AMP launches in-app budgeting tool

AMP’s Money Manager functionality enables users to view and connect all their financial accounts, including those from other financial institutions, in one place. 

The tool has now been included into the My AMP app to enable customers using both iOS and Android devices to manage their cash flow on the move.

Users can also apply “micro budgets” and categories to their transactions — such as “income”, “hobbies”, “shopping” and “kids” — to assess the impact that certain spending habits have on the their cash flow.  

The new function also contains graphs and visual cues to highlight if a user has exceeded their set monthly budget. 

The in-app version of Money Manager is linked to the more comprehensive online version, which enables customers to create and track a detailed budget for a 12-month period. 

The app focuses on current spending patterns. 

Commenting on the launch of the in-app tool, AMP’s director of digital and design, Michael Weeding, said: “Helping people explore, plan and track their goals is an important part of life we want to support our customers through with easy access to the tools they need, when they want them.

“AMP’s Money Manager offers an easy and intuitive way for customers to take a bird’s-eye view of spending habits and how they might be affecting their ability to achieve their goals.”

[Related: New budgeting tool aims to ‘revolutionise’ personal finance]