Are You Using Our Personal Finance Update?
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Personal Finance is a free feature within the True Potential Investor app, enabling you to consolidate all of your bank accounts, savings accounts and credit cards in one place. The benefit of this is a clear overview of your spending, with the app working to automatically track and categorise your purchases.
For example, you’ll see categories such as ‘Entertainment’ and ‘Food & Groceries’. By looking at how your spending breaks down across several categories, you’ll get a better idea of where you could save more or spend more. The knowledge you gain could help you to save thousands over a year.
We are already hearing success stories on our Facebook page. David Reid commented, “I no longer spend £8 per day on Asda lunches! Convenience is one thing, but I’d rather have the £160 per month in my pocket! £160 per month, that’s nearly £2000 per year! That’s a holiday just for being a bit more sensible. Brings it home when you see it on a screen in front of you.”
The app effortlessly records and categorises your spending, enabling you to make the decision on your expenditure. The set-up for linking your accounts is a quick and easy one-time-only process. Furthermore, with the latest encryption and security technology, none of your login credentials are accessed or stored by us. Your transactional data is accessed securely via Yodlee.
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