Lumio

Lumio helps manage household expenses by allowing users to track all shared expenses and household bills in one place. Couples can link personal and joint accounts to get a clear picture of their spending. Lumio’s features like the bill tracker and spending alerts help in identifying and managing wasteful expenses, ensuring spending is controlled and savings goals are met.

Yes, Lumio offers a net-worth tracker that provides a snapshot of your net worth both individually and as a couple. You can track your net-worth progress and view historical data, which is highly beneficial for long-term financial planning. This feature helps in understanding your financial standing and aids in setting and achieving financial goals.

Lumio offers three pricing plans. The Free plan includes basic functionalities. The Individual Pro plan costs £3.99/month and offers additional features like unlimited historical data and real-time balance updates. The Couples Pro plan costs £6.99/month and provides complete access to all features, including priority support and custom categories, making it suitable for couples managing shared finances.

Yes, Lumio is suitable for singles as well. It offers features like the expense tracker, bill tracker, and net-worth tracker that can help individuals manage their finances better. By tracking spending, providing real-time updates, and setting savings alerts, Lumio ensures personal financial goals are met efficiently.

The core features of Lumio include Shared Spaces for linking expenses, an Expense Tracker to categorize spending, a Bill Tracker to locate and cancel unnecessary subscriptions, Net-Worth Tracker for financial snapshots, Spending Alerts for better money management, Real-Time Balance Updates, Custom Categories for personalized tracking, and a comprehensive Financial Overview with visual and statistical breakdowns of spending.

Here’s a step-by-step guide on how to use Lumio: Step 1: Sign up on the Lumio website and create an account. Step 2: Add your financial accounts by linking your bank, credit card, and investment accounts. Step 3: Set up shared spaces for joint expenses and categories for personal spending. Step 4: Begin tracking your expenses and reviewing the real-time balance updates. Step 5: Utilize features like the bill tracker and net-worth tracker to manage your finances more effectively.

Yes, Lumio can help you locate and cancel unwanted subscriptions. By tracking all your household bills, Lumio identifies wasteful expenses and provides alerts, enabling you to cancel subscriptions that you no longer need. This feature helps in cutting down unnecessary spending and saving more money.

Lumio offers real-time balance updates which provide instant insights into your account balances. By linking your financial accounts, Lumio tracks your spending and provides timely updates on your available balance. This feature ensures you are always aware of your financial standing, helping to avoid overspending and manage finances better.

Lumio offers different levels of support based on the plan you choose. The Free plan offers standard support through chat. The Individual Pro plan provides additional support features, including essential alerts and notifications. The Couples Pro plan offers VIP priority support and early access to beta features, ensuring any issues are promptly addressed and feedback is directly implemented.