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9 of the Best Apps to Help You Save for a Deposit

Bank of Mum and Dad

For those who are edging nearer and nearer securing their own property, these apps below can help make that dream a reality. House deposits are notoriously hard to save for, so why not utilise technology to make things a little easier for yourself?

Squirrel

Having a Squirrel account on your smartphone (courtesy of Barclays) is like having your own personal pocket-sized accountant. You can split your salary into bills, savings and weekly ‘free’ allowance.

Money Dashboard

Dubbed as the UK’s best personal finance app, Money Dashboard allows you to choose from four goals; I want to buy a house, I want to pay off debt, I want to grow my savings, I want to go on holiday. You can then analyses your spending through the dashboard, budgets, accounts and planner functionalities.

Monzo

Monzo is part of a new wave of banks. Using an app on your smartphone, you can receive instant notifications about your spending habits and utilise their built-in budgeting tool.

O2 Priority Moments

Everyone deserves a little fun, even when saving for a deposit. O2 customers can make the best of O2 Priority Moments; an app that delivers offers and discounts for tickets, eating out and entertainment.

ATM Hunter

Launched by MatserCard, ATM Hunter allows you to find ATMS using your iPhone’s GPS. How does this help you save for a deposit? No more mindlessly using contactless card payments; settling up with cash makes you far more aware of what you are spending.

Stocard

Stocard is the wallet of the future and the app can be downloaded from the Apple store and Google Play. The app allows you to store all your loyalty cards virtually whilst also being alerted to the best offers and rewards.

Chip

Available on IOs and Android, Chip uses an algorithm to calculate what you can afford to save based upon your spending habits.

MySupermarket

This genius app is perfect for those of us who tend to go astray on the weekly food shop! Completely free to download, the app allows you to compare prices of whole grocery shops as well as single items. On top of this, you can get personalised vouchers and nab the best offers as they hit the shelves.

Owy

An incredibly simple app to use, you can now make sure you don’t miss out when family members promise they will pay you back. You can not only keep track of who owes you what financially, but also items too. Lent your brother some money and jacket? You can keep tabs on this via Owy.

Bear in mind

Wellesley Property Bond

  • The Wellesley Property Bond has a fixed rate and duration.
  • The Wellesley Property Bond is an ISA eligible investment, allowing you to earn tax free interest on your investment. Please note, tax allowances and the tax efficient benefit of ISAs could change in the future.

Your capital is at risk and interest payments are not guaranteed. Investment in any Wellesley Property Bonds are not covered by the Financial Services Compensation Scheme (FSCS). In the event of a loan default or if Wellesley Secured Finance Plc becomes insolvent, you may lose some or all of your investment, including interest payments due. If you are in any doubt about making an investment or do not fully understand the risks, you are strongly recommended to consult an independent professional financial adviser before you subscribe.

Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511). Wellesley Secured Finance Plc was established as a special purpose vehicle for the sole purpose of issuing asset backed securities and is not part of Wellesley Group.

The information contained in this website has been approved as a financial promotion for UK publication by Wellesley & Co Limited (FRN 631197) who is authorised and regulated by the Financial Conduct Authority (FCA). Wellesley Property Bonds are issued by Wellesley Secured Finance Plc (the Issuer) and is not authorised or regulated by the FCA.

Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office and trading address is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 1 Bartholomew Lane, London, EC2N 2AX.

 

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