What is SpendSavy?
SpendSavy is your personal CFO — an intelligent financial assistant that helps you manage your money smarter, save more effortlessly, and pay off debts faster with real-time, actionable insights.
Everything you need to know about SpendSavy and managing your finances better.
SpendSavy is your personal CFO — an intelligent financial assistant that helps you manage your money smarter, save more effortlessly, and pay off debts faster with real-time, actionable insights.
Unlike traditional budgeting apps that just track your spending, SpendSavy acts like a financial strategist. We go beyond categories and charts by providing real-time saving opportunities, offering personalized advice to reduce unnecessary expenses, and helping you optimize loan repayments to become debt-free faster.
SpendSavy analyzes your spending patterns, identifies hidden costs (like subscriptions or high-interest payments), and suggests smarter ways to allocate your money — turning passive tracking into active saving.
Absolutely. Data privacy is our top priority. We use bank-level encryption and are working towards ensuring maximum control stays with you. Future versions will offer local processing options for enhanced privacy.
Our debt calculator and basic tools are completely free. We're currently in development for our full AI-powered platform, which will have affordable pricing plans designed to pay for themselves through the money you save.
We're targeting Q3 2025 for our initial launch. Join our waitlist to be among the first to access the platform and receive exclusive early-bird pricing.
Confusing financial terms made simple. No jargon. No tricks. Just the truth — one bite at a time.
Annual Percentage Rate
The true yearly cost of borrowing money, including all fees. If a loan says '5% interest' but has fees, the APR might be 7%. Always look at APR, not just interest rate - it shows what you'll actually pay. Credit cards often hide high APRs in small print.
Interest on Interest
Interest that grows on top of interest. Like a snowball rolling downhill, your debt gets bigger and bigger. If you owe £100 and don't pay it back, next month you might owe £110, then £121, then £133. It never stops growing until you pay it off completely.
Your Financial Report Card
A number (usually 300-850) that decides if you can borrow money and how much it costs. Higher number = cheaper loans. Lower number = expensive loans or rejection. Pay bills on time and don't max out credit cards to keep your score high.
The Never-Ending Debt Cycle
Credit cards let you pay tiny amounts each month instead of the full balance. This feels easier but keeps you in debt for years or decades. You'll pay way more than you borrowed. Always try to pay more than the minimum to escape faster.
Surprise Bank Charges
Charges when you spend more money than you have in your bank account. Your bank 'lends' you the money but charges expensive fees - sometimes £35 per transaction. Check your balance regularly and turn off overdraft 'protection' to avoid these surprise charges completely.
Now that you understand these key terms, use SpendSavy's debt calculator to create your personalized payoff plan and start your journey to financial freedom.
Calculate Your Debt Payoff