Grip visualizes your finances

It is a difficult time for many people in terms of finances: energy bills are skyrocketing, many people are unable to work due to the corona measures and you also have to pay your rent or mortgage. At the same time, everything comes in subscription form these days, which means that the monthly 9.99 euros direct debits increase considerably. The Grip app gives you a little more control over your expenses.

ABN Amro

This app, started by ABN Amro, is useful because it helps you gain insight into your finances. You can link it with different banks, because you don’t necessarily have to have an ABN Amro account to get everything out of the app. You can also connect to the app with, for example, an ING bank account (or even several) and you will receive a message from Grip, for example, if your balance is very low on average, or if money is going in or out.

Until now, this has not been very different from how a normal bank account works, but the big plus of Grip is that it divides everything into categories. For example, it automatically recognizes that a purchase at H&M is clothing, or that your Netflix subscription falls under entertainment. This gives you a quick overview of where all those euros are going. It also shows how much comes in and goes out in total per month, so that you can see why you often have some month left, instead of money.

Grip on your finances

You can also adjust the categories, because the app isn’t always right. Nor can he know everything. It is also possible to set budgets. For example, if you want to spend 150 euros per month on clothing, you can create a budget. If you go over it, the Grip app will warn you. So you can choose to use the Grip app for a longer period of time as an aid, or just to map out your finances (because you can also look back, sometimes even on a whole year).

Be careful, because in some areas it can be a bit scary. For example, if you have a subscription to all streaming services you can think of, I definitely recommend that you take a look at how much you spent on that in 2021. 13 euros per month doesn’t sound like much, but it adds up quickly. You can also, for example, see if you can share these types of subscriptions with others to save money. There is even a special ‘subscriptions’ button where you can see how much you spend on your subscriptions on an annual basis. A charity here, a domain name registration there, a razor blade subscription, your subscription to your smart home equipment: it adds up very quickly.

Financially healthy

The Grip app works very well and it is well worth the time investment to check if you agree with the categories the app chooses. This way you work better together and it becomes increasingly clear where all your money is going. It can also be very inspiring to see that you have more and more left over at the end of the month, because that is ultimately the most important: making sure you are financially healthy, so that you can save well and have fewer money worries.

• Download the Grip app from the Play Store

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