Moneybox app review ¦ Can you trust Moneybox?

Moneybox claims to make investing easy and saving simple. But is the Moneybox app legit? Let’s take a look in this Moneybox App Review!

Do you want to start investing but you don’t know where to start? Maybe you just want to save a bit of cash but you feel like your money just slips through your fingers?

I hear you, i’ve been there! This is exactly why I have created this Moneybox review just for YOU!
Saving feels so HARD in the beginning and learning how and where to invest seems like a battlefield reserved for the few in the know.

With services like the Moneybox app, it couldn’t be a better time to get started!

MoneyBox promise to be the simplest way to save and invest, with many features to help you to do so:
Moneybox App's main selling point in their ads is their automatic roundup feature. Moneybox rounds up your everyday purchases to the nearest pound and saves the spare change for you. Saving without having to think about it, and your bank account barely noticing it. Sounds good right?

Other features include saving fixed weekly/monthly amounts. Whatever YOU can afford
With the option of adding Instant top ups to your savings pot for when you’re feeling a little flush.

For you budding investors, they claim to take out the guesswork and will choose for you where to place your investments based on which risk profile you choose

But with so many Money saving apps coming to the market, Is Moneybox app worth it? Is Moneybox safe? Is Moneybox a good investment, and finally Is Moneybox legit?

Let’s find out in this Moneybox app review 2020 and get into the nitty gritty all about Moneybox as a business, how useful the app actually is and how I have used the Moneybox App to save 💸💸💸

🕘Timestamps:
0:00 Intro
0:13 Skip Intro
0:34 Is Moneybox legit?
1.30 What do Moneybox do with your money?
4.25 Moneybox Investments explained
6:30 Moneybox socially responsible investing
7:05 Moneybox app tour/How to use Moneybox app?
10:30 Summary

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📚 5 books to shape your financial future:
The richest man in Babylon:
An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year.
A random walk down Wall Street:
Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market.
Rich dad poor dad:
There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets.
The Millionaire next door:
I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp!
Green eggs and Ham:
Life changing

Links

My video links.

Click here if you want to learn to invest with using moneybox

[Tbizzleization]

Been prepping to invest £80-£150 a month for a while, watching this vid back to back with your vanguard review has given me the clarity of info i need. Decided to go wth vanguard, will let you know how i get on! Really appreciate you always replying to my comments its been such a big help. Keep up the good work dude! Bring on the next vid!

[zbadgergamesz]

I can’t tell you how much I’m enjoying these videos. Clear, well structured and the editing is getting better and better.

[danlster]

Love the unbiased summary of the facts about these apps, all you need to know with no bloat. Keep em coming!

[UkuleleGo]

You nailed this. The roundups don't feel like roundups at all. Great review all round.

[peterfromscotland]

Great content Damien. Really nice to have a UK focus. Keep up the great work. I’d love to see a video on your thoughts on NSandI Bonds.

[benjones]

You could use the Monzo round up facility to pay into a pot and then set the weekly direct debit to be paid from that pot

[GenZInvestor]

I have never heard of this man! I really enjoyed hearing your thoughts, can't wait for the next one!

[MrDannyMacdonald]

Have your opinions on Moneybox changed since they increased the funds available to invest in?

[IcemanClay]

You're using the old Moneybox branded logo in your intro. Great video!

[Bob.Sacamano]

The moneybox website claims you are protected however when you check the FSCS website they state moneybox is not protected.
Can you explain why this is?

[harrisonfell]

Cool app, that weekly round up would do me though haha just another 40 after a heavy weekend, exactly!

[TradingWithCJ]

Love moneybox, the taking change from your payments and putting them in your savings account... i also had the 95 account, it was 1.65% which was pretty good compared to normal savings, until it got slashed recently

[makesaveinvest]

Oh wow!! I did not now moneybox before!! Thanks for explaining!!

[ProjectInfluencers]

Hmm Interesting. Wish we had that here in the United States. Great video!

[ryansvlogsandvideos]

App looks okay I am new to learning about investment mate thank you as always for this great video going to try money box out

[parthjain]

Great video! Just one question, do you know if Moneybox "reinvest" the gains, something that Vanguard(accumulation) does as you described in the Warren Buffett video?

[deathsanguish]

Thank you so much for the video, I didn't know it leagally protected under 80, 000. I have a little bit of money in there and I'm glad it's safe.

[genzinvesting]

I haven't used moneybox but I will definitely give it a try
Great video
😀👍

[benpearce]

Hi Damien, great video really clear and helpful. I’m just interested in the section from 02:50 - 03:10 where you talk about MB tax wrapper. I’ve been using MB for a couple of years including this tax year and have a S&S ISA with them which I make small weekly contributions. I’m looking to open an account elsewhere potentially Vanguard which gives me access to a wider range of funds. Do you know if I can open another S&S Isa elsewhere and contribute on this current tax year? You suggest this is ok and I won’t fall foul of rules around having 2x ISAs in the same tax year during this section of your video but I just wanted to check. Any help on this is much appreciated keep up the videos! Cheers

[jforshaw]

is there any chance i could open a LISA with moneybox, but carry on paying into my S&S ISA with vanguard? want to open one to buy a house in 2+ years but also want to keep paying into my S&S ISA.