Money Magazine Australia

FINSPO COST: FREE OS: IOS AND ANDROID

- JULIA NEWBOULD

Developed by ex-bankers, this app is sure to save you money. It compares home loans and alerts you to the costs you might incur and savings you can enjoy by using different products or by better using the ones you already have. It claims to be exceptiona­l at examining the fine print of loans including fees, redraws and offset facilities.

Finspo links all your accounts: your savings, spending, mortgage and other funds. Account data is then expressed through a big picture of your finances. The app will tell you when it’s time to pay something down or top something up to avoid any charges.

Through its partnershi­p with AFG, the app’s home loan comparison tool allows you to check your credit score and how your mortgage stacks up.

The informatio­n Finspo provides is widely available; the benefit of the app is that it’s all in the one place for easy access.

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