For cash-strapped millennials who are looking for a way to get their finances in order, the Loot app is the perfect tool. Designed specifically for those who are new to the idea of budgeting, the app makes it easy to adjust spending habits and set savings goals.
The Loot app is a mobile baking app that shows users what they are spending by grouping their transactions into categories such as food and travel. The app can then show users how their spending compares to that of others. With this information, users can set a budget and specific savings goals they wish to hit. The app even provides handpicked offers and rewards to different shops, restaurants and bars to help users save while also having a bit of fun.