5 reasons why you should start investing your spare change today!
YOLO is cool and all, but if not now, then when?
Even though several youngsters have set foot on the right track of financial investments, there are still many of us who live by the motto ‘You Only Live Once’ and pay no mind to saving habits.
It is important to understand that saving sustainably is all about building a habit. Of course, it takes time to build any habit, and it is no different for saving and investing. Slow and steady progress in building your saving and investing habits will help you achieve your financial goals as soon as possible.
‘Why should I waste my precious youth on boring tasks such as savings and investments?’
This mindset might be the only thing keeping you away from achieving a safer financial future. The idea of saving and investing when you don’t have enough money to invest and lack knowledge about investments might feel intimidating. However, this should not stop you from learning the art of saving. NiyoX’s new ‘Invest The Change feature’ makes investing easier than ever–you no longer have to spend large amounts of time and money to invest, all you have to do is spend with your NiyoX Digital Savings Account!
Sounds a little too good to be true? Imagine investing with the spare change of your everyday chai or coffee. Yes, you can become rich with your spare change! How exactly? The spare change can be used for micro-investing and it is the best and safest way to start your investment journey. It is one of the coolest ways by which millennials save and invest as it requires zero effort and a very little amount of money.
Here are 5 solid reasons why you should invest your spare change today!
- More time, more money
It is always a good idea to start investing early. You can start investing with whatever amount you have on hand the earliest and grow your money gradually. NiyoX’s new ‘Invest the Change’ feature helps you collect spare change of amounts as low as 1 rupee. You don’t need to put in much effort, all you have to do is to spend money with the app and set up the roundup change amount of your spend, which can be 10, 50, or even 100 rupees. Once you accumulate 100 rupees in change, we will automatically invest your round-up change in a mutual fund of your choice. Little drops of water make the mighty ocean! The earlier you start, the more wealth you will be able to accumulate over time.
- Improved saving habits
Remember the ‘piggy bank’ that you used to have–your tiny savings bank that got you your first favorite toy?
Regardless of your age, developing a habit of saving is really important.Your new NiyoX Invest the Change is just a ‘digital piggy bank’ that will help you save your money for the future, and you don’t need a lot of money to start saving. The first step to securing your financial future is to build a habit of systematic saving, by prioritizing your needs and wants and setting apart a fixed amount as savings. A more advanced step towards financial management is to increase your money with your money; which is where ‘investments’ come into play.
Once you start using your NiyoX app to transact, the Invest The Change feature’s auto-debit of spare change will help you inculcate a disciplined approach to savings as each purchase contributes spare change for investment, bit by bit. Now you can say you spend mindfully!
- Improve your quality of life
Don’t laugh it off when we say ‘save for your retirement now’. Eons away as it might seem at the moment, it will pass by just as fast as the years 2020 and 2021 have. Investing early can help you retire early or save up enough money to go for that vacation you always wanted (which will be much better if done before you’re 60).
Wise investment decisions made with the right financial advisor will help you achieve the standard of living of your choosing, but you can get started on your own as well! With your NiyoX spare change investing feature, Invest The Change; you can now save money for your retirement while you enjoy your life to the fullest.
- Safe investment
Saving and investing money is very important, but choosing the right financial advisor first is even more important – after all, you want to find someone you can trust with your money, don’t you?. With Invest The Change you don’t have to worry about safety at all. Invest The Change involves investing small amounts of money, which is saved and invested directly into the mutual fund of your choice. If you are looking for ways to save money and start investing without compromising on your financial security, it is safe to say you can opt for the NiyoX Invest The Change feature with your eyes closed.
- Effortless money management
Putting money aside is the hard part! We know. The delicious pizza, the stunning outfit, the struggle to keep up with the trends, all these factors are the hurdles you come across in the game of saving. Don’t sweat about it anymore. May it be from your late-night snack purchase or end-of-season sale purchase, your digital piggy bank can invest your roundups in the mutual fund of your choice. The only effort you have to put in is to activate the feature on your NiyoX app and spend with it, we will take care of your savings. So what are you waiting for? Start making money from your money.
Level up your financial game today! With the brand new Invest The Change feature from NiyoX, invest your round-ups automatically and earn a good sum over time effortlessly. If not now, then when?