What Is Plum, And How Does It Work?

You can download the Plum app HERE (AD Referral Link)

Throughout the post I will post the link to download which is an AD Referral Link that you are not obliged to use.

Hi everyone, I hope you’re all well!

I’ve been talking about an app for quite a few months now; it’s a savings app, and it’s changed mine and so many other peoples lives, so I want to answer some questions for you all, to explain what it’s about. I have been historically crap with saving, and after discovering this app it really changed how I save and how I value my finances.

What is the app?

It’s a free savings app called Plum, that connects to your bank account and monitors your transactions, working out what is affordable for you to save.

Download here https://friends.withplum.com/r/WWtgLB

How does it save money for you?

It links up with your bank account, and takes money out by direct debit. It can save money two ways; one is where it does a ‘Round Up’, which is where every week, it will round up my transactions to the nearest pound and put away the spare change, and Automatic Savings, where it will analyse my income and expenses and works out what it can set aside without affecting my daily life, and it does this every 4-5 days. Both of these are not a huge amount, and in my experience with the app are between £1-£10 a time, and you can turn them off at anytime. You can also turn the Savings mode right down to a low saving if you’re skint (or off completely!), or turn it right up to mega savings mode if you want it to save money for you.

So, for example, you download the app, you connect your bank account to it (the app will do all this for you). It puts aside £3.43 for me as a Round Up on Monday, and on Wednesday it works out I can afford to save an extra £5.50 that week. On Sunday, it does another Round Up of £2.82. I therefore have £11.75 in my Savings Account on the app, which I can withdraw at any time, or just leave it there and continue to let it build up.

Download here https://friends.withplum.com/r/WWtgLB

How do I access my money?

You simply go onto the app, which you login to with a 4 digit code you’ve set up yourself, and then withdraw however much you want; half of it, £10 of it, the whole amount, whatever you want.

Download here https://friends.withplum.com/r/WWtgLB

How long does it take to get my money?

Once you’ve withdrawn your savings from the app if you choose to, they’ll be back in your bank account within about 15 minutes.

Download here https://friends.withplum.com/r/WWtgLB

Does the app cost?

It’s completely free – they don’t take a cut of your money or anything like that. It’s totally free to save. If you choose to Invest with them (get them to invest your money into companies on your behalf), I believe they take a cut then, but I haven’t done that yet. They also have a few different options such as a Pro account which has different benefits and costs about £2 a month. I just use the standard free version which I love.

Download here https://friends.withplum.com/r/WWtgLB

Is it safe?

It is absolutely safe – I’ve researched it to within an inch of it’s life! They never have access to your bank login details, and run their servers on a cloud that the worlds biggest financial institutions do. Your money is also protected, so if they did ever go out of business, your money would be returned to you. You can look at their FAQ’s online too which answers any question you my have. I’ve had messages from people who work in the Fraud team at banks saying that they use the app and love it.

Download here https://friends.withplum.com/r/WWtgLB

Is it a good app?

Honestly…it’s fantastic. I have had hundreds upon hundreds of messages from people telling me how an app that has put away their spare change has paid for their wedding deposit, a new car, Christmas shopping, their rent, their food shop, their travels, an amazing holiday – you name it, it’s done it. You don’t even notice the money leave your account, so when you let it build up and withdraw it for a big purchase or your holiday spending money it feels like free money even though it’s yours.

You can download the app here https://friends.withplum.com/r/WWtgLB (AD Referral Link)

I hope you all enjoy using the app – 2020 is the year of getting on top of our finances!

Speak soon!

All my love BGP xx

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