Startup of the Week - Moneybox
by Startacus Admin
Let’s face it - for many of us, it is easier to spend money than save it. We may have the best intentions yet saving can be a habit that we may find challenging to get into. If that is something you can identify with, then our latest Startup of the Week ought to be right up your street.
Moneybox is an innovative savings and investment app which is making saving money easier than ever before.
Here’s how it works:
Firstly connect a card which you generally use for spending to the app. Then, whenever you are making your regular everyday purchases, the app will round up the spare change from those transactions and invest them into 3 tracker funds - a Cash Fund, a Global Shares Fund and a Property Shares Fund. The allocation of money into each of the Funds is determined by what starting point you select, namely Cautious, Balanced or Adventurous.
There are some examples on the site of how the investments in each have performed in the past, although that of course is more of an illustration rather than a guarantee of the future!
If you have ever struggled with saving money or have perhaps wanted to try micro investing, Moneybox is the perfect solution. It’s a doddle to set up, easy to use and can be a great intro into the world of stocks and shares.
Available for both iOS and Android, we reckon this innovative FinTech app is well worth checking out…
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Published on: 18th October 2017
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