needing to track every penny.
Plum doesn’t just save money; it also helps you understand where your money goes each month. The app categorizes transactions and provides real-time insights into spending patterns. With this feature, users can see exactly how much they spend on groceries, dining out, or entertainment each month. For anyone who wants to create a budget or simply see where they can cut back, these insights are invaluable.
Example: A Plum user noticed they were spending nearly £50 a month on coffee shop purchases. Using Plum’s insights, they decided to cut back and set that money aside for a vacation fund. Within a few months, they’d saved enough for a weekend getaway.
Plum offers an accessible entry into the world of investing, with options to start investing from as little as £1. Plum’s investment platform allows users to choose from a range of funds, each with varying levels of risk and focus areas, such as tech stocks or sustainable companies. For beginners, Plum’s easy-to-understand interface demystifies the investment process, making it approachable even for those without any prior experience.
For users wanting more control, there’s also the option to set up recurring investments or make one-time contributions. Plum’s straightforward, jargon-free descriptions of funds make it easy for anyone to start building wealth, even if they’re entirely new to investing.
One unique feature Plum offers is its bill-switching service, which looks for cheaper deals on household bills and helps you switch providers effortlessly. This is especially helpful for services like energy, mobile, and insurance, where prices can vary widely. With Plum doing the research and suggesting cost-saving options, users can potentially save hundreds annually.
Example: A Plum user received a notification about a cheaper energy provider offering a deal that would save them £120 a year. After a quick switch through the app, they saw instant savings without any hassle.
Through Plum’s Cashback feature, users can earn rewards on everyday purchases at select retailers. This can be a nice perk for frequent shoppers, providing an additional way to maximize savings and stretch your budget even further. For example, shopping through Plum’s cashback partners like ASOS, Tesco, or Nike can mean earning a percentage back on purchases, turning everyday spending into an opportunity to save.
While Plum offers a free version with core features like automated savings and spending insights, the premium subscriptions unlock advanced tools like investments, bill-switching, and cashback rewards. For many users, these extra features are well worth the monthly fee, especially considering the potential for increased savings and investment growth.
Plum isn’t just another budgeting app; it’s a powerful financial tool designed to save users time, money, and effort in managing their finances. With features that cover saving, investing, budgeting, and even reducing bills, Plum provides a comprehensive solution to personal finance. Whether you’re looking to save a little extra each month, get into investing, or simply understand your spending habits better, Plum delivers on all fronts.
Why Wait? Start Using Plum for Free Today and watch your money work for you.
At Money Hacks, we make saving, earning, and managing money simple. Whether you want to cut your bills, find the best deals, or boost your income, we share practical tips and strategies to help you get more from your money — without the fluff.
Disclaimer:
Money Hacks provides financial education, not financial advice. All content is for informational purposes only and should not be considered personal financial, tax, or investment advice. Always do your own research and consult a qualified professional before making financial decisions. Some links are affiliate links, meaning we may earn a commission. We only recommend products or services we genuinely believe add value.
