1 Crystallise your goals

Having SMART (Specific, Measurable, Attainable, Relevant & Time-bound) goals is the first essential step to win financial freedom. Pick a few goals you want to save for and fix a target amount and a date for completing those specific saving goals. Savings for these goals is not feasible without understanding your spending behaviour. BigMo has made it super easy to create a prudent spending plan to help you set ambitious but achievable saving and spending goals. At the end of this phase, you not only have crystallised your goals but you also have a clear path to reach them.

2 Commit yourself

Like any other goals in life, it is not possible to reach your goals, without staying committed. BigMo uses research backed by behavioural economics to help you stay committed and increases the odds of achieving your goals by introducing a system of rewards and consequences. To make it more interesting, we introduce monthly challenges.
This is how the challenge works: You set goals, subscribe to the bigmo monthly competition by paying an entry fee(£50, £100 or £125) . Every time you achieve your monthly goals, you win rewards. It’s as simple as that.
Think of BigMo as a coach that helps you to win these competitions but more importantly fulfil your goals. As with any game there are winners and some losers but with BigMo most people are better off in some way.
Refer here for a detailed view of how much you could win or lose by taking part in the Bigmo competition.

3 Stay on track

The adage ‘You can’t improve what you can’t measure’ is true for your Bigmo journey as well. Hence we track your progress and help you stay on track throughout your Bigmo journey. Your personal Bigmo dashboards will help you visualise your spending and savings vis-a-vis your spending limits and saving targets. We send you actionable insights and nudges backed by behavioural economics, at the right time, so that you always stay on track and gives you a good chance of winning a reward.
How? To enable such tracking, you’d first link your bank accounts securely with Bigmo- Bigmo uses Plaid authorised by the FCA(Financial Conduct Authority) and recognised by the banks to provide Account information services.

4 Get rewarded

Bigmo is unlike any other personal finance product. You get rewarded for saving while others give you offers/points for spending. If you are within 80% of your spending/saving goals for the month, you get a 1 in 5 chance to get cash rewards or have a 4 in 5 chance of getting your competition fee back- the reward is big and it's like never before and is a bonus to the saving you have already done in a month. Like any competition, there are some winners and some losers. But with Bigmo most win in some way.
Refer here for a detailed view of rewards based on competition entry fee.
Frequently asked but unanswered questions
How it works?

1.

Crystallise

Having SMART goals ...

1. Crystallise

Having SMART (Specific, Measurable, Attainable, Relevant & Time-bound) goals is the first essential step to win financial freedom. Pick a few goals you want to save for and fix a target amount and a date for completing those specific saving goals. Savings for these goals is not feasible without understanding your spending behaviour. BigMo has made it super easy to create a prudent spending plan to help you set ambitious but achievable saving and spending goals. At the end of this phase, you not only have crystallised your goals but you also have a clear path to reach them.

How it works?

2.

Commit

Like any other goals ...

2. Commit

Like any other goals in life, it is not possible to reach your goals, without staying committed. BigMo uses research backed by behavioural economics to help you stay committed and increases the odds of achieving your goals by introducing a system of rewards and consequences. To make it more interesting, we introduce monthly challenges.
This is how the challenge works: You set goals, subscribe to the bigmo monthly competition by paying an entry fee(£50, £100 or £125) . Every time you achieve your monthly goals, you win rewards. It’s as simple as that.
Think of BigMo as a coach that helps you to win these competitions but more importantly fulfil your goals. As with any game there are winners and some losers but with BigMo most people are better off in some way.
Refer here for a detailed view of how much you could win or lose by taking part in the Bigmo competition.

How it works?

3.

Progress

You can’t improve ...

3. Progress

The adage ‘You can’t improve what you can’t measure’ is true for your Bigmo journey as well. Hence we track your progress and help you stay on track throughout your Bigmo journey. Your personal Bigmo dashboards will help you visualise your spending and savings vis-a-vis your spending limits and saving targets. We send you actionable insights and nudges backed by behavioural economics, at the right time, so that you always stay on track and gives you a good chance of winning a reward.
How? To enable such tracking, you’d first link your bank accounts securely with Bigmo- Bigmo uses Plaid authorised by the FCA(Financial Conduct Authority) and recognised by the banks to provide Account information services.

How it works?

4.

Reward

Bigmo is unlike ...

4. Reward

Bigmo is unlike any other personal finance product. You get rewarded for saving while others give you offers/points for spending. If you are within 80% of your spending/saving goals for the month, you get a 1 in 5 chance to get cash rewards or have a 4 in 5 chance of getting your competition fee back- the reward is big and it's like never before and is a bonus to the saving you have already done in a month. Like any competition, there are some winners and some losers. But with Bigmo most win in some way.
Refer here for a detailed view of rewards based on competition entry fee.