![]() These fintech apps track your spending and encourage you to invest a tiny amount of money in assets whenever you make a purchase, such as clothes, food, or anything else. Many millennials find money matters to be perplexing and challenging to keep track of. Micro-investment is the foundation of the change investing concept. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds (Image Source: Join Now: PersonalFN is now on Telegram. It makes investing more accessible for early investors who wish to instil saving habits into their life. Many individuals are unaware of micro-investing, in which an investor saves a small amount of money and invests it. Many new investors want to find an investment destination where they may start investing at the micro-level. ![]() While we are learning to save money to attain our desired goals, building a habit of saving regularly is the need of the hour, and the sooner we get to it, the better.ĭo you think it takes a lot of money to start investing? What if you could set aside small amounts to invest every time you bought a coffee at a coffee shop, made an online purchase, or paid your utility bills? And before you know it, you've spent all of your income. It may happen that you want to save money on a regular basis, but you are having trouble allocating funds for investments at the start of each month. In a tussle to avoid making tough decisions about their money, they often miss out on opportunities to get attractive returns. Many individuals find parking their money in traditional government-backed financial instruments the easiest and safest choice. Sure, let me help you understand the functioning of this concept of investing and if it is beneficial for you." I replied, "Ohh, you are referring to the 'Change Investing' apps, which have been in the news now. Since this is a new concept of investing, I thought I should consult with you first to discuss the pros and cons." This concept of investing allows you to invest the change you receive while making any bill payments. Ritika replied, "Yes, I am aware of SIP investments with small amounts, but the app I am talking about allows you to invest the smallest amount left from your bill payments. Is this an investing application you are referring to?" To which I responded, "Ritika, Investing does not require any huge sum of money, you could easily start by investing in mutual funds via SIPs that allow investments as low as Rs 500/. The other day my colleague mentioned an app that could easily mark my gateway through investing without requiring a huge amount to invest." She said, "Mitali, you remember how I told you about my internship and that I am willing to begin investing. Recently, my younger cousin Ritika called me, she has started her summer internship, so she is willing to save a portion of her stipend towards investing. New-age fintechs are here to give you that nudge and assist you in your wealth creation journey. ![]() However, all you need is just a nudge to stop procrastinating and take a step towards investing. Some explain their inaction by claiming that they don't have enough money to invest. When it comes to investing, many individuals tend to procrastinate. Definitive Guide To Successful Equity Investing.10 Steps to Select Winning Mutual Funds.The Complete Guide to Public Provident Fund (PPF).Your Comprehensive Guide to Tax Planning 2019.How To Become A Millionaire With Mutual Fund.Understanding Mutual Funds - Equity, Debt, and Gold.Your Guide To Build An All-Season Mutual Fund Portfolio. ![]() ![]()
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