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Apr 23

7 reasons to use a money management app (like Yolt)

Reading Time: 3 mins

Odds are your bank’s app is pretty good. But a dedicated money management application is even better. An app like Yolt might not be on your radar right now but it should be. Because it could (literally) change the way you look at your finances – forever.

Here’s 7 reasons why we’re big fans:


1. For next-level budgeting

You may have noticed nifty budgeting tools popping up in your banking app recently. But compared to Yolt, they’re behind the curve. Budgeting’s the smart-thinking money app’s bread and butter.

Budgets are a great way of controlling your spending. With Yolt, you can set one for just about everything – from personal care to pets – in seconds. You can even see how much you’ve spent on each category over the last six months with a single tap.

And if it looks like you’re going to go over budget? Yolt will let you know! If you’re looking to take your spending by the scruff of the neck, you can’t go wrong.


2. To see all your money, in one place

Money management apps are all about making finances easy. And with Yolt, you can bring your accounts from different banks together under a single screen. Then you can see how much you really have, and where. Bye-bye app juggling.


3. Because safety matters

Staying safe online is crucial, and your security’s Yolt’s number one priority.

To keep you safe, Yolt makes sure you’re really you through a process called “know your customer”. It’s a legal process financial companies need to abide by.

While it sounds daunting, don’t sweat – it’s quick and easy. Just have a form of ID to hand when you sign up (like your passport) and, more often than not, you’ll be up and running in less than 15 minutes.

And you don’t have to worry about your banking details being used for nefarious reasons either. Yolt uses open banking (which is a secure way of sharing your financial details with the third-party providers you choose).

You can connect your accounts and get a complete view of all your money in a couple of minutes.


4. There’s no need to switch

Traditional banks want you all to themselves. The’d love for you to hold every penny exclusively with them. But lots of us have different accounts with different providers. Yolt helps you bank with whoever you want – and connects the dots between all your accounts.

There’s no pressure to switch or close your account, because Yolt just works – no matter who you bank, save or invest with.


5. To get instant money insights

With Yolt, you’ll always know where you’re at financially. The app serves up easy-to-understand charts and graphs, based on your saving and spending habits. So you can take a deep dive into your outgoings, see if you’re on track and even where you spend the most, all at a glance.


6. To see where you could save

Money managers aren’t just about seeing your money, they can help you save too. Yolt’s got a smart Bill tracker which can help you uncover subscriptions you might have forgotten about. It can even let you know when your recurring costs are going to be higher than usual. Smart.


7. If you’re after full money management

Yolt’s a bit different than other money management apps. It comes with its very own (ice-white) smart card. It’s a prepaid debit card that has saving features (like rounds ups) built in. You can use it anywhere Mastercard’s accepted.

While you need to get a Yolt Card as part of the sign up, there’s no pressure to use one. It’s just another great tool in Yolt’s arsenal that could help you take your money to the next level – by helping you save, even while you spend.

If you’re really looking to future-proof your finances, a money management app could be just what you’re after. Best of all, Yolt won’t cost you a penny.


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