Emma vs Money Dashboard

Updated On: Sep 8, 2021
Emma vs Money Dashboard - Which is better?

Below, we compare two of the best budgeting apps in the UK - Emma and Money Dashboard.‍


Emma merges your bank accounts, credit cards, crypto wallets, and pensions to help you budget and track subscriptions in one place, whereas Money Dashboard helps you spend less and save more by merging your accounts, categorising your expenses, and forecasting your future balances.


Use the tabs below to learn more about the differences between Emma and Money Dashboard.


Emma LogoMoney Dashboard Logo

Emma - Budget and track subscriptions in one place

Manage your money in one place

  • Emma manages all of your transactions in one place, which means you can track your bank accounts, savings and investments, credit cards, cryptocurrencies, and pensions together.
  • Working with major banking providers across the UK, Emma gives you an overall view of transactions across your accounts in real-time, saving you the hassle of having to check your individual banking apps.
  • With Emma, you have the option to create manual accounts for any of the providers they may not cover or to simply record and keep track of your cash expenses.

Smart Budgeting

  • Emma’s technology can group your transactions into various spending categories to make tracking your expenses much more straightforward.
  • Set your own budgets and let Emma do the rest. Emma will sync your personal budgets to your pay period and use the ‘Emma reports’ feature to let you know if you’re on track or if you need to slow down your spending.

Track Subscriptions

  • Recurring payments can be hard to trace, but not with Emma. Emma analyses, identifies and provides you with a list of all your active subscriptions.
  • Emma shows you a complete history of transactions for each subscription provider, allowing you to detect any price changes and cancel wasteful subscriptions.

Other Features

Spending Analytics

  • Receive detailed breakdowns of your payments to better understand and modify your spending habits.
  • Receive a daily update across all of your balances to keep track of your finances.

How much does Emma cost?

It’s free to download the app and get started with Emma. Then, Emma has two subscription plans to choose from:

Emma
Cost:
Free 
Top Features:

  • Track bank fees and find out why you’re being charged.
  • Understand your spending habits better with Emma’s automatic payment categoriser.
  • Receive feedback reports to incentivise saving.


Emma Pro
Cost:
£9.99 per month (or £59.99 a year)
Top Features:

  • Earn 2x cashback with a range of retailers when you purchase via the Emma app. Cashback rewards will appear in your Emma wallet and can be withdrawn to PayPal.
  • Create custom transaction categories that are personal to your lifestyle and set budgets against them.
  • Set saving targets and track your progress.
  • Manually create any account to track things like cash purchases, mortgages and accounts in countries that are not supported by Emma.


Learn more about Emma.

Is Emma regulated by the FCA?

Yes, to carry out payment services activities.

Does Emma connect to my bank account?

Yes, in order to view all your transactions in one place, you need to connect Emma to your bank account(s).

Is Emma safe?

According to Emma, it uses the same encryption technology as all major banks to protect your personal information. It doesn’t store your banking credentials and can only access your data in read-only mode. This means that your account can’t be breached, and the money in it can’t be touched.

Can you withdraw money from Emma?

No, but any rewards gained through the app that appear in your Emma Wallet can be withdrawn via PayPal.

Does Emma have a Referral Scheme?

Yes. Earn a £15 referral reward when the person you refer subscribes to Emma Pro using your unique Emma referral link.

How do I get the app?

Visit Emma’s website here.

Money Dashboard - Spend less and save more by viewing all your accounts in one place

Manage your money in one place

  • Money Dashboard connects to your accounts in just minutes and manages all of your transactions in one place, which means you can track your online current accounts, savings accounts and credit cards at once.
  • Connecting to over 40 banking providers across the UK, Money Dashboard saves you the hassle of having to check your individual bank accounts or banking apps.
  • Money Dashboard allows you to create manual accounts for any specific bank or investment account that you are unable to connect to.

Smart Budgeting

  • Money Dashboard’s Spending Plan tool encourages effective money management through forecasted cashflows. By deducting your upcoming bills from your balance at any time, you’ll know exactly how much money you have left to spend or save.
  • Achieve your money goals by setting budgets. Amounts that are not budgeted for will be added to the ‘Left to Spend’ category.

Track Subscriptions

  • With Money Dashboard, your transactions are automatically grouped into categories for ongoing expenses like ‘groceries’ and ‘utility bills’ to break down exactly where your money is going.
  • Money Dashboard highlights your bills and subscriptions in one place, even if they are being paid across multiple bank accounts. With a complete picture of your outgoings, you can easily detect price changes and cancel any wasteful subscriptions.

Other Features

Warnings and Reminders

  • Receive notifications when your balance is looking low to help you manage any outstanding bills. 
  • Get payday reminders so that you know exactly how much money you have left until your next payday.

Account Transfers

  • Transfer money to and from all of your bank accounts in just one place using the 'add' and 'withdraw' features.

How much does Money Dashboard cost?

It’s entirely free to download the app and get access to all of Money Dashboard’s features.

Money Dashboard may receive a commission if you choose to purchase a sponsored financial service or product that it advertises to you.

It also makes money through providing fully anonymised market research to other companies.

Learn more about Money Dashboard.

Is Money Dashboard regulated by the FCA?

Yes, to carry out payment services activities.

Does Money Dashboard connect to my bank account?

Yes, in order to view all your transactions in one place, you need to connect Money Dashboard to your bank account(s).

Is Money Dashboard safe?

According to Money Dashboard, it employs the same industry-standard security measures as many leading banks.

As an FCA regulated service provider, its features are routinely audited by security specialists. 

Money Dashboard protects your personal information by connecting to banks through Open Banking APIs. This means that you don’t have to share your credentials with any third parties and that you have complete control over your data.

Can you withdraw money from Money Dashboard?

No, but you can transfer money across your accounts by using an ‘Add’ and ‘Withdraw’ feature.

Does Money Dashboard have a Referral Scheme?

Yes. Earn a £15 Amazon Gift Card for every 3 successful referrals. Simply share your referral link with a friend, have them connect an account and earn your reward. 

How do I get the app?

Download the Money Dashboard app here.

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