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"Once she has set savings aside she can tackle paying down her mortgage and retirement planning," says Mr Mumford.
The company introduced a feature called "Goalmojis" earlier this year, which allows users to set savings goals for vacations and other one-time purchase events.
Plus, like individual accounts, Simple Shared accounts offer access to the same feature set, which includes the ability to set savings goals, track your available balance, pay bills, and fund through direct deposits, if desired.
But those ready for the next step up from struggling between paychecks may find Simple more useful – it lets you analyze your spending, set savings goals and manage budgets.
Users of the app can set savings goals, plus the app will offer suggestions of what you should do with extra cash left over at the end of the month – like whether you should put it towards an extra loan payment, for example, or if should you invest it.
We set savings goals.
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Setting Savings Free The combined effect of ending dividend taxation and expanding savings accounts constitutes a major leap toward removing the tax on income and thereby leveling the field with consumption.
Up and running since 2009, Banking on Change operates in Egypt, Ghana, India, Indonesia, Kenya, Mozambique, Peru, Tanzania, Uganda, Vietnam and Zambia, and focuses on "savings-led microfinance", in particular, helping to set up savings groups such as village savings and loans associations in poor communities.
In contrast the second set (Saving Mothers) was specific to the treatment of priority maternal health problems as identified by the Confidential Enquiries.
Along with functions that let users set up savings pots, tag and track spending or automatically sweep cash between current and savings accounts, it also learns as it is used, says Helen Page, the banking group's propositions and marketing director.
Portsmouth City Council is looking to save a further £9m on top of an original £8m set of savings, agreed in December.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com