Financial
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Financial IQ vs Plum, for people who want to understand their money as well as save it.

Plum saves and invests for you automatically. Financial IQ shows you where your money goes, what your debts will cost and the tax on your income as it builds.

Start freeSee how Personal works
Why people switch
See where every pound goes, with a budgeting method that suits you.
A debt plan, snowball or avalanche, with the date you'll be debt-free.
The full picture: net worth including your company, and your tax as it builds.

Feature by feature

Financial IQPlum
Budgeting methods50/30/20, Zero-Based, Pay Yourself First, Envelope, Anti-Budget, CustomYesSix to choose fromAutomatic saving, with automations you control
A plan to clear your debtsSnowball or avalancheYesWith your debt-free dateFocused on saving and investing
Your tax, building through the yearAs you're paid, across the tax yearYesTax-free saving through Cash, Lifetime and Stocks and Shares ISAs
Net worth, including your companyYesYour Plum savings, ISAs and pension
Your company in the same accountBusiness and Personal under one loginYesPersonal saving and investing app
Explains the numbers in plain EnglishGuides and a learning section in the appYesSaves and invests for you in the background
PricePersonal is free forever. A live bank feed is £2 a month per account, if you want one.Free tier, then Plus £3.99, Boost £7.99 or Max £14.99 a month

Checked against Plum’s own pricing and feature pages on 2 October 2026. Spot something out of date? Tell us and we’ll correct it.

  1. 1
    Upload a statement or add a bank feed

    Start from a statement you already have. A live feed is £2 a month per account if you want one.

  2. 2
    Pick a budgeting method

    Six to choose from, from 50/30/20 and Zero-Based to Envelope and Anti-Budget.

  3. 3
    See what's safe to spend and your tax as it builds

    Your budget shows what's left this month, and the tax on your income builds up as you're paid.

Questions people ask before switching

Is it really free?

Yes. Personal is free forever. You only pay if you add a live bank feed (£2 a month per account) or the Personal API (£4.99 a month).

Do I need a bank feed?

No. Upload a statement to get started. If you'd like transactions to arrive on their own, a live feed is £2 a month per account.

Is Plum ever the better choice?

If you'd rather saving and investing simply happened in the background, Plum does that well. People who find it hard to save deliberately often end up with savings.

Move from Plum and see your budget, your debts and your tax together, free from today.

Start freeSee how Personal works