Take control of your finances using Money Saving App Plum **

We live in a time when saving money seems to be something hard for most of us to do, this could be either due to high cost of living, our spending habits or even our lack of knowledge on how to handle money. Plum is an app specially created to help you save money and invest in things that matters as well as help you spend less on bills.

How does it do that you ask? Well first, the the app connects to your bank account, this helps it to identify regular income, monthly bill payment and analyse your spending habits.  Using its smart algorithm it can then finally help you to set aside a small amount of money without even you realising it (which is a great thing as if you knew you had that money, you would have spent it anyway…).

Here in this post, we share all you need to know about the app, what its about, how it can help you.  But most importantly… the million dollar question!! Does it work and is it safe?  So read on to find out more about it.


What is Plum

Plum is the first AI-powered Facebook Chatbot which allows you to take control of your finances and start saving and investing effortlessly, without changing your lifestyle, budgeting or even noticing. Plum also makes sure you aren’t overpaying for any financial products, such as energy bills or overdrafts, and will let you know and help you switch if you are.


This sounds interesting…how do I get started? 

1. Download the app
2. Link Up to your Bank Account
3. And let Plum help you save money


What happenes to the money that is saved  and can I withdraw from it?

You can access your savings at anytime. Plum will inform you how much savings you have and will save or withdraw for you whenever you want. Additionally, it will accumulate money it thinks you can safely put aside in the background. Its easy to withdraw your money from Plum via just a simple text message such as “Plum withdraw (followed by the amount)”.  The money will be in your account within 24 hours on a business day and there is no limit for withdrawals or fees incurred.  Your Plum savings account is created and administered by their partner MangoPay, an EU-licensed financial institution, and your savings are held at Barclays. Your savings account is ‘virtual’ and has no account number and sort code. The only way to put money in or take money out is via Plum.

How does it work?

Plum connects to UK current accounts, monitors spending patterns, setting aside an amount of money that can be safely saved every few days.  Plum is bank grade secure and able to connect to and analyse any UK current account. The smart algorithm understands spending patterns, identifies income and bills and creates a unique profile for each one of its users. Then, every few days, it will calculate a small and safe amount of money to save, which is transferred to an individual’s Plum savings account. Users can talk with the Plum on Facebook Messenger, ask it to save more money or withdraw money from their savings back to their current account.  This means that it can boost the savings of even the most savvy spenders by catching all the bits that fall through the gaps, working in tandem with traditional saving techniques such as direct debits.  Once you have accumulated some savings, Plum starts to look for how you can make those savings work harder by giving you the option to invest and gain a huge 3% interest!  Plum also makes sure you aren’t overpaying for any financial products, such as energy bills or overdrafts, and helps you switch if you are. 


I am skeptical with getting an app to connect to my bank account, is Plum Secure?

Plum is bank grade secure and able to connect to and analyse any UK current account. It never tells Facebook (or anyone) any of your details or transactions. It never stores (or has access to) your bank login details. Your personal data is 100% encrypted and protected.  Your Plum savings are never at risk. It doesn’t lend out money like banks do, so doesn’t make any interest on it at all. However, should you choose to invest your savings through its partnership with Ratesetter, there is a risk in the same way as with all investments.

What’s great about Plum?

  • Its free to register, withdraw money and deposit money
  • It gives you tips on how to save money especially if you are overpaying bills
  • If you are struggling to save money and don’t know where to start. This is a great money savings app as only removes small amount of money (based on your spending habits) without you realising it.
  • If you would like to invest the money you have saved, it will suggest ways on how you can do it
  • Your Plum savings account is created and administered by their partner MangoPay, an EU-licensed financial institution, and your savings are held at Barclays. So its very safe.
  • Quick and easy access to check how much you have spent, how much income you have made and how much you have saved at a touch of a button

What’s not so great about Plum?

  • It only works with UK Banks at the moment
  • If you wanted to withdraw the money which has been saved, it can only be done on a weekday and takes 24 hours for the money to be in your bank. Which seem fairly right in some ways as the last thing you want is to be on a night out and then try to sneak some money out of your savings for a pint.

Here’s a short video on how Plum, the Money Saving App works


About Plum

Plum was born out of a personal challenge between its co-founders, Victor Trokoudes and Alex Michael, to see who could save faster and smarter.  At the end of every month Victor put aside the money that was left over in his current account. Alex, on the other hand, wrote a programme which started to regularly calculate how much he needed until the end of the month and downloaded his transactions. Whatever he didn’t need was automatically transferred into his savings. After a few months, they compared balances and changes in lifestyle. Alex had saved almost double than Victor! What’s more, Alex hadn’t had to change his spending habits or even remember to put the money aside.  With less hassle, he’d saved far more. And that’s how Plum started. And if you’re wondering why its called Plum? Well, back in Cyprus, Alex earned his pocket money picking and selling Plums from his grandfather’s garden. He even build a little stand at the end of a drive himself to host is Plum pocket money business.


You may also want to read this: Discover your future via the Palmistry HD App


** Note: This is a collaborative post, a small fee was paid in exchange for the review of this post and images have been provided to us. All views and findings are our own.



  1. March 9, 2018 / 5:46 pm

    It sounds like a very interesting app. I would be worried though about linking it to my bank account.

    • yeahlifestyle
      March 9, 2018 / 6:40 pm

      Some people would have that worry and its totally understandable, but the software is totally safe and it offers a great and modern way to save money

  2. March 9, 2018 / 6:34 pm

    Sounds like a good idea! I like to manage my finances in the traditional way though, but maybe that’s just me!

  3. March 9, 2018 / 8:08 pm

    It sounds great to be able to save without realising you are doing it!

    • yeahlifestyle
      March 9, 2018 / 9:13 pm

      Totally, sometimes if we know that the money is there, we just end up spending it

  4. March 9, 2018 / 10:16 pm

    I think this is interesting! I too have concerns about linking my bank account with anything that uses facebook I’ll watch with interest over the next couple of months people’s longer term views on it so even if you can update that would be fab!

    • yeahlifestyle
      March 10, 2018 / 10:54 pm

      Yes do follow the latest updates. Anything new is viewed with caution in the beginning, but this is the way ahead.

  5. March 10, 2018 / 12:55 am

    I so need this hahaha!!
    I love that you can link your bank account to it and it tracks your spending!!
    However I’d be worried about linking my bank to it as hackers can find ways of getting in!!l

    • yeahlifestyle
      March 10, 2018 / 10:53 pm

      Yes its grea hving information at your fingertips but don’t worry as this is very safe and your details are protected.

  6. March 10, 2018 / 7:16 am

    This app sounds amazing, and I’m always interested in more organization for my finances. Though sadly, my Korean bank account can’t be linked up to most international apps – but maybe Plum will expand one day. 😉 Too bad, since I love the simple layout design you show in your screenshots!

    • yeahlifestyle
      March 10, 2018 / 10:51 pm

      Thanks Evelyne, yes hopefully they will grow bigger and reach Korean market soon. The app is so easy to use and set-up.

  7. March 10, 2018 / 8:17 am

    Heard lots of good things about this and so many people love it! Definitely going to be giving this a go! Although am a little worried about the security 😕

    • yeahlifestyle
      March 10, 2018 / 10:50 pm

      Most people are, but don’t worry as its very safe

  8. March 10, 2018 / 12:38 pm

    This sounds like a good idea. I’m old school though. I don’t even do online banking!

    • yeahlifestyle
      March 10, 2018 / 10:49 pm

      Oh no Mayah, you need to start soon. This is so easy and won’t take long to set up too

  9. March 10, 2018 / 4:50 pm

    This sounds like a great way to try to save a bit of money if you aren’t good at that sort of thing normally.

    • yeahlifestyle
      March 10, 2018 / 10:49 pm

      Definitely, any little amount saved helps

  10. March 10, 2018 / 6:46 pm

    Ohh.. this looks interesting! But I am quite skeptical adding all my finances to an app 😕

    • yeahlifestyle
      March 10, 2018 / 10:48 pm

      Yes you don’t need to worry about that as its quite safe

  11. March 10, 2018 / 11:19 pm

    Soooo glad I came across this because I’ve been trying to look into ways to save! Awesome!

    • yeahlifestyle
      March 12, 2018 / 12:19 pm

      That’s great Flo, glad to be of help x

  12. candy
    March 10, 2018 / 11:57 pm

    Never heard of this new app. At least new for me. Great to learn more about how it works and what you can do with it. Would be worth checking out.

    • yeahlifestyle
      March 12, 2018 / 12:18 pm

      Totally Candy, glad you learnt something new

  13. Aireona
    March 11, 2018 / 1:41 am

    I have never heard of this app, but it looks pretty interesting and potentially helpful. Thanks for sharing.

    • yeahlifestyle
      March 12, 2018 / 12:18 pm

      Your welcome Aireona

  14. March 11, 2018 / 4:07 am

    I’m loving all the money saving and investing apps these days. Count me in!!! 🙂

    • yeahlifestyle
      March 12, 2018 / 12:18 pm

      Thanks Sondra, happy to hear that

  15. March 11, 2018 / 7:03 am

    I used a similar app before and it linked to my bank accounts as well as monitor my spending but didn’t have the added feature of helping me save etc

    • yeahlifestyle
      March 12, 2018 / 12:18 pm

      Yes and that’s why we think this app is great

  16. March 11, 2018 / 8:21 am

    Looks like a very cool app. However, I hate having too many apps on my phone! Great post!

    • yeahlifestyle
      March 12, 2018 / 12:17 pm

      It is Msddah

  17. Romy
    March 11, 2018 / 9:16 am

    Seems like a great app. I’m sure it won’t be long before something like this is available in other countries too. Not sure if I would use it, because I hate using apps for my finances.

    • yeahlifestyle
      March 12, 2018 / 12:17 pm

      Well we are all worried with something new, but I think this is the way to move forward

  18. Elizabeth O
    March 11, 2018 / 2:25 pm

    What a really interesting app, such a cool concept to create a money saving app to help people!

    • yeahlifestyle
      March 12, 2018 / 12:17 pm

      Totally, especially for those struggling to save

  19. March 11, 2018 / 4:27 pm

    I loved Plum when I had it set up – the only reason I removed it was because I realised my bank actually offered the same thing within their app. I’d definitely recommend it to people who don’t have that option though.

    • yeahlifestyle
      March 12, 2018 / 12:16 pm

      Ahh did not know that Rebecca, thanks for sharing

  20. March 11, 2018 / 9:25 pm

    This sounds really interesting. I don’t have a regular income but am so tempted to try this out to see if it helps.

    • yeahlifestyle
      March 12, 2018 / 12:15 pm

      We are sure it will Jenny

  21. bryanna skye
    March 11, 2018 / 9:31 pm

    this sounds really unique — it’s great to hear it is secure, as I would normally worry quite a lot about linking anything to my bank. sounds super helpful though in terms of saving!

    • yeahlifestyle
      March 12, 2018 / 12:15 pm

      Thanks Bryanna, yes we are very skeptical too but were assured that its safe

  22. March 12, 2018 / 12:32 am

    I’ve never heard of this app before, but am truly interested and will check it out. A great post detailing all of the pros of using it!

    • yeahlifestyle
      March 12, 2018 / 12:12 pm

      Hope you do Sarah, its a great app

  23. Chuck
    March 12, 2018 / 11:20 am

    Interesting app! It’s my first time hearing such kind of application. Will definitely consider downloading and using this one. !!

  24. March 12, 2018 / 1:03 pm

    Oh wow! I was going to look into this app but then read it was only available in the UK!! I wish PLUM was available in the US, too!

  25. March 12, 2018 / 3:38 pm

    Managing my finances have been something that has concerned me for so long. Wonder how will I achieve it. Thanks for writing this post.

    • yeahlifestyle
      March 12, 2018 / 8:05 pm

      Yoour welcome Anshul

  26. March 12, 2018 / 5:21 pm

    this is a wonderful app, I wish something like this comes up in India as well, as financial planning is important for everyone. The features described seem very user friendly

    • yeahlifestyle
      March 12, 2018 / 8:05 pm

      Yes it is, it will come soon Aditi

  27. March 12, 2018 / 8:00 pm

    Oooo, never heard of Plum before! I can’t wait to check it out.

    • yeahlifestyle
      March 12, 2018 / 8:05 pm

      Hope you do Carmen

  28. March 12, 2018 / 10:04 pm

    I have been debating on which money saving app to use. Plum looks a lot easier than the others I have looked at using. Thanks for passing it on

  29. March 13, 2018 / 8:19 am

    Good app and nice way to have your money in check. Sounds good and i like the features of this also.

    • yeahlifestyle
      March 13, 2018 / 10:08 am

      Thanks Lex, we think its great too

  30. Blair Villanueva
    March 13, 2018 / 10:17 am

    This is a cool idea, since our phone is always with us, so why not maximize the function and download this app. Nowadays, money-saving is a must.

  31. March 14, 2018 / 8:03 am

    I have tried this app and it is great – found some things we were paying out for that we didn’t use

    • yeahlifestyle
      March 14, 2018 / 9:44 am

      That’s great Kara, so glad you found it helpful!

  32. March 14, 2018 / 2:04 pm

    This app sounds great, I’ve never heard of it before but looks like a good app!

    • yeahlifestyle
      March 14, 2018 / 8:20 pm

      Yes it is, it helps people to save money without knowing it

  33. March 14, 2018 / 10:16 pm

    This app seems very interesting and helpful. If I’m honest, I’d be a little scared to link all my banking details to it though just with all these hackers being able to access phones etc. I’m sure it is a trustable and useful app; however, that is just my opinion. Thanks for sharing this app though, I’m sure it will help many people stay financially organised.

    • yeahlifestyle
      March 15, 2018 / 12:37 pm

      We agree Ja’d it can be a daunting feeling but the app has been tested and is very secure

  34. March 14, 2018 / 10:27 pm

    I have not heard of Plum before but I use a very similar app called Monzo. Monzo requires getting a bank card from them though so maybe I will try Plum instead.

    • yeahlifestyle
      March 15, 2018 / 12:34 pm

      Yes why not, do give it a try

  35. March 16, 2018 / 10:55 pm

    This would be a great app to use once I finish school !

    • yeahlifestyle
      March 17, 2018 / 3:31 pm

      Yes it would Ashadah

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