Finance app of the week

Money Dashboard (Neon)

Overview

Understand your finances – see your money in one place

Uses Open Banking to connects your accounts including bank, credit card, pension and investments, and even store cards so you can see all your money in one place. It categorises your transactions to give you a better sense of where you’re spending your money and eventually, the algorithms start to recognise the sort of transactions you make, for even more spending insights.

Pros – Key features

·       Account transfers

·       Connect to multiple accounts

·       Build a savings plan

·       Create your budget

Additional features

·       Split transactions

·       Get balance warnings – to balance bill paying

·       Spending history – see how your habits have changed

·       Custom categories – personalise your spending and add offline accounts

Cons?

Unable to link mortgages and other assets (although you can still see current account transactions relating to mortgages)

Who is it for?

Good for anyone who wants a complete overview of their finances, with lots of separate accounts, students/young people who are new to understanding their spending habits

Is it secure?

Uses 256-bit encryption and biometric security on the app to keep access to your data secure

Similar to?

Emma, Cleo, Mint, Moneydance, Plum

Available on

Desktop, Android and iPhone

Cost

Free