There is no Financial Services Compensation Scheme protection for any money you hold on the prepaid account. Features such as rounding up your spare change and scheduled payments mean you can maximise your saving.Ĭons: Yolt does not allow for weekly paydays. Pros: Encourages you to set spending budgets. Once you have connected your accounts, Yolt allows you to track your spending, see upcoming transactions, create budgets and set saving goals. Yolt allows you to organise all of your accounts in one place and you can take things one step further by using its prepaid debit card for everyday spending. Desktop version also available.Ĭons: Takes time to set up and its automatic spending categorisation could be better. Pros: In-depth budgeting analysis with personalised categories based on your individual spending. The level of customisation in the app is ideal for those with accounts and investments across a range of providers. Money Dashboard also graphs your projected monthly spending with a predicted balance at the end of the month. These include customisable categories for your spending – for example, you may want to group together all payments for presents around Christmas – and the option to add accounts manually. Offers most of the same features as Emma Pro but at no cost. Cashback and rewards for spending with certain retailers such as the Body Shop, B&Q, Gousto, Boots and more.Ĭons: A bit gamified and the push to subscribe to Emma Pro can become annoying. Also include any costs for buying and maintaining equipment you use for your work, such as printers and laptops.Good for: Beginners and managing subscriptions.Ĭost: Emma – free Emma Pro – £59.99 a year, with the first seven days free. If you run a freelance graphic design or writing business, you should include costs for tools and software you use for day-to-day work. You should also include expenses related to website hosting and design to ensure you’re covering costs to maintain your website. You can charge your customer shipping fees, but make sure you’re also including them in your budget so you know exactly how much you need to cover the costs. If you run an online store, make sure to include shipping costs in your monthly budget. Predict when you might run into slower periods and adjust your budget accordingly. You may have less cash flow to work with during your slower months, which means you may need to reduce your variable and discretionary businesses to keep your business running smoothly. If your business is seasonal, the revenue you generate may not be consistent month-to-month. ![]()
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