The secret to Christmas savings!

TL;DR

Use the Raise app to round up your expenses and save spare change, which can accumulate to a few hundred dollars per year for Christmas expenses.

Transcript

g'day my name is ash and i'm a financial planner with consortium private wealth uh in today's video i want to let you in a little bit of a secret a bit of a success story that i have personally in relation to an app i use to accumulate a bit of wealth throughout the year and leading into christmas we're in end of november at the moment as i'm recor... Read More

Key Insights

• 😀 The Raise app helps accumulate spare change from everyday expenses to build wealth.
• 🎁 Investing the accumulated funds into growth assets, such as the stock market, presents an opportunity for additional returns.
• 💳 By utilizing the app, individuals can avoid using credit cards and accumulating debt during busy times like Christmas.
• 😀 The app offers flexibility and can be used for various financial goals and lump sum expenses.
• 😀 The Raise app has been personally recommended by the speaker to colleagues and clients.
• 😀 The speaker's household, with regular supermarket transactions, has found the app particularly beneficial.
• 😀 Similar apps with a similar offering can be considered as alternatives to the Raise app.

Questions & Answers

Q: How does the Raise app work?

The Raise app rounds up your expenses to the next dollar and accumulates the spare change in a cash account. It offers options to invest the accumulated amount into various categories, such as the stock market.

Q: How much money can you save using the Raise app?

On average, users can accumulate somewhere between four to six hundred dollars per year by using the Raise app throughout the year. This amount can help cover Christmas expenses or be used for other purposes.

Q: How long have you been using the Raise app?

The speaker has been using the Raise app for around three to four years. They have found it effective in building wealth and meeting Christmas expenses.

Q: Can the Raise app be used for purposes other than Christmas expenses?

Absolutely, the Raise app can be used for various purposes such as accumulating funds for bills, insurance payments, or any other lump sum expenses.

Summary & Key Takeaways

• The Raise app is linked to a personal transactions account and rounds up expenses to the next dollar, with the spare change being accumulated and invested.

• By using the app throughout the year, you can save a significant amount of money to cover Christmas expenses.

• The app helps to avoid using credit cards and accumulating debt during the holiday season.