Why Is Tally Money a Unique Concept?
What makes Tally stand out from similar banking apps, is the fact that it is also a brand new asset-backed currency. Every 1 tally in your account represents 1 milligram of physical gold, securely vaulted and insured on your behalf.
What Is The Tally App And How Does It Work?
The Tally Money app is a mobile application that helps users manage their finances. The app allows users to track their spending, set budgets, and create financial goals. It also provides tips and resources on how to save money. To start using the app, users create an account and link their bank accounts. They can then begin tracking their spending and income. The app categorizes expenses automatically, making it easy to see where money is being spent each month. Users can also set budgets for different categories of spending. If they go over budget, the app will send them a notification. The Tally Money app is a helpful tool for anyone who wants to better manage their finances.
Why Is Tally Money Tied To Physical Gold?
Gold is often seen as one of the safer investments. There are a number of reasons for this. First, gold is a physical asset that is not subject to the same kind of fluctuations as stocks and other financial instruments. Second, gold is relatively scarce, which means that it is less likely to be affected by inflation. Finally, gold has a long history of being used as a form of currency, which gives it certain stability and legitimacy. For all these reasons, gold is often seen as a safe investment, especially in times of economic uncertainty.
What Are The Benefits of Using Tally?
Because tally is linked to a physical asset, it cannot be devalued by increasing supply (we’re looking at you pounds, euros, dollars). This makes it the only everyday currency that helps you fight inflation and protect the long-term value of your money.
Is The Tally Money App Free?
The Tally Money App is free to download, however, the account does come with some costs:
The Tally account activation costs £19 which includes:
Everyday Account with individual IBAN
- Tally Debit Mastercard (not a prepaid card)
- Easy access savings
- Uncapped balance protection with security trustee
The account keeping fee is 0.9% per anum which is for:
- Security
- Storage
- Insurance
- Operational costs
Conclusion
Overall, Tally is a great new asset-backed currency that has many benefits. The only downside is the cost of the account, but when you consider all that is included, it is definitely worth it. If you are looking for a banking app that could help you save more money, especially during times of high inflation then Tally may be the best option for you!
If you would like to give tally a try, click here to find out more!