💰 Plum promises to automate your savings and help you invest—so is it worth it?
If you struggle to save money consistently or find investing intimidating, Plum claims to take the stress out of managing your finances with AI-powered automation. But with so many finance apps out there, does Plum actually deliver? I tested it so you don’t have to—here’s my honest take.
What Is Plum?
Plum is a personal finance app designed to help you save, budget, and invest automatically. It links to your bank account, analyzes your spending habits, and moves small amounts of money into savings—without you even noticing.
✅ Key Features:
✔ Auto-Savings Rules – Plum moves money based on your spending patterns, salary, or set rules (round-ups, 52-week challenge, “naughty rule,” etc.)
✔ Budgeting & Spending Insights – Track your expenses and see where your money goes
✔ Investment Options – Invest in stocks & funds with as little as £1
✔ High-Interest Savings – Earn interest on money held in ‘Pockets’
✔ Bill Negotiation – Plum can even try to lower your bills automatically
Who Is Plum For?
Plum is best for:
💡 People who struggle to save manually – If you never remember to transfer money to savings, Plum does it for you
💡 Beginners who want to start investing without overthinking it – You can invest small amounts automatically
💡 People who like ‘set & forget’ money management – Once set up, Plum runs in the background
But it’s not for everyone…
🚨 If you’re already good at managing your money (or use a banking app with built-in savings features), Plum might feel unnecessary.
What’s Good About Plum?
✅ It’s genuinely effortless – No spreadsheets, no manual tracking—Plum just works in the background
✅ Loads of savings features – Unique auto-saving challenges like round-ups, AI-driven savings, and the “naughty rule”
✅ Investing is easy – No experience required, just choose your risk level and Plum does the rest
✅ User-friendly & well-designed – The app is intuitive and not overwhelming
✅ FSCS Protection (for savings & investments) – Funds are safeguarded through regulated providers
The Downsides of Plum
❌ Many features are behind a paywall – The best auto-saving features require a paid plan (£2.99+ per month)
❌ Your bank might already offer similar features for free – Many high-street banks now have round-ups & savings pots
❌ FSCS protection is through third parties – Not a bank itself, so money is protected via partner institutions
Final Verdict: Is Plum Worth It?
⭐ Rating: 3.5/5
✔ Great for people who need an effortless savings & investing tool
✔ The auto-saving features are genuinely useful
✔ Good beginner-friendly investing options
🚨 BUT… You don’t necessarily need to pay for Plum. Many of its best features (like round-ups and scheduled savings) can be done for free in your banking app.
💡 My Advice? Try the free version first. If you find it helpful, then consider upgrading.
Want to Set Up Auto-Saving for Free?
Not sure if Plum is worth it? You can set up auto-saving in your existing banking app (without paying a subscription).
💡 Drop a 💰 in the comments & I’ll DM you a guide on how to automate your savings for free!
📌 What’s Next?
Next, I’ll be reviewing Moneybox—another app designed to make saving & investing effortless. Stay tuned! 🚀
The Everyday Tech Girl 
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