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.
Please note: The Money Dashboard app has been shut down and can no longer be downloaded.
Spending Analytics
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:
Emma Pro
Cost: £9.99 per month (or £59.99 a year)
Top Features:
Yes, to carry out payment services activities.
Yes, in order to view all your transactions in one place, you need to connect Emma to your bank account(s).
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.
No, but any rewards gained through the app that appear in your Emma Wallet can be withdrawn via PayPal.
Yes. Earn a £15 referral reward when the person you refer subscribes to Emma Pro using your unique Emma referral link.
Visit Emma’s website.
Warnings and Reminders
Account Transfers
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.
Yes, to carry out payment services activities.
Yes, in order to view all your transactions in one place, you need to connect Money Dashboard to your bank account(s).
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.
No, but you can transfer money across your accounts by using an ‘Add’ and ‘Withdraw’ feature.
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.
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