Bank-level security to protect your information and money.Ĭost: Free to download, however users must pay a subscription to unlock full functionality.A chatbot is available for you to ask questions like “how much did I save last month?”. Savings tips sent via push notification, based on machine learning that can also predict your future spending.Personalised insights into your spending, including categorisation.Cashback options are available after spending money with linked brands.Your money can be invested in one of six diversified ETF (exchange-traded fund) portfolios.Lump-sum and recurring investment options, easily allowing you to invest more money at the touch of a button.Roundup technology, allowing you to either save or invest every time you spend through your linked transaction account/s.While the investment platform of Raiz might come with fees, it costs nothing to use the savings feature on offer by Raiz. This feature can categorise your spending into things like food or utilities and breaks it down on a month-to-month basis. Not only can you utilise the micro-investing or recurring deposit features as a tool to save via investments, but it also has a free ‘My Finance’ feature within the app that provides personalised insights into your spending. Raiz is a micro-investing app that allows users to invest in a portfolio of ETFs (exchange-traded funds) through spare change ’roundups’, recurring investments, rewards and lump sum deposits.Īlthough it’s primarily an investment app, it also has features that are helpful for saving. RaizĬost: Raiz is free to download, but there are fees when you start investing. In no particular order, here are some of the most popular budgeting and savings apps available to Australians. Best Budgeting Apps of 2023 based on category But today, personal finance apps have become the new norm for Aussies looking to budget and save with thousands available through either Apple's App Store on iOS or the Google Play Store. It sounds simple enough, but in reality, identifying where you can spend less money and finding practical ways to improve them can be challenging.īack in the day, people would pore through receipts on a Sunday night and write all their expenditures down. With a number of Aussies copping the brunt of inflation, cost of living pressures and rising interest rates, there are a number of ways you can save including refinancing to a lower rate on your home loan, opting for a used car over a new one, cutting down on credit card interest and more. Your bank might have a good savings app tooįrequently asked questions (FAQs) about budgeting
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