Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

Round Up Accounts

Name: Round Up Accounts
Uploaded: 2020-04-30T01:20:51Z
Channel: Aaron Whybrow
Description: Carina from Diagnostics & Finance explains Round Up accounts, which automatically round everyday purchases to the nearest dollar and save the difference…

30 Apr 2020

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Carina from Diagnostics & Finance explains Round Up accounts, which automatically round everyday purchases to the nearest dollar and save the difference. A $3.70 coffee becomes $4, and that $0.30 goes into your savings goal. Small daily transactions add up to meaningful weekly savings.

What are Roundup accounts? Hi, I'm Carina from Diagnostics and Finance, and I'm talking about accounts that help you save. So you might be putting $50 a.
Week away or.
$50 a month away at the moment towards your saving goal. And you're spending in your account for.
Your groceries.
Your everyday expenses, coffee, eating out. And those transactions that you're making are.
Usually a.
Little bit off the whole dollar amount. So I'm talking about that $3.70 coffee that you're buying. So what about that extra 30 cents? It's really not a significant amount of money that you'll notice too much missing from your account.
But what if we could use that.
Extra 30 cents and have that contributing to those savings that you're putting away? So the.
Idea is that you're using the difference.
Between your spend and around up to the nearest dollar and using that difference to contribute to your saving goal.
So the idea is that that $50.
That you're putting away.
Every week could.
End up being $150 a week. Who knows? I'm Carina from Diagnostics and Finance. Bye for now.