This app invests for you based on your spending - here's how it works
We all know we should be investing our money toward future projects such as a house or retirement.
That's the easy part.
The hard part is knowing how much to put aside, keeping track of your spending, figuring out your budget and remembering to actually do all the above every day/week/month/year...
Luckily, there’s an easy way to invest automatically based on your spending: Plum. It does it all for you by Rounding Up your transactions to the nearest £1, and investing automatically in companies like Apple, Facebook or Google.
And now with over 500,000 users in the UK!
Here's how it works:
1) You link Plum to your bank account so it can analyse your transactions and calculate how much to round-up.
2) Enable round-up in the 'Brain' section.
3) Pick how you want to invest your money. Plum offers plenty of choice on where to put your money, using hand-picked tracking funds.
3) BOOYAKA! Plum will then automatically invest your spare change, which quickly add up to a nice stash.