Struggling to keep track of your income and expenses? With the rising cost of living putting pressure on household budgets, managing your finances has become more crucial than ever. Fortunately, you no longer have to rely solely on manual methods. A growing number of innovative finance apps are now available to simplify budgeting, debt tracking, and even splitting costs with friends. These tools can help you identify spending patterns, build savings habits, and take the stress out of money management. Here are ten of the best finance apps currently on the market to help you regain control of your finances.
1. Plum
If you often find yourself with little to no savings at the end of the month, Plum might be the solution. After linking to your bank accounts and credit cards, the app analyzes your spending habits to determine how much you can realistically save or invest. It automates the process by rounding up everyday purchases and transferring the spare change into savings pots. This helps you build a financial cushion without requiring active effort.
2. HMRC App
Downloading the official HMRC app is a wise move, especially for self-employed individuals or those unsure about their tax situation. The secure platform allows you to check your National Insurance number, view your tax code, track Child Benefit, and make Self Assessment payments. You can also claim a refund if you have overpaid tax. Many users find it much easier to navigate than the desktop version of the HMRC website.
3. Premium Bonds Prize Checker
Whether you regularly invest in Premium Bonds or suspect you might have old bonds from years ago, this app helps you stay on top of your holdings. It allows you to check for winnings from the last six draws and keep track of all your bonds in one place. Notably, there are currently over 2.6 million unclaimed prizes worth more than £109 million that were won at least 18 months ago—some of that money could be yours. The app's monthly 'reveal' feature adds a fun element, celebrating wins with short videos while delivering disappointing news gently.
4. Splitwise
For those who regularly share costs, Splitwise simplifies managing money with others. Whether splitting bills in a house share, organizing a group trip, or working out who owes what after a meal, the app keeps everything organized in one place. Users can log expenses in real time, track balances, and settle up instantly, helping to avoid awkward conversations or forgotten debts.
5. Monzo
Monzo is one of the UK's most widely used digital banks, offering a straightforward way to manage everyday spending. Users can divide their money into separate 'pots' for bills, savings, or specific goals, and request payments from others with a simple link. It's also popular among travelers as it charges no fees for spending abroad. To use the app, customers need to open a Monzo current account.
6. Emma
Designed as a digital 'financial assistant', Emma aims to simplify money management and give users greater control. The app brings multiple bank accounts together in one place, allowing users to track spending, monitor subscriptions, set budgets, and analyze financial habits. It also offers features to help users start investing, making it a comprehensive tool for improving overall financial health.
7. Trolley.co.uk
Trolley.co.uk simplifies supermarket shopping by comparing grocery prices across major UK retailers in real time. Whether shopping at Tesco, Aldi, or other chains, the app highlights where each item is cheapest, helping you stretch your budget further. According to the platform, regularly checking prices could reduce your weekly shop by up to 30%.
8. Snoop
Snoop helps households avoid overpaying on everyday bills. The app monitors your spending, flags when tariffs increase, and identifies opportunities to switch to better-value deals. It also scans for unused subscriptions, prompting users to cancel services they no longer need, thereby cutting unnecessary outgoings.
9. HyperJar
HyperJar encourages more intentional spending by allowing users to divide money into separate digital 'jars' for different purposes. This makes it easier to budget for essentials like groceries while also setting aside funds for goals such as holidays or big purchases. The app also offers cashback rewards and discounts with selected retailers, adding extra savings opportunities.
10. PocketGuard
PocketGuard provides a clear overview of your finances by tracking income, bills, and spending in one place. It automatically categorizes outgoings and shows how much money is left after essentials are covered, helping to prevent overspending. The app also supports debt planning and offers insights into overall financial health, making it easier to stay in control of day-to-day money management.
