Discover which financial app, Emma or Roqqett, is better for budgeting.
Congratulations, you are one step closer to becoming the best version of your financial self. If you are reading this blog it’s because you are savvy enough to care about your finances. Now, we all know there are countless money apps out there for you to kickstart your financial journey. But which one is the BEST one? In this blog post, we’ll be comparing two of the most popular Money and Spending insights apps in the space: Emma and Roqqett. Specifically, which one is best for budgeting.
Both Roqqett and Emma leverage the power of Open Banking technology, whereby they bring together all your spending together in one place. This is of course only possible if you agree to connect your different bank and credit card accounts within the respective apps. Once that’s done, you are ready to access all the various benefits the app features have to offer. Let’s deep dive into it shall we?
Although not originally built to be a budgeting app, Roqqett provides the best money insights where you can keep track of your finances and start taking care of your spending habits. What does this entail?
Within the “Accounts” tab, Roqqett shows you your Total Balance across all your accounts, as well as updates in real-time the Current Balance of all your connected accounts. This is especially handy when it comes to budgeting your money and tracking how much money you have all together at any given time.
Not only does this allow you to have full visibility of all your spending across your different accounts in real-time, but it saves you precious time by checking the one Roqqett app, as opposed to checking all your individual banking apps.
By also having all your transactions joint in one place, it is easier for you to detect any price changes that can happen over time, such as a phone bill or any subscription plans that may have increased their costs.
Bringing all your spending together isn’t the only thing Roqqett can do. The free app goes a step further by categorising all your transactions for you, automatically! That’s right, you don’t even have to lift a finger. This was built to help you be aware of all your money outgoings and incomings, as well as show you if you're overspending in any or one particular area (like shopping maybe?).
As part of this handy feature, Roqqett also includes an intuitive pie chart that gives you a quick visual overview of your top 5 categories and merchants. And in true Roqqett style, it fits with the clean and minimalist design of the app, so that you are not overwhelmed by the information being presented.
What better way to budget if not with Roqqett’s handy transaction tracker and categorisation?
You know how we mentioned how Roqqett automatically categorises your transactions? It does you one better! If you think a certain payment shouldn’t be in a specific category, Roqqett allows you to re-categorise it for free.
For example, if you decide to withdraw cash at an ATM, Roqqett will categorise it as “Cash”. Yet, if you know that cash will be used to buy a coffee, then you can take that transaction and re-categorise it as “Eating out” for example.
Curious to learn more about budgeting different spending categories?
To help you budget better, Roqqett provides smart insights about your spending, specifically how much you spend for each category. Based on how you like to view your spending, Roqqett allows you to filter by date or amount, as well as view your transactions in a 30 day, 3 months or 1 year period.
The insights include useful information such as:
All these insights will prove useful to you, as they will help guide you in making better budgeting decisions, such as cut back in certain areas.
Like the Category Spending Insights, Roqqett also gives you the option to view your spending according to “Merchants”. This means you can see how much you spend for each merchant (aka brands, retailers etc..), and like the category view, you can filter by date or amount, as well as view your transactions in a 30 day, 3 months or 1 year period.
Within this view, you can get useful insights such as:
Finally, to ensure you are always up to date, Roqqett can and will (if you want it to), send you breaking news alerts for your finances. This includes notifications for:
So what are you waiting for? Kickstart your budgeting journey with Roqqett by downloading the Free App, available both on iOS and Android.
Like Roqqett, Emma brings all your spending transactions together in its one app, once you sync your different bank accounts. Because we’re here to compare, I would like to point out how Emma is much slower in connecting these accounts than Roqqett, due to their slower Open Banking API provider. Now that’s out the way, let’s drill down into Emma’s budgeting capabilities.
All of these prove to be very useful, however, if you consider how much more is hiding behind their paywall, you’d reconsider and opt for a better app, which is 100% free (yes, I’m referring to Roqqett).
See, Emma had 2 paid plans, where you can pay £4.99/month for Emma Plus OR £9.99/month for Emma Pro. So what’s actually included in these? See below:
Overall, if you truly want to save and budget your money effectively, you should consider using a FREE app! No need for another subscription, like Emma Pro, when you can have the best money insights with Roqqett!
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