Multiply is a new app that aims to help everyone feel confident about their money.
It is only for iPhone at the moment but you can sign up for early access to the android product here: https://multiply.ai/early-access
How Multiply works
Multiply wants everyone to have a financial plan for free
Using the app, you upload all your financial information such as your bank account, your employment status, if you have debts, etc and it then gives you an overview of your finances.
Making sure you are stable today by working out what you need in your emergency fund
Helping you future-proof your future – by recommending pensions
Helping you reach you set and reach your financial goals
Is Multiply independent?
Multiply will recommend different savings accounts to help you save and it will make money from the accounts it suggests but not all the time. The app is however proud to be independent and recommends that which it believes is best for you.
I had a go with it…want to hear how I got on?
Perfect for the self-employed
The app is designed to work specifically for people like me who are who are self-employed or freelance. It does also work though for anyone who is earning under £300,000 a year.
“There’s a lot of additional stuff for freelancers to cope with and that makes thinking about the future and planning even more difficult and daunting,” says Madlani the app’s founder.
Absolutely no one pays my pension contribution and no one will pay me if I am off work sick, so I really do need an emergency fund.
It has a useful flexible feature that will come handy for people who are self-employed.
“It’s about providing a framework that will help people massively get on top of their financial life,
So what did I think?
I really liked the clarity of this app, it was jargon-free and clear – so important when it comes to finances. It did not push products at me. At any time I can change my income and assets and debts and my plans will be adjusted.
Having an app likes this gives you a great plan of action without the cost of an advisor. It helped me consider my present and my future and my hopes in financial terms.
I am seriously impressed!
I won’t show you my plan becuase its about my personal finances..how fab to have a plan totally tailored to me and free too!
Give it a go – it’s free and you don’t have to put in any data that you are uncomfortable with and it is so interesting to get your plan of action.
Multiply is a great app, pop through here to find out more