SNOOP UNVEILS FREE TWO TAP BUDGETING SERVICE FOR EASY, AUTOMATED MONEY MANAGEMENT
Money-saving fintech Snoop has created a new game-changing budgeting service for consumers. Hassle free, automated and personalised – it’s everything traditional budgets are not. Using secure open banking technology, you can be up and running in two taps with a real-time budget based on average spending across all your finances.
According to the Financial Conduct Authority’s Financial Lives 2022 survey, almost 13 million UK adults now have low financial resilience. There are many combining factors that result in low financial capability and resilience. One of them is not having a budget or having an inaccurate budget.
Snoop gives consumers a complete view of their finances and provides personalised insights to help them make the most of their money. Snoop's new budgeting service creates a personalised budget for each customer based on their transaction data. This helps them prioritise spending or saving in specific areas, make better financial decisions, and build financial resilience.
Archna Luthra, marketing director at Snoop, said:
"A good budget is essential for effective financial management. It can help us achieve our financial goals, avoid debt, and feel less stressed and more empowered when it comes to spending on the things that matter to us. However, creating a budget can feel overwhelming. Snoop's two tap budget feature allows you to quickly set up a personalised budget based on your actual spending, and easily adjust and reflect on it until you find the sweet spot of financial freedom."
Snoop’s New Budgeting Service 2023 - key points at-a-glance:
- Hassle free: Snoop’s new 2-tap budget service builds an instant budget based on three months of spending. You can also create tailored budgets to suit your individual requirements.
- Personalised: provides you with actual spending patterns to help create bespoke budgets and anchor budget setting decisions with speed and accuracy.
- Real-time: includes forecasts of committed spending (bills, subscriptions etc) throughout the month to help avoid overspending against your set budget.
- Proactive: contextual experience and content. You are alerted when you hit 50% and 100% of your budget along with ongoing coaching, alerts, personalised tips and simple visuals to help keep you on track.
Archna added:
“Our new Budgeting Service comes at a time when people are really feeling the full force of the cost-of-living crisis and may be having to make difficult choices to make ends meet. Higher prices mean you need to be more strategic about finding ways to stretch your income. If you love the idea of a budget to keep your spending in check but don’t have the time, energy or expertise Snoop can now create an instant, personalised budget in two taps and help you track your progress - all for free. We hope it will help them spot where they can save based on what’s important to them.”
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