Effective money management can often feel daunting, particularly when juggling joint accounts or blending business and personal finances. Emma Spaces removes this complexity by distinctly separating your different financial lifestyles, giving you clarity, control, and peace of mind.

What is an Emma Space?

Emma Spaces allow you to organise your bank accounts into clear, virtual buckets. Whether you're managing a joint account with a partner, keeping your freelance business finances separate, or budgeting for family expenses, each Emma Space acts as an independent segment, making financial organisation straightforward and efficient.

Emma Spaces were thoughtfully designed to support:

• Freelancers who manage both personal and business finances.
• Couples with joint accounts.
• Business owners overseeing multiple business accounts.
• Families organising savings and spending for children or household expenses.

However, the flexibility of Emma Spaces also benefits individuals looking to streamline their personal finances effectively.

Key Benefits of Using Emma Spaces

Clear Data Separation

Emma Spaces clearly separate your different financial areas within a single intuitive platform. For instance, freelancers can effortlessly distinguish business income and expenses from personal spending, significantly simplifying tax preparation and monthly budgeting.

Example: Emily, a graphic designer, uses Emma Spaces to separate her freelance income from personal spending. This ensures she has accurate data when filing taxes, and it simplifies budget management by clearly showing which expenses belong to her business.

Individual Goals and Budgets per Space

With Emma Spaces, you can create specific budgets tailored to each Space. Whether it's personal spending, business expenses, or joint finances, having targeted budgets helps you track your progress towards your individual financial goals.

Example: Tom and Sarah set a monthly budget for groceries and household bills within their shared Emma Space, enabling them to clearly see their spending and stay within their financial targets each month.

Multi-Customer Support

Emma’s Sharing Spaces enable collaborative financial management. You can easily share any Emma Space with friends, family, or housemates, ensuring everyone has visibility and control over shared finances.

Example: A group of flatmates uses a shared Emma Space to track shared bills such as utilities, rent, and household expenses. Everyone can easily view and manage their collective spending, avoiding confusion or missed payments.

Shared Premium Features

The creator of an Emma Space must subscribe to Emma Ultimate, but other participants can access premium features within the shared Space, even if they're using Emma Free. These features include custom expense categories, offline account tracking, and more.

Example: Laura has Emma Ultimate and created a shared Space with her family members who use Emma Free. Despite not subscribing themselves, her family can access and enjoy premium budgeting features, greatly enhancing their joint financial management experience.

Practical Use Cases of Emma Spaces

Freelancers

Clearly separate your freelance or consultancy income and expenses from your personal finances. Emma Spaces streamline your accounting, simplify your budgeting, and make annual tax returns significantly easier.

Business Owners

Manage separate Emma Spaces for different business entities or departments. You can also share access with trusted employees, fostering transparency and improving financial accountability within your team.

Example: Jake, who runs a café, created dedicated Emma Spaces for payroll, suppliers, and operational expenses. He then shared access with his café manager, ensuring they both have real-time oversight of the café's financial status.

Couples

Joint Emma Spaces allow couples to efficiently manage shared financial responsibilities, including mortgages, bills, and savings goals. This transparency improves communication and supports healthier financial habits as a couple.

Families

Emma Spaces provide an excellent way for families to manage children's allowances, savings for education, or shared family holidays. Parents can clearly allocate and monitor budgets, making financial education and management within the family simple and effective.

Example: Anna and Michael created a separate Emma Space dedicated to saving for their children's future education. They set clear savings goals, track progress monthly, and ensure their savings stay on track.

What Accounts Can You Add to Emma Spaces?

Emma Spaces support all accounts you've linked in Emma, including your Emma wallet, Emma Pots, and investments made via Emma Invest.

Ready to experience clearer, simpler financial management? Create your first Emma Space today and take the first step toward mastering your finances.