OpenMoney

Set financial goals and get personalised financial advice on how to achieve them. Manage your money with a budget planner and get practical money tips to reach your financial goals with the OpenMoney app. So, whether you want to monitor and pay off your debt or start saving to buy a home, the OpenMoney app can help you reach your money goals.

OpenMoney are dedicated to helping people with their money, and we believe money advice should be for everyone. We believe that small habits can make big differences. Whatever you want to do, getting organised with your money is the best first step.

How it works:

1. Select your goal and decide how much you want to save. Choose from:

• Clear my debts

• Save for a house

• Save to invest

• Save for something

2. Connect all your accounts, so you can see all of your financial accounts in one place. You can connect your current accounts, savings, credit cards, pensions, investments and more.

3. Get free advice from the experts. If you’re in debt, we’ll advise you the best way to get out of debt after getting to know your current money situation.

After setting your financial goals and connecting your accounts, you can start to manage your money with our handy money management tools. These include:

Regular payments:

Tell us about your bills and subscriptions, so that you don’t get caught out by unexpected payments. We keep you in the loop before they come out of any of your accounts. Once we know your regular payments, you can build a budget for all your other expenses like entertainment, groceries and travel. Anything left over, you can save towards your goal.

Budget management:

Set a budget to start putting money away each month towards your goal. You can get as specific as you’d like with your budgets, with a range of categories to choose from. We update you on how your budgeting is going, and let you know if you’re over budget.

Spending analysis:

Our spending tracker allows you to view your spending breakdown of recent purchases by category or merchant. Filter by time period to see how your spending habits have changed over time. Having sight of where you spend money is a great way to see where you can cut back and start saving money.

If you’re an investor with OpenMoney:

Stay up to date with the performance of your OpenMoney investments, with in-app live performance updates. You can check the current value and % performance of your investments such as your pension, ISA or General Investment Account.

Coming soon:

Goal tracking:

Know exactly how long it will take for you to reach your chosen goal in weeks, days and months as we keep you updated with how your progress is going. We can also tell you how changing your habits can help you reach your goals sooner.

Our app gets you on the right track to achieving your goal, but once you’ve achieved it, we’re here to make sure the money you’ve saved goes further. We help people become investors and homeowners with our advice-led approach to money. We’re ready when you are for your next step.

Detailed Investment Analysis:

• Full breakdown of your performance over 1 month/3 months/12 months.

• Graphs and charts to visually see how your investments have performed over time.

When investing, your capital is at risk. The value of your investments may go down as well as up.