Buying a house or apartment is the biggest purchase most people will make in their lifetime, and it takes a lot of planning and organization to keep finances in order to achieve this goal. Nude is here to help.
At its heart, this is an app design to help you manages your money so you can start saving up a deposit for a home, but it manages to go beyond this. As well as letting you know how long it will take you to gather to money to purchase the home you have set your heart on, the app also gives you guidance about how you can better manage your money.
This means not only setting aside regular lumps of money, but also monitoring your regular spending to see if there are any areas in which you can cut back. Nude also gamifies the saving process by setting you occasional challenges that you can rise to if you feel so inclined. If you feel you could use a little help getting on the property ladder, Nude will point you in the direction of government grants, loans and other financial help.
The app is not just a generic financial or savings app – it is not only geared specifically towards property purchases, but also customized based on location. With the backing of a financial institute, Nude also gives you access to special saving accounts to help you on your journey.
For now, this is something of a soft launch for iOS, but a full release is planned for 2021. Installing the version of the app that's available right now is a great way to keep notified about upcoming releases, so be sure to grab yourself a copy from the App Store now.
Sadly, there is currently no Android version of the app available, so only iPhone users can enjoy it. However, such an app is in the works, and you can sign up for notifications here so you'll know as soon as it is released.
A neat way to keep your finances in check while you save for your first home.