Achieve Homeownership with Klink's Spending Insights & Spend-o-Meter

Saving for a home deposit can feel like climbing a mountain in flip-flops, but don’t worry-Klink is here to help you lace up your financial boots. We’ve just released two shiny new features in our app, designed to give you clear insights into your spending and help you find areas to save.

Enter: Spending Insights and the Spend-o-Meter.

With these tools in your corner, you’ll have a smarter, clearer way to tackle your finances and take one big step closer to owning your dream home. Whether you’re a first-time buyer or already on your homeownership journey, here’s how they can help.

 

Spending Insights: Where’s Your Money Really Going?

Ever looked at your bank account and thought, “Where did it all go?” Spending Insights has the answers. Using Open Banking, we categorise your spending across key areas like:

• Auto, Transport & Travel: From petrol to train tickets.

• Entertainment: Nights out, streaming services, and more.

• Food & Dining: That cheeky Nando’s or late-night takeaway.

• Shopping: Clothing, gadgets, or that one online sale you couldn’t resist.

Spending Insights doesn’t just show you what you’ve spent-it compares it to your 3-month average spending, helping you spot trends and, more importantly, opportunities to cut back. Maybe those “small” subscriptions are adding up, or your weekly shop is sneaking past your budget. With Spending Insights, you’re in control.

 

Spend-o-Meter: Your Spending Score at a Glance

Think of the Spend-o-Meter as your financial fitness tracker. It scores your spending habits by comparing your 3-month average to national averages for people like you.

• Is your takeaway budget twice the national average? 👀

• Are you spending less on entertainment than your peers? Good for you!

• Could trimming your dining-out expenses give you an extra £100 a month for your deposit? Let’s find out.

The Spend-o-Meter turns the numbers into actionable insights, giving you a clear picture of where you stand and where you could save. It’s all about helping you spend smarter, not harder.

 

Why It Matters for First-Time Buyers

Saving for a house deposit isn’t just about skipping lattes or saying no to brunch (although, sometimes it helps). For first-time buyers, It’s about understanding your financial habits and making small, intentional changes that add up over time. That’s where Spending Insights and the Spend-o-Meter come in.

With these features, you’ll:

• Spot Savings Opportunities: Whether it’s fewer impulse buys or renegotiating household bills, every pound saved gets you closer to your home.

• Stay Motivated: Seeing how you compare to others in your situation makes saving feel like less of a chore and more like a challenge.

• Take Control: Your finances are no longer a mystery. You’ll know where you stand and have the tools to make meaningful changes.

 

Ready to Start? Here’s How

• Download or Update the Klink App: If you haven’t already, get the latest version of Klink from the App Store or Google Play.

• Connect Your Bank Account: Use Open Banking to securely connect your accounts. (Don’t worry-we don’t store your login details.)

• Explore Your Spending Insights: See your spending categories and trends at a glance.

• Check Your Spend-o-Meter Score: See how you compare and take action to boost your savings potential.

 

Your Future Home Is Closer Than You Think

With Klink’s new features, saving for a deposit doesn’t have to feel overwhelming. It’s about taking small, smart steps-and we’re here to guide you every step of the way. Whether you’re a first-time buyer eyeing your first flat or a home mover looking to upgrade, Klink gives you the tools to make it happen.

So, what are you waiting for? Download the app, connect your account, and start using Spending Insights and the Spend-o-Meter today. Your future home is calling-you’ve got this!